SNDL rises as cannabis sales drive record 2025 revenue
SNDL shares rose in premarket trading after reporting record revenue for 2025, driven by its cannabis business. Q4 revenue was C$252.5M, a ~2% YoY drop, while full-year revenue reached C$964.4M, marking a ~3% YoY growth. CEO Zach George highlighted new records in income and free cash flow. The cannabis segment grew ~11% YoY, generating C$406.8M. The net loss decreased ~84% to C$15.8M, with Q4 net income of C$9.4M. Gross margin improved to ~28% in Q4 and ~27% for the year, reflecting enhanced profitability.
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