Latest news with #BigRock
Cision Canada
5 days ago
- Business
- Cision Canada
BIG ROCK BREWERY INC. ANNOUNCES SECOND QUARTER 2025 RESULTS AND A 45% INCREASE IN SECOND QUARTER SALES VOLUMES
Trailing twelve month sales volume growth of 39% CALGARY, AB, Aug. 8, 2025 /CNW/ - Big Rock Brewery Inc. (TSX: BR) (" Big Rock" or the " Corporation") today announces its financial results for the three and six months ended June 30, 2025. Financial Summary For the three months ended June 30, 2025, compared to the three months ended June 30, 2024, the Corporation reported: total sales volumes up 45.3% to 84,116 hl compared to 57,908 hl, driven by contract sales volumes that more than doubled and an increase of 20.2% in wholesale volumes; net revenue increased by 34.2% to $16.6 million from $12.3 million on increased sales volumes; gross margin increased to $5.2 million compared to $4.1 million; operating income increased to $0.4 million, compared to an operating loss of $(0.7) million; net income increased by $0.1 million to $0.3 million; and Adjusted EBITDA increased by $0.8 million to $1.0 million. Adjusted EBITDA is a non-GAAP financial measure, see " Non-GAAP Measures". For the six months ended June 30, 2025, compared to the six months ended June 30, 2024, the Corporation reported: total sales volumes up 47.9% to 152,460 hl compared to 103,112 hl, driven by contract sales volumes that more than doubled and an increase of 10.6% in wholesale volumes; net revenue increased by 32.7% to $27.8 million from $20.9 million because of increased co-packing sales volumes; gross margin increased to $8.9 million compared to $5.9 million, an increase of 51%; operating income increased to $0.5 million, compared to an operating loss of $(3.0) million; net income increased to $0.2 million from a loss of $(2.9) million, an increase of $3.1 million; and Adjusted EBITDA increased by $3.0 million to $1.7 million. Adjusted EBITDA is a non-GAAP financial measure, see " Non-GAAP Measures". Summary of Results $000, except hl and per share amounts Three months ended June 30 Six months ended June 30 2025 2024 2025 2024 Sales volumes - wholesale (hl) 48,698 40,519 80,590 72,871 Sales volumes – contract (hl) 35,418 17,389 71,870 30,241 Total sales volumes (hl) 84,116 57,908 152,460 103,112 Gross product revenue $ 20,470 $ 15,792 $ 34,673 $ 27,080 Net revenue 16,567 12,344 27,767 20,926 Cost of sales 11,402 8,218 18,893 15,063 Adjusted EBITDA (1) 967 165 1,655 (1,308) Operating income (loss) 395 (667) 495 (2,966) Net income (loss) 281 220 232 (2,853) Net income (loss) per share (basic and diluted) $ 0.01 $ 0.03 $ 0.01 $ (0.41) (1) Non-GAAP financial measure. See " Non-GAAP Measures". Sales volumes increased by 45.3% compared the second quarter of 2024 and a 23.1% increase compared to the first quarter of 2025. More importantly, Adjusted EBITDA was a positive $1.0 million, which represents a $0.8 million improvement from the second quarter of 2024. David Kinder, Big Rock's President and Chief Executive Officer noted, "In an economically challenging and uncertain time, I am delighted to release our second quarter 2025 results. Directionally, we are building on 4 consecutive quarters of year-over-year quarterly sales volume growth. This momentum contributed to a significant improvement in Adjusted EBITDA of $0.8 million for the quarter and $3.0 million on a year-to-date basis. Key metrics are directionally positive, and more importantly we are fundamentally profitable from an earnings and cash flow perspective. The management team continues to focus on mitigating the negative effects of tariffs, the Alberta Markup increases and a general increase in costs. In 2025 we are incredibly proud to be celebrating our 40-year anniversary and to have successfully launched our new branding and updated product portfolio, which no doubt have contributed to our success so far this year". Additional Information The unaudited condensed interim consolidated financial statements of the Corporation and the Corporation's Management Discussion and Analysis for the three and six months ended June 30, 2025 dated August 7, 2025, can be viewed on Big Rock's website at and on SEDAR+ at under Big Rock Brewery Inc. NON-GAAP MEASURES The Corporation uses certain financial measures referred to in this press release to quantify its results that are not prescribed by Generally Accepted Accounting Principles (" GAAP"). Such financial measures do not have a standardized meaning under GAAP and therefore may not be comparable to similar measures presented by other issuers. The non-GAAP financial measures should not be considered in isolation, as an alternative to or more meaningful than the most directly comparable GAAP measures which are prepared in accordance with IFRS Accounting Standards. " Adjusted EBITDA" is a non-GAAP financial measure that the Corporation uses to measure operating performance and borrowing capacity. The most directly comparable GAAP measure to adjusted EBITDA is net income, or net loss, as applicable. The following table details the composition of adjusted EBITDA and its reconciliation to net income, or net loss: ($000, except where indicated) Three months ended June 30 Six months ended June 30 2025 2024 Change 2025 2024 Change Net income (loss) $ 281 $ 220 $ 61 $ 232 $ (2,853) $ 3,085 Addback: Interest 213 587 (374) 377 1,361 (984) Depreciation and amortization 529 827 (298) 1,069 1,654 (585) Share based payments (56) 5 (61) (23) 4 (27) Gain on dispositions – net — (1,474) 1,474 — (1,474) 1,474 Adjusted EBITDA $ 967 $ 165 $ 802 $ 1,655 $ (1,308) $ 2,963 Forward-Looking Information Certain statements contained in this press release constitute forward-looking statements or forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation. These statements relate to expectations regarding future events or Big Rock's future performance based on certain assumptions made by Big Rock. All statements, other than statements of historical fact, may be forward-looking statements. Forward-looking statements are not facts, but only predictions based on information presently available and generally can be identified by the use of statements that include words or phrases such as, "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "likely", "may", "project", "predict", "propose", "potential", "might", "plan", "seek", "should", "targeting", "will", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Big Rock believes that the expectations reflected in the forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon by readers, as actual results may vary materially from such forward-looking statements. These statements speak only as of the date of this press release and are expressly qualified, in their entirety, by this cautionary statement. This press release contains forward-looking statements pertaining to: Big Rock's continued focus on mitigating the negative effects of tariffs, changes to, and the subsequent revision of the Alberta Markup Share and general cost increases; and other similar statements. With respect to the forward-looking statements listed above and contained in this press release, management has made assumptions regarding, among other things: the duration and impact of tariffs currently in effect and that such tariffs will remain in effect unchanged; markup rates applied by the Alberta Gaming, Liquor and Cannabis Commission ("AGLC"); anticipated cost increases in Big Rock's production and supply chain; volumes in the current fiscal year will remain constant or continue to increase; there will be no material change to the regulatory environment in which Big Rock operates; there will be no material supply issues with Big Rock's vendors; seasonal fluctuations in demand; and Big Rock can and will execute it business plans and strategies. Some of the risks which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include the risk factors set out in the Corporation's annual information form for the year ended December 30, 2024 which is available on SEDAR+ at and also include, but are not limited to: risks related to Big Rock's credit facility with ATB; the inability to grow demand for Big Rock's products; the inability to execute its product innovation strategy and to introduce such products in the volumes necessary to fulfil its expectations; changes to the duration and/or impact of tariffs currently in place, including any impacts on general market demand; risks related to unanticipated changes to AGLC's mark-up rates; the risk that Big Rock may not have an increase in market demand or market share; the risk that Big Rock may lose co-packing contract volumes or the anticipated benefits of co-packing production; the risk that continued attention to streamlining production and maximizing return on sales and marketing initiatives for Big Rock's branded, white-label and co-packing businesses, won't help the Corporation continue to improve its financial results and strengthen its balance sheet; the risk that Big Rock may not realize operational efficiencies or margin growth; the risk that Big Rock may not have sufficient cash flows to cover forecasted expenses or return to profitability; and the risk that Big Rock may not be in compliance with its financial covenants for the next 12 months. Readers are cautioned that the foregoing list of assumptions and risk factors is not exhaustive. The forward-looking statements contained herein speak only as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this press release are made as of the date hereof and Big Rock does not undertake any obligation to publicly update such forward-looking information and statements to reflect new information, subsequent events or otherwise unless so required by applicable securities laws. About Big Rock Brewery Inc. In 1985, Ed McNally founded Big Rock to contest the time's beer trends. Three bold, European-inspired offerings – Bitter, Porter and Traditional Ale – forged an industry at a time heavy on easy drinking lagers and light on flavour. Today, our extensive portfolio of signature beers, ongoing seasonal offerings, six ciders (Rock Creek Cider ® series), custom-crafted private label products and other notable, licensed alcoholic beverages keeps us at the forefront of the craft beer revolution and still proudly contesting the beer and alcoholic beverage trends of today. Big Rock has brewing operations in Calgary, Alberta, Vancouver, British Columbia, and Toronto, Ontario. Big Rock trades on the TSX under the symbol "BR". For more information on Big Rock visit SOURCE Big Rock Brewery Inc.
