BMTC GROUP INC. ANNOUNCES FINANCIAL RESULTS FOR THE NINE MONTH ENDED OCTOBER 31st, 2025

MONTRÉAL, Dec. 11, 2025 /CNW/ –

Results 

For the nine-month period ended October 31, 2025, the Company’s revenues increased by $24,405,000 to $474,724,000 compared to $450,319,000 recorded for the corresponding period of 2024, an increase of 5.4%. This increase is primarily attributable to the growth in commercial revenue from the Tanguay division, whose revenue rose by $27,739,000 or 6.2%. Same-store sales also increased by 6.4% during the period. In contrast, investment property revenue from the real estate division declined by ($3,334,000) compared to the corresponding period of 2024, representing a decrease of 95.9%.

Net earnings for the nine-month period ended October 31, 2025, which amounted to $14,313,000 compared to the net earnings of $29,419,000 recorded for the corresponding period of 2024. Basic net earnings per share amounted to $0.45 compared to $0.90 recorded for the corresponding period of 2024.

Net earnings consist of a net loss of ($10,086,000) for the real estate division, compared to a net loss of ($3,808,000) for the corresponding period in 2024.

The variation in the net loss of the real estate division is primarily attributable to ongoing expansion and optimization initiatives, which have resulted in a temporary increase in operating expenses. These projects are expected to be completed within the current financial year, supporting a gradual improvement in the division’s financial performance. During the nine-month period ended October 31, 2025, the Company completed the disposal of its former Economax store located in Kirkland for proceeds of $13,400,000. As of January 31, 2025, this asset had been classified as held for sale in accordance with IFRS 5. The transaction generated an after-tax gain of $2,765,000, partially offsetting the net loss recorded during the period.

Net earnings consist of a net profit of $24,399,000 for the Tanguay division, of which $20,509,000 comes from net investment results, compared to a net profit of $33,227,000, of which $22,920,000 comes from net investment results for the corresponding period in 2024.

The variation in net profit for the Tanguay division is mainly due to the recognition of an after-tax severance costs totalling $6,730,000 during the nine-month period ended October 31, 2025. In addition, no gain on the disposal of fixed assets was realized for the current period, whereas an after-tax gain of $9,244,000 had been recorded for the corresponding period in 2024. This gain included the additional settlement received in connection with the expropriation of the former Kirkland store as well as the sale of the Trois-Rivières and Brossard stores.

During the nine-month period ended October 31, 2025, the Company announced its decision to change the methods by which it carries out distribution and warehousing in the Greater Montréal area and, consequently, to outsource its warehousing activities related to the Montréal-Est distribution center as of April 30, 2026. Following this announcement, the Company paid severance totalling $791,000 and recorded a provision of $8,366,000 for additional severance to be paid by the end of the financial year for a total of $6,730,000 net of tax.

Despite these two unfavourable variations, the improvement in Tanguay’s operational performance during the period helped mitigate their impact on net income. This improvement was driven primarily by sales growth observed during the period, synergies generated by the operational and commercial reorganization implemented in May 2023, and the completion of the network revitalization program.

The variation in adjusted net earnings for the non-recurring element would be ($5,862,000) or ($0.17) per basic share for the nine-month period ended October 31, 2025, when compared to the nine-month period ended October 31, 2024, is explained as follows:

                                   (Unaudited and $ in thousands)

The variations in net adjusted earnings is allocated as follows :

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Annual financial information
($ in thousands, except for per share amounts)