Canada · Delayed Price · Currency is CAD Information Services Earnings Call Transcripts
Fiscal Year 2026
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Shareholders overwhelmingly approved the sale of all outstanding shares to 102236027 Saskatchewan Ltd., with over 99.84% voting in favor. The meeting confirmed quorum, followed proper governance, and acknowledged the contributions of the board and advisors.
Fiscal Year 2025
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Record 2025 results with revenue up 4% to CAD 257.8M and adjusted EBITDA at CAD 103.1M, driven by strong registry and services performance. 2026 guidance projects continued growth, with robust free cash flow and a strong competitive position across segments.
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Q3 2025 saw strong revenue and earnings growth, led by Saskatchewan registry operations and Recovery Solutions, with Adjusted EBITDA margin rising to 42%. Guidance remains cautious due to Ontario headwinds, but deleveraging and strategic review efforts are on track.
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Second quarter results were solid, with steady revenue and strong performance in Technology Solutions. Adjusted net income and free cash flow improved year-over-year, while net income declined due to higher expenses. Guidance for 2025 remains unchanged, with continued focus on deleveraging and operational growth.
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The meeting covered financial statement presentation, director elections, and auditor appointment, with all motions passed and results to be posted online. No shareholder questions were raised, and forward-looking risks were acknowledged.
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Q1 2025 saw 5% revenue growth year-over-year, driven by strong registry operations and offsetting the NOSI ban impact with higher-margin services. Adjusted EBITDA margin rose to 36.7%, and guidance for 2025 was reiterated, with continued deleveraging and a CAD 0.23 dividend declared.
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A diversified registry and information management provider projects strong growth, aiming to double revenue and Adjusted EBITDA by 2028 through organic expansion and M&A. Long-term contracts, resilient cash flow, and disciplined capital allocation underpin its strategy.
Fiscal Year 2024
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Record revenue and adjusted EBITDA were achieved in 2024, driven by strong Registry Operations and growth in Services and Technology Solutions. 2025 guidance anticipates continued organic growth, margin normalization, and ongoing investment, with M&A supporting long-term targets.
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Q3 2024 saw revenue up 12% and adjusted EBITDA up 18% year-over-year, led by strong Registry Operations and Technology Solutions. Guidance for 2024 is reaffirmed, with continued growth expected despite the impact of Ontario's NOSI ban on collateral management.
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The company operates across registry, services, and technology segments, anchored by a long-term Saskatchewan contract and a strong M&A track record. It targets doubling revenue and EBITDA by 2028, leveraging organic growth, disciplined acquisitions, and international expansion.
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Record Q2 2024 results with revenue up 27% and adjusted EBITDA up 53% year-over-year, driven by strong Registry Operations and Services performance. Guidance for 2024 is maintained, with continued growth expected in real estate and compliance-driven services.