Numinus Wellness Inc. Reports Q1 Fiscal 2025 Results
Numinus Wellness Inc., a mental health service provider operating in Canada, has announced its financial results for the first quarter of fiscal 2025. The company, which is listed on the Toronto Stock Exchange under the ticker symbol NUMI, focuses on innovative behavioral health treatments, particularly safe, evidence-based psychedelic-assisted therapies.
Financial Highlights
For the quarter ended November 30, 2024, Numinus Wellness reported a total revenue of CAD 2,013,779, marking a significant increase of 68.3% compared to CAD 1,196,629 in the same quarter of the previous year. This growth in revenue reflects the company’s expanding operations and increasing demand for its mental health services.
The cost of revenue for the quarter was CAD 992,622, up from CAD 734,686 in Q1 2024, representing a 35.1% increase. Despite the rise in costs, the company achieved a gross profit of CAD 1,021,157, compared to CAD 461,943 in the previous year, resulting in a substantial 121.1% increase in gross profit.
Market Position
As of August 7, 2025, Numinus Wellness’s stock was trading at CAD 0.05, with a market capitalization of CAD 16,320,880. The stock has experienced fluctuations over the past year, reaching a 52-week high of CAD 0.11 on November 13, 2024, and a low of CAD 0.025 on November 6, 2024.
Company Overview
Numinus Wellness Inc. serves clients across Canada, offering a range of solutions for psychological issues. The company is committed to providing innovative and evidence-based treatments, with a particular focus on psychedelic-assisted therapies. More information about Numinus Wellness and its services can be found on their website at www.numinus.ca .
Conclusion
The first quarter results of fiscal 2025 demonstrate Numinus Wellness’s strong financial performance and growth potential in the mental health sector. The company’s focus on innovative treatments and expanding service offerings positions it well for continued success in the evolving healthcare landscape.