Earnings
Decisive Dividend Corporation Reports Financial Results for the Three and Nine Months Ended September 30, 2025

DE · Price
Executive Summary
- Decisive Dividend Corp. reported Q3 2025 sales of $34.0 M (up 5% YoY) and nine‑month sales of $109.4 M (up 21% YoY).
- Adjusted EBITDA rose to $5.8 M for the quarter (+3%) and $18.1 M for the first nine months (+39%).
- Free cash flow less maintenance capital increased 53% YoY to $9.2 M for the nine‑month period, driving the trailing‑twelve‑month dividend payout ratio down to 76% from 95%.
Key Details
- Sales: Q3 2025 consolidated sales $33.972 M (+5% vs. Q3 2024); nine‑month sales $109.416 M (+21%).
- Gross Profit: Quarter gross profit $13.366 M (+11% YoY); nine‑month gross profit $41.692 M (+25%).
- Adjusted EBITDA: $5.812 M for Q3 2025 (+3% YoY); $18.125 M for nine months (+39%).
- Net Profit: Quarter net profit $0.78 M ($0.04 per share) vs. $0.95 M ($0.05 per share) in Q3 2024 (‑18%). Nine‑month net profit $3.80 M ($0.19 per share) vs. $0.14 M ($0.01) in 2024 (+2634%).
- Free Cash Flow: Quarter $2.967 M (‑12% YoY); nine months $9.989 M (+50%).
- Free Cash Flow Less Maintenance Capital: Quarter $2.831 M (‑12% YoY); nine months $9.225 M (+53%).
- Dividends Declared: Q3 2025 $2.698 M (≈$0.14 per share); nine months $8.040 M (≈$0.41 per share).
- Dividend Payout Ratio: Trailing‑12‑month ratio 76% vs. 95% a year earlier.
- Segment Highlights:
- Finished Product sales +20%; Component Manufacturing sales –8% YoY.
- Agricultural product sales more than doubled; wear parts up 14%.
- Merchandising sales boosted by August acquisition of Venger.
- Acquisitions: Three acquisitions announced in Q3 2025 (including Venger). Debt financing used for these deals, improving balance‑sheet leverage.
- Order Backlog: Year‑to‑date order backlog up ~10% vs. prior year.
- Conference Call: November 5 2025, 8:00 am PT / 11:00 am ET; call details and replay numbers provided.
Notable Quotes
“Our performance in the face of marketplace uncertainty has demonstrated the resilience of our current dividend level… we remain focused on continuing to grow our business both organically and through acquisition.” – Jeff Schellenberg, CEO
All amounts are expressed in Canadian dollars unless noted otherwise.
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