Investor News
Press Release.
OTC: PSSOF
FSE: ZE6
PesoRama Reports 2026 Financial Results
- Total sales increased by 14% to $26,704,371
- Gross profits increased by 15% to $9,925,973(ii)
- Product gross margins increased by 1.2% to 45.6%
- Same store sales increased by 5.2% in 2026 compared to 2025 (i)
- Average ticket increased by 12.8% in 2026 compared to 2025
- Raised gross proceeds of $21.8 million through three oversubscribed equity financings(iii)
TORONTO, ON – June 1, 2026 – PesoRama Inc. (TSXV: PESO) (“PesoRama” or the “Company“), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus Stores brand, today announced its financial results for the year ended January 31, 2026 (“FY 2026”). All financial figures are in Canadian dollars unless otherwise noted.
“As the only true dollar store company in Mexico, fiscal 2026 was a year of deliberate and significant investment in our future,” said Rahim Bhaloo, Founder, CEO and Chairman of the Board of PesoRama. “We opened six new JOi Dollar Plus stores during the year, including our first location in the state of Puebla, growing our network by 24% and expanding our geographic footprint beyond Mexico City. Total sales grew 14% to $26.7 million and product gross margins continued to improve, reflecting the strength of our merchandising strategy and product assortment. The strong investor support we received, raising gross proceeds of $11.8 million through two oversubscribed equity financings during the year and an additional $10.0 million in subsequent private placement, is a clear validation of our growth strategy. We remain focused on expanding our footprint, deepening brand loyalty, and delivering long-term value for our shareholders in an underserved market with significant runway ahead.”
Key Highlights: 2026 vs 2025
- Total sales increased by 14% to $26,704,371, driven by a 5.2% increase in same store sales(i) from the organic growth of existing stores, and the opening of six new JOi Dollar Plus stores during the fiscal year resulting in a 24% increase in our store network.
- Gross profit increased by 15% from $ 8,623,987(ii) during the year ended January 31, 2025 to $9,925,973(ii) during the year ended January 31, 2026.
- Product gross margins increased by 1.2% from $10,424,204 or 44.5% to $12,189,194 or 45.6%, reflecting continued improvement in sourcing and product assortment across all departments.
- Average ticket increased by 12.8% as a result of increase in demand and increased product assortment.
- Same store sales stated in local currency
- Calculated before inventory write-down provision relating to inventory which is still considered sellable
- Includes private placement closed subsequent to the year-ended January 31, 2026 for total gross proceeds of $10M
Key Achievements Fiscal Year 2026
- On April 26, 2025, the Company opened Store #26, a 4,370 square-feet location inside the “City Shops del Valle” mall in the Del Valle neighborhood of Mexico City.
- On May 31, 2025, the Company opened Store #27, a 5,177 square-feet location inside the “Patio Martin Carrera” mall in the Martin Carrera neighborhood of Mexico City.
- In July 2025, the Company closed an oversubscribed equity financing for gross proceeds of $6.8 million, strengthening its balance sheet to support continued store expansion and working capital requirements.
- On July 24, 2025, the Company opened Store #28, a 5,403 square-feet location near the new Hospital de la Luz complex in the Agrícola Oriental neighborhood of Mexico City.
- On November 21, 2025, the Company opened Store #29, a 6,340 square-feet location in the Roma Norte neighborhood of Mexico City.
- On December 13, 2025, the Company opened Store #30, a 6,620 square-feet location situated approximately one kilometer from the Zócalo, Mexico City’s main square.
- On December 21, 2025, the Company opened Store #31, a 4,542 square-feet location in the Parque Puebla retail district, representing the Company’s first store in the state of Puebla and its first expansion beyond Mexico City.
- In November 2025, the Company completed a $5.0 million equity financing, further strengthening its financial position to support the ongoing growth strategy.
This earnings news release should be read in conjunction with the Company’s consolidated financial statements for the year ended January 31, 2026, which can be found on PesoRama’s issuer profile on SEDAR at www.sedarplus.ca.
PesoRama Inc. is a Mexican value retailer that currently operates a chain of stores in Mexico under the brand name "JOi Dollar Plus." PesoRama's stores offer a broad range of everyday household products, seasonal goods, and pet supplies at affordable prices. The Company's mission is to become Mexico's premier dollar store chain, targeting expansion to 500+ locations across Mexico.
For more information, visit pesorama.ca.
This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on assumptions and involve known and unknown risks, uncertainties, and other factors which may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements, except as required by applicable law.
Neither the 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.