ARKO Corp. announced its financial results for the first quarter ended March 31, 2025, reporting a net loss attributable to common shareholders of $14.090 million, a significant increase from a net loss of $2.008 million in the prior year period. Total revenues decreased by 11.8% year-over-year to $1.83 billion, primarily driven by declines in both fuel and merchandise revenue. Fuel revenue decreased by 11.3% due to lower average fuel prices and fewer gallons sold, while merchandise revenue saw a 14.5% decrease, largely impacted by stores converted to dealers and a 6.9% decline in same-store merchandise revenues.
The company's operating loss widened to $11.764 million from $4.866 million in the prior year, mainly due to lower same-store merchandise and fuel contribution, although partially mitigated by benefits from converted stores. Interest and other financial expenses increased significantly, largely due to unfavorable fair value adjustments on warrants. Despite these headwinds, site operating expenses decreased by 8.7%, demonstrating disciplined cost management, even with higher snow removal costs.
ARKO maintained its full-year 2025 Adjusted EBITDA guidance range of $233 million to $253 million, assuming a retail fuel margin of $0.40 to $0.42 per gallon. The company repurchased approximately 1.3 million shares of common stock for $5.2 million in Q1 2025, at an average price of $4.01 per share, with $20.5 million remaining under the program. Total liquidity stood at approximately $847 million as of March 31, 2025, including $265 million in cash and cash equivalents.
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