DAVIDsTEA Returns to Profitability in Fiscal 2025 as EarthLabs Reports 104% Surge in Cash

Key Facts

DAVIDsTEA has officially returned to profitability for fiscal year 2025, reporting net income of $2.9 million, a significant $6.1 million improvement over the previous year. Annual sales reached $61.0 million, bolstered by a 6.8% increase in comparable store sales, while Adjusted EBITDA nearly doubled to $7.6 million. For the fourth quarter alone, the company recorded a net income of $5.3 million on sales of $23.5 million. These results complement the earlier report from EarthLabs, which saw its cash and investments surge 104.4% to over $80.2 million driven by investment gains. The combined updates highlight a successful turnaround for DAVIDsTEA and sustained financial strength for EarthLabs on the TSXV. Investors are responding to the strengthened balance sheets and operational efficiencies across both entities.

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