Investor News
Press Release.
OTC: PSSOF
FSE: ZE6
PesoRama Reports 2027 Q1 Financial Results
- Total sales increased by 36% to $7,510,250 compared to 2025
- Gross profits increased by 21% to $2,527,806 compared to 2025(i)
- Average traffic increased by 19% compared to 2025
- Closed an oversubscribed non-brokered private placement for gross proceeds of over $10 million and a $21 million convertible debenture offering to retire senior debt(ii)
TORONTO, ON – June 29, 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 three months ended April 30, 2026 (“Q1 Fiscal 2027”). All financial figures are in Canadian dollars unless otherwise noted.
“As one of the true dollar store companies in Mexico, we delivered a strong start to fiscal 2027,” said Rahim Bhaloo, Founder, CEO and Chairman of the Board of PesoRama. “Total sales grew 36% to $7.5 million, driven by continued demand for our value offering and the contribution of new stores. During and subsequent to the quarter we continued to expand our network across Mexico City, while deepening our presence in the state of Puebla. 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: 2027 Q1 vs 2026 Q1
- Total sales increased by 36% to $7,510,250, compared to $5,533,533 in Q1 Fiscal 2026, driven by the contribution of new JOi Dollar Plus stores and continued organic growth.
- Gross profit increased by 21% from $2,085,925 to $2,527,806 (ii), reflecting continued sales growth and improvement in product sourcing.
- Average traffic increased by 19% as a result of increased demand and increased product assortment.
- The Company opened four new JOi Dollar Plus stores during the quarter, continuing its expansion across Mexico City and the State of Mexico.
- Closed an oversubscribed non-brokered private placement for aggregate gross proceeds of $10,048,501.
- Calculated before inventory write-down provision relating to inventory which is still considered sellable
- Includes convertible debentures closed subsequent to the three months ended April 30, 2026 for total gross proceeds of $21M
Key Achievements Fiscal Year 2027
- On February 21, 2026, the Company opened Store #32, a 5,823 square-feet location in the Azcapotzalco neighborhood of Mexico City, approximately 10 kilometers from Mexico City’s historic center.
- On February 28, 2026, the Company opened Store #33, a 4,898 square-feet location inside the Luna Parc shopping center in Cuautitlán Izcalli, State of Mexico.
- In March 2026, the Company opened Store #34, a 7,987 square-feet location in Puebla’s historic center, the Company’s second store in the state of Puebla.
- On March 31, 2026, the Company opened Store #35, a 3,638 square-feet location at Parque Tepeyac, a high-density residential and commercial area northeast of Mexico City.
- On April 23, 2026, the Company closed an oversubscribed non-brokered private placement, issuing 28,710,003 units at $0.35 per unit for aggregate gross proceeds of $10,048,501.
- Subsequent to quarter end, on June 18, 2026, the Company closed an upsized offering of 21,000 senior unsecured convertible debentures for aggregate gross proceeds of $21,000,000, the net proceeds of which were used to repay outstanding senior debt.
- Subsequent to quarter end, the Company opened Store #36 (Ojo de Agua, Tecámac, State of Mexico) and Store #37 (San Esteban, Naucalpan). The Company also announced the opening of additional stores, including, Store #38 (Xochimilco), Store #39 (Valle de Bravo) and Store #40 (ETRAM Azteca).
This earnings news release should be read in conjunction with the Company’s condensed consolidated interim financial statements for the three months ended April 30, 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.