Greystone Logistics FY26 net loss widens to $(8.24 million); sales drop 52% to $27.54 million

• Greystone Logistics posted a net loss of $(8.24) million, or $(0.30) per share, for fiscal 2026, swinging from profit a year earlier.
• Sales fell 52% to $27.54 million, on an approximately 60%-65% demand drop from two major customers.
• Cost of sales rose to 106% of sales, up 23 percentage points, as lower production hit absorption of inflexible manufacturing costs.
• SGA expenses edged down 6.59% to $6.05 million, with tighter controls implemented after the loss of a major customer.
• Working capital deficit totaled $(7.86) million; lenders granted interest-only payments on certain debt through Dec. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greystone Logistics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-029307), on August 31, 2026, and is solely responsible for the information contained therein.