Plaintree Systems Reports 2025 Fiscal Year Financial Results

Plaintree Systems Inc. has released its audited financial results for the fiscal year ending March 31, 2025. The company reported a revenue decline to $23,847,195 compared to $24,204,805 in the previous year. Net loss before tax and impairments reached $(815,531), a stark contrast to the prior year's $1,174,305 gain.

CEO David Watson highlighted significant challenges stemming from geopolitical issues and tariff uncertainties, impacting the Elmira appliances segment. As a result, this led to an inventory provision of $1,112,870 and a $995,621 impairment. Additionally, the Summit division had a loss of $416,059, following the loss of its largest customer's key client.

Despite these setbacks, other divisions showed resilient performance. Plaintree's operations span Specialty Structures and Applied Electronics, with diverse product lines including commercial domes and avionic components. The company trades on the Canadian Securities Exchange under the symbol "NPT".