EDMONTON, AB, Aug. 28, 2025 /CNW/ – Dr. Phone Fix Canada Corporation (TSXV: DPF.V) (“Dr. Phone Fix” or the “Company”) is pleased to report strong financial results for the three and six months ended June 30, 2025. The Company continues to build momentum, with revenue increasing 13% year-over-year, a gross margin of 55%, up from 51.9% in 2024, and Adjusted EBITDA rising 506% compared to the same period last year.
In addition, Dr. Phone Fix announced a new national repair agreement with Likewize Corp. (“Likewize”) and an expanded strategic partnership with Assurant, Inc. (“Assurant”), further strengthening its national footprint.
“Q2 demonstrated healthy top-line growth, strong margin performance, and a return to positive Adjusted EBITDA, while advancing national partnerships that enhance our reach and credibility with insurers and OEM programs,” said Piyush Sawhney, Chief Executive Officer of Dr. Phone Fix. “We remain focused on disciplined execution, driving same-store sales growth, expanding our certified pre-owned segment, and leveraging partnerships with insurance providers and OEMs to achieve sustainable, profitable growth. Our goal is to consistently deliver reliable service that keeps customers within our ecosystem. For the second half of 2025, we anticipate gross margins to remain robust as procurement scale, CPO mix, and insurer/OEM program volumes grow. Coupled with ongoing cost discipline, we expect Adjusted EBITDA to improve further.”
Mr. Sawhney added, “Looking ahead, our growth strategy combines measured new store openings with a disciplined M&A approach to accelerate scale. We aim to target high-quality operators in under-served markets, emphasizing cultural fit and strong unit economics. Post-acquisition, we plan to enhance value through centralized procurement, inventory and refurbishment capabilities, insurance and OEM program access, shared marketing, and our proven operating model. Collectively, this approach will expand our footprint efficiently, deepen national coverage, and improve unit-level cash generation over time.”
Summary of Quarterly Results
The table below presents unaudited financial results for 2025 and audited results for 2024, comparing the three- and six-month periods ended June 30, 2025, with the corresponding periods in 2024.
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