Business
IC Group Holdings Reports Second Quarter 2025 Financials, Revenue Increases 47% Year-over-Year with Strong Enterprise Momentum, and AGM Results
Toronto, Ontario--(Newsfile Corp. - August 27, 2025) - IC Group Holdings Inc. (TSXV: ICGH)&#...
About this update from Ic Group Holdings Inc.
[{"type":"text","content":"IC Group Holdings Reports Second Quarter 2025 Financials, Revenue Increases 47% Year-over-Year with Strong Enterprise Momentum, and AGM ResultsToronto, Ontario--(Newsfile Corp. - August 27, 2025) - IC Group Holdings Inc. (TSXV: ICGH) (\"IC Group\" or the \"Company\"), a technology-enabled consumer engagement company that helps global brands drive commerce with consumers, today announced its unaudited financial results for the three and six months ended June 30, 2025. All figures are reported in Canadian dollars unless otherwise stated.\"The second quarter extended our strong start to the year, delivering double-digit revenue and gross profit growth across our business lines while increasing annual recurring revenue to 70% of total revenue. The Company also signed two agreements valued at up to US$7.8 million across 2025 and 2026, inclusive of prizing, in addition to a five-year contract extension with a leading global technology customer that extends our services to 2030,\" said Duncan McCready, CEO of IC Group. \"Our results reflect our commitment to continue to simplify and scale solutions with global clients who rely on us for secure, compliant consumer engagement that drives commerce across digital platforms and in live events.\"Q2 2025 Financial Highlights:Revenue increased 47% year-over-year to $6.5 million, compared to $4.4 million in Q2 2024. Annual Recurring Revenue (ARR) accounted for 70% of total revenue in Q2 2025, up from 61% in Q2 2024.Gross profit rose 28% to $3.0 million, compared to $2.3 million in Q2 2024.Adjusted EBITDA was $0.2 million, consistent with $0.2 million in Q2 2024.Net loss for the quarter was ($0.6 million), compared to ($0.9 million) in Q2 2024.Q2 Business Segment Highlights:Digital PromotionsRevenue increased 26% to $3.0 million from $2.4 million in Q2 2024.Gross Margin improved to 69% in Q2 2025, compared to 60% in Q2 2024.Growth was driven by increased activity from a major U.S. customer, override rebate revenue from prizing programs and contributions from the Emotion Media Inc. acquisition.Mobile MessagingRevenue grew 107% to $3.2 million, up from $1.5 million in Q2 2024.Gross Margin declined to 22% in Q2 2025, compared to 39% in Q2 2024.The expected decrease in Gross Margin is driven by a higher proportion of lower margin Mobile Messaging revenue which is reflective of the change i...