Colliers International Group Inc. · TSX:CIGI
Colliers International — Q2 2026 Earnings Presentation
16 slides from Colliers International's earnings presentation, Jul 30, 2026
Slide 1: Second Quarter 2026 Results
COMMERCIAL REAL ESTATE | ENGINEERING | INVESTMENT MANAGEMENT 2026 Results Quarter June 30, 2026 Second
Slide 2: Highlights
Colliers 2 Highlights (US $ millions, except per share amounts) Three months ended %Change 2026 2025 June 30 USD LC (1) Revenues 1,572.5 1,347.6 17% 16% Net Revenues 1,386.3 1,185.9 17% 16% Adjusted EBITDA 205.3 180.2 14% 13% Adjusted EBITDA Margin 13.1% 13.4% Net Margin 14.8% 15.2% • Double-digit r
Slide 3: High Value, Resilient Growth Engines
Colliers 3 High Value, Resilient Growth Engines Global diversification with 70% resilient earnings TTM Q2 2026 Revenue TTM Q2 2026 AEBITDA by Segment by Segment 27% 30% Commercial Real Estate 64% 70% Engineering Resilient Resilient Investment Management 9% 61% 25% 48% Please refer to Appendix
Slide 4: Second Quarter Consolidated Revenues
Colliers 4 Second Quarter Consolidated Revenues (US$ millions) Revenues 1,572.5 Investment % Change over Q2 2025 USD LC Management 147.2 1,347.6 Investment Management 17% 17% 126.1 Engineering 30% 30% Engineering 427.8 328.2 Commercial Real Estate 12% 11% Total 15% 12% Net Revenues Commercial Real 9
Slide 5: Commercial Real Estate
Colliers 5 Commercial Real Estate Second quarter, US$ millions Revenues AEBITDA • Strong growth in Capital Markets, led by the 997.3 Subconsultant and Americas and Asia Pacific 105.9 893.2 other direct costs 106.9 • Strong growth in Leasing across geographies, led by Outsourcing 294.4 the US on cont
Slide 6: Engineering
Colliers 6 Engineering Second quarter, US$ millions Revenues AEBITDA 427.8 Subconsultant and 68.4 other direct costs 328.2 • Significant revenue growth delivered through a 46.4 combination of acquisitions and internal growth 52.1 359.4 • Continued tailwinds driving demand for critical Engineering 40
Slide 7: Investment Management
Colliers 7 Investment Management Second quarter, US$ millions Revenues AEBITDA • Strong internal growth and favourable impact of a recent acquisition 147.2 Pass-through performance fees 11.9 126.1 • Net margin impacted by continued investments in 8.4 strengthening the global platform under the Harri
Slide 8: Capitalization & Capital Allocation
Colliers 8 Capitalization & Capital Allocation (US$ millions) June 30, 2026 December 31, 2025 June 30, 2025 Cash $ 265.2 $ 207.9 $ 183.3 Total Debt 2,505.7 1,633.5 1,740.3 Net Debt $ 2,240.5 $ 1,425.6 $ 1,556.9 • Net leverage of 2.8x post closing of Ayesa acquisition; expected to de-lever through th
Slide 9: 2026 Full Year Outlook Reaffirmed
Colliers 9 2026 Full Year Outlook Reaffirmed Commercial Real Low teens revenue and net revenue growth on stronger Capital Markets and Leasing activity Estate Net AEBITDA margin expected to be up modestly 25%+ revenue and net revenue growth on solid internal growth and acquisitions, including Ayesa E
Slide 10: Appendix
Colliers 10 Appendix Reconciliation of non-GAAP Measures
Slide 11: Reconciliation of GAAP earnings to adjusted EBITDA
Colliers 11 Reconciliation of GAAP earnings to adjusted EBITDA Three months ended Six months ended (US$ thousands) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net earnings $ 49,216 $ 63,971 $ 59,995 $ 72,889 Income tax 26,838 25,244 35,099 29,956 Other income, including equity earnings f
Slide 12: Reconciliation of GAAP earnings to adjusted net earnings and adjusted earnings per share
Colliers 12 Reconciliation of GAAP earnings to adjusted net earnings and adjusted earnings per share Three months ended Six months ended (US$ thousands) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net earnings $ 49,216 $ 63,971 $ 59,995 $ 72,889 Non-controlling interest share of earnings
Slide 13: Reconciliation of net cash flow from operations to free cash flow
Colliers 13 Reconