Colabor Group Reports Results for the Second Quarter 2025
SAINT-BRUNO-DE-MONTARVILLE, Quebec, July 24, 2025 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX:GCL) ("Colabor" or the "Company") reports its results for the second quarter ended June 14, 2025.
Second Quarter 2025 Financial Highlights:
Sales increased by 5.1% to $169.5 million, compared to $161.3 million for the corresponding period of 2024;
Net loss from continuing operations was $2.3 million, compared to net earnings of $1.7 million for the corresponding period of 2024;
Adjusted EBITDA(1) decreased to $5.4 million from $9.7 million for the corresponding period of 2024, with an adjusted EBITDA(1) margin to 3.2% of sales, compared to 6.0% of sales during the corresponding period of 2024;
Cash flow from operating activities decreased to $4.5 million compared to $5.0 million for the second quarter of 2024;
Net debt(2) increased to $97.3 million, compared to $47.8 million as at December 28, 2024; and
On June 3, 2025, the Company acquired the food distribution assets of Alimplus Inc. and all of the shares of its subsidiary Tout-Prêt Inc. (the "Acquisition"), concurrently concluded the amendment and restatement of the secured credit facility and extension of the subordinated debt and entered into a new $15.0 million highly subordinated debt agreement.
Recent Event:
On July 21, 2025, the Company announced that it identified a cybersecurity incident on July 20, 2025 that has impacted its internal IT systems. Refer to section 2.1 in MD&A for more information.
Table of Second Quarter 2025 Financial Highlights:
Financial highlights
12 weeks
24 weeks
(in thousands of dollars, except percentages, per share data and financial leverage ratio)
2025
2024
2025
2024
$
$
$
$
Sales from continuing operations
169,482
161,278
301,184
292,478
Adjusted EBITDA(1)
5,358
9,718
7,636
14,600
Adjusted EBITDA(1) margin (%)
3.2
6.0
2.5
5.0
Net (loss) earnings from continuing operations
(2,277
)
1,679
(6,299
)
(97
)
Net (loss) earnings
(2,277
)
1,659
(6,299
)
(117
)
Per share - basic and diluted ($)
(0.02
)
0.02
(0.06
)
—
Cash flow from operating activities
4,538
4,978
10,699
16,723
Financial position
As at