Update: Toronto Frozen Food Distribution Centre

Update: Toronto Frozen Food Distribution Centre

MONTREAL, Oct. 10, 2025 /CNW/ - METRO INC. (TSX: MRU) is providing an update regarding its frozen food distribution centre in Toronto, where operations were interrupted on September 12, 2025 due to a mechanical issue in the refrigeration system.

METRO continues to execute its contingency plan to ensure the replenishment of its stores. Thanks to the commitment of our teams and the collaboration of our partners, all Metro and Food Basics stores in Ontario continue to meet the needs of our customers.

The mechanical issue affected several components of the refrigeration system, but the repairs, which are complex, are progressing normally and should be completed in the coming weeks, after which operations will gradually resume.

The net after tax financial impact of this situation is estimated at $22 million in the fourth quarter of fiscal 2025, which includes inventory losses for the most part as well as other direct costs. Other non-recurring costs will also be incurred in the first quarter of fiscal 2026. These financial impacts do not include the amounts that METRO may recover from its insurers.

The Company plans to provide its next update when it will announce its fourth quarter results for fiscal 2025 on November 19, 2025.

Forward-looking information

This press release contains forward-looking statements which reflect management's expectations related to expected future events including, but not limited to, statements relating to the status and impact of the issue affecting the refrigeration system of the Frozen Distribution Centre in Toronto. This forward-looking information typically contains future or conditional tense verbs and the words "plan", "estimate" and "should" or other similar terms or other similar terms. These forward-looking statements are not facts, but only reflections of management's estimates and expectations. Although METRO believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to differ materially from management's expectations as set forth in such forward-looking statements for a variety of reasons, including availability of resources, continued analysis of the situation, the evolution of that situation and its impact, market and general economic conditions and the risks and uncertainties discussed in the "Risk Management" section in disclosure materials filed from time to time with Canadian securities regulatory authorities.

The forward-looking statements included in this press release are made only as of the date hereof and METRO does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise. Considering these risks, uncertainties and assumptions, the forward-looking events contained in these forward-looking statements may or may not occur. METRO cannot guarantee that anticipated results, plans or events will be achieved nor that they will occur within the anticipated timeframe.

About METRO Inc.

With annual sales of more than $21 billion, METRO Inc. is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well–being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of 995 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners. For more details, visit corpo.metro.ca and follow the latest news on LinkedIn.

SOURCE METRO INC.