Greystone Logistics Inc. Reports FY 2025 Net Income of $1.92M and Sales of $57.87M
Reuters
Sep 03, 2025
Greystone Logistics Inc. Reports FY 2025 Net Income of $1.92M and Sales of $57.87M
Greystone Logistics, Inc., a leading manufacturer of recycled plastic pallets, has reported its financial results for the fiscal year ending May 31, 2025. The company achieved a net income of $1.922 million after preferred dividends of $428,713, with an EBITDA of $10.009 million on sales totaling $57.869 million. A notable development for the year includes a significant reduction in long-term debt by $2.247 million, enhancing the company's financial stability. In addition, Greystone Logistics acquired a strategically located property for $1.8 million, intended for future expansion and development. The company also repurchased 215,624 common shares on the open market during the year, totaling 1.009 million shares repurchased to date. These actions reflect the company's confidence in its long-term prospects and commitment to delivering value to shareholders.
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