DR. PHONE FIX REPORTS Q3 2025 RESULTS AND CONTINUED NATIONAL EXPANSION MOMENTUM

Executive Summary

• Q3 2025 revenue rose 14% YoY to CAD $3.27 M and Adjusted EBITDA surged 181% to CAD $0.42 M, with year‑to‑date Adjusted EBITDA reaching CAD $0.70 M.
• The company completed an oversubscribed non‑brokered private placement raising CAD $2.57 M in two tranches to fund acquisitions and store expansion.
• A definitive agreement was signed to acquire Geebo Device Repair Inc., adding six stores in Nova Scotia and expanding the footprint to Atlantic Canada; closing expected within days.

Key Details

• Financial Results (Q3 2025 vs Q3 2024)
• Revenue: CAD $3,265 k (+14%)
• Gross Profit: CAD $1,747 k (+9%)
• Gross Margin: 53.5% (‑2.2 pts)
• SG&A Expenses: CAD $1,925 k (‑3%)
• Adjusted EBITDA: CAD $418 k (+181%)
• Year‑to‑Date (YTD) Highlights
• Revenue: CAD $8,319 k (+10%)
• Gross Profit: CAD $4,528 k (+11%)
• Gross Margin: 54.4% (↑0.6 pts)
• SG&A Expenses: CAD $6,055 k (+6%) – excluding share‑based comp, expenses down ≈ CAD $200 k YoY
• Adjusted EBITDA: CAD $700 k (from a loss of CAD $(72) k YTD prior year)
• Cash Position – Cash & equivalents increased to CAD $772 k (+44%) supported by the private placement.
• Financing – Completed an oversubscribed non‑brokered private placement raising CAD $2.57 M in two tranches; proceeds earmarked for acquisitions, new store leases, and partnership investments.
• Acquisition – Definitive agreement to acquire substantially all assets of Geebo Device Repair Inc., a six‑store chain in Nova Scotia; expected closing “over the coming days.” Post‑closing footprint will rise from 35 to 41 stores, with plans for four additional openings by year‑end (total 45).
• Store Expansion – Two new lease agreements signed (Alberta & Ontario) with openings scheduled in the next few months.
• Partnerships – Expanded Assurant partnership (July 2025); exclusive agreement with Alberta Motor Association providing discounted services to 1 M+ members.
• Recognition – Named Canada’s “Sustainable Business of the Year.” Over 30,000 online reviews and a 4.9‑star rating across the network.

Notable Quotes

“Year‑to‑date Adjusted EBITDA has reached $0.7 million, an improvement of more than 1,000%, highlighting the strength of our operating model as we scale.” – Piyush Sawhney, CEO

“Our growth playbook combines measured new store openings with a disciplined M&A strategy to accelerate scale… expanding our footprint efficiently, deepening national coverage, and enhancing long‑term profitability.” – Piyesh Sawhney, CEO