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9/10/2026
Welcome to the GURU Organic Energy 3rd Quarter 2026 Results Conference Call and Webcast, being recorded today, September 10, 2026, at 10 a.m. ET. At this time, all participants are in a listen-only mode. Following management's presentation, there will be a question-and-answer session with financial analysts. Instructions will be provided at that time for you to queue up for questions. If anyone has any difficulties hearing the conference, please press star followed by zero for operator assistance at any time. GURU's press release, MD&A, and financial statements are available in the investor section of its website and on CDAR+. During the call, the company may refer to certain non-GAAP measures. Reconciliations are available in its MD&A. Also, Note that all financial figures are expressed in Canadian dollars unless otherwise indicated. I would also like to remind you that today's presentation may contain forward-looking statements about GURU's current and future plans, expectations, intentions, results, level of activity, performance, goals, achievements, or other future events or developments. Please take a moment to read the disclaimer on four looking statements on slide two of the presentation. I will now turn the call over to Carl Goyette, GURU's Chief Executive Officer. Please go ahead.
Thank you, operator. Bonjour à tous. Good morning, everyone, and welcome to GURU's fiscal 2026 third quarter results conference call. Before we get into the results, I would like to briefly address the leadership transition we announced yesterday. After 12 years with GURU, including the last six as president and CEO, I am concluding my tenure as CEO. With our foundation in Canada strengthened, record momentum in the business, and significant potential ahead, GURU is now entering its next chapter of growth. As a result, the board has initiated a search for a new CEO. I will remain a director of the company and a shareholder. I am also committed to supporting the team through this transition and as GURU pursues its long-term growth potential. Patrick Charbonneau has also been promoted to Chief Revenue Officer. Patrick and Ingy Sarraf, our CFO and COO, will co-lead GURU's operations under the direction of our Board Chair, Tyler Ricks, who will serve as Executive Chair through the transition. I am immensely proud of what this team has accomplished. We have been in the trenches together through many milestone moments in GURU's history. From our public listing to bringing Canadian distribution back in-house, we have celebrated important achievements and worked through challenges always moving forward together. What makes me the proudest is the strength of the team and the brand we have built. a brand with deep roots in Quebec that has grown across Canada and made meaningful inroads in the U.S. market. I hand over the leadership of GURU with confidence in the team, the business, and the opportunity ahead. Tyler is with us on today's call, and Ingy will join me for the Q&A. Now, let's turn to the third quarter results. Starting on slide five, This was a record quarter for Guru. Net revenue reached $11.5 million, up 10.3%, which is the highest quarterly net revenue in our history. Last year's third quarter carried a one-time benefit. Excluding it, revenue grew about 27% on a comparable basis. This is how fast this business is really growing. And we grew profitably with net income of half a million dollars and positive EBITDA of $0.9 million. Ingy will take you through the trend over time. On a trailing 12-month basis, net revenue is approximately $39 million, up about 23%, with adjusted EBITDA of roughly half a million dollars. This is the third consecutive trailing 12-month period with a positive adjusted EBITDA since KURU went public. More than a year ago, we took back control of our distribution in Canada. This quarter, four full quarters into it, it shows
what that control produces.
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