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iAnthus Reports First Quarter 2025 Financial Results

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NEW YORK and TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN, OTCQB: ITHUF), which owns, operates, and partners with regulated cannabis
iAnthus Capital Holdings, Inc. reported its financial results for the first quarter ended March 31, 2025, highlighting a revenue of $44.4 million, a slight decrease from $44.8 million in the same quarter of the previous year. The company's gross profit increased to $22.7 million from $21.6 million year-over-year, with the gross margin improving to 51% from 48%. Operating expenses were reduced to $19.6 million from $21.4 million, leading to an operating income of $3.1 million, a significant improvement from an operating loss of $0.2 million in Q1 2024. The net loss for the quarter was $6.8 million, compared to a net loss of $11.7 million in the prior year's first quarter. iAnthus also reported an Adjusted EBITDA of $9.4 million, up from $7.8 million in Q1 2024. The company's CEO, Robert Galvin, expressed satisfaction with the results, attributing the performance to operational efficiencies and market expansion efforts, and remains optimistic about future growth and profitability.

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