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Earnings

Altus Group Reports Q3 2025 Financial Results & Announces Q4 2025 Dividend Payment

By The Northwire Desk — AI Analysis Nov 06, 2025 · 16:17 AIF · 53.63 ALTUS GROUP LIMITED
AIF · Price

Executive Summary

  • Altus Group reported Q3 2025 revenue of C$133.3 M, a 2.2% increase YoY, with recurring revenue up 5.2% to C$102.4 M.
  • Adjusted EBITDA rose 16.1% YoY to C$25.6 M and margin expanded to 19.2% (up 230 bps). Free cash flow increased 36.5% to C$21.9 M.
  • The Board approved a Q4 2025 cash dividend of $0.15 per common share payable on Jan 15 2026; DRIP terms disclosed.

Key Details

  • Financial Highlights (Q3 2025 vs Q3 2024):
  • Revenue: C$133.3 M vs C$128.4 M (+2.2%).
  • Recurring Revenue: C$102.4 M vs C$95.4 M (+5.2%).
  • Adjusted EBITDA: C$25.6 M vs C$21.6 M (+16.1%).
  • Adjusted EBITDA margin: 19.2% vs 16.8% (↑230 bps).
  • Analytics Adjusted EBITDA margin: 32.8% vs 30.3% (↑250 bps).
  • Net cash from operating activities: C$22.6 M vs C$18.4 M (+22.8%).
  • Free Cash Flow: C$21.9 M vs C$16.0 M (+36.5%).

  • Funded debt/EBITDA ratio improved to 1.21 from 2.07.

  • Profitability: Profit (loss) from continuing operations turned positive at C$0.5 M versus a loss of C$(2.9) M in Q3 2024. Adjusted earnings per share: $0.38 vs $0.19 YoY.

  • Balance Sheet Highlights (Sept 30 2025):

  • Cash & cash equivalents: C$405.1 M (up from C$41.9 M).

  • Total assets: C$1,267.2 M; shareholders’ equity: C$828.9 M.

  • Cash Flow Summary (Nine months ended Sept 30 2025):

  • Net cash provided by operating activities: C$51.0 M.
  • Financing cash outflow: –C$329.3 M (primarily borrowings repayment, dividend payments, share cancellations).

  • Investing cash inflow: +C$636.5 M (disposal of discontinued operations).

  • Business Outlook (Guidance):

  • Analytics: 3‑5% revenue growth; 5‑7% recurring revenue growth; 200‑300 bps Adjusted EBITDA margin expansion.
  • Appraisals & Development Advisory: Low‑single‑digit revenue decline; flat Adjusted EBITDA margin.

  • Consolidated: 2‑4% revenue growth; 100‑200 bps Adjusted EBITDA margin expansion (FY 2025).

  • Dividend Announcement: Board approved cash dividend $0.15 per share for Q4 2025, payable Jan 15 2026. DRIP price set at 96% of weighted average closing price over five trading days preceding payment.

  • Conference Call: Held Nov 6 2025, 5:00 p.m. ET; webcast link provided.

Notable Quotes

(No direct quotes were included in the release.)

Read the original news release →

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