SNDL Inc. Reports Increase in Cannabis Retail Revenue, Posts Net Loss for First Half of 2025; EPS at $(0.05)
Reuters
Jul 31
<a href="https://laohu8.com/S/SNDL">SNDL Inc.</a> Reports Increase in Cannabis Retail Revenue, Posts Net Loss for First Half of 2025; EPS at $(0.05)
SNDL Inc. has released its financial results for the first half of 2025, reporting a net earnings of $7.5 million before income tax. This is a significant increase compared to a net loss of $18.8 million in the first half of the previous year. The company reported a comprehensive loss attributable to owners of the company amounting to $15.7 million, compared to a loss of $1.5 million in the previous period. Revenue from cannabis operations saw adjustments, as SNDL eliminated $33.8 million in revenue from sales to provincial boards that are expected to be repurchased by its licensed retail subsidiaries for resale. This adjustment was made for the six months ended June 30, 2025. SNDL did not experience a significant impact on its financial performance in the first half of 2025 despite the uncertainty in the global economic environment caused by tariffs and potential retaliatory measures. The company continues to monitor the evolving situation and its potential consequences on SNDL's financial position. No specific future outlook or guidance was provided in the current results.
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