DR. PHONE FIX ACCELERATES NATIONAL EXPANSION, GROWS STORE COUNT TO 44 AND DELIVERS STRONG SAME-STORE PERFORMANCE

Executive Summary

• Dr. Phone Fix increased its retail footprint from 35 to 44 stores in the last 44 days of 2025, a 26% expansion driven by an acquisition and three organic openings.
• Average annualized revenue per store rose from roughly $320k to $350k (Oct‑Dec 2025), indicating improved same‑store economics.
• The company outlined a growth plan targeting ~70 corporately owned locations within the next 12 months through acquisitions and organic roll‑outs.

Key Details

• Store Count Growth: Added nine stores in Q4 2025 – six via acquisition of Geebo Device Repair Inc.’s assets (Atlantic Canada) and three organic openings (Alberta, Nova Scotia, Ontario).
• Same‑Store Revenue: Average annualized revenue per original 35 stores increased to approximately $350,000, up from $320,000 in the prior quarter.
• Expansion Strategy: Two pillars – (1) Operational excellence at each store (cost control, standardized processes, supplier scale, training); (2) Aggressive, disciplined expansion via strategic acquisitions and organic openings.
• Future Target: Aim to reach roughly 70 corporately owned stores within the next 12 months.
• Market Drivers: Strong consumer demand due to rising device replacement costs, higher reliance on mobile technology, and a shift toward repair/sustainability over replacement.

Notable Quotes

“This update reflects the strength of our operating model. We are expanding rapidly while simultaneously improving performance at the store level. That combination is exactly what we believe will drive long‑term shareholder value.” – Piyush Sawhney, Founder & CEO

“We believe the market opportunity remains highly fragmented and under‑consolidated. Our proven ability to integrate acquisitions, improve store‑level performance, and scale profitably gives us confidence in our path forward.” – Piyush Sawhney