Jamieson Wellness (TSE:JWEL) Announces Earnings Results

Jamieson Wellness (TSE:JWEL) issued its quarterly earnings data on Thursday. The company reported C$0.90 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$277.66 million during the quarter. Jamieson Wellness had a return on equity of 8.99% and a net margin of 5.57%.

Here are the key takeaways from Jamieson Wellness’ conference call:

• Full-year 2025 results showed strong momentum with consolidated revenue up ~12%, the branded business nearly +16%, Q4 Jamieson Brands +17%, and double-digit growth in Adjusted EBITDA and operating cash flow supported by gross margin expansion.
• China was the primary growth engine (full-year revenue up >56%), driven by performance marketing that improved awareness-to-trial by 57% and trial-to-regular buyer conversion by 81%, with digital gains also lifting in-store sales.
• 2026 guidance targets consolidated revenue of CAD 895–935M (9–14% growth), Adjusted EBITDA of CAD 174–181M, and adjusted diluted EPS of CAD 2.08–2.21, with regional growth expectations led by China and the U.S.
• Balance sheet and shareholder returns remain strong: year-end cash and facilities ~CAD 126.6M, Q4 cash from operations CAD 31.9M, full-year share repurchases CAD 37.9M and dividends ~CAD 37.2M (Q1 dividend CAD 0.23 declared).
• Costs and working capital increased pressure on cash—SG&A rose 20% in Q4 (higher marketing, variable comp and CAD 2.7M in M&A diligence costs) while inventories/working capital rose CAD 18.8M in Q4 and are expected to increase CAD 25–35M in 2026; strategic partner revenues also declined ~4.4% in Q4.

Jamieson Wellness Trading Down 2.8%

JWEL opened at C$37.71 on Friday. The firm has a 50 day simple moving average of C$35.55 and a 200 day simple moving average of C$35.41. Jamieson Wellness has a fifty-two week low of C$27.90 and a fifty-two week high of C$39.30. The company has a market cap of C$1.58 billion, a price-to-earnings ratio of 26.37 and a beta of 1.59. The company has a debt-to-equity ratio of 75.70, a current ratio of 2.76 and a quick ratio of 1.08.

Jamieson Wellness Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. Jamieson Wellness’s payout ratio is 60.14%.

Analyst Ratings Changes

Separately, National Bank Financial upped their price target on shares of Jamieson Wellness from C$40.50 to C$45.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$43.50.

About Jamieson Wellness

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.