Pet Valu Holdings Ltd. · TSX:PET
Pet Valu — Q4 2025 Earnings Presentation
15 slides from Pet Valu's earnings presentation, Mar 3, 2026
Slide 1: Q4 2025 Financial & Operating Review
Q4 2025 Financial & Operating Review For 14-week period ended Jan. 3, 2026
Slide 2: Today's Presenters
Today’s Presenters Greg Ramier Linda Drysdale Chief Executive Officer Chief Financial Officer This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada
Slide 3: Disclaimer
Disclaimer Forward-Looking Information This presentation contains forward-looking information. Forward-looking information is provided as of the date of this presentation and is based on management’s opinions, estimates and assumptions in light of its experience and perception of historical trends,
Slide 4: Q4 2025 Highlights
Q4 2025 Highlights $326M 14 Revenue New Store Openings (+11% vs. Q4 2024) (40 in Fiscal 2025) $75M 59 Adjusted EBITDA Renovations, Expansions, Relocations (23% Adjusted EBITDA margin) (150 in Fiscal 2025) $0.49 $121M Adj. Net Income per Diluted Share Cash returned to Shareholders ($29 million Net In
Slide 5: Our Key Focuses
Our Key Focuses Local & Everywhere Best Pet Customer Strong Wholesale & Pet Specialty Retailer Experience in Canada Retail Fundamentals • Opening new stores across Canada • Offering compassionate, expert • Driving efficiencies and in-store customer service productivity in our supply chain • Continua
Slide 6: Q4 2025 Key Financial Metrics
Q4 2025 Key Financial Metrics Q4 2025 vs. PY2 Drivers System-wide sales (“SWS”) $423.7 +9.2% • 40 new stores in last 12 months (“LTM”) and extra week Same-store sales growth +0.3% --- • Basket1 +0.5% and Traffic1 (0.2)% Revenue $326.4 +10.6% • Higher SWS, increased wholesale penetration and extra we
Slide 7: Q4 2025 Key Financial Metrics
Q4 2025 Key Financial Metrics Liquidity Net Leverage Ratio1 $186M 2.2x cash + revolver capacity vs. 2.4x in Q3 2025 Inventory Net Capital Expenditures $131M $8M +5% vs. Q4 2024 $39M in Fiscal 2025 Free Cash Flow (“FCF”) Dividends + Buybacks $37M $18M 40% FCF conversion2 $121M in Fiscal 2025 1Net Lev
Slide 8: 2026 Outlook
2026 Outlook1 +2% to +4% Revenue growth …supported by… Flat to +2% Same-Store Sales Growth ~40 New store openings Flat to slight expansion Adjusted EBITDA margin Adjusted Net Income per Mid to high single-digits Diluted Share growth ~$35M2 Business reinvestment 1 Expressed on a 52-week comparable ba
Slide 9: Our Mission
Our Misson To be Canada’s preferred pet retailer delivering the products, care, expertise, and memorable moments that devoted pet lovers want… locally in stores and everywhere online. This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted o
Slide 10: Appendix
Appendix This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada Inc. © 2026 Pet Valu Canada Inc. 10
Slide 11: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Quarters Ended Jan. 3, 2026 Dec. 28, 2024 (14 weeks) (13 weeks) Net income $29,366 $28,905 (1) Represents (i) discrete, project-based implementation costs associated with new information technology systems and discrete Software-as-a-Service (“SaaS”) arrangements for
Slide 12: Reconciliation of Adjusted Net Income
Reconciliation of Adjusted Net Income Quarters Ended Jan. 3, 2026 Dec. 28, 2024 (14 weeks) (13 weeks) Net income $29,366 $28,905 (1) Represents (i) discrete, project-based implementation costs associated with new information technology systems and discrete SaaS arrangements for transformational init
Slide 13: Reconciliation of Net Capital Expenditures
Reconciliation of Net Capital Expenditures Quarters Ended Years Ended Jan. 3, 2026 Dec. 28, 2024 Jan. 3, 2026 Dec. 28, 2024 (14 weeks) (13 weeks) (53 weeks) (52 weeks) Purchases of property and equipment $(14,740) $(17,473) $(54,530) $(60,612) Purchases of intangible assets (957) (603) (2,188) (2,12
Slide 14: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow Quarters Ended Jan. 3, 2026 Dec. 28, 2024 (14 weeks) (13 weeks) Cash provided by operating activities $67,354 $67,737 Cash used in investing activities 2,208 (5,125) Tenant allowances 769 1,226 Repayment of principal on lease liabilities (26,459) (16,790) Interest pa
Slide 15: Thank You
Thank You Contact Us: investors@petvalu.ca (289) 806-4559 This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada Inc. © 2026 Pet Valu Canada Inc.