By Adriano Marchese

Tilray Brands logged a profit in its fiscal first quarter thanks to strong distribution and cannabis segment performance which supported better-than-expected revenue growth.

For the three months ended Aug. 31, the cannabis company reported on Thursday a net income of $1.5 million, compared with a loss of $34.7 million in the comparable quarter a year ago. On a per-share basis, the quarter's earnings were nil, compared with a loss of four cents a share.

According to FactSet, analysts were expecting a loss of three cents a share.

Net revenue rose to $209.5 million from $200 million a year earlier, which was above analyst forecasts of a more modest rise to $204.5 million.

Tilray's cannabis segment saw a 5% increase in revenue to reach $64.5 million in the period, while the beverage unit saw a slight decline to $55.7 million from $56 million a year earlier.

The distribution segment revenue rose to $74 million from $68.1 million, while wellness net revenue, its smallest unit, rose to $15.2 million from $14.8 million.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

October 09, 2025 07:35 ET (11:35 GMT)

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