Business
CareRx Reports 2025 Year-End and Fourth Quarter Results
Toronto, Ontario--(Newsfile Corp. - March 4, 2026) - CareRx Corporation (TSX: CRRX) (" CareR...
About this update from Carerx Corporation
[{"type":"text","content":"CareRx Reports 2025 Year-End and Fourth Quarter ResultsToronto, Ontario--(Newsfile Corp. - March 4, 2026) - CareRx Corporation (TSX: CRRX) (\"CareRx\" or the \"Company\"), Canada's leading provider of pharmacy services to seniors living and other congregate care communities, today reported its financial results for the fourth quarter and full year ended December 31, 2025.Highlights for the Year and Fourth Quarter of 2025 Average Beds Serviced1 in the fourth quarter of 2025 increased to 92,250, from 87,658 in the fourth quarter of 2024.Revenue increased to $370.2 million for the year (2024 - $366.7 million) and $96.1 million for the fourth quarter of 2025 (Q4 2024 - $92.2 million).Adjusted EBITDA1increased to $32.9 million for the year and $8.8 million for the fourth quarter of 2025, compared to $30.3 million in 2024 and $7.6 million in the fourth quarter of 2024.Adjusted EBITDA Margin1increased to 8.9% for the year and 9.2% for the fourth quarter of 2025, compared to 8.3% in 2024 and 8.2% in the fourth quarter of 2024.Cash from Operations was $9.6 for the fourth quarter of 2025, compared to $10.1 million in the prior quarter and $8.4 million in the fourth quarter of 2024. \"Our results in the fourth quarter and this year demonstrate the momentum we are driving through disciplined execution and best-in-class operational processes,\" said Puneet Khanna, President and Chief Executive Officer of CareRx. \"Our full-year performance reflects the significant progress we delivered across the business, including notable year-over-year growth in Adjusted EBITDA, improved EBITDA Margins, robust cash flow from operations and our first full year of positive net income. We further strengthened our balance sheet, bringing Net Debt to Adjusted EBITDA to its lowest level since becoming CareRx, and expanded our platform with more than 4,500 additional beds. This strong performance, combined with our ability to scale efficiently, positions us to capture significant growth, including as our home operator partners execute on their expansion plans.\"Notable Events for the 2025 YearAverage Beds Serviced1 as at year-end increased by 4,592 beds compared to December 31, 2024.The Company commenced paying a dividend in the third quarter of 2025 and announced cash dividends of $0.02 per common share on each of September 15, 2025, and December 15, ...