MINILUXE REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER AND YTD Q3 2025
MiniLuxe (OTC: MNLXF) reported Q3 2025 results for the 13 and 39 weeks ended Sept 28, 2025, showing continued system-wide momentum.
Key highlights: system-wide sales +11% YoY to $7.6M in Q3 and YTD system sales $21.6M; net revenue of $7.3M in Q3 (+7% YoY) and $20.9M YTD (+8% YoY). Gross margin held at 43%. Adjusted EBITDA was a $900k loss for the quarter with modest improvement versus prior year. Unit economics improved for the 10th consecutive quarter; 4-wall cash contribution up ~40% YoY and ~140% over two years. Company operates 24 studios and signed a new franchise partner for three Connecticut sites.
MiniLuxe (OTC: MNLXF) ha riportato i risultati del terzo trimestre 2025 per le settimane 13 e 39 chiuse al 28 settembre 2025, mostrando una continua spinta a livello di sistema.
Punti chiave: vendite a livello di sistema +11% YoY a 7,6 milioni di dollari nel Q3 e vendite di sistema YTD a 21,6 milioni; fatturato netto di 7,3 milioni nel Q3 (+7% YoY) e 20,9 milioni YTD (+8% YoY). Il margine lordo si è mantenuto al 43%. L'EBITDA rettificato è stato una perdita di 900k per il trimestre con un modesto miglioramento rispetto all'anno precedente. L'economia per unità è migliorata per il decimo trimestre consecutivo; il contributo di cassa su 4 pareti è aumentato di circa il 40% YoY e di circa il 140% in due anni. L'azienda gestisce 24 studi e ha firmato un nuovo partner di franchising per tre sedi in Connecticut.
MiniLuxe (OTC: MNLXF) informó los resultados del tercer trimestre de 2025 para las 13 y 39 semanas terminadas el 28 de septiembre de 2025, mostrando impulso continuo a nivel del sistema.
Puntos clave: ventas a nivel de sistema +11% interanual a 7,6 millones de USD en el Q3 y ventas del sistema YTD de 21,6 millones; ingresos netos de 7,3 millones en el Q3 (+7% interanual) y 20,9 millones YTD (+8% interanual). El margen bruto se mantuvo en el 43%. El EBITDA ajustado fue una pérdida de 900k para el trimestre con una modesta mejora respecto al año anterior. La economía por unidad mejoró por décimo trimestre consecutivo; la contribución de caja de 4 paredes aumentó alrededor del 40% interanual y alrededor del 140% en dos años. La compañía opera 24 estudios y firmó un nuevo socio de franquicia para tres ubicaciones en Connecticut.
MiniLuxe (OTC: MNLXF)는 2025년 9월 28일에 종료된 13주와 39주에 대한 2025년 3분기 실적을 발표했습니다. 시스템 전반의 모멘텀은 지속되었습니다.
주요 하이라이트: 시스템 매출 YoY +11%로 610만 달러, Q3 및 누적 매출 YTD 2160만 달러; 순매출 730만 달러(Q3, YoY +7%) 및 YTD 2090만 달러(+8% YoY). 총 이익률은 43%로 유지. 조정된 EBITDA는 분기당 90만 달러 손실로 나타났으며 작년 대비 소폭 개선. 유닛 경제학은 10분기 연속 개선; 4-wall 현금 기여도 YoY 약 40%, 2년간 약 140% 상승. 회사는 24개 스튜디오를 운영하고 있으며 코네티컷 주의 세 곳에 프랜차이즈 파트너를 새로 체결했습니다.
MiniLuxe (OTC: MNLXF) a publié les résultats du T3 2025 pour les 13 et 39 semaines se terminant le 28 septembre 2025, montrant une dynamique continue à l’échelle du système.
Points clés : ventes à l’échelle du système +11% YoY pour 7,6 M$ au T3 et des ventes système YTD de 21,6 M$; revenu net de 7,3 M$ au T3 (+7% YoY) et 20,9 M$ YTD (+8% YoY). La marge brute est restée à 43%. L’EBITDA ajusté a été une perte de 900 k$ pour le trimestre avec une légère amélioration par rapport à l’année précédente. L’économie par unité s’est améliorée pour le dixième trimestre consécutif; la contribution en cash sur 4 murs a augmenté d’environ 40% YoY et d’environ 140% sur deux ans. L’entreprise exploite 24 studios et a signé un nouveau partenaire de franchise pour trois sites dans le Connecticut.
MiniLuxe (OTC: MNLXF) berichtete die Ergebnisse des dritten Quartals 2025 für die 13- und 39-Wochen-Periode, beendet am 28. September 2025, mit anhaltender systemweiter Dynamik.
