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Althea Group Holdings Limited (ASX:AGH)

ALERT: Price-sensitive ASX Announcement for AGH
Current share price for AGH : $0.020 0 (0%)+
Announcement
Release
30 Oct 2025 9:55AM
Price at Release
$0.020
Full Release
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Summary
Althea Group Holdings Limited (AGH) reported a strong performance for the quarter ending 30 September 2025, with $5.4 million in customer receipts and a net cash usage of $0.21 million in operating activities. The company successfully raised $2.53 million through a share placement to support growth initiatives. AGH’s Canadian subsidiary, Peak Processing Solutions, maintained a 98% on-time fulfillment rate and held a 33% share of the Canadian THC-infused beverage market. Strategic investments included capital expenditure on underground utilities and inventory to support a major Canadian producer’s relaunch. Peak USA, AGH’s US subsidiary, completed significant production cycles and secured future orders, positioning itself well in the rapidly growing US THC-infused beverage market. The company noted challenges due to a strike in British Columbia but remained optimistic about future growth. The report also addressed non-recurring expenses and personnel changes, including the appointment of Mr. Barry Katzman as Interim CEO.
Key Points
  • Recorded $5.4 million in customer receipts for the quarter.
  • Net cash used in operating activities was $0.21 million.
  • Successfully raised $2.53 million via share placement.
  • Available funding totaled $2.98 million as of September 2025.
  • Appointment of Barry Katzman as Interim CEO.
  • Peak Canada held a 33% market share in the Canadian THC-infused beverage market.
  • Gross margins were 31%, down from 39% in the prior quarter.
  • Produced 141,312 cans, up from 119,709 cans in Q4 FY2024-25.
  • Peak USA secured orders for 300,000 cans to be produced in November.
  • The U.S. THC-infused beverage market projected to reach $4.1 billion by 2028.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.