Dr. Phone Fix Canada Corporation announced Thursday positive financial results for the three and six months ended June 30. The company said it continues its growth momentum with revenue up 13% from 2024, gross margin sitting at 55%, compared to 51.9% in 2024, and Adjusted EBITDA up 506% from 2024. Dr. Phone Fix also announced that it has entered into a new national repair agreement with Likewize Corp. and an expanded strategic partnership with Assurant, Inc.
“Q2 showcased healthy top-line growth, margin strength and a return to positive Adjusted EBITDA, while we advanced national partnerships that expand our reach and credibility with insurers and OEM programs,” said Piyush Sawhney, Chief Executive Officer of Dr. Phone Fix.
“We’re focused on disciplined execution, growing same-store sales, scaling our certified pre-owned sector, leveraging partnerships with insurance companies and OEM’s to drive durable, profitable growth, and delivering consistent, reliable service that keeps customers in our ecosystem. For the second half of 2025, we expect gross margin to remain strong as procurement scale, CPO mix, and insurer/OEM program volumes increase. Combined with ongoing cost discipline, we also expect Adjusted EBITDA to improve in the second half of 2025.”
“Looking ahead, our growth playbook combines measured new store openings with a disciplined M&A strategy to accelerate scale. Our strategy is to target high-quality operators in markets where we lack coverage today, prioritizing cultural fit and strong unit economics. Post-acquisitions, we plan to drive additional value through centralized procurement, inventory and refurbishment capabilities, insurance and OEM program access, shared marketing, and our proven operating playbook. Taken together, we believe this approach will expand our footprint efficiently, deepen our national coverage, and enhance cash generation, at the unit level, over time.”
Founded in 2019, Dr. Phone Fix operates a nationwide network of 35 corporately owned cell phone and electronics repair stores across four Canadian provinces.
SUMMARY OF QUARTERLY RESULTS
The following table sets forth unaudited (2025) and audited (2024) financial information comparing the three and six-month periods ended June 2025 to the three and six-month periods ended June 2024.
Financial Results Summary (CAD)
| Three Months Ended June 30, 2025 ($000) | Three Months Ended June 30, 2024 ($000) | Variance (%) | Six Months Ended June 30, 2025 ($000) | Six Months Ended June 30, 2024 ($000) | Variance (%) | |
| Revenue | 2,857 | 2,525 | +13 % | 5,054 | 4,712 | +7 % |
| Gross Profit | 1,570 | 1,310 | +20 % | 2,781 | 2,478 | +12 % |
| Gross Margin | 55.0 % | 51.9 % | +3.1 % | 55.0 % | 52.6 % | +2.4 % |
| Operating Expenses (SG&A) | 2,376 | 1,893 | +26 % | 4,130 | 3,722 | +11 % |
| Adjusted EBITDA(1) | 280 | (69) | +506 % | 282 | (222) | +227 % |
| Cash & Equivalents | 761 | 346 | 120 % | 761 | 346 | 120 % |
| (1) | See “Non-GAAP Financial Measures” towards the end of this document. |
In June 2025, Dr. Phone Fix entered into a national repair agreement with Likewize, enabling insured Canadians to access fast in-store repairs across our network, said the company.
“Likewize is a corporation founded in 1997 that operates in over 30 countries, that offers insurance, warranty, repair, trade-in, recycling, and tech support to telcos, banks, carriers and retailers on smartphones, tablets, laptops and connected devices in the home,” it said.
“In July 2025, Dr. Phone Fix expanded its strategic partnership with Assurant to accelerate certified pre-owned (CPO) device sales nationwide. This deeper integration strengthens Dr. Phone Fix’s supply chain, broadens product selection, speeds up inventory turnover, and positions Dr. Phone Fix to capture one of the fastest-growing segments of the device market.”
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