Wichtige Highlights: systemweiter Umsatz YoY +11% auf 7,6 Mio. USD im Q3; YTD-Systemumsatz 21,6 Mio. USD; Nettoumsatz 7,3 Mio. USD im Q3 (+7% YoY) und 20,9 Mio. USD YTD (+8% YoY). Die Bruttomarge blieb bei 43%. Das bereinigte EBITDA war im Quartal ein Verlust von 900 Tsd. USD mit leichter Verbesserung gegenüber dem Vorjahr. Die Unit Economics verbesserten sich im zehnten Quartal in Folge; der 4-Wall-Cash-Beitrag stieg YoY um ca. 40% und über zwei Jahre ca. 140%. Das Unternehmen betreibt 24 Studios und hat einen neuen Franchise-Partner für drei Standorte in Connecticut unterzeichnet.
MiniLuxe (OTC: MNLXF) أبلغت عن نتائج الربع الثالث من 2025 للفترتين 13 و39 أسبوعاً المنتهيتين في 28 سبتمبر 2025، مع استمرار الزخم على مستوى النظام.
النقاط الرئيسية: المبيعات على مستوى النظام +11% سنوياً إلى 7.6 مليون دولار في الربع الثالث وإجمالي المبيعات النظامية منذ بداية العام حتى تاريخه (YTD) 21.6 مليون دولار؛ الإيرادات الصافية 7.3 مليون دولار في الربع الثالث (+7% سنوياً) و20.9 مليون دولار حتى تاريخه (+8% سنوياً). حافظ الهامش الإجمالي على 43%. كان EBITDA المعدل خسارة قدرها 900 ألف دولار خلال الربع مع تحسن بسيط مقارنة بالعام السابق. تحسن اقتصاديات الوحدة للثامن عشر على التوالي؛ مساهمة النقد من 4 جدران ارتفعت بنحو حوالي 40% سنوياً وحوالي 140% خلال عامين. تشغّل الشركة 24 استوديو ووقعت شريك فرنشايز جديد لثلاثة مواقع في Connecticut.
- System-wide sales +11% YoY to $7.6M in Q3
- Unit economics improved for 10 consecutive quarters
- 4-wall cash contribution +~40% YoY (trailing 12 months)
- 4-wall cash contribution +~140% over two years
- Signed franchise partner for three Connecticut sites
- Adjusted EBITDA loss of $900k in Q3
- Company remains overall unprofitable despite improving cash flows
The Company Announces Continued Double-Digit System-Wide Sales Growth and 10 consecutive quarters of Unit Economic Improvement
Reported figures are all in U.S. Dollars
Boston, MA, Nov. 19, 2025 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV: MNLX) today announced its financial results for the 13 and 39 weeks ended September 28, 2025 ("Q3 2025" and “YTD Q3 2025”). The fiscal year of MiniLuxe (“The Company”) is a 52-week reporting cycle ending on the Sunday closest to December 31, which periodically necessitates a fiscal year of 53 weeks; fiscal years referred to in this release consist of 52-week periods. Unless otherwise specified, all amounts are reported in U.S. dollars.
MiniLuxe aims to be the leading lifestyle brand in the areas of nail care and related self-care services and products. The Company’s purpose is to empower and bring joy to its team members, clients, and communities through cleaner, healthier and more ethical self-care services and proprietary better-for-you products
Highlights of Business Performance in Q3 2025 and YTD Q3 2025
- Quarterly sales growth:
11% system-wide YoY growth to$7.6M and net revenue growth of +7% to$7.3M . System-wide revenue is defined to include total sales of all company-owned MiniLuxe and franchise locations. Net revenue includes sales of all company-owned units plus royalty revenue of franchise units.
- YTD sales growth: was also at
11% for system wide YoY growth at$21.6M and YTD net revenue growth of +8% to$20.9M .
- Gross Margin and Adjusted EBITDA: Gross margin held steady at
43% , and Adjusted EBITDA of ($900 k) for the quarter reflected a modest improvement versus the prior year. Overall gross profit dollars were up +7% and operating cash flow trends continue to improve and move the Company increasingly closer to overall profitability. - Unit economics of the studio base improved for the 10th consecutive quarter driven by favorable service mix and labor efficiency. Cash contribution on a 4-wall basis for the full company-owned fleet increased ~
40% YoY relative to trailing twelve months as of Q3 2025 and is up ~140% over the past two years.
Team and Client Purpose-Driven Impact Metrics
- Team loyalty:
87% year-over-year retention of hourly team members with over50% of the team at over 5-years of tenure which is estimated to be up to 5x better than industry benchmarks.
- Client loyalty: NPS (net promoter score) of over 85 (a proxy for one’s willingness to recommend our services or products). Additionally, in any given month ~80 percent of clients represent repeat loyal customers and MiniLuxe continues to receive exceptional reviews across its studio base alongside industry awards for its products.
Strategy and Outlook
The Company’s strategy is focused on strengthening unit economics across its base of 24 MiniLuxe studios through well-defined KPIs and operating systems, while expanding growth through M&A and franchise operating partners.
