Mattr Announces Third Quarter 2025 Results

Executive Summary

• Mattr Corp. reported Q3 2025 revenue of C$315 M (up 39% YoY) and Adjusted EBITDA of C$34 M, a 16% increase year‑over‑year.
• Net income for the quarter was C$2.9 M ($0.05 diluted EPS). The company completed a US$16.2 M acquisition of an intermediary agent supporting its Composite Technologies segment.
• Full‑year 2025 capital expenditures are now projected at $50‑$60 M (down from $60‑$70 M) and the firm repurchased ~0.4 M shares for $5.2 M.

Key Details

• Revenue: C$315 M (Continuing Operations); Connection Technologies $184 M (+105% YoY), Composite Technologies $131 M (−4% YoY).
• Operating Income: C$17 M total; Connection Technologies $11 M, Composite Technologies $10.7 M.
• Adjusted EBITDA: C$34 M for Q3 2025 (+16% YoY); segment Adjusted EBITDA – Connection Technologies $19.5 M (+62% YoY), Composite Technologies $19.8 M (−2% YoY).
• Net Income / EPS: Net income C$2.9 M; diluted EPS $0.05. Adjusted diluted EPS also $0.05.
• Acquisition: 100% of an intermediary agent for US$16.2 M (≈C$22.5 M) to secure supply of metallic components for Composite Technologies.
• Share Repurchase: ~0.4 M common shares bought back at a weighted‑average price of $11.6, total consideration $5.2 M.
• Capital Expenditure Guidance: FY 2025 capex now expected $50‑$60 M (previously $60‑$70 M). Approximately $15 M allocated to maintenance; remainder to growth projects including completed MEO initiatives.
• Debt Metrics: Net debt C$572.6 M; net‑debt‑to‑Adjusted EBITDA ratio 3.86× (up from 1.01× prior year). Interest coverage ratio 3.94×.
• Outlook: Anticipates lower Q4 2025 revenue and Adjusted EBITDA versus Q3 due to seasonal slowdown and macro‑economic weakness; expects continued debt repayment focus and potential opportunistic acquisitions.
• Conference Call: Shareholder/analyst call scheduled for Nov 13, 2025 at 9:00 AM ET (details provided).

Notable Quotes

“During the third quarter, Mattr leveraged its high‑value portfolio… delivering year‑over‑year revenue growth of 39% from our continuing operations…” – Mike Reeves, President & CEO
“We continue to prioritize actions and investments necessary to enable sustained technical differentiation… positioning Mattr to deliver optimal value to our critical infrastructure customers.” – Mike Reeves, President & CEO

Materiality: Material – Positive (quarterly earnings release with significant revenue growth, acquisition, and revised capital‑expenditure guidance).