Edmonton Journal
20-06-2025
- Science
- Edmonton Journal
How does a rockslide happen? 'The mountain that moves' was Canada's deadliest
Article content First Nations people in the area had noticed instability in the mountain decades earlier and even had a name for it that translated to 'the mountain that moves.' The geological structure of Turtle Mountain was said to be the primary cause of Frank Slide, but weather impacts and coal mining were also noted as factors in the deadly rockslide. An interpretive centre in Frank now tells the story of the slide and history of the area. Other Canadian rockslides of note include the 1841 rockfall in the Lower Town of Quebec City, killing 32 people and crushing eight homes, and the 1889 rockslide in the same area that killed more than 40, says the Canadian Encyclopedia. The worst rockslide worldwide was the Haiyuan Landslides of 1920 in China, when more than 200,000 people were killed. An earthquake caused those landslides. When did the earliest rockslides in Alberta and B.C. occur? The 680-tonne Big Rock, a type of quartzite, is an intriguing tourist attraction at Rocky Mountain House in Alberta, but how did this boulder measuring 9.7 metres by 9.4 metres by 5.5 metres get there? Well, the Rocky Mountain House Mountaineer reported the following 11 years back: 'Right around 20,000 years ago the Late Wisconsinan Glaciation was at its height; it was a glacier that could have been one kilometre thick. We know that all of the rocks in the Foothills Erratic Train come from the upper Athabasca drainage area south of Jasper,' said author and geologist Ben Gadd.
Yahoo
14-06-2025
- Sport
- Yahoo
Big Rock Blue Marlin boaters share their superstitions for luck
MOREHEAD CITY, N.C. (WNCT) — Some boaters in the Big Rock Blue Marlin Tournament have their own superstitions to ensure good sailing. Some boaters rules for good luck are: Wearing the same shirt or pair of socks 'Each boat has its own little, little superstition, so to speak. You know, everybody wears colored socks and they may wear white socks and black socks,' weight master Randy Gregory said. 'Who knows? It's just crazy superstition. Yeah. Sometimes they make them bite, sometimes it doesn't.' 'My favorite one is I have a red big blue marlin sure that I love, and I have called striped marlin on the fly in Cabo San Lucas,' Big Rock board member Tommy Bennett said. 'I've called Blue Marlin on the floor in Guatemala wearing that shirt. And it is my my lucky fishing shirt.' Throwing Oreo cookies and beer over the bow of the boat to feed the fish 'You take Oreo cookies over the bar You take them and you present them to the Billfish gods and you come in there like that and then, you know, you shake up some beers and you spray it off the stern,' weight master Randy Gregory said. 'You know, it kind of attracts the fish.' Never bring bananas on the boat 'It's a really old wives tale. Bananas are not really easy, and they cause other fruit around them to rot. I think it dates back to colonial days,' research assistant at NC State Paul Rudershausen said. 'So you should definitely not take bananas on a boat. Especially on Friday the 13th.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-06-2025
- Sport
- Yahoo
Big Rock blog: Still only one blue marlin weighed as day five starts
MOREHEAD CITY, N.C. (WNCT) — It's day five of the Big Rock Blue Marlin Tournament. Day four saw all 272 boats out on the water. It was a busy day with 122 billfish being released including 68 blue marlin, 34 sailfish and 20 white marlin. So far in the tournament 256 billfish have been released, compared to last years 268. There are still two days left in the tournament and plenty of ground to cover. We still have 'Bankwalker' in the lead with a 449.7 lbs blue marlin that they brought in on Wednesday. Follow our coverage of the 67th annual Big Rock Blue Marlin Tournament on our daily blog and on our Big Rock page. WNCT will provide live coverage of every blue marlin weigh-in throughout the tournament on and the WNCT 9 mobile app. 8:00 AM The day starts with the traditional blessing of the fleet. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
12-06-2025
- Entertainment
- Yahoo
Big Rock's featured artist brings tournament to life with this year's t-shirt design
MOREHAEAD CITY, N.C. (WNCT) — If you are down at Big Rock this week, you will see many people wearing this year's t-shirt design. The design comes curtesy of Big Rock's featured artist, Steve Goione, a marine wildlife illustrator based out of Wilmington. Goione has been Big Rock's featured artist for a few years in a row, and is always making sure each year is unique and brings the tournament to life. 'We try to tell the story of the big rock tournament right through the illustration,' Goione said. 'The Marlin always has to be the big focus piece in the illustration. So so this year I used a big it's a side shot of the Marlins very bold, very bright colors.' As Big Rock grows in popularity worldwide, so does the design of the t-shirts. 'I travel around the world and I've seen big rock shirts in Kona, Hawaii. I've seen them in Bermuda, I've seen them in Costa Rica, in airports,' Goione said. 'It's just amazing, it makes me feel really good.' Goione's orginal illustration will be auctioned off, with all of the proceeds going to Big Rock affiliated charities. For more information, click on the video above. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