- Accelerating unit-level economics and studio-level profitability – The Company continues to deliver strong momentum in unit economics, with improvements across topline performance, 4-wall profitability, and a focus on value-engineering initiatives that reduce CapEx requirements. These efforts are driving higher ROIC and improved long-term cash-on-cash returns.
- Driving growth through operating partners and franchise partners – Operating and franchise partners in Brookline, MA, Atlanta, GA, and Tampa, FL continue to perform strongly, with all studios delivering topline growth, meeting or exceeding expectations. The Company is also progressing with the conversion of an acquired studio in Texas.
Outlook and Subsequent Events
- The Company signed a new franchise operating partner for the Connecticut region, covering three new sites.
- The Company continues to build a robust pipeline of prospective operating and franchise partners and is actively evaluating M&A opportunities to augment growth with a focus on conversions into the MiniLuxe brand and system.
Q3 and YTD 2025 Results
Selected Financial Measures
Results of Operations
The following table outlines the consolidated statements of loss and comprehensive loss for the thirteen and thirty-nine weeks ended September 28, 2025 and September 29, 2024
Cash Flows
The following table presents cash and cash equivalents as of September 28, 2025 and September 29, 2024
Non-IFRS Measures and Reconciliation of Non-IFRS Measures
This press release references certain non-IFRS measures used by management. These measures are not recognized under International Financial Reporting Standards ("IFRS"), do not have a standardized meaning prescribed by IFRS, and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. The non-IFRS measures referred to in this press release are "Adjusted EBITDA".
Adjusted EBITDA
Management believes Adjusted EBITDA most accurately reflects the commercial and operational reality of the Company's operations on an ongoing basis by adding back non-cash expenses. Additionally, the rent-related adjustments ensure that studio-related expenses align with revenue generated over the corresponding time periods.
Adjusted EBITDA is calculated by adding back fixed asset depreciation, right-of-use asset amortization under IFRS 16, asset disposal, and share-based compensation expense to IFRS operating income, then deducting straight-line rent expenses net of lease abatements. IFRS operating income is revenue less cost of sales (gross profit), additionally adjusted for general and administrative expenses, and depreciation and amortization expense.
The following table reconciles total company Adjusted EBITDA to net loss for the periods indicated
About MiniLuxe
MiniLuxe is a lifestyle brand and talent empowerment platform in the beauty and self-care industry. MiniLuxe focuses on delivering high-quality nail care and esthetic services and offers a suite of trusted proprietary products that are used in the Company’s studio services. For over a decade, MiniLuxe has been elevating industry standards through healthier, ultra-hygienic services, a modern design esthetic, socially responsible labor practices, and better-for-you, cleaner products. MiniLuxe aims to radically transform a highly fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform that collectively enable better talent and client experiences.
For its clients, MiniLuxe offers best-in-class self-care services and better-for-you products, and for nail care and beauty professionals, MiniLuxe seeks to become the employer of choice. MiniLuxe seeks to empower one of the most diverse and largest hourly worker segments through professional development, economic mobility, and ownership opportunities (e.g., equity participation and future franchise opportunities).
In addition to creating long-term durable economic returns for stakeholders, MiniLuxe is expanding its reach through franchising, offering entrepreneurs the opportunity to partner with a brand recognized as the best nail salon franchise. Since its inception, MiniLuxe has performed over 4 million services. The Company is a Delaware corporation based in Boston, Massachusetts.
For further information
Christine Mastrangelo
Investor Relations, MiniLuxe Holding Corp.
MiniLuxe.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") concerning the Company and its subsidiaries within the meaning of applicable securities laws. Forward-looking information may relate to the future financial outlook and anticipated events or results of the Company and may include information regarding the Company's financial position, business strategy, growth strategies, acquisition prospects and plans, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding the Company's expectations of future results, performance, achievements, prospects or opportunities or the markets in which the Company operates is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "budgets", "scheduled", "estimates", "outlook", "forecasts", "projects", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will" occur. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.
Many factors could cause the Company's actual results, performance, or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking information, including, without limitation, those listed in the "Risk Factors" section of the Company's filing statement dated November 9, 2021. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance, or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this press release.
Forward-looking information, by its nature, is based on the Company's opinions, estimates and assumptions in light of management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate and reasonable in the circumstances. Those factors should not be construed as exhaustive. Despite a careful process to prepare and review forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking information. Although the Company bases its forward-looking information on assumptions that it believes were reasonable when made, which include, but are not limited to, assumptions with respect to the Company's future growth potential, results of operations, future prospects and opportunities, execution of the Company's business strategy, there being no material variations in the current tax and regulatory environments, future levels of indebtedness and current economic conditions remaining unchanged, the Company cautions readers that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and the development of the industry in which the Company operates may differ materially from the forward-looking statements contained in this press release. In addition, even if the Company's results of operations, financial condition and liquidity, and the development of the industry in which it operates are consistent with the forward-looking information contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.
Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date made (or as of the date they are otherwise stated to be made). Any forward-looking statement that is made in this press release speaks only as of the date of such statement.
FAQ
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