Red Deer, Alberta–(Newsfile Corp. – November 12, 2025) – Gamehost Inc. (TSX: GH)
Management and Directors of Gamehost Inc. (the “Company”) present results for the nine and three months ended September 30, 2025 (the “Period” and “Quarter” respectively).
Operating revenue for the Quarter was down marginally to $20,213,800 ($20,384,200 – 2024). Earnings before interest, taxes, depreciation and amortization (“EBITDA”) was nearly flat at $8,147,500 ($8,169,700 – 2024) resulting in a slightly higher EBITDA margin of 40.3% (40.1% – 2024) for the Quarter. Earnings per share for the Quarter was $0.25 ($0.24 – 2024). Lower table and slot hold dragged down what was otherwise good growth in table drop and cash play. Year-over-year improvements in food sales and ancillary revenues limited the impact of lower holds.
Deerfoot’s World Series of Poker event held in Q3 of the prior year will be held in Q4 2025 making the respectable year-over-year results for this Quarter more noteworthy. Cash Play on electronic gaming devices are at record levels in the province and continue to trend higher benefiting from robust population growth.
During the Quarter, the Company finished a program of complete refreshes of all Company properties which began in 2020. The Company’s investment property in Grande Prairie which helps to support adjacent hotel operations is now also complete. The property is now considered fully leased with two new food operators completing tenant improvements and expected to begin operations before year end.
Global and North American trade and tariff uncertainties continue to grab headlines. Its hard to measure the short term and longer-term ramifications in our local operating sphere, but we seem to be fairing quite fine to this point. The most recent forecasts still peg Alberta at the upper end of provincial economies for the balance of 2025 and 2026. Nevertheless, we proceed with caution and will make any necessary adjustments if and when required.
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Gamehost Inc. |
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Financial Highlights |
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Unaudited – Canadian dollars (thousands except per share figures) |
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nine months ended |
three months ended |
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2025 |
2024 |
% Chg. |
2025 |
2024 |
% Chg. |
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Operating revenue |
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$ |
62,207.1 |
$ |
61,235.0 |
1.6% |
$ |
20,213.8 |
$ |
20,384.2 |
(0.8%) |
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Cost of sales |
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Other |
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(34,464.2 |
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(34,674.3 |
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(11,283.6 |
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(11,488.2 |
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Depreciation |
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(2,442.8 |
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(2,486.3 |
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(834.4 |
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(837.0 |
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(36,907.0 |
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(37,160.6 |
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(12,118.0 |
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(12,325.2 |
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Gross profit |
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25,300.1 |
24,074.4 |
5.1% |
8,095.8 |
8,059.0 |
0.5% |
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Lease and other income |
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176.0 |
163.6 |
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61.3 |
61.5 |
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Administrative expenses |
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Other |
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(2,867.6 |
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(2,808.4 |
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(876.3 |
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(842.1 |
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Depreciation |
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(619.1 |
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(651.2 |
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(206.4 |
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(217.1 |
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(3,486.7 |
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(3,459.6 |
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(1,082.7 |
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(1,059.2 |
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Profit from operating activities |
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21,989.4 |
20,778.4 |
5.8% |
7,074.4 |
7,061.3 |
0.2% |
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Gain on disposal of assets |
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– |
9.4 |
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– |
– |
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Net finance costs |
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(1,432.6 |
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(1,890.1 |
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(463.8 |
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(597.5 |
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Profit before income tax |
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20,556.8 |
18,897.7 |
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6,610.6 |
6,463.8 |
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Income tax expense |
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(4,798.2 |
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(4,343.2 |
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(1,531.3 |
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(1,445.2 |
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Profit and comprehensive profit |
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15,758.6 |
14,554.5 |
8.3% |
5,079.3 |
5,018.6 |
1.2% |
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Earnings per share |
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Basic and fully diluted |
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$ |
0.76 |
$ |
0.68 |
10.5% |
$ |
0.25 |
$ |
0.24 |
3.6% |
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Weighted average number of common shares outstanding |
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Basic and fully diluted (x 000) |
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20,828.2 |
21,262.7 |
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20,682.9 |
21,165.4 |
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EBITDA |
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$ |
25,151.4 |
$ |
24,081.7 |
4.4% |
$ |
8,147.5 |
$ |
8,169.7 |
(0.3%) |
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EBITDA % |
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40.3% |
39.1% |
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40.1% |
39.9% |
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30-Sep-25 |
31-Dec-24 |
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Cash |
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$ |
14,667.6 |
$ |
14,393.6 |
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Total assets |
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$ |
174,482.0 |
$ |
175,838.4 |
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Total debt |
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$ |
34,343.5 |
$ |
37,393.2 |
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