Business
Canlan Sports Reports Record $100 Million in Revenue and 14% Growth in Operating Earnings for 2025
Burnaby, British Columbia--(Newsfile Corp. - March 24, 2026) - Canlan Ice Sports Corp. (TSX: ICE)...
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"Canlan Sports Reports Record $100 Million in Revenue and 14% Growth in Operating Earnings for 2025Burnaby, British Columbia--(Newsfile Corp. - March 24, 2026) - Canlan Ice Sports Corp. (TSX: ICE) (the \"Corporation\", \"Canlan\" or \"Canlan Sports\") today reported its financial results for the year ended December 31, 2025.Overview of Year Ended December 31, 2025Total operating revenue reached a milestone level of $100 million, increasing by $6 million or 6.4% compared to prior year;Net earnings of $3.9 million or $0.29 per share increased by 37.9% compared to $2.8 million or $0.21 per share in 2024;Food and beverage revenue increased by $1.1 million or 8.4% compared to 2024;Total operating earnings of $15.7 million increased by $2.0 million or 14.3% compared to 2024; andTwo special dividend distributions were paid during the year totaling $1.00 per share.\"We are proud to report that consolidated revenue for fiscal 2025 surpassed the $100.0 million mark, a significant milestone for Canlan Sports and a reflection of our team's commitment to delivering exceptional recreational experiences in every community we serve,\" said Joey St-Aubin, President and CEO of Canlan Sports. \"Despite ongoing cost pressures, we achieved 14% growth in operating earnings while continuing to invest in facility upgrades and maintenance that enhance the customer experience and support the long-term strength of our assets. We also made meaningful progress in our Illinois operations with the acquisition of a hockey club in Romeoville, the addition of new leadership in West Dundee, and continued improvement in our multi-sport facilities in Lake Barrington and Libertyville.\"\"Throughout 2025, we continued to invest in capital upgrades that improve operational efficiency and support the long-term performance of our facilities,\" said Ivan Wu, CFO of the Company. \"These investments include the modernization of legacy equipment and technologies, as well as the expansion of our Game Deck pilot at Canlan Sports York to include amusement games alongside sports simulators, enhancing the recreational experience during tournaments and special events. In addition, the Company distributed to shareholders two special dividend declarations of $0.50 per share each during 2025.\"Fourth Quarter and Annual ResultsFor the 3 months ended December 31For the year ended Decem...