Sndl Inc. ( (SNDL) ) has released its Q4 earnings. Here is a breakdown of the information Sndl Inc. presented to its investors.
SNDL Inc. is a leading Canadian company operating in the cannabis and liquor retail sectors, known for its vertically integrated business model and extensive retail network across Canada.
In its latest earnings report, SNDL Inc. announced record net revenue and gross profit for the full year 2024, alongside positive cash flow, marking significant milestones in its financial performance. The company also highlighted strategic acquisitions and operational improvements as part of its growth strategy.
Key financial metrics revealed a 1.3% increase in annual net revenue to $920.4 million, with gross profit rising by 26.2% to $240.3 million. The cannabis segment showed robust growth, contributing significantly to these results. However, the company reported an operating loss of $103.8 million for the year, primarily due to exceptional items such as valuation adjustments and asset write-offs.
Strategically, SNDL completed the acquisition of Nova Cannabis Inc., expanded its edibles manufacturing capabilities by acquiring Indiva Inc., and received regulatory approval for a key license transfer in Florida. These moves are expected to strengthen SNDL’s market position and drive long-term shareholder value.
Looking ahead, SNDL’s management remains optimistic about future growth, aiming to generate $100 million in positive annual free cash flow within the next three years, supported by a strong balance sheet and strategic investments.