Neptune Wellness Solutions Income Statement 2023-2011 | NEPT

Brief overview of financial performance at Neptune Wellness Solutions

The overview follows changes across a five-year period. The revenue attributed to Neptune Wellness Solutions moved from 22.6 million Canadian dollars to 46.8 million Canadian dollars between the two endpoints. The total change was +106.8%, with a CAGR of approximately 15.6%. The company expanded its sales base at a healthy rate.

At the gross-profit level, the result moved from 4.6 million Canadian dollars to −36.2 million Canadian dollars, a change of −892.5%. Gross profit as a share of revenue changed from 20.2% to −77.3%. The margin decline reflects a less favorable sales-and-cost structure.

The operating result measured by EBITDA moved from −13.4 million Canadian dollars to −176 million Canadian dollars, or −1213%. Operating performance weakened relative to revenue. Comparing the endpoints gives EBITDA margins of −59.4% and −377%. A lower EBITDA share weakens the quality of the result.

Comparing the endpoints shows a move from −7.5 million Canadian dollars to −169 million Canadian dollars. Larger losses indicate rising pressure on the business.

The five-year change in capitalization reached −40.4%: from 65.1 million Canadian dollars to 38.8 million Canadian dollars. The market is not yet fully reflecting the fundamental progress.

Overall conclusion

The results contain several connected negative signals. Key strengths include sales growth. The most visible risks are pressure on operating profitability, a weaker final result and a narrow gross-profit buffer. The key question is whether sales can be converted into sustainable profit.