Operator

Welcome to the GURU Organic Energy Second Quarter 2026 Results Conference Call and Webcast being recorded today, June 11, 2026 at 11 a.m. Eastern Time. [Operator Instructions].

GURU's press release, MD&A, financial statements are available in the Investors section of its website and on SEDAR+. During the call, the company may refer to certain non-GAAP measures. Reconciliations are available in its MD&A.

Also note that all financial figures are expressed in Canadian dollars unless otherwise indicated. I would like to remind you that today's presentation may contain forward-looking statements about GURU's current and future plans, expectations, intentions, results, level of activities, performance, goals, achievements or other future events or developments. Please take a moment to read the disclaimer on forward-looking statements on Slide 2 of the presentation.

I will now turn the call over to Carl Goyette, GURU's Chief Financial Officer (sic) [ Chief Executive officer ].

Carl Goyette
President, CEO & Director

Thank you, operator. [Foreign Language]. Good morning, everyone, and welcome to GURU's Fiscal 2026 Second Quarter Results Conference Call. Joining me this morning is our CFO, Ingy Sarraf.

Let's turn to Slide 5. Since establishing our direct distribution model in Canada, we have invested in how we show up at shelf, how we price and how we build the brand. That took time. Q2 is where that time has paid off. Net revenue grew 31.6%. Canada sales grew 46.8%. Gross margin expanded by nearly 4 percentage points.

And on a trailing 12-month