PriceSmart(PSMT) - 2025 Q4 - Annual Results

Revenue Growth - Net merchandise sales for Q4 FY 2025 increased by 9.2% to $1.30 billion compared to $1.19 billion in Q4 FY 2024[3] - Total revenues for Q4 FY 2025 rose by 8.6% to $1.33 billion from $1.23 billion in the same period last year[3] - Total revenues for FY 2025 increased by 7.2% to $5.27 billion compared to $4.91 billion in FY 2024[8] - Net merchandise sales for FY 2025 rose by 7.7% to $5.15 billion from $4.78 billion in the prior year[8] - Comparable net merchandise sales for clubs open longer than 13.5 months increased by 7.5% for the 13-week period ended August 31, 2025[5] - Comparable net merchandise sales for the 52-week period ended August 31, 2025 increased by 6.7% compared to the prior year[9] - Comparable net merchandise sales growth rate for the year ended August 31, 2025, was 6.7% on a constant-currency basis[25] - Net merchandise sales for the three months ended August 31, 2025, reached $1,302,709, reflecting a 9.2% growth compared to the same period in 2024[25] Profitability - Net income for Q4 FY 2025 increased by 8.5% to $31.5 million, or $1.02 per diluted share, compared to $29.1 million, or $0.94 per diluted share, in Q4 FY 2024[6] - Net income for the three months ended August 31, 2025, was reported at $31,541, compared to $29,068 in 2024, reflecting an increase of 8.5%[23] - Operating income for FY 2025 was $232.5 million, compared to $220.9 million in FY 2024[10] - Adjusted EBITDA for Q4 FY 2025 was $75.5 million, up from $70.7 million in the same period last year[7] - Adjusted EBITDA for the year ended August 31, 2025, was $320,677, an increase from $303,621 in 2024, indicating a growth of 5.5%[23] Assets and Liabilities - Total assets increased to $2,269,157, up from $2,022,694, representing a growth of 12.2% year-over-year[21] - Total current assets rose to $974,460, compared to $832,347 in the previous year, marking a 17.0% increase[21] - Total liabilities increased to $1,021,785, up from $899,729, representing a growth of 13.6%[21] - Long-term debt, net of current portion, increased to $147,922 from $94,443, indicating a significant rise of 56.7%[21] - Cash and cash equivalents increased to $241,024, up from $125,364, representing a substantial growth of 92.2% year-over-year[21] Future Plans - The company plans to open three new warehouse clubs in Jamaica and the Dominican Republic by 2026, increasing total clubs to 59[11][12]