Pineapple Financial (OTC Pink: PAPLF), Reports Q3 Results: Reduced Losses, Improved Cash Flow, and Sustainable Growth

Tue 15 Jul 25, 09:13 AM | Team Kalkine

Highlights
• Gross billings rose 15.23% to CAD 14.23 million for the nine months ended May 31, 2025
• Revenue increased 11.78% year-over-year to CAD 2.26 million
• Operating loss narrowed by 16.76% to CAD 1.99 million
• Net cash used in operations dropped to CAD 439,198 from CAD 1.44 million last year
• Cash on hand improved to CAD 1.13 million, up from CAD 580,356 at August 31, 2024
• Board approved 1-for-20 reverse stock split; company continues NYSE American appeal

Pineapple Financial Inc. (OTC Pink: PAPLF), a Canadian mortgage technology and brokerage platform, released its unaudited financial results for the three and nine months ended May 31, 2025. The company reported gains in gross billings and revenue while reducing losses and improving liquidity, citing a deliberate approach to cost control and platform development.

About the company: Pineapple Financial is a mortgage technology and brokerage firm that operates the proprietary PineappleONE platform, which serves over 700 brokers across Canada. The company is currently traded on the OTC Markets and has an open appeal process with NYSE American following a delisting notice.

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