EDMONTON, AB – November 27, 2025 (CNW) – Dr. Phone Fix Canada Corporation (TSXV: DPF.V) (“Dr. Phone Fix” or the “Company”) today announced its financial results for the three- and nine-month periods ended September 30, 2025, and provided an update on recent corporate developments. The Company currently operates a network of 35 corporately owned retail locations across four Canadian provinces.
“Q3 delivered strong same-store sales growth, stable margins, and a meaningful improvement in positive EBITDA, supported by continued operational discipline and expanding national partnerships,” said Piyush Sawhney, Chief Executive Officer of Dr. Phone Fix. “Year-to-date Adjusted EBITDA reached $0.7 million, representing an increase of more than 1,000%, underscoring the scalability and strength of our operating model.”
Mr. Sawhney added, “Looking ahead, our growth strategy combines disciplined new store openings with targeted M&A to accelerate scale efficiently. We currently operate 35 corporately owned locations. With the expected closing of our acquisition of substantially all of the assets of Geebo Device Repair Inc. in the coming days, our network will expand to 41 stores nationwide. We also remain on track to open four additional locations before the end of 2025, bringing our total to 45 operating stores by year-end. Our strategy continues to focus on acquiring high-quality operators, strengthening procurement and refurbishment capabilities, expanding access to insurer and OEM programs, and leveraging our proven operating playbook to drive unit-level cash generation. Collectively, these initiatives are designed to scale our footprint efficiently, expand national coverage, and enhance long-term profitability.”
Q3 2025 Financial Highlights
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Revenue increased 14% to $3.27 million, compared with $2.87 million in Q3 2024, driven primarily by strong same-store sales growth.
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Gross profit rose 9% to $1.75 million, with a gross margin of 53.5%, reflecting normal certified pre-owned mix variability and higher demand for premium devices.
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Operating expenses declined 3%, despite the addition of a new store and increased corporate activity.
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Adjusted EBITDA increased 181% to $0.42 million, up from $0.15 million in Q3 2024, driven by higher gross profit and reduced salaries and benefits.
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Cash balance totaled $0.77 million at quarter-end, supported by improved working capital management and the March private placement.
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