GPM Investments and parent company Arko Corp.’s net income in second-quarter 2025 was $20.1 million compared to $14.1 million in the same period a year ago, the Richmond, Virginia-based company announced on Wednesday.
Earnings before interest, taxes, depreciation and amortization (EBITDA) was $76.9 million in the second quarter, compared with $80.1 million in the same period in 2024.
“In the second quarter, we delivered solid results while navigating continued macroeconomic headwinds and shifting consumer spending,” said Arie Kotler, chairman, president and CEO of Arko.
Kotler said the company made important progress across several key initiatives, including continued growth in higher-margin categories like the other tobacco products (OTP) segment.
He also said increased engagement from loyalty-driven promotions and the opening of the company’s first new-format store are “exceeding” expectations.
“We believe that these wins demonstrate that our strategy is working and building traction where it matters most—at the store level and with our customers,” he said.
As part of the company’s ongoing transformation plan, the company reported it converted 70 retail stores to dealer sites during the three months ending June 30.
Since the beginning of the retail store conversion initiative in the middle of 2024, the company said it has converted a total of 282 sites and plans to convert a “meaningful” number of additional stores throughout 2025 and into 2026.
The company said it continues to advance its new-to-industry (NTI) store pipeline, including the recent opening in Kinston, North Carolina. The company added that it has begun working on three more NTI stores, out of which two are targeted to open in the second half of 2025.
- 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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