Canada, AB: Big Rock Brewery announces first quarter results

Big Rock Brewery Inc. on May 14 announced its financial results for the three months ended March 31, 2025 .

For the three months ended March 31, 2025 , compared to the three months ended March 31, 2024 , the company reported:

• total sales volumes up 51.2% to 68,344 hl compared to 45,204 hl, driven by contract sales volumes that more than doubled and consistent wholesale volumes;
• net revenue increased by 30.5% to C$11.2 million from C$8.6 million because of increased co-packing sales volumes;
• gross margin increased to 33.1% compared to 20.2%;
• operating income increased to C$0.1 million , compared to an operating loss of C$(2.3) million ;
• net loss decreased by C$(3.1) million to C$nil; and
• Adjusted EBITDA increased by C$2.2 million to $0.7 million.

Sales volumes increased by 51.2% compared the first quarter of 2024 and a 9.2% increase compared to the fourth quarter of 2024. More importantly, our adjusted EBITDA was a positive $0.7 million , which represents a $2.2 million improvement from the first quarter loss of $1.5 million incurred in 2024.

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