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Altus Group Reports Q1 2025 Financial Results
TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or &#x...
About this update from Altus Group Limited
[{"type":"text","content":"Altus Group Reports Q1 2025 Financial ResultsDelivers resilient recurring revenue performance and sustained margin expansion in Q1 2025; accelerates pace of share buyback\n\n\n\n TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or “the Company”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) intelligence, announced today its financial and operating results for the first quarter ended March 31, 2025.\n \n\n \"Our strong performance in Q1 demonstrates the continued execution of our growth initiatives and our commitment to delivering value to stakeholders,\" said Jim Hannon, Chief Executive Officer. \"We successfully launched Benchmark Manager, signed dozens of asset-based pricing agreements, and achieved significant software bookings growth despite lower CRE transaction volumes year-over-year. Margin expanded across all business units and we improved cash flow, highlighting our operating leverage. In addition, we returned over $76 million to shareholders through buybacks this quarter. We look forward to building on this momentum.\"\n \n\n\n Selected Q1 2025 Information\n \n\n\n\n\n C$M\n \n\n Q1 2025\n \n\n Q1 2024\n \n\n % change\n \n\n\n\n\n\n Revenue\n \n\n $129.2\n \n\n $125.4\n \n\n (1.5%)\n \n\n\n Constant Currency*\n \n\n\n\n\n Recurring Revenue*\n \n\n $98.8\n \n\n $91.7\n \n\n 2.1%\n \n\n\n Constant Currency\n \n\n\n\n\n Profit (Loss) from continuing operations\n \n\n ($6.4)\n \n\n ($12.2)\n \n\n 47.1%\n \n\n\n As Reported\n \n\n\n\n\n Adjusted EBITDA*\n \n\n $15.7\n \n\n $10.9\n \n\n 29.7%\n \n\n\n Constant Currency\n \n\n\n\n\n Analytics Adjusted EBITDA margin*\n \n\n 26.2%\n \n\n 23.3%\n \n\n 200 bps\n \n\n\n Constant Currency\n \n\n\n\n\n Net cash provided by operating activities\n \n\n $0.7\n \n\n ($3.0)\n \n\n 123.7%\n \n\n\n As Reported\n \n\n\n\n\n Free Cash Flow*\n \n\n $(0.6)\n \n\n ($5.7)\n \n\n 89.3%\n \n\n\n As Reported\n \n\n\n\n\n Investment in share repurchases**\n \n\n $76.3\n \n\n $0.0\n \n\n\n n/a\n \n\n\n\n\n\n\n Funded debt to EBITDA ratio\n \n\n 1.44:1\n \n\n 2.15:1\n \n\n\n n/a\n \n\n\n\n\n\n\n\n\n *Denotes non-GAAP financial measure, non-GAAP ratio, total of segments measure, capital management measure, and/or supplementary and other financial measures as defined in National Instrument 52-112 - Non-GAAP and Othe...