Canada · Delayed Price · Currency is CAD WELL Health Technologies Earnings Call Transcripts
Fiscal Year 2025
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Annual revenue grew 52% to CAD 1.4 billion, with record Adjusted EBITDA and strong free cash flow. Canadian clinics and technology segments drove growth, while U.S. asset divestitures and expanded credit facilities position the company for continued M&A and margin expansion.
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Q3 2025 saw record revenue and EBITDA, driven by strong Canadian clinics, WELLSTAR, and HealWell performance. Guidance for 2025 is reaffirmed, with a robust M&A pipeline and ongoing US asset divestitures expected to further enhance growth.
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Record Q2 2025 results with revenue up 57% and adjusted EBITDA up 231% year-over-year, driven by strong Canadian Clinics, Wellstar, and HEALWELL AI performance. Guidance for 2025 revenue and adjusted EBITDA was raised, with a robust M&A pipeline and ongoing U.S. asset divestitures.
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Record Q1 2025 revenue and EBITDA growth were driven by Canadian operations and strategic acquisitions, while the company accelerates its shift to focus on the Canadian market by divesting U.S. care assets. Guidance for 2025 remains strong, with robust M&A and capital allocation plans.
Fiscal Year 2024
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Record 2024 revenue and net income were achieved despite significant IFRS-driven revenue deferrals, with strong Canadian growth and robust M&A activity. 2025 guidance projects record revenue and EBITDA, driven by deferred revenue recognition, HEALWELL consolidation, and continued Canadian expansion.
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Record Q3 results with revenue up 23% and Adjusted EBITDA up 16% year-over-year, driven by strong organic growth in both Canadian and U.S. businesses. Raised 2024 revenue guidance, maintained EBITDA outlook, and advanced major M&A and strategic initiatives.
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Q2 2024 saw 42% revenue growth and record net income, with strong performance across all segments and improved guidance for the year. Strategic initiatives include potential spin-outs, divestments, and major AI partnerships, while dilution and leverage continue to decline.
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The meeting confirmed quorum, set the board at six directors, and approved all motions via electronic voting. An in-person investor day is scheduled for June 18 in Toronto, with recordings to be made available online.