HLS Therapeutics Inc (TSX:HLS)
C$ 4.42 -0.050 (-1.12%) Market Cap: 138.24 Mil Enterprise Value: 182.98 Mil PE Ratio: 0 PB Ratio: 1.72 GF Score: 62/100

Q3 2025 HLS Therapeutics Inc Earnings Call Transcript

Nov 13, 2025 / 01:30 PM GMT
Release Date Price: C$4.75 (-7.59%)

Key Points

Positve
  • Adjusted EBITDA increased by 19% year-over-year in Q3 and 25% year-to-date, indicating strong profitability growth.
  • The company has significantly reduced its debt, with a 40% decrease since the end of 2023, strengthening its financial position.
  • HLS Therapeutics Inc (HLTRF) has successfully defended its market share for Clozaril in Ontario despite increased competition.
  • The company is preparing for the launch of benpaoic acid in Q2 2026, which is expected to drive future growth.
  • The US Clozaril business is outperforming expectations, showing resilience and stability.
Negative
  • Revenue for Q3 was down 4% compared to the previous year, indicating challenges in maintaining sales growth.
  • Clozaril's Canadian business is projected to decline by 4-5% for the full year due to inventory fluctuations and competitive pressures.
  • Vascepa's prescription growth is below the company's ambitious targets for the year.
  • Foreign exchange negatively impacted consolidated revenue by approximately $0.8 million year-to-date.
  • The company faces headwinds in Canadian product sales, with only a 2% growth year-to-date in local currency.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HLS.TO - HLS Therapeutics Inc
Q3 2025 HLS Therapeutics Inc Earnings Call
Nov 13, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Q3 2025 financial results conference call for HLS Therapeutics. At this point, I would like to turn the call over to David Mason, Investor Relations for the introductory remarks. Please go ahead.

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Unidentified_2 [2]
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Thank you. Good morning, everyone, and thank you for joining us today. With me on the call is Craig Million, Chief Executive Officer, John Hannah, Chief Financial Officer, and Brian Walsh, Chief Commercial Officer.

Earlier this morning, we issued a news release announcing our financial results for the 3
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