Northwire Canada EditionSaturday, July 11, 2026
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Earnings

BIG ROCK BREWERY INC. ANNOUNCES THIRD QUARTER 2025 RESULTS AND A 36% INCREASE IN THIRD QUARTER SALES VOLUMES - Trailing twelve-month sales volume growth of 42%

By The Northwire Desk — AI Analysis Nov 07, 2025 · 07:00 BR · 1.01 BIG ROCK BREWERY INC.
BR · Price

Executive Summary

  • Big Rock Brewery reported a 35.8% increase in Q3 sales volumes to 89,572 hl and a 27.4% rise in net revenue to $16.3 M versus the prior year.
  • Adjusted EBITDA turned positive at $0.7 M (up $0.5 M YoY) and operating income improved to $0.2 M from an operating loss of $(0.3) M.
  • Year‑to‑date (nine months) sales volumes were up 42.3% to 242,032 hl, net revenue rose 30.7% to $44.0 M, and the company posted a small net profit of $0.1 M versus a loss of $(3.8) M in Q3‑2024.

Key Details

  • Sales Volumes (Q3 2025):
  • Wholesale: 48,945 hl (+17.4%)
  • Contract: 40,627 hl (+67.3%)

  • Total: 89,572 hl vs. 65,982 hl in Q3‑2024

  • Sales Volumes (9M 2025):

  • Wholesale: 129,535 hl (+12.1%)
  • Contract: 112,497 hl (+106%)

  • Total: 242,032 hl vs. 170,094 hl in 9M‑2024

  • Financial Highlights – Q3 2025:

  • Net revenue: $16.274 M (↑27.4% YoY)
  • Gross margin: $4.8 M (up from $3.9 M)
  • Operating income: $0.154 M (vs. operating loss of $(0.347) M)
  • Net loss: $(0.098) M (improved by $0.84 M YoY)

  • Adjusted EBITDA: $0.744 M (↑$0.463 M YoY)

  • Financial Highlights – 9M 2025:

  • Net revenue: $44.041 M (↑30.7% YoY)
  • Gross margin: $13.7 M (up from $9.8 M)
  • Operating income: $0.649 M (vs. operating loss of $(3.313) M)
  • Net income: $0.134 M (vs. loss of $(3.791) M)

  • Adjusted EBITDA: $2.399 M (↑$3.561 M YoY)

  • Per‑Share Results – Q3 2025:

  • Basic EPS: $(0.00) (previously $(0.13))

  • Diluted EPS: $(0.00) (previously $(0.13))

  • Per‑Share Results – 9M 2025:

  • Basic EPS: $0.01 (vs. $(0.54) prior year)

  • Diluted EPS: $0.01 (vs. $(0.51) prior year)

  • Management Commentary: CEO David Kinder highlighted “continued sales volumes growth quarter over quarter” and the positive impact of the branding & portfolio refresh, noting the successful return of the Barn Burner event as a community‑building highlight.

  • Additional Information: Full unaudited interim consolidated financial statements and MD&A for the three‑ and nine‑month periods are available on the company website and SEDAR+.

Notable Quotes

“I am pleased to report continued sales volumes growth quarter over quarter, and exceptional results within our wholesale and contract businesses… These results demonstrate clear benefits as we continue to deploy our strategic plan.” – David Kinder, President & CEO

“The positive response to our branding & portfolio refresh, along with the overall growth in our wholesale business outpacing the industry, are also really encouraging.” – David Kinder, President & CEO

Read the original news release →

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Earnings