KAMLOOPS, BC, Sept. 11, 2025 /CNW/ – Progressive Planet (TSXV:PLAN) (OTCQB:ASHXF) (“Progressive Planet”, “PLAN”, or the “Company”) is proud to provide highlights for the first quarter ended July 31, 2025.
Financial Highlights include the following when compared to the first quarter of the prior year:
- Net income increased 328% to $1,597,712,
- Revenue increased by 27% to $5,914,187,
- Gross profit increased by 46% to $2,276,982, and
- The Company repaid $412,839 of its long-term bank debt.
During the most recently completed fiscal year that ended on April 30, 2025, annual revenues were flat, as was disclosed in the news release issued on August 21, 2025. This changed in the current quarter, where the company saw material growth in revenue compared to the first quarter of the prior fiscal year. The revenue increase was driven by strong demand for the Company’s products across all major product categories.
The Company also enjoyed higher gross margins (38.5% in the current quarter compared to 33.5% in the comparable quarter), in part by …