Canada's Unisync returns to profitability, secures new business

Unisync

10/12/2025 12:13

Overview

Corporate apparel provider's fiscal 2025 revenue fell yr/yr, driven by lower airline volumes

Company returned to profitability in fiscal 2025 with net income of C$0.3 mln

Company secured over C$10 mln in annualized new business during fiscal 2025

Outlook

Unisync secures over C$8 mln in new contracts post-fiscal year-end

Company pursuing opportunities in Canada and U.S. for calendar 2026

Peerless Garments expected to maintain revenue and profitability in fiscal 2026

Result Drivers

GROSS MARGIN IMPROVEMENT - Unisync's gross margin increased to 20.5% from 13.4% due to a stronger sales mix, lower offshore product costs, improved fill rates, and operational efficiencies from consolidation and restructuring initiatives

NEW BUSINESS CONTRACTS - Unisync secured over C$10 mln in annualized new business during fiscal 2025, contributing to revenue stability

EXPENSE REDUCTION - General and administrative expenses reduced by C$1.6 mln, contributing to improved profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
C$16.70 mln
Q4 Pretax Profit
-C$300,000


Press Release: ID:nGNX15nXtK

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)