Core Insights - Diversified Royalty Corp. reported strong financial results for Q1 2025, with adjusted revenue of $17.0 million, up 3.6% from $16.4 million in Q1 2024, driven by positive same-store sales growth (SSSG) from key partners [3][5][6] - The company continues to experience mixed results from its variable royalty partners, while fixed royalty partners maintained their payments [3][4] - Leadership changes include the promotion of Greg Gutmanis to President and Chief Financial Officer, effective July 1, 2025, indicating a strategic focus on operational oversight and growth [20][21][22] Financial Performance - Q1 2025 revenue was $15.6 million, a 3.7% increase from $15.1 million in Q1 2024 [5][17] - Distributable cash rose to $11.1 million, up 16.3% from $9.6 million in Q1 2024, with a payout ratio of 93.8% [5][15][16] - Net income for Q1 2025 was $8.0 million, compared to $7.5 million in Q1 2024, attributed to higher adjusted revenues and lower expenses [17] Royalty Partner Updates - Mr. Lube + Tires achieved SSSG of 9.5% in Q1 2025, although down from 14.6% in Q1 2024, reflecting sustained growth [7] - Stratus reported royalty income of $2.4 million, with a fixed royalty increase of 5% effective November 2024 [8] - Nurse Next Door's royalty entitlement was $1.3 million, growing at a fixed rate of 2% per annum [9] - Mr. Mikes saw SSSG of 1.5%, a recovery from -5.5% in Q1 2024, indicating improved guest traffic [10] - Oxford Learning Centres reported SSSG of 5.5%, a significant improvement from -2.1% in Q1 2024 [11] - AIR MILES® royalty income decreased by 15.2% to $0.8 million due to ongoing softness in the rewards program [12] - Sutton's royalty income was $0.9 million, including a 20% deferral, compared to $1.1 million in Q1 2024 [13] - BarBurrito generated $2.1 million in royalty income, with a fixed growth rate of 4% per annum starting March 2025 [14] Leadership and Governance - The upcoming Annual General Meeting will address the election of directors and the appointment of KPMG LLP as auditors [19] - Sean Morrison will continue as CEO, focusing on strategic direction, while Greg Gutmanis will oversee day-to-day operations and growth initiatives [20][22]

VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce that all of the nominees listed in its information circular dated March 31, 2025 were elected as trustees of the Fund at its annual meeting of unitholders held on May 13, 2025 (the “Meeting”). The results of the voting for each nominee are as follows: NomineeVotes ForVotes WithheldNo.%No.%Christopher Charles Woodward8,173,33093.26<td style="border-top ...

With approximately 10,000 employees, over 100 restaurants and annual system sales exceeding $700 million, Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL continues to operate The Keg restaurant system and expand that system through the addition of both corporate and franchised Keg steakhouses. KRL has been named the number one restaurant company to work for in Canada in the late ...