ECS Botanics has reported a net loss after tax of $5.7 million for FY25, as non-cash impairments overshadowed what management described as a “transformative year” marked by record cultivation and fast-growing direct-to-consumer sales.
The firm recorded $7.8m in non-cash adjustments – $2.9m from writing down goodwill and intangibles, and $4.9m from lowering the value of inventory after revaluing biomass and reclassifying older flower.
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