Sndl Inc. ( (SNDL) ) has released its Q2 earnings. Here is a breakdown of the information Sndl Inc. presented to its investors.
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SNDL Inc. is a leading vertically integrated cannabis company and the largest private-sector liquor and cannabis retailer in Canada, known for its diverse portfolio of consumer-facing cannabis brands and strategic investments in the North American cannabis industry.
In its second quarter of 2025, SNDL Inc. reported a positive operating income, marking a significant milestone in the company’s history. The quarter was highlighted by a 7.3% increase in net revenue, reaching $244.8 million, driven by robust growth in the cannabis and liquor retail segments.
Key financial metrics for the quarter included a gross profit of $67.6 million, a 16.2% increase from the previous year, and a gross margin of 27.6%. The company’s cannabis business saw a 17.4% growth, significantly outpacing the Canadian recreational market, while the liquor retail segment achieved a 2.7% same-store sales growth. Despite a negative cash flow of $12.6 million, the company maintained a strong balance sheet with $208.2 million in unrestricted cash.
Strategically, SNDL advanced several initiatives, including the acquisition of 32 cannabis retail stores and the launch of the Rise Rewards loyalty program. The company also approved investments to expand its retail footprint and initiated a strategic review to align with future market opportunities.
Looking ahead, SNDL’s management remains optimistic about sustaining its growth trajectory and delivering long-term value to shareholders, supported by its strong financial position and strategic initiatives aimed at becoming a global cannabis leader.