Exco Technologies Limited Announces Results for Fourth Quarter and Year Ended September 30, 2025
Executive Summary
- Exco Technologies reported FY 2025 fourth‑quarter sales of $150.7 M (down 3% YoY) and full‑year sales of $615.3 M, with net income of $8.2 M ($0.22 EPS) for the quarter.
- Quarterly dividend of $0.105 per common share declared, payable December 31 2025 to shareholders of record November 17 2025.
- Management highlighted resilient cash generation (Free Cash Flow $13.8 M Q4, $40.7 M FY) and outlined outlook amid tariff uncertainty, noting withdrawal of FY 2026 guidance.
Key Details
- Financial Highlights – Quarter (3 months ended Sep 30 2025)
- Sales: $150.7 M (‑3% vs. $155.4 M in 2024)
- Net income: $8.2 M (↑6% vs. $7.7 M in 2024)
- EPS (basic & diluted): $0.22 (↑10¢ vs. $0.20 in 2024)
- EBITDA (non‑GAAP): $18.0 M (12% of sales, down from $20.6 M)
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Free Cash Flow: $13.8 M (Q4); $40.7 M FY 2025
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Financial Highlights – Full Year (ended Sep 30 2025)
- Sales: $615.3 M (‑3% vs. $637.8 M in 2024)
- Net income: $24.3 M (↓17% vs. $29.6 M in 2024)
- EPS: $0.63 (down from $0.76)
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EBITDA: $69.0 M (84% of prior‑year level)
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Segment Performance
- Automotive Solutions: Q4 sales $77.9 M (‑2% YoY); pretax profit $5.1 M (down 35%).
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Casting & Extrusion: Q4 sales $72.7 M (‑5% YoY); pretax profit $4.5 M (down 29%).
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Dividend – Quarterly cash dividend of $0.105 per common share, payable Dec 31 2025 to shareholders of record Nov 17 2025; designated as an “eligible dividend” under the Canadian Income Tax Act.
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Liquidity & Capital Structure
- Net debt at quarter‑end: $67.1 M (down from $73.4 M).
- Available banking facility liquidity: $61.6 M.
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Capital expenditures: $11.1 M in Q4 (incl. $4.5 M growth capital).
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Outlook & Guidance
- FY 2026 revenue, EBITDA and EPS targets withdrawn due to heightened tariff uncertainty.
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Management reaffirmed confidence in long‑term strategic initiatives, greenfield investments, and reshoring trends that should support future growth.
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Conference Call – Investor call scheduled for Nov 27 2025 at 10:00 a.m. Toronto time; webcast link provided.
Notable Quotes
“In Fiscal 2025, Exco demonstrated the resilience built into our business model by navigating significant industry headwinds—including tariffs, delayed EV adoption, evolving regulations and softer vehicle production—while delivering solid free cash flow…” – Darren Kirk, President & CEO.
All figures are presented in U.S. dollars unless otherwise noted.