Arizona Tribune - Nepra Foods Issues Letter from CEO

Dear Fellow Shareholders,

I would like to start this message off by first saying thank you. Your patience and continued support have been nothing short of special and the Nepra Foods team has not forgotten the importance of shareholder value.

Steve Jobs once said, "Some years you win, some years you build character." The past year, we built character, and it was pure hell. I personally did not make a penny and brought on as much free labor as I could. I invested close to $2 million dollars and co-signed for loans when needed. The founders who remained both took pay cuts and forfeited back pay to help the balance sheet. The rest of the team wore whatever hat was needed and put in additional hours necessary to get the job done. All of this was driven by our belief in the mission we are building and the success it will bring. We found talents and strengths in ourselves and colleagues we didn't know were there. We all stepped up and are better for it, and we look to continue building upon all our talents in the future.

We ended our fiscal year 2025 with a 50.3% increase in revenue and a reduction of over 302% in our net loss. We cut our expenses 12.3% and focused on eliminating debt, which led to a decrease of 29.9% in lease liabilities. We put every dollar under a microscope and will continue to do so moving forward. Getting to profitability is non-negotiable, and we will do whatever is needed to live within our means.

We are almost done restructuring our board of directors and look to add key members who bring an intrinsic value to various divisions of our company. We are lucky to have board members like our Chairman Mark Retzloff and board member Tim Hogan, who are active in the business activities daily. A balanced board with diverse backgrounds will provide the necessary guardrails as we navigate the path forward and pursue the opportunities created by our CVO, Chadwick White. He is the definition of a true visionary, and his steadfastness and focus on the future will always be a light we follow.

We have focused on creating additional revenue streams that support the R&D projects that take time to develop but can be much more lucrative long term. We look to take advantage of accretive opportunities in front of us and are hyper-focused on outsized risk-adjusted returns. With all we have been through, we cannot afford any more character-building years; it's time to win.

I could not be more excited to be a part of the Nepra team and where we are going. The future is bright, and every opportunity will be focused on building shareholder value. I highly encourage all of you to check out our newly released investor deck that can be found on our website, www.neprafoods.com.

Thank you for your continued patience as we continue to move forward in developing a profitable and sustainable business.

All the best,

Billy Hogan, CEO

About Nepra Foods
Nepra Foods is a specialty food company focused on innovative and proprietary allergen and gluten-free food ingredient technologies. The company supports food manufacturers globally with formulations, ingredients and technical support for the production of the next generation of healthy, nutritious foods. For more information on the company, visit www.neprafoods.com.

Contact: [email protected]
Investors relations Toll-free 1-844-566-1917

The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

SOURCE: Nepra Foods

View the original press release on ACCESS Newswire

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