Edesa Biotech Inc. reported a net loss of USD 7.2 million, or USD 1.27 per common share, for the full year ended September 30, 2025. This compares to a net loss of USD 6.2 million, or USD 1.93 per common share, for the previous year. As of September 30, 2025, Edesa Biotech Inc. held cash and cash equivalents of USD 10.8 million and reported working capital of USD 10.4 million. General and administrative expenses for the period increased to USD 4.2 million, primarily due to higher noncash share-based compensation. Total other income for the year was USD 0.7 million, mainly reflecting a decrease in interest income. Subsequent to the fiscal year end, the company raised USD 3.4 million in net proceeds from the sale of common shares under an at-the-market offering program.