Decibel Reports Third Quarter 2025 Financial Results

Financial Performance: Decibel Cannabis Company reported a net revenue of $32.9 million for Q3 2025, marking a 37% year-over-year increase, driven by international sales from AgMedica and modest growth in Canadian recreational sales.

Sales Breakdown: International sales reached $8.4 million, a 37% quarter-over-quarter increase, while Canadian recreational sales were $24.5 million, up 3% year-over-year, supported by new marketing initiatives and product launches.

Adjusted Earnings: The company achieved an Adjusted EBITDA of $7.3 million, a 40% increase from the previous year, and an Adjusted Net Income of $3.8 million, reflecting improved operational performance despite a slight decrease in free cash flow.

Revised Guidance: Decibel updated its 2025 financial guidance, anticipating net revenue of approximately $115 million and Adjusted EBITDA of around $24 million, due to regulatory delays and market disruptions affecting product availability.