Q3 2025 Colliers International Group Inc Earnings Call Transcript
Key Points
- Colliers International Group Inc (CIGI) reported a 23% year-over-year increase in third-quarter revenues, reaching $1.46 billion.
- The engineering segment experienced significant growth, with net revenue up 36% due to acquisitions and internal growth.
- Assets under management increased to $108 billion, a 10% rise from the previous year, driven by successful acquisitions and fundraising.
- The company has $9 billion in dry powder, positioning it well to deploy significant capital for future growth.
- Colliers International Group Inc (CIGI) continues to expand its engineering platform, now generating over $1.7 billion in annualized revenue and employing more than 10,000 professionals.
- The investment management segment experienced a slight decline in net margin to 42.3% due to integration costs under the Harrison Street Asset Management brand.
- Engineering net margin decreased slightly to 15.2%, primarily due to service mix changes.
- The company anticipates continued margin pressure in the investment management segment for the next 2 to 3 quarters due to integration costs.
- Despite strong fundraising, the investment management segment's growth is impacted by the timing of capital deployment, particularly in open-ended and credit funds.
- The capital markets recovery is gradual, with investor confidence and interest rate stability still developing, affecting transaction volumes.
Welcome to the Colliers International 3rd quarter investors conference call. Today's call is being recorded. Legal counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking. Statements that involve known and unknown risk and uncertainties. Actual results may be materially different from any future results, performance, or achievements contemplated in the forward-looking statements. Additional information concerning factors that could cause actual result to materially differ from those in the forward-looking statements is contained in the company's annual information form as filed with the Canadian Securities Administrators and in the company's annual report on Form 40 as filed with the US Securities and Exchange Commission.
As a reminder, today's call is being recorded. Today is Tuesday, November 4th of 2025.
And at this time for opening remarks and introduction, I would like to turn the call over to the global Chairman and Chief Executive Officer, Mr. Jay Hennick. Please go ahead, sir.
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