Canada · Delayed Price · Currency is CAD Colliers International Group Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 12% revenue growth and robust performance in Capital Markets, Leasing, and Engineering, with strong fundraising momentum and a positive outlook for the year. Integration costs in Investment Management are expected to ease, and the Ayesa acquisition will expand capabilities.
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The meeting covered auditor appointment, director elections, a stock option plan amendment, and an advisory vote on executive compensation, with all resolutions passing by majority. No shareholder questions were raised, and detailed voting results will be published.
Fiscal Year 2025
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2025 saw strong growth across all segments, with revenues up 5% and adjusted EBITDA up 6% year-over-year. The Ayesa acquisition will drive engineering growth, while Capital Markets and Investment Management are set for robust expansion in 2026. Leverage will rise post-acquisition but is expected to decline through cash flow and EBITDA growth.
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Third-quarter revenue rose 23% year over year, led by strong growth in engineering and real estate services, with adjusted EBITDA up 24%. Assets under management reached $108.3 billion, and $9 billion in dry powder positions the company for further expansion. Integration costs and gradual capital markets recovery are expected to modestly impact margins in the near term.
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Q2 results surpassed expectations with 17% revenue growth, led by Engineering and strong M&A activity. Outlook was raised, driven equally by acquisitions and organic growth, with AUM exceeding $108 billion pro forma after the RoundShield acquisition.
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Q1 revenue grew 16% year-over-year to $1.1B, led by engineering and investment management. Free cash flow and margins improved, with AUM surpassing $100B. Outlook remains cautious but optimistic for H2, with continued growth expected across segments.
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The meeting highlighted strong 2024 financial results, major acquisitions, and strategic growth in recurring services and investment management. All board, auditor, and compensation resolutions passed, with no questions raised by shareholders.
Fiscal Year 2024
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Q4 saw 22% revenue growth and 14% higher Adjusted EBITDA, led by Engineering and Capital Markets. 2025 guidance calls for high single-digit to low teens revenue growth, with strong fundraising and margin expansion in Engineering, and Investment Management margins set to rebound in 2026.
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Operating segments were realigned, driving double-digit revenue growth and strong performance in capital markets and engineering. Fundraising in investment management lagged expectations, but assets under management rose and new acquisitions expanded the platform. Margin and EPS guidance were revised due to fundraising shortfalls, with improved conditions expected in 2025.
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Second quarter saw 6% revenue and Adjusted EBITDA growth, with leasing and capital markets rebounding and recurring revenues now 72% of earnings after the AntGlobe acquisition. Outlook remains positive, with gradual capital markets recovery and continued investment in growth segments.