Tilray Brands Inc. has announced its financial results for the fourth quarter and fiscal year ending May 31, 2025. The company reported a fiscal year net revenue of $821 million, with a constant currency figure of $834 million. Strategic decisions impacted revenue by $35 million during this period. The fourth quarter saw international cannabis revenue surge by 71%, and there was a 19% increase for the fiscal year. In Canada, the company maintained its leading position by revenue in the cannabis sector. Globally, the cannabis gross margin increased by approximately 700 basis points over the fiscal year. Tilray's beverage segment experienced a 19% revenue growth, reaching $241 million for the fiscal year, while the wellness segment grew by 9%, totaling $60 million. The company boasts a strong balance sheet with $256 million available in cash and marketable securities, alongside total debt repayments amounting to roughly $100 million to date. Looking ahead, Tilray Brands expects its adjusted EBITDA for fiscal year 2026 to range between $62 million and $72 million. The company plans to enhance its global supply chain and expand its cultivation footprint to meet growing demand in both Canadian and international markets.
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