Business
RUM Reports Q2 Financial Results for the Period Ended June 30, 2025
EDMONTON, AB / ACCESS Newswire / August 12, 2025 / Rocky Mountain Liquor Inc. (TSX-V: RUM ) (t...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"RUM Reports Q2 Financial Results for the Period Ended June 30, 2025EDMONTON, AB / ACCESS Newswire / August 12, 2025 / Rocky Mountain Liquor Inc. (TSX-V:RUM) (the \"Company\" or \"Rocky Mountain\"), listed on the TSX Venture Exchange (the \"Exchange\"), today reported its financial results for the three and six months ended June 30, 2025.KEY OPERATING AND FINANCIAL HIGHLIGHTS 3 months ended 6 months ended June 2025 June 2024 June 2025 June 2024 Sales $10,439,219 $10,183,261 $18,483,123 $18,628,655 Gross margin (1) 23.2% 23.0% 23.0% 22.9%Operating and administrative expenses $1,734,877 $1,845,264 $3,448,710 $3,739,519 Net comprehensive income (loss) $174,272 $(171,500) $(155,822) $(537,081)Adjusted EBITDA(1) $357,592 $148,042 $120,348 $(177,433)Sales for the second quarter increased compared to the same period in 2024, despite a reduction in the Company's store count from 24 to 22. This growth reflects improved per-store performance and the successful launch of the Company's chain-wide loyalty program, which has strengthened customer engagement. For the six-month period, sales were slightly lower year-over-year, reflecting the reduced store base, and external factors that negatively impacted sales in 2024 such as adverse weather, road closures, and heightened competition were less significant in 2025.Gross margins improved in both the three and six-month periods ended June 30, 2025, supported by disciplined inventory management and strategic use of limited time offers.Operating and administrative expenses declined year-over-year for both the quarter and year-to-date, driven by store closures that reduced occupancy and wage-related costs, lower salary expenses from strategic staffing adjustments, and a reduction in professional fees. In addition, no costs related to the implementation of the Company's point-of-sale system were incurred in the current year, as the rollout was completed in 2024.Adjusted EBITDA improved significantly, rising to $357,592 for Q2 2025 from $148,042 in Q2 2024. For the six-month period, Adjusted EBITDA turned positive at $120,348, compared to a loss of $(177,433) in the prior year. This turnaround was driven by improved gross margins and lower operating and administrative expenses.Net comprehensive income for Q2 2025 was $174,272, marking a return to profitability from seasonal softness in Q1.Looking ahea...