Arko Corp., the parent company of convenience-store retailer GPM Investments, reported higher third-quarter earnings compared with a year earlier.
Net income for third-quarter 2025 was $13.5 million compared with $9.7 million the same period last year, the company said Wednesday.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for third-quarter 2025 dipped to $75.2 million, versus $78.8 million in third-quarter 2024. The company reported merchandise margin for the quarter increased to 33.7% compared with 32.8% the same period last year.
As part of the company’s ongoing transformation plan, Arko reported it converted 65 retail stores to dealer sites during the three months ending Sept. 30, for a total of 194 stores converted in the nine months ended Sept. 30. The company said it will continue to execute its dealerization program in 2026.
“Our third-quarter results demonstrate continued and steady progress as we execute our transformation plan,” said Arie Kotler, chairman, president and chief executive officer of Arko. “While the consumer environment remains difficult, we are staying disciplined, advancing our dealerization program, focusing on efficiency and improving how our stores operate.”
Looking to elevate the customer experience, the company reported it has advanced its retail store remodeling pilot program with two remodeled stores that reopened in the summer of 2025.
The company said it plans to reopen a third location in fourth-quarter 2025 and four stores in the first half of 2026.
“We’re encouraged by the early performance of our new-format stores, the solid execution within our wholesale and fleet fueling operations,” Kotler said.
As for new store growth, the company continued to expand its network through new-to-industry (NTI) locations, opening two new stores in 2025, including one in Kinston, North Carolina, in July. Three more NTI stores are targeted to open in fourth-quarter 2025, Arko said.
“The company is advancing a number of NTI cardlock locations with target openings during 2026, reflecting the attractive, recurring cash flow profile of this business,” Arko said.
- GPM Investments is No. 7 on CSP’s 2025 Top 202 ranking of U.S. c-store chains by store count.
GPM Investments is a wholly owned subsidiary of Richmond, Virginia-based Arko Corp. It has more than 1,500 stores under more than 25 regional store brands, including fas mart, Li’l Cricket and Scotchman.
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