Tilray Brands guided for adjusted EBITDA between $68 million and $75 million in fiscal 2027, representing a double-digit increase from the prior year. The company reported record fiscal 2026 net revenue of $915.5 million, up 11%, and adjusted EBITDA of $61.1 million, which was impacted by approximately $2.3 million in unanticipated fuel surcharges. Net loss improved to $105.2 million, while adjusted net income rose 87% to $12.2 million. Management highlighted a near-zero net debt position, $235 million in cash and marketable securities, and the acquisition of BrewDog, which contributed $51.1 million in fourth-quarter beverage revenue. The company also announced it will begin brewing and selling Carlsberg brands in the U.S. starting January 1, 2027, and outlined priorities of margin expansion, efficiency, and innovation for the coming year.
Tilray IncTilray guided for higher adjusted EBITDA in fiscal 2027 and reported record revenue and improved adjusted net income.
Carlsberg A/S BTilray will brew and sell Carlsberg brands in the U.S., expanding Carlsberg's distribution.