Aurora Cannabis (ACB) Q3 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 4, 2026 astatine 8:18 AM CST 32 min read

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Wednesday, Feb. 4, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Miguel Martin

• Chief Financial Officer — Simona King

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Miguel Martin: Thanks, Kevin. Our quarterly show reflects our beardown competitory presumption successful the rapidly expanding planetary aesculapian cannabis marketplace and continued committedness to profitable and sustainable growth. This occurrence is supported by proven commercialized execution and purposeful investments successful science, technology, and talent. Additionally, our dedicated absorption connected improving diligent and strengthening doc engagement has contributed importantly to these results. Let's statesman with a little reappraisal of the quarter. In fiscal Q3, first, nett gross accrued 7%, driven by a grounds 12% maturation successful planetary aesculapian cannabis revenue, including a 17% summation internationally. Notably, much than fractional of our full nett gross was generated extracurricular of Canada.

Second, adjusted gross borderline roseate 100 ground points to 62%, wherever we benefited from beardown aesculapian cannabis margins of 69%, which was the effect of sustained maturation successful our higher-margin planetary markets. Third, profitability held strong, with adjusted EBITDA of $18.5 cardinal and adjusted nett income of $7.2 million. And finally, we generated affirmative escaped currency travel of $15.5 cardinal and maintained our beardown equilibrium expanse with implicit $150 cardinal successful currency and the lack of cannabis business-related debt. Unlike astir peers, we person focused connected aesculapian cannabis arsenic the astir promising manufacture conception for astir a decade. We person truthful deployed sizeable resources and investments, providing america with the pursuing competitory advantages.

We are 1 of Canada's largest planetary aesculapian cannabis companies. We are Canada's starring exporter of aesculapian cannabis. And finally, we are a marketplace person successful the 3 biggest nationally ineligible aesculapian cannabis markets extracurricular of Canada. Notably, astir 90% of our yearly manufacturing capableness is produced wrong Aurora's European and TGA GMP-certified facilities and is taxable to precise stringent planetary standards. These standards are lone increasing, importantly limiting the fig of marketplace participants. There is simply a constricted fig of cannabis companies similar Aurora that person regulatory certifications for their manufacturing facilities that licence shipments straight to European and Australian markets. Aurora manufactures astir of its ain products and distributes them compliantly and profitably.