President & CEO Letter to Shareholders
Executive Summary
- Nova Leap Health Corp. reported record 2025 financial results: consolidated revenues of $31.5 M (up 22.2% YoY) and adjusted EBITDA of $2.05 M (up 31.0% YoY).
- The company announced its evolution from a pure home‑care provider to a broader community‑based care organization, adding Care Management and Palliative Care services (launched earlier) and outlining plans for Private Nursing in fiscal year 2027.
- Capital allocation remains focused on organic growth, selective acquisitions, and investment in leadership, clinical oversight, and systems to support the expanded service portfolio.
Key Details
- Financial Highlights (2025):
- Consolidated revenue: $31.5 M (CAD $44.0 M), a 22.2% increase YoY.
- Adjusted EBITDA: $2.05 M (CAD $2.8 M), a 31.0% increase YoY.
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No equity financing since 2022, maintaining low leverage and strong balance‑sheet flexibility.
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Strategic Shift:
- Transitioning from a home‑care only model to a four‑pillar community care organization: Home Care (core), Care Management, Palliative Care (via Earth Angels subsidiary in Nova Scotia), and Private Nursing (planned launch FY 2027).
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Care Management and Palliative Care were launched earlier in the year; both are early‑stage but represent logical extensions of service offerings.
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Service Line Expansion:
- Private Nursing to be introduced next fiscal year, targeting higher‑acuity support in home settings.
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Ongoing selective investments in key markets with strong clinical talent pools and supportive healthcare ecosystems.
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Growth Strategy:
- Emphasis on increasing market density within existing regions to strengthen referral networks, improve caregiver recruitment, and leverage infrastructure.
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Continued focus on acquisitions that are strategically and financially compelling, while preserving a disciplined capital‑allocation framework.
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Operational Leverage & Margins:
- Scale is expected to generate operating leverage as incremental revenue is supported by existing infrastructure.
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Near‑term margin fluctuations anticipated due to upfront investments in new service lines and market expansion.
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Market Outlook:
- Demographic trends (aging population) forecast rising demand for home‑based and community‑based care across North America.
Notable Quotes
“We are building a broader care organization, grounded in the home, designed to support families across a wider range of needs, and positioned for sustainable growth in the years ahead.” – Chris Dobbin, President & CEO
The release contains forward‑looking statements regarding future expansions, acquisitions, and financial performance. See the full disclaimer in the original document.