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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Earnings

Blue Ant Media Reports Fourth Quarter and Full Year 2025 Financial Results

By The Northwire Desk — AI Analysis Nov 26, 2025 · 07:32 BAMI · 8.2 BLUE ANT MEDIA CORP SUBORDINATE VOTING S
BAMI · Price

Executive Summary

  • Blue Ant Media reported FY 2025 revenue of C$204.0 M (+3.9% YoY) and Q4 revenue of C$60.8 M (+12.2% YoY).
  • Adjusted EBITDA for the year was flat at C$37.1 M; Q4 adjusted EBITDA fell to C$12.0 M from C$14.2 M a year earlier.
  • Net income for FY 2025 declined to C$14.3 M (down from C$18.5 M), but Q4 net income surged to C$29.2 M versus a loss of C$14.1 M in Q4 2024, driven by a one‑time RTO gain.
  • The company announced a definitive arrangement agreement to acquire Thunderbird Entertainment (option for shareholders: 0.2165 BAMI shares and/or $1.77 cash per share, max cash consideration C$40 M).

Key Details

  • Revenue: FY 2025 C$204.0 M vs C$196.4 M YoY; Q4 2025 C$60.8 M vs C$54.2 M YoY.
  • Adjusted EBITDA: FY 2025 C$37.1 M (≈ flat); Q4 2025 C$12.0 M vs C$14.2 M YoY.
  • Net Income: FY 2025 C$14.3 M (down from C$18.5 M); Q4 2025 C$29.2 M vs loss of C$14.1 M in Q4 2024 (one‑time RTO gain).
  • Cash Position: Cash at August 31 2025 = C$54.5 M; expected additional cash of C$48.3 M by March 2026 from the RTO (C$34.7 M Value Assurance Payment + C$13.6 M promissory‑note monetization).
  • RTO Integration: Completed August 1 2025, acquiring Insight Productions, Proper Television, Jam Filled Entertainment; integration proceeding as anticipated.
  • Recent Transactions (post‑quarter):
  • Oct 2 2025 – acquisition of MagellanTV (global factual streaming service).
  • Oct 16 2025 – TSX approval for a normal‑course issuer bid.
  • Nov 26 2025 – definitive arrangement to acquire all Thunderbird Entertainment shares; shareholder election options: 0.2165 BAMI shares, $1.77 cash, or combination (max C$40 M cash).
  • Board Change: Kathryn Houlden stepped down from the Board on Nov 26 2025.
  • Conference Call: November 26 2025, 9 am EDT – webcast details provided for discussion of Q4/FY results and Thunderbird transaction.

Notable Quotes

“Our fourth quarter results highlight Blue Ant's ability to effectively monetize content through licensing, subscriptions and advertising… we believe we are well positioned to accelerate our transformation into a more diversified, resilient, and profitable, modern media company.” – Michael MacMillan, CEO

Materiality Assessment: Material – Neutral (the release contains full FY/quarter financial results and a material acquisition announcement).

Read the original news release →

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