Imaflex Reports Q2 2025 Results; Provides Business Update
Strong Balance Sheet and Operational Agility Support Future Growth
Q2 2025 Highlights
Revenues of $26.4 million, versus $28.8 million in 2024
Adjusted net income1 of $1.0 million, compared to $3.2 million in prior year
Adjusted EBITDA1 of $2.9 million (10.8% of sales), versus $5.4 million (18.6% of sales) in 2024
Solid liquidity with $22.8 million available at quarter end, including a cash balance of $10.8 million ($0.21 per share) and another $12.0 million under Imaflex's revolving line of credit
MONTRÉAL, Aug. 28, 2025 /CNW/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV:IFX) reports consolidated financial results for the second quarter (Q2) ended June 30, 2025 and provides a business update. All amounts are in Canadian dollars.
"The first half of 2025 reflected market uncertainty, with the evolving tariff landscape and cautious customer behavior creating challenges across our industry," said Mr. Yazedjian, President and Chief Executive Officer of Imaflex. "Despite these headwinds, our sales were broadly comparable versus the prior year, particularly given that Q2 2024 was a very strong quarter. Adjusted profitability was also respectable, reflecting the resilience of our business and agility in responding to market conditions. Additionally, our balance sheet stayed strong, with no long-term debt and cash levels increasing to $10.8 million at quarter end. While pricing pressures and broader economic risks continue, our focus on strategic execution, talent development, and product innovation should enable us to drive sustainable growth."
Consolidated Financial Highlights (unaudited)
Three months ended June 30,
Six months ended June 30,
CDN $ thousands, except per share amounts (or otherwise indicated)
2025
2024
% Change
2025
2024
% Change
Revenues
26,397
28,833
(8.4) %
55,320
56,236
(1.6) %
Gross Profit
3,587
6,287
(42.9) %
8,312
10,318
(19.4) %
Selling & admin. Expenses
2,257
2,239
0.8 %
4,713
4,422
6.6 %
Other losses / (gains)
1,389
(271)
(612.5) %
3,223
(797)
(504.9) %
Net (loss) / income
(197)
3,434
(105.7) %
67
5,281
(98.7) %
Adjusted Net income
983
3,208
(69.4 ) %
2,604
4,600
(43.4) %
____________________________
1 Adjusted net income and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludenon-recurring costs, namely those related to the Q1 2025 cyber incident, including infrastructure upgrades, external advisory services, security improvements and other non-recurring expenses, which are not indicative of core operating performance. Also excludes recurring foreign exchange fluctuations for both comparative periods. See "Caution Regarding Non-IFRS Financial Measures" which follows.
Three months ended June 30,
Six months ended ...
