Sylogist loses $900,000 in Q3

Executive Summary

• Sylogist Ltd. reported strong third‑quarter FY2025 performance, with SaaS ARR up 15 % YoY to $33.6 M and total ARR increasing 5 % YoY to $45.8 M.
• Adjusted EBITDA margin reached 19.3 % ($3.1 M) while the company posted a modest net loss of $0.9 M, reflecting continued profitability improvement.
• The board approved a dividend of C$0.01 per share payable on Dec. 10 2025.

Key Details

• SaaS ARR: $33.6 million (↑15 % YoY)
• Total ARR: $45.8 million (↑5 % YoY)
• SaaS Net Revenue Retention (NRR): 106 %
• ARR Bookings (quarter): $1.0 million
• Total Contract Value of bookings: $5.9 million
• Adjusted EBITDA margin: 19.3 % ($3.1 million)
• Net loss: $0.9 million for the quarter
• Gross profit margin: 60 %
• Recurring revenue proportion: 72 % of total revenue
• Partner‑driven ARR bookings: 48 % of quarterly ARR bookings were sourced through partners, highlighting the effectiveness of the partner strategy.
• Dividend approval: Board declared a dividend of C$0.01 per share for shareholders of record on Nov. 28 2025; payment scheduled for Dec. 10 2025.
• Conference call: Scheduled for Nov. 6 2025 at 8:30 a.m. EDT; toll‑free numbers provided for U.S. and international participants.

Notable Quotes

“Our third quarter performance further validates our transformation to a SaaS‑driven enterprise,” said Bill Wood, CEO. “We are very pleased with the traction we’re seeing with our partner strategy, as evidenced by 48 % of ARR bookings in the quarter being partner driven.”