Q3 2025 Altus Group Ltd Earnings Call Transcript
Key Points
- Recurring revenue increased by 5.2%, driven by strong performance in ARGUS Intelligence.
- Consolidated margins expanded by 230 basis points to 19.2%, marking the fifth consecutive quarter of margin growth.
- Adjusted EBITDA rose 16.1% year-over-year, supported by top-line expansion and operational improvements.
- Free cash flow per share increased by 45.7%, indicating strong cash flow generation.
- The company completed a strategic review and decided to remain independent, focusing on accelerating its strategy for shareholder value.
- The Appraisals and Development Advisory segment experienced softer performance due to market conditions.
- The company recorded $6.6 million in restructuring costs during the quarter.
- Revenue and adjusted EBITDA in the Appraisals segment were down, impacted by tariff uncertainty and inflationary pressures.
- The company revised its fiscal 2025 guidance, taking a more conservative view on revenue and EBITDA margins.
- Ongoing portfolio simplification and market conditions led to tempered consolidated revenue growth of 2.2%.
Thank you for standing by. At this time, I would like to welcome everyone to the Altus Group's third-quarter 2025 financial results conference call and webcast. (Operator Instructions)
I would now like to turn the call over to Camilla, Chief Communications Officer. You may begin.
Thank you, operator. Hello, everyone, and welcome to the conference call and webcast discussing Altus Group's Q3 results for the period ended September 30, 2025. Our press release, MD&A, financial statements, and the slides accompanying our prepared remarks are all available on our website and as required, have been filed to SEDAR+ after market close this afternoon. In conjunction with our earnings release this afternoon, Altus Group also announced that our CEO, Jim Hannon, has departed the company effective immediately. Mike Gordon, Altus Group's former CEO and Director since 2020, has been appointed Executive Chair effective immediately and has agreed to assume the CEO role in Q1 2026.
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