Green Rise Foods Posts 5.5% Revenue Gain, EBITDA Drops to CAD4.9M
Green Rise Foods posted FY2025 revenue of CAD31.9M, up 5.5%, while adjusted EBITDA fell to CAD4.9M from CAD5.2M and failed its fixed charge coverage ratio, mandating a remediation plan by May 31, 2026. The 2026 greenhouse season is on schedule with beefsteak and bell pepper prices rising.
1. Fiscal 2025 Financial Highlights
For the year ended December 31, 2025, Green Rise Foods delivered revenue of CAD31.9M, a 5.5% increase. Adjusted EBITDA excluding grants and special programs declined to CAD4.9M, down from CAD5.2M in the prior year, reflecting weather-driven yield shortfalls and elevated operational costs.
2. Fixed Charge Coverage Non-Compliance
The company failed to meet its annual fixed charge coverage ratio, triggering a requirement to submit a remediation proposal to its lender, the Royal Bank of Canada, by May 31, 2026. Large CAPEX investments and lower fourth-quarter yields contributed to the covenant breach.
3. 2026 Greenhouse Crop Update
Green Rise reports the 2026 greenhouse season is on schedule. Lower light levels experienced this spring have been counterbalanced by higher market prices for beefsteak and bell peppers, supporting revenue potential and yield optimization efforts.