Canlan Ice Sports Q2 2025 Earnings: Revenue Up 7.5% to CA$23.5m, Loss Narrows 85% to CA$178.0k

Canlan Ice Sports reported Q2 2025 revenue of CA$23.5m, up 7.5% YoY, and a net loss of CA$178.0k, a significant improvement from CA$178.0k in Q2 2024. The company posted a CA$0.013 loss per share, compared to a CA$0.088 loss in the same period last year.

Canlan Ice Sports Corp. (TSX: ICE) has released its financial results for the second quarter of 2025, indicating strong revenue growth and operational improvements. The company reported a total operating revenue of CA$23.5 million for Q2 2025, representing a 7.5% year-over-year (YoY) increase compared to the same period in 2024. This growth was driven by the expansion of its Game Deck™ at Canlan Sports York in April 2025, which added 16 arcade and redemption games [1].

Operating earnings for the quarter grew by 23.3% to CA$2.0 million, while the company reported a net loss of CA$178.0k, a significant improvement from the CA$178.0k loss in Q2 2024. The loss per share was CA$0.013, compared to a CA$0.088 loss per share in the same period last year. These results reflect the company's strategic investments in facility enhancements and customer experience improvements [1].

For the first half of 2025, Canlan Ice Sports Corp. reported a 7.2% increase in revenue to CA$51.5 million, with net earnings of CA$4.0 million ($0.30 per share), up from CA$3.1 million in 2024. The Board declared a quarterly dividend of CA$0.03 per common share, payable on October 15, 2025 [1].

The company's President and CEO, Joey St-Aubin, commented on the progress made during the first half of 2025, stating, "The first half of 2025 has been an exciting and productive time for Canlan Sports. Not only did we surpass both our prior year's performance and our internal targets for league registrations, but we also saw major strides in the realization of key strategic investments. From restaurant renovations and the launch of Game Deck to the expansion of our turf fields at Canlan Sports - Libertyville, our teams have worked tirelessly to enhance our facilities and customer experience. The early results have been encouraging, and we remain committed to elevating every touchpoint of our guests' journeys through these new amenities" [1].

Canlan Ice Sports Corp. continues to be the North American leader in the operations and ownership of multi-purpose recreation and entertainment facilities, owning, leasing, and/or managing 15 facilities in Canada and the United States with 47 ice surfaces, 10 indoor soccer fields, and 18 hard court surfaces [1].

References:
[1] https://www.stocktitan.net/news/CNLFF/canlan-reports-q2-revenue-growth-and-expansion-of-game-deck-5rknug5phq93.html