Above Food Ingredients shares jump 16.26% after-hours after raising FY2026 profit outlook to over $40M.

Above Food Ingredients Inc. (NASDAQ:ABVE) surged 16.26% in after-hours trading following the announcement that it raised its FY2026 profit outlook to over $40 million from $30 million. The company attributed the improved guidance to operational restructuring and the elimination of all corporate debt, positioning it for sustainable growth. Management also provided updates on its delayed FY2025 audit, including the appointment of a new auditor with expertise in digital asset tokenization and a revised timeline for filing Form 20-F. These developments, combined with prior debt reduction and restructuring progress, reinforced investor confidence in the company’s financial health and strategic direction.