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AII 19.25 +3.9% GGA 5.95 +12.3% VM 0.140 +3.7% GSR 0.365 +1.4% QCX 0.195 +0.0% EAU 0.085 +0.0% MCM 0.310 +0.0% BAT 0.100 +5.3% SFR 0.370 +68.2% FFU 0.125 +4.2% TVI 0.045 −10.0% ZNX 0.080 +0.0% TSK 1.06 +0.9% OMM 0.050 +0.0% EMO 0.320 −7.2% MDM 0.060 +0.0% AII 19.25 +3.9% GGA 5.95 +12.3% VM 0.140 +3.7% GSR 0.365 +1.4% QCX 0.195 +0.0% EAU 0.085 +0.0% MCM 0.310 +0.0% BAT 0.100 +5.3% SFR 0.370 +68.2% FFU 0.125 +4.2% TVI 0.045 −10.0% ZNX 0.080 +0.0% TSK 1.06 +0.9% OMM 0.050 +0.0% EMO 0.320 −7.2% MDM 0.060 +0.0%
Earnings

Elevate Service Group Announces Strong Q3 2025 Financial Results

By The Northwire Desk — AI Analysis Nov 27, 2025 · 08:01 SERV · 1.05 Elevate Service Group Inc.
SERV · Price

Executive Summary

  • Elevate Service Group Inc. reported Q3 2025 results for its newly acquired subsidiaries Infinity Group Construction Inc. and First Choice Maintenance Inc., showing revenue of $9.2 M (up 28% YoY) and EBITDA of $1.1 M (up 84% YoY).
  • The combined entities generated free cash flow of $1.1 M, a 15% increase over Q3 2024, despite a $0.2 M non‑recurring professional fee related to the acquisition.
  • EDVI, the vehicle used for the qualifying transaction, posted a net loss of $0.2 M in Q3 2025, reflecting start‑up costs and one‑time transaction expenses.

Key Details

  • Revenue: $9.2 million for Q3 2025 (↑ $2.0 M or 28% vs. Q3 2024).
  • EBITDA: $1.1 million for Q3 2025 (↑ $0.5 M or 84% vs. Q3 2024); includes $0.2 M non‑recurring professional fees from the Infinity‑FCM transaction.
  • Free Cash Flow: $1.1 million for Q3 2025 (↑ $0.1 M or 15% vs. Q3 2024).
  • Cash Provided by Operations: $1,067 k in Q3 2025 vs. $1,081 k in Q3 2024.
  • Capital Expenditures: $6 k in Q3 2025 (down from $159 k in Q3 2024).
  • Net Income: $676 k for Q3 2025 vs. $359 k for Q3 2024.
  • EDVI Net Loss: $0.2 million in Q3 2025, attributable to start‑up costs and one‑time transaction expenses.
  • Qualifying Transaction Completion: The Infinity‑FCM acquisition was completed concurrently with the previously announced qualifying transaction, fully satisfying TSX Venture Exchange Policy 2.4.
  • Management Comment: CEO Paul Bissett highlighted strong organic growth, attractive free cash flow conversion, and the company’s strengthened capital position to pursue further acquisitions and expand its facilities management platform.

Notable Quotes

“We are pleased with the financial results of Infinity and FCM for Q3 2025, with strong organic growth driven by high demand for Infinity and FCM's service offerings, and attractive free cash flow conversion. With the Qualifying Transaction now complete, Elevate is well capitalized to grow organically, complete strategic acquisitions, and deliver professionalized facilities management services to a growing book of national customers.” – Paul Bissett, CEO

Read the original news release →

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