Alaris Releases 2025 Fourth Quarter Financial Results

About this update from Alaris Equity Partners Income Trust Trust Units Reg S 3c7

[{"type":"text","content":"Alaris Releases 2025 Fourth Quarter Financial ResultsNot for Distribution in the United States. Failure to Comply With This Restriction May Constitute a Violation of United States Securities Law.\nCALGARY, Alberta, March 09, 2026 (GLOBE NEWSWIRE) -- Alaris Equity Partners Income Trust (together, as applicable, with its subsidiaries, “Alaris” or the \"Trust\") is pleased to announce its results for the three months and year ended December 31, 2025. The results are prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. All amounts below are in Canadian dollars unless otherwise noted. Highlights Strong Operating Growth: Total revenue and operating income increased 15.9% in Q4 and 14.0% for the year, driven primarily by a $73.2 million net unrealized gain on Partner investments (2024 – $47.3 million). Earnings from operations increased 34.8% in Q4 and 17.3% for the year. Net Book Value Growth in 2025: Net book value(4) per unit increased $0.64 in 2025 to $24.79, despite a $1.13 per unit unrealized foreign exchange loss and the payment of $1.39 in distributions. Net book value decreased $0.38 per unit from Q3 2025 due primarily to foreign exchange movements and $0.37 distributions declared.Cash Flow & Payout Discipline: Alaris Net Distributable Cash Flow(1) decreased 24.6% in Q4 and 16.1% for the year, reflecting timing and variability in common distributions, timing of cash tax payments and transaction activity. Alaris’ Payout Ratio(5) was 56.6% for the year (Q4: 64.2%), remaining below the Trust’s 65%–70% target range.Embedded Distribution Growth: Based on unaudited Partner results, Alaris estimates an average positive reset of approximately 4.0% on annual preferred distributions resetting in 2026, resulting in approximately $4.8 million (approximately $0.11 per unit) of incremental Run Rate Revenue(6).Partner Revenue Ahead of Guidance: Q4 total Partner revenue of $45.8 million exceeded guidance by 5%, reflecting contributions from new investments in Renew and Optimus and higher-than-expected common distributions.Active Capital Deployment: Alaris invested a record $387.4 million during 2025, including $115.5 million in Optimus and US$50.5 million across Renew and Cresa in Q4.Distribution Increase: In Q4 2025, Alaris announced an ...

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