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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's Infinity-FCM earns $676,000 in Q3

By The Northwire Desk — AI Analysis Nov 27, 2025 · 16:11 SERV · 1.05 Elevate Service Group Inc
SERV · Price

Executive Summary

  • Elevate Service Group Inc. reported strong Q3 2025 financial results for its acquired entities, Infinity Group Construction Inc. and First Choice Maintenance Inc. (collectively "Infinity-FCM"), showing significant growth in revenue and profitability.
  • The company completed the qualifying transaction and acquisition of Infinity-FCM on November 10, 2025, integrating them into Elevate's national facilities management platform.
  • EDVI, the acquisition vehicle, reported a net loss of $200,000 in Q3 2025, primarily due to start-up costs and one-time transaction expenses.

Key Details

  • Infinity-FCM Revenue: $9.2 million in Q3 2025, representing an increase of $2.0 million (28%) compared to Q3 2024.
  • Infinity-FCM EBITDA: $1.1 million in Q3 2025, an increase of $500,000 (84%) over Q3 2024.
  • Non-Recurring Fees: Q3 2025 EBITDA included $200,000 in non-recurring professional fees related to the Infinity-FCM transaction.
  • Infinity-FCM Free Cash Flow: $1.1 million in Q3 2025, an increase of $100,000 (15%) over Q3 2024.
  • EDVI Financials: Reported a net loss of $200,000 in Q3 2025, attributed to start-up costs and one-time transaction expenses.
  • Transaction Context: The Infinity-FCM transaction was completed concurrently with the qualifying transaction as defined by Policy 2.4 of the TSX Venture Exchange.
  • Strategic Outlook: CEO Paul Bissett highlighted strong organic growth driven by high demand for service offerings and attractive free cash flow conversion, positioning Elevate to grow organically and complete strategic acquisitions.

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, Chief Executive Officer of Elevate
Read the original news release →

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