Record Revenue and Growth
K-Bro Linen Systems reported record results for Q3 2025 with revenue of $156 million and adjusted EBITDA of $33.5 million, marking the sixth consecutive quarter of record results. Consolidated revenue increased by 49% compared to Q3 2024.
Stellar Mayan Acquisition Impact
The acquisition of Stellar Mayan has enabled K-Bro to establish a national footprint in the U.K. commercial laundry and textile rental sector, enhancing revenue diversification. This acquisition contributed to healthcare revenue increasing by 67% and hospitality revenue by 34%.
Financial Performance and Strong Balance Sheet
Consolidated adjusted EBITDA increased by 45.9% to $33.5 million. The company has a strong balance sheet with ample undrawn capacity on its syndicated revolving credit facility, resulting in a debt-to-EBITDA ratio of about 2.7x.
Expansion Opportunities
K-Bro's U.K. division is well-positioned for future growth with strategic national presence and scale. The company is optimistic about medium-term growth in the U.K. healthcare and hospitality sectors.
Sustainability and Board Appointment
K-Bro is committed to sustainable growth and plans to publish its third annual sustainability report. The company also announced the appointment of the Honorable Rona Ambrose to its Board of Directors.