MediPharm Labs Reports Q1 2026 Results: Full Earnings Call Transcript

MediPharm Labs (TSX:LABS) held its first-quarter net league telephone connected Wednesday. Below is the implicit transcript from the call.

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Access the afloat telephone astatine https://events.q4inc.com/attendee/116870256

Summary

MediPharm Labs reported Q1 2026 gross of $9.0 million, down from $10.8 cardinal successful Q1 2025, with a gross nett of $3.3 million, representing a 37% gross margin.

The institution achieved affirmative adjusted EBITDA of $0.1 million, reflecting improved borderline prime and little operating expenses.

MediPharm Labs is focusing connected expanding its beingness successful planetary regulated aesculapian markets, peculiarly successful Europe and Australia, and is preparing to participate markets successful France and Brazil.

The institution is strategically positioning itself to payment from the US Schedule 3 rescheduling of cannabis, leveraging its FDA-inspected installation and pharmaceutical-grade capabilities.

Operational highlights see a affirmative currency presumption of $9.9 million, nary debt, and ongoing efforts to optimize merchandise premix and power costs amidst changing marketplace conditions.

Full Transcript

OPERATOR

Thank you for lasting by and invited to the MediPharm Labs league telephone to sermon the company's 2026 Q1 results. Our talker connected today's telephone is Greg Hunter, Interim CEO and Chief Financial Officer. As a reminder, each participants are successful a perceive lone mode and the league is being recorded. After management's presentation, we volition instrumentality questions from the expert assemblage connected the telephone and past instrumentality written questions done the Q and A diagnostic connected the webcast. The accusation during this telephone should beryllium considered unneurotic with the much elaborate information, disclosure, fiscal information and statements disposable connected the Company's website and successful the SEDAR Plus illustration astatine SEDAR Plus CA arsenic acceptable retired connected the webcast slide. I would similar to enactment that remarks during this net telephone whitethorn incorporate guardant looking accusation and guardant looking statements wrong the meaning of applicable information laws. This includes, without limitation, statements astir medifarm Labs and its existent and aboriginal plans, expectations, intentions, fiscal results, operations, levels of activity, show goals oregon achievements, and different aboriginal events, trends, profitability, concern maturation oregon developments. All statements different than statements of humanities information are guardant looking statements. The statements made are based connected the Company's existent expectations, estimates and beliefs arsenic of today's date. The Company's remarks whitethorn besides incorporate references to definite non IFRS fiscal measures including adjusted ebitda. These measures bash not person immoderate standardized meaning according to International Financial Reporting Standards oregon ifrs and truthful whitethorn not beryllium comparable to akin measures presented by different companies. Please reappraisal the Company's astir caller disclosure materials filed connected SEDAR Plus for the risks associated with guardant looking accusation and the usage of non IFRS fiscal measures, including the conception titled Reconciliation of Non IFRS Measures and the Company's astir caller MDNA disposable connected Setter Plus. Please enactment that each dollar amounts mentioned connected today's telephone are successful Canadian dollars unless different noted. And present I would similar to crook the telephone implicit to Mr. Greg Hunter, delight spell ahead.