Jamieson Wellness Inc
TSX:JWEL

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Jamieson Wellness Inc
TSX:JWEL
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Price: 33.52 CAD -0.39% Market Closed
Market Cap: 1.4B CAD

Jamieson Wellness Inc
Investor Relations

Jamieson Wellness Inc. stands as a beacon of health and wellness in the nutraceutical industry, with roots stretching back to 1922 when it began as a small laboratory in Windsor, Ontario. Over the decades, the company has grown to become Canada's number one manufacturer and distributor of vitamins, minerals, and nutritional supplements. Jamieson's success is anchored in its commitment to quality, with rigorous testing and quality assurance protocols that ensure its products meet pharmaceutical-grade standards. Each of their offerings, from daily vitamins to specialized health supplements, is manufactured in state-of-the-art facilities, allowing the company to maintain tight control over the production process. This dedication to quality has built a strong brand that commands trust and loyalty among consumers in Canada and increasingly, across global markets.

The company's business model hinges on leveraging its brand reputation to ensure a robust distribution network that spans both local and international markets. Jamieson Wellness generates revenue primarily through wholesale distribution to major retailers, pharmacies, and health stores, complemented by direct-to-consumer sales channels. By capitalizing on burgeoning health and wellness trends, the company continuously adapts its product offerings to meet evolving consumer needs, incorporating the latest scientific research into its development processes. Jamieson's ability to innovate while maintaining traditional values of quality has enabled it to not only sustain its market dominance in Canada but also to steadily increase its presence in international markets, contributing significantly to its revenue growth.

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JWEL
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Strong Growth: Jamieson delivered 13.2% revenue growth in Q3, with branded segment up 16.5% and China up over 60%.

China Momentum: Digital marketing, influencer campaigns, and strong e-commerce presence drove exceptional growth in China, where Jamieson was named 'Store of the Year' on Douyin.

Innovation Success: Product innovation, including new magnesium and Ashwagandha gummy products, outperformed expectations and drove gains in Canada, the US (youtheory), and internationally.

Margin Expansion: Consolidated gross profit margin rose by 350 basis points, mainly from higher branded sales and strength in China.

Guidance Update: Full-year 2025 guidance was narrowed, with the midpoint for consolidated revenue and Adjusted EBITDA maintained. Branded revenue guidance midpoint was raised.

No Consumer Weakness: Management reported no signs of consumer trade-down or weakness, with growth supported by real consumption rather than pricing.

International Acceleration: The Middle East, especially Saudi Arabia, saw double-digit growth and is now a top international market for Jamieson.

Key Financials
Revenue
$199.3 million
Jamieson Brands Revenue
$180.5 million
China Revenue Growth
63%
Youtheory Revenue Growth
16.8%
International Revenue Growth
19.3%
Canada Revenue Growth
4%
Adjusted EBITDA
$38 million
Adjusted Net Earnings
$17.7 million
Cash From Operations (before working capital)
$22.8 million
Dividend Declared
$0.23 per common share (approx. $9.6 million in aggregate)
Cash and Available Operating Lines
$128.8 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Pilato
President, CEO & Director
No Bio Available
Mr. Christopher Snowden CPA
CFO & Corporate Secretary
No Bio Available
Ms. Regan Stewart
Chief Operations & People Officer
No Bio Available
Mr. John Doherty
Chief Science & Innovation Officer
No Bio Available
Mr. Don Bird
Executive VP and MD of Strategic Partners & Global Business Development
No Bio Available
Ms. Tara Martin
Senior VP & General Counsel
No Bio Available
Ms. Ruth Winker
Corporate Communications Director
No Bio Available
Mr. Eric Bentz
Executive VP of Global Marketing & MD of Canada
No Bio Available
Mr. Paul Galbraith
EVP & MD of USA
No Bio Available
Mr. Joel Scales
Executive Vice President of Jamieson International, Global Strategy & E-Commerce
No Bio Available

Contacts

Address
ONTARIO
TORONTO
1 Adelaide Street East, Suite 2200
Contacts