Caldwell Reports First Quarter Results

Executive Summary

• Caldwell Partners International Inc. reported Q1 FY2026 revenue of $29.3 M, up 37% year‑over‑year, and operating profit of $0.86 M, a significant improvement from $0.02 M in the prior year.
• Net earnings after tax were $0.58 M ($0.020 per share), compared with $0.47 M ($0.016 per share) a year earlier.
• The Board declared a cash dividend of $0.01 per common share, payable on March 13, 2026.

Key Details

• Revenue: $29,281 k (FY2025 Q1) vs. $21,360 k (FY2024 Q1) – ↑ 37%
• Professional Fees – Caldwell: $26,074 k vs. $18,389 k YoY
• Professional Fees – IQTalent: $2,977 k vs. $2,766 k YoY
• Consolidated Professional Fees: $29,051 k vs. $21,155 k YoY
• Cost of Sales: $23,140 k vs. $16,943 k YoY
• Gross Profit: $5,911 k vs. $4,212 k YoY – ↑ 43%
• SG&A Expenses: $5,055 k vs. $4,193 k YoY (includes $208 k share‑based compensation expense)
• Operating Profit: $856 k vs. $19 k YoY – substantial turnaround
• Finance Income (Expense): $(256 k) vs. $(486 k) YoY
• Earnings Before Tax: $1,112 k vs. $505 k YoY
• Income Tax Expense: $529 k vs. $40 k YoY
• Net Earnings After Tax: $583 k vs. $465 k YoY
• Basic EPS: $0.020 vs. $0.016 YoY

Dividend

• Declared dividend of $0.01 per common share, record date Jan 16 2026, payable Mar 13 2026.

Balance Sheet Highlights (as of Nov 30 2025)

• Cash & cash equivalents: $9,554 k (down from $16,436 k)
• Total assets: $78,176 k vs. $80,766 k YoY
• Total equity: $35,561 k vs. $34,972 k YoY

Cash Flow Highlights

• Net cash used in operating activities: $(640 k) (vs. $(6,173 k) prior year)
• Net cash used in investing activities: $(5,743 k) (primarily purchases of term deposits and property/equipment)
• Net cash used in financing activities: $(512 k), including dividend payment of $74 k

Notable Quotes

“Our first quarter results represent an excellent start to fiscal 2026, with exceptional revenue growth and improved profitability year over year,” – Chris Beck, CEO.

“These investments support our long‑term growth strategy and expanding global footprint.” – Chris Beck, CEO.