RUM Reports Q3 Financial Results for the Period Ended September 30, 2025

Executive Summary

• Rocky Mountain Liquor Inc. reported improved gross margins and a significant increase in adjusted EBITDA for both the quarter and year‑to‑date periods ending September 30, 2025.
• Operating and administrative expenses fell year over year due to store closures, sales of select locations, and the absence of POS implementation costs.
• Sales declined modestly because store count dropped from 24 to 22 and a key location was temporarily closed for repairs.

Key Details

• Adjusted EBITDA: Q3 2025 = $582,514 (up from $343,347 in Q3 2024); nine‑month 2025 = $702,862 (up from $165,914 in the prior year).
• Gross Margin: Improved for both three‑month and nine‑month periods versus the same periods in 2024 (exact percentages not disclosed).
• Operating/Administrative Expenses: Decreased YoY driven by:
• Closure and sale of select store locations reducing occupancy and wage costs.
• No point‑of‑sale implementation expenses incurred in 2025 after project completion in 2024.
• Strategic staffing adjustments lowering salary expense.
• Store Count: Reduced from 24 to 22 stores; one location closed for over two weeks in August for building repairs, contributing to sales decline.
• Sales Performance: Declined for both periods due primarily to reduced store count and temporary closure; remaining stores showed steady performance supported by favorable weather, fewer road disruptions, and a stable competitive environment.
• Outlook: Management remains focused on operational efficiency, profitability, and customer loyalty initiatives amid macro‑economic headwinds (inflation, interest‑rate volatility, trade policy uncertainty).

Notable Quotes

• Peter Byrne, Executive Chairman & CEO: “While consumer spending has held up, we continue to monitor inflation, interest‑rate volatility, and trade policy uncertainty. Our focus remains on maintaining financial flexibility and enhancing customer engagement to support long‑term resilience and growth in Alberta’s retail market.”

All figures are unaudited and presented in Canadian dollars.