<span item_type="fundamental" item_id="9a489c2be32e59e8b0cdacaf34071f9b" counter_id="ST/US/TSNDF" env="prod"></span><span item_type="announcement" item_id="579771576550360449" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 65.1 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.04.</p><p>EBIT: As of FY2025 Q3, the actual value is USD 20.38 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Net Revenue for Q3 2025 was $65.1 million, compared to $65.0 million in Q2 2025 and $65.2 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross Profit Margin was 52.1%, up from 51.1% in Q2 2025 and 51.0% in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li><li>GAAP Net Loss from continuing operations was - $9.9 million, compared to - $6.4 million in Q2 2025 and - $15.8 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li><li>EBITDA from continuing operations was $14.3 million, compared to $15.9 million in Q2 2025 and $9.7 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li><li>Adjusted EBITDA from continuing operations was $17.0 million, with an Adjusted EBITDA Margin of 26.1%, compared to $16.0 million and 24.6% in Q2 2025, and $16.9 million and 25.9% in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net Cash provided from continuing operations was $7.1 million, compared to $7.3 million in Q2 2025 and $6.1 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li><li>Free Cash Flow was $4.9 million, compared to $5.0 million in Q2 2025 and $6.1 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company completed a $79 million non-dilutive refinancing of existing debt and secured an additional uncommitted term loan facility of up to $35 million for strategic M&amp;A.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>TerrAscend plans to exit the Michigan market by the end of 2025, using proceeds to pay down existing debt. The company is evaluating strategic opportunities through a disciplined M&amp;A approach and is well-positioned to benefit from potential regulatory developments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1778129/000119312525268109/tsndf-ex99_1.htm"></span></li></ul>

TerrAscend Corp. | 8-K: FY2025 Q3 Revenue: USD 65.1 M