EnWave reports higher Q1 revenue driven by machine sales and royalties

EnWave Corp (TSX-V:ENW, OTC:NWVCF, FRA:E4U) reported C$1.6 cardinal successful gross for the archetypal 4th ended December 31, 2025, up C$423,000 from the aforesaid play past year, driven by large-scale instrumentality income and higher royalty income.

Base royalties, excluding exclusivity payments, totaled C$500,000, an 18% summation from the anterior year, portion full royalty gross reached C$627,000, up 12% from Q1 2025.

The maturation successful royalties reflected further royalty partners, higher spouse production, merchandise sales, and exclusivity payments.

Gross borderline for the 4th was 37%, compared with 29% successful Q1 2025, reflecting higher royalty contributions and the accumulation premix of ample machines astatine assorted stages of commissioning and fabrication.

EnWave reported an adjusted EBITDA nonaccomplishment of C$585,000 for Q1 2026, an betterment of C$50,000 from the aforesaid play successful 2025.

During the 4th and subsequently, EnWave signed commercialized licence agreements with respective partners, including the Gowen Gumlu Grower’s Association successful North Queensland, Australia, Shinyway International Limited successful New Zealand, and a US snack company, which besides entered an instrumentality acquisition statement for a 10kW REV™ machine.