IC Group Holdings Inc. Announces 74 Percent Revenue Growth in Third Quarter 2025

Executive Summary

• IC Group reported unaudited Q3 2025 results showing a 74% year‑over‑year revenue increase to C$7.3 M and a swing to a modest net loss of C$0.4 M from a C$3.2 M loss in Q3 2024.
• Adjusted EBITDA turned positive at C$0.4 M for the quarter (C$0.7 M YTD), reflecting improved operating performance across all segments.
• The company secured two new agreements valued up to US$7.8 M and expanded its Fannex product adoption, underscoring continued growth momentum.

Key Details

• Revenue: C$7.3 M in Q3 2025 (↑74% YoY); C$19.8 M for the nine‑month period (↑59%).
• Gross Profit: C$3.3 M in Q3 2025 (↑61% YoY); C$9.0 M YTD (↑39%).
• Gross Margin: 45% in Q3 2025 vs. 49% in Q3 2024; 46% YTD vs. 52% prior year – margin compression due to higher‑volume, lower‑margin messaging revenue.
• Net Loss: C$0.4 M for the quarter (vs. C$3.2 M loss in Q3 2024).
• Adjusted EBITDA: C$0.4 M Q3 2025 (↑ from –C$0.5 M YoY); C$0.7 M YTD (↑ from C$0.2 M YTD 2024).
• Annual Recurring Revenue (ARR): Represented 66% of Q3 revenue (up from 61% YoY) and 68% YTD (vs. 62% prior year).

Segment Highlights

• Digital Promotions (IC Engage) – Revenue C$3.4 M (↑54% YoY); Gross margin 65% (↑7 pts). Growth driven by U.S. campaign activity and the Emotion Media acquisition.
• Mobile Messaging (IC Mobile) – Revenue C$3.2 M (↑116% YoY); Gross margin 20% (down 7 pts) reflecting higher‑volume wholesale business and transition toward Rich Communication Services (RCS).
• Insurance Solutions (IC Insurance) – Revenue C$0.7 M (↑40% YoY); Gross margin 65% (slightly down from 69%).

Business & Contract Updates

• Executed two agreements with a longstanding global enterprise technology customer, total contract value up to US$7.8 M, to be delivered via IC Engage in late‑2025 and 2026.
• Fannex product adoption grew to 94 active professional/semi‑professional teams (↑7% since June 30 2025).
• Continued integration of IC Mobile’s messaging gateway to support higher traffic volumes and RCS capabilities.

Investor Relations

• An investor webinar is scheduled for 2025‑11‑27 at 9:30 AM EDT, where CEO Duncan McCready and CFO John Penhale will discuss the results and strategic priorities.
• Webinar registration link: https://bit.ly/ICGH_Q3_2025; recording and materials to be posted on the investor‑relations website.

Notable Quotes

“Q3 represented another period of strong, consistent progress as we delivered 74% revenue growth… ARR made up 66% of quarterly revenue, showing the strength of customer relationships and product‑market fit.” – Duncan McCready, CEO

Materiality Assessment: Material – Positive (significant revenue growth, turnaround to positive adjusted EBITDA, and new multi‑million‑dollar contracts indicate material impact on the company’s financial outlook).