EMERGE Provides Additional Financial Metrics (Q2 2025) for T2G's First Quarter Post-Acquisition
TORONTO, July 9, 2025 /CNW/ - Further to the news release dated July 9, 2025, regarding the strong performance of its recently acquired brand, Tee 2 Green ("T2G"), EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE" or the "Company"), is pleased to provide additional financial disclosure for T2G's first quarter under EMERGE ownership (Q2 2025), based on preliminary, unaudited results:
Revenue increased to $3.3M vs. $2.5M, representing 34% YoY growth
Gross margin increased to 44% vs. 42%
Net Income increased to $800K vs. $567K, representing 41% YoY growth
T2G's first quarter under EMERGE ownership, Q2 2025, delivered exceptional organic revenue growth of 34% year-over-year ("YoY"), exceeding management's expectations. The strong performance was fueled by EMERGE's targeted digital advertising and cross-brand synergies within its golf vertical. The acquisition, completed just ahead of T2G's seasonal peak, enabled EMERGE to fully capitalize on heightened consumer demand during the spring golf season.
As a result of the flexible deal terms and stronger-than-anticipated revenue growth, cash flow generated by T2G in its first quarter under EMERGE comfortably exceeded the $1.1M upfront cash payment made by EMERGE to complete the transaction on April 4, 2025.
In 2024, T2G achieved revenue exceeding $6M, Adjusted EBITDA(1) of $1M, and net income of $700K (unaudited). Management is encouraged by these preliminary Q2 results at T2G, particularly the speed at which these digital advertising and golf portfolio synergies have been unlocked, and sees potential for continued growth and optimization.
Ghassan Halazon, Founder and CEO, EMERGE commented, "T2G's exceptional first quarter under EMERGE, alongside continued momentum across our grocery and golf portfolio, positions us for an excellent Q2 overall, exceeding management's expectations across revenue, profitability and cash flow. We're especially pleased that T2G's cash generation has already surpassed the upfront cash purchase price in less than 90 days."
EMERGE expects to report its full Q2 2025 financial results in late August 2025.
About EMERGE
EMERGE is a Canadian e-commerce and retail portfolio of premium brands. Our subscription, marketplace, and retail businesses provide our members with access to offerings across our grocery and golf verticals. truLOCAL is our ...
