$2.5M in Positive Adjusted EBITDA
Company is Profitable and Has Increased Cash On-Hand YoY by 76%
Successfully Launched a New AI-Driven Brand Offering, Increasing Market Potential by 100%
Company Website:
https://posabit.com
TORONTO & SEATTLE -- (Business Wire)
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of point of sale and payment solutions for the cannabis industry, today announced its financial results for the fourth quarter and year ended December 31, 2025.
“2025 was a transformative year for POSaBIT,” said Ryan Hamlin, CEO and co-founder of POSaBIT. “We continued to demonstrate the strength of our business, as we grew our year-over-year gross profit dollars, posted over $2.5M in positive Adjusted EBITDA, and increased our cash position on the balance sheet. Most importantly, we achieved these results while continuing to invest in our platform through several AI-driven initiatives, expand our product offerings, and improve profitability across the business.”
Hamlin continued, “Our focus on disciplined execution and operational efficiency has positioned POSaBIT as one of the only consistently profitable technology companies in the cannabis industry. We are entering 2026 with strong momentum, a healthy balance sheet, and tremendous confidence in the long-term opportunity in front of us.”
The Company also highlighted the recent launch of its new POSaBIT Brands offering in early 2026, an innovative software platform designed specifically for cannabis producers and processors. Historically, POSaBIT’s solutions have served only the cannabis retailers. With the introduction of POSaBIT Brands, POSaBIT is now able to address an entirely new segment of the cannabis industry.
“We are incredibly excited about the launch of POSaBIT Brands,” said Hamlin. “For the first time, we are bringing POSaBIT’s technology to producers and processors, essentially doubling our market opportunity. The platform delivers powerful tools for real-time reporting, vendor-managed inventory (VMI), robust product catalogs, and B2B payments, all supported by a highly advanced, AI-driven backend. We are confident that this new solution and expanded market opportunity will drive significant value for POSaBIT in the months and years ahead.”
Balance Sheet
As of December 31, 2025, the Company had cash and cash equivalents of approximately $1.8 million compared to $1 million as of December 31, 2024. This represents a 76% increase year over year.
Financial Results
in US Dollars | Year ended |
|
|
| December 31, 2025 | | December 31, 2024 |
| % Chg. |
Revenue | $10,004,101 | | $15,273,846 |
| (34.5)% |
Cost of goods sold | $(2,770,492) | | $(8,269,317) |
| 66.5% |
Gross profit | $7,233,699 | | $7,004,529 |
| 3.3% |
Gross profit margin | 72% | | 46% |
| 56.5% |
Operating costs | $(9,312,733) | | $(12,175,820) |
| 23.5% |
Operating loss | $(2,079,124) | | $(5,171,292) |
| 59.8% |
Other (expenses) income | $82,746 | | $(557,307) |
| 114.8% |
Income tax recoveries (expense) | $(190) | | $12,240 |
| (101.6)% |
Income (loss) | $(1,996,568) | | $(5,716,359) |
| 65.1% |
The following table reconciles Revenue, as reported, to Adjusted Revenue for the year ended December 31, 2025.
in US Dollars | December 31, 2025 |
Revenue as reported | $10,004,101 |
Add: Cash receipts from licensing contracts | $5,668,145 |
Deduct: Licensing support revenue | $(1,545,000) |
Adjusted Revenue | $14,127,246 |
The following table reconciles Gross Profit, as reported, to Adjusted Gross Profit for the year ended December 31, 2025.
in US Dollars | December 31, 2025 |
Gross Profit as reported | $7,233,609 |
Add: Cash Receipts from Licensing contracts | $5,668,145 |
Deduct: Licensing Support Revenue as reported | $(1,545,000) |
Adjusted Gross Profit | $11,356,754 |
Adjusted Gross Profit Margin | 80.4% |
The following table reconciles Net Income or Loss, as reported, to Adjusted EBITDA for the year ended December 31, 2025.
in US Dollars | December 31, 2025 |
|
|
Loss, as reported | $(1,996,568) |
Add: Foreign exchange loss, as reported | $119,600 |
Add: Share-based comp, as reported | $370,726 |
Add: Amortization and depreciation, as reported | $13,931 |
Add: Credit loss provision, as reported | $201,827 |
Add: Finance costs, as reported | $548,171 |
Add: Interest accretion, as reported | $8,019 |
Add: Transaction costs, as reported | $75,391 |
Add: Other expenses, as reported | $43,162 |
Less: Gain on litigation, as reported | $(395,440) |
EBITDA | $(1,010,991) |
Deduct: Licensing support revenue, as reported | $(1,545,000) |
Deduct: Interest income (licensing revenue), as reported | $(563,875) |
Add: Cash receipts from licensing agreement, as reported | $5,668,145 |
Adjusted EBITDA | $2,548,278 |
Conference Call Information:
Date: April 22, 2026
Time: 4:30 PM Eastern Time
Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 474682
Webcast URL: https://www.webcaster5.com/Webcast/Page/2708/53900
Conference Call Replay Information:
The replay will be available approximately 1 hour after the completion of the live event.
Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 53900
Webcast Replay URL: https://www.webcaster5.com/Webcast/Page/2708/53900
Financial Reports
Full details of the financial and operating results are described in the Company’s consolidated financial statements for the years ended December 31, 2025 and 2024, together with the accompanying notes. The consolidated financial statements and additional information about POSaBIT are available on the Company’s website at www.posabit.com/investor-relations or on SEDAR+ at www.sedarplus.ca.
Non-IFRS Measures
Adjusted Revenue, Adjusted Gross Profit (and Adjusted Gross Profit Margin) and Adjusted EBITDA are non-IFRS measures used by management that do not have any prescribed meaning by IFRS and may not be comparable to similar measures presented by other companies. The Company defines Adjusted Revenue as gross revenue, minus license support revenue, plus actual licensing cash received as part of POSaBIT’s licensing deals. The Company defines Adjusted Gross Profit as Adjusted Revenue less company cost of goods sold, and Adjusted Gross Profit Margin as a percentage of Adjusted Gross Profit as compared to Adjusted Revenue. The Company defines Adjusted EBITDA as net income or loss generated for the period as reported, before interest, taxes, depreciation and amortization and further adjusted to remove changes in fair values and expected credit losses, foreign exchange gains and/or losses, impairments. The Company believes these non-IFRS measures are useful metrics to evaluate its core operating performance and uses these measures to provide shareholders and others with supplemental measures of its operating performance. The Company also believes that securities analysts, investors and other interested parties, frequently use these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. We caution readers that Adjusted Revenue, Adjusted Gross Profit (and Adjusted Gross Profit Margin) and Adjusted EBITDA are not substitutes for gross revenue, gross profit or profit/loss, respectively.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding our business strategy, product development, timing of product development, events and courses of action.
Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations or intentions regarding the future including words or phrases such as “anticipate,” “objective,” “may,” “will,” “might,” “should,” “could,” “can,” “intend,” “expect,” “believe,” “estimate,” “predict,” “potential,” “plan,” “is designed to” or similar expressions suggesting future outcomes or the negative thereof or similar variations. Forward-looking statements may include, among other things, statements about: our expectations regarding annual cost reductions; our future customer concentration; our anticipated cash needs and our estimates regarding our capital requirements; our ability to anticipate the future needs of our customers; our plans for future products and enhancements of existing products; our future growth strategy and growth rate; our future intellectual property; and our anticipated trends and challenges in the markets in which we operate. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which POSaBIT will operate in the future, including the demand for our products, anticipated costs and ability to achieve goals. Although we believe that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to, business, economic and capital market conditions; the ability to manage our operating expenses, which may adversely affect our financial condition; our ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; market conditions and the demand and pricing for our products; our relationships with our customers, distributors and business partners; our ability to successfully define, design and release new products in a timely manner that meet our customers’ needs; our ability to attract, retain and motivate qualified personnel; competition in our industry; our ability to maintain technological leadership; our ability to manage risks inherent in foreign operations; the impact of technology changes on our products and industry; our failure to develop new and innovative products; our ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect our business; our ability to manage working capital; and our dependence on key personnel.
Important factors that could cause actual results to differ materially from POSaBIT’s expectations include consumer sentiment towards POSaBIT’s products, litigation, global economic climate, loss of key employees and consultants, additional funding requirements, changes in laws, technology failures, competition, and failure of counterparties to perform their contractual obligations.
Neither we nor any of our representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust or otherwise resulting from the use of the information in this news release or for omissions from the information in this news release.
ABOUT POSABIT
POSaBIT (CSE: PBIT, OTC: POSAF) is a FinTech, working exclusively within the cannabis industry. We provide a best-in-class Point-of-Sale solution and work with payment processors to enable cashless payment options for cannabis retailers. We work tirelessly to build better financial services and transaction methods for merchants. We bring cutting-edge, AI driven software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry. For additional information, visit www.posabit.com.
Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260422188865/en/
Contacts:
Investor Relations:
investors@posabit.com
Media Relations:
Oscar Dahl
855-767-2248
hello@posabit.com
Management:
Ryan Hamlin
Co-founder and CEO of POSaBIT
855-767-2248
investors@posabit.com
Source: POSaBIT Systems Corporation
© 2026 Canjex Publishing Ltd. All rights reserved.