DR. PHONE FIX ANNOUNCES POSITIVE Q2 2025 FINANCIAL RESULTS AND NEW AND EXPANDING STRATEGIC PARTNERSHIPS
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EDMONTON, AB, Aug. 28, 2025 /CNW/ - Dr. Phone Fix Canada Corporation (TSXV:DPF) ("Dr. Phone Fix" or the "Company") is pleased to announce positive financial results for the three and six months ended June 30, 2025. The Company continues its growth momentum with revenue up 13% from 2024, gross margin sitting at 55%, compared to 51.9% in 2024, and Adjusted EBITDA up 506% from 2024. In addition, Dr. Phone Fix is announcing that it has entered into a new national repair agreement with Likewize Corp. ("Likewize") and an expanded strategic partnership with Assurant, Inc. ("Assurant").
"Q2 showcased healthy top-line growth, margin strength and a return to positive Adjusted EBITDA, while we advanced national partnerships that expand our reach and credibility with insurers and OEM programs," said Piyush Sawhney, Chief Executive Officer of Dr. Phone Fix. "We're focused on disciplined execution, growing same-store sales, scaling our certified pre-owned sector, leveraging partnerships with insurance companies and OEM's to drive durable, profitable growth, and delivering consistent, reliable service that keeps customers in our ecosystem. For the second half of 2025, we expect gross margin to remain strong as procurement scale, CPO mix, and insurer/OEM program volumes increase. Combined with ongoing cost discipline, we also expect Adjusted EBITDA to improve in the second half of 2025."
Mr. Sawhney continued, by stating "looking ahead, our growth playbook combines measured new store openings with a disciplined M&A strategy to accelerate scale. Our strategy is to target high-quality operators in markets where we lack coverage today, prioritizing cultural fit and strong unit economics. Post-acquisitions, we plan to drive additional value through centralized procurement, inventory and refurbishment capabilities, insurance and OEM program access, shared marketing, and our proven operating playbook. Taken together, we believe this approach will expand our footprint efficiently, deepen our national coverage, and enhance cash generation, at the unit level, over time."
SUMMARY OF QUARTERLY RESULTS
The following table sets forth unaudited (2025) and audited (2024) financial information comparing the three and six-month periods ended June 2025 to the three and six-month periods ended June 2024.
Financial Results Summary (CAD)
Three Months Ended June 30, 2025 ($000)
Three Months Ended June 30, 2024 ($000)
Variance (%)
Six Months Ended June 30, 2025 ($000)
Six Months Ended June 30, 2024 ($000)
Variance (%)
Revenue
2,857
2,525
+13 %
5,054
4,712
+7 %
Gross Profit
1,570
1,310
+20 %
2,781
2,478
+12 %
Gross Margin
55.0 %
51.9 %
+3.1 %
55.0 %
52.6 %
+2.4 %
Operating Expenses (SG&A)
2,376
1,893
+26 %
4,130
3,722
+11 %
Adjusted EBITDA(1)
280
(69)
+506 %
282
(222)
+227 %
Cash & Equivalents
761
346
120 %
