BIG ROCK BREWERY INC. ANNOUNCES THIRD QUARTER 2025 RESULTS AND A 36% INCREASE IN THIRD QUARTER SALES VOLUMES – Trailing twelve-month sales volume growth of 42%

CALGARY, AB, Nov. 7, 2025 /CNW/ – Big Rock Brewery Inc. (TSX:BR) (“Big Rock” or the “Corporation”) today announces its financial results for the three and nine months ended September 30, 2025.  

Financial Summary

For the three months ended September 30, 2025, compared to the three months ended September 30, 2024, the Corporation reported:

total sales volumes up 35.8% to 89,572 hl compared to 65,982 hl, driven by a 67.3% increase in contract sales volumes and a 17.4% increase in wholesale volumes;
net revenue increased by 27.4% to $16.3 million from $12.8 million due to increased volumes;
gross margin increased to $4.8 million compared to $3.9 million;
operating income was $0.2 million, which is an increase of $0.5 million, compared to an operating loss of $(0.3) million;
net loss decreased by $0.8 million to a $(0.1) million loss; and
Adjusted EBITDA increased by $0.5 million to $0.7 million. Adjusted EBITDA is a non-GAAP financial measure, see “Non-GAAP Measures”.

For the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, the Corporation reported:

total sales volumes up 42.3% to 242,032 hl compared to 170,094 hl, driven by contract volumes that more than doubled and a wholesale volumes increase of 12.1%;
net revenue increased by 30.7% to $44.0 million from $33.7 million due to increased volumes;
gross margin increased to $13.7 million compared to $9.8 million;
operating income increased to $0.6 million, compared to an operating loss of $(3.3) million;
net income increased to $0.1 million from a loss of $(3.8) million, an increase of $3.9 million; and
Adjusted EBITDA increased by $3.6 million to $2.4 million.

Summary of Results

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