Arko Corp. reported its financial results for the third quarter ending September 30, 2025, this week: the company had a net income of $13.5 million, compared to $9.7 million in Q3 2024.

The retailer also reported an adjusted EBITDA for the quarter of $75.2 million compared to $78.8 million the year before.

As part of Arko’s ongoing transformation plan, the company said it converted 65 retail stores to dealer sites during the quarter for a total of 194 converted stores in the nine months ended September 30, 2025. The retailer also said it has begun working on three more NTI stores, of which two are targeted to open in the fourth quarter of 2025.

“The company advanced its retail store remodeling pilot program, which is designed to elevate the customer experience through improved layouts and a stronger food-forward focus that emphasizes hot grab-and-go breakfast, lunch and snacking, bakery, pizza and an expanded dispensed hot, cold and frozen beverage assortment. Two remodeled stores reopened in the summer of 2025, and the company plans to reopen a third location during the fourth quarter of 2025 and the remaining four stores in the first half of 2026,” Arko said.

The company reported merchandise margin for the quarter increased to 33.7% compared to 32.8% in Q3 2024.

“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. We’re encouraged by the early performance of our new format stores, the solid execution within our wholesale and fleet fueling operations, and the strength of our loyalty and OTP programs.”