Dr. Phone Fix Canada Corporation says preliminary, unaudited results for 2025 show higher revenue and improved profitability as the electronics repair chain benefited from stronger performance across its existing stores.
The Edmonton-based company, which trades on the TSX Venture Exchange under the symbol DPF, said that revenue for the year ended Dec. 31, 2025, is expected to be about $12.1 million, up from $10.2 million in 2024. The company also reported a year-over-year increase in adjusted EBITDA and said gross margins remained in the high-40-per-cent range.
The results, which are based on an operating base of 35 stores during 2025, are preliminary and unaudited. The company said audited financial statements will be released at a later date.
The company focuses on device repair, resale and what it characterized as responsible device lifecycle management as it continues to expand its national footprint.
Founded in 2019, Dr. Phone Fix said it operates a standardized platform designed to support consistent execution across multiple markets.
The press release noted that the
Revenue growth and margins
Dr. Phone Fix said revenue growth of more than 19 per cent in 2025 was accompanied by higher gross profit and improved operating leverage.
According to the company, gross profit for the year is expected to be approximately $6.0 million, compared with $5.4 million in 2024. Gross margins remained in the high-40-per-cent range.
Adjusted EBITDA for 2025 is expected to be approximately $0.6 million, up from $187,082 a year earlier, which the company described as a material year-over-year improvement.
The company said the results reflect its 35-store operating base during 2025. It also pointed to previously disclosed data indicating that it exited the year with unaudited average annualized run-rate revenue per store of about $350,000.
That figure was disclosed in a Jan. 22, press release and, according to the company, reflects improved store-level productivity across its legacy network.
“As newly acquired and recently opened locations mature, management expects further operating leverage and margin expansion across the national platform,” the company said.
Focus on store-level performance
Chief executive Piyush Sawhney said improvements in 2025 were driven by stronger performance across existing locations and a focus on operational discipline.
“Our performance in 2025 was driven primarily by continued improvement across our legacy store base, supported by disciplined cost controls, pricing optimization, and a strong focus on execution at the store level,” Sawhney said. “During the year, we observed consistent customer demand across our existing store network, which allowed management to prioritize operational efficiency, and store-level performance.”
The company said it ended 2025 with a larger operating footprint than in the prior year and continues to pursue both organic growth and acquisitions.
“As we enter 2026, we are operating with a larger national footprint, improving unit economics, and increasing scale,” Sawhney said. “Our growth strategy remains balanced between organic expansion and disciplined acquisitions, supported by a robust pipeline of potential targets, which we expect to execute on throughout the year as we work toward our objective of reaching approximately 70 stores by the end of 2026. Importantly, the improvements achieved in 2025 reflect structural enhancements to our operating model rather than one-time initiatives, positioning the Company for continued margin expansion as scale increases.”
Dr. Phone Fix said that while it operated 35 stores during 2025, it now operates 44 retail locations nationwide through what it described as a standardized and scalable operating platform.
Investor relations agreement
Alongside its preliminary financial results, Dr. Phone Fix announced it has entered into an investor communications agreement with Apollo Shareholder Relations Ltd., doing business as Edge Investments.
The agreement is dated Jan. 23, 2026, and has an initial term of three months, with an option for the company to extend it for an additional three months.
Under the agreement, Apollo will provide digital investor relations and communications services intended to increase investor awareness and understanding of the company and its business.
In consideration for its services, Dr. Phone Fix will pay Apollo a cash fee of $2,500 per month during the initial term and $2,500 for each successive month during any extension of the agreement.
The company said Apollo operates at arm’s length and has no equity interest in Dr. Phone Fix securities, nor any right to acquire such an interest, to the best of the company’s knowledge.
Apollo was co-founded and is owned by Kevan Matheson, Chase Kazakoff and Jazz Chodak. Its offices are located in Langford, B.C.
Preliminary results
Dr. Phone Fix emphasized that the financial figures released are preliminary and unaudited. The company said it will provide audited results for the year ended Dec. 31, 2025, when they become available.
More from Retail Insider:
