BIG ROCK BREWERY INC. ANNOUNCES SECOND QUARTER 2025 RESULTS AND A 45% INCREASE IN SECOND QUARTER SALES VOLUMES
Trailing twelve month sales volume growth of 39%
CALGARY, AB, Aug. 8, 2025 /CNW/ - Big Rock Brewery Inc. (TSX:BR) ("Big Rock" or the "Corporation") today announces its financial results for the three and six months ended June 30, 2025.
Financial Summary
For the three months ended June 30, 2025, compared to the three months ended June 30, 2024, the Corporation reported:
total sales volumes up 45.3% to 84,116 hl compared to 57,908 hl, driven by contract sales volumes that more than doubled and an increase of 20.2% in wholesale volumes;
net revenue increased by 34.2% to $16.6 million from $12.3 million on increased sales volumes;
gross margin increased to $5.2 million compared to $4.1 million;
operating income increased to $0.4 million, compared to an operating loss of $(0.7) million;
net income increased by $0.1 million to $0.3 million; and
Adjusted EBITDA increased by $0.8 million to $1.0 million. Adjusted EBITDA is a non-GAAP financial measure, see "Non-GAAP Measures".
For the six months ended June 30, 2025, compared to the six months ended June 30, 2024, the Corporation reported:
total sales volumes up 47.9% to 152,460 hl compared to 103,112 hl, driven by contract sales volumes that more than doubled and an increase of 10.6% in wholesale volumes;
net revenue increased by 32.7% to $27.8 million from $20.9 million because of increased co-packing sales volumes;
gross margin increased to $8.9 million compared to $5.9 million, an increase of 51%;
operating income increased to $0.5 million, compared to an operating loss of $(3.0) million;
net income increased to $0.2 million from a loss of $(2.9) million, an increase of $3.1 million; and
Adjusted EBITDA increased by $3.0 million to $1.7 million. Adjusted EBITDA is a non-GAAP financial measure, see "Non-GAAP Measures".
Summary of Results
$000, except hl and per share amounts
Three months ended
June 30
Six months ended
June 30
2025
2024
2025
2024
Sales volumes - wholesale (hl)
48,698
40,519
80,590
72,871
Sales volumes, contract (hl)
35,418
17,389
71,870
30,241
Total sales volumes (hl)
84,116
57,908
152,460
103,112
Gross product revenue
$ 20,470
$ 15,792
$ 34,673
$ 27,080
Net revenue
16,567
12,344
27,767
20,926
Cost of sales
11,402
8,218
18,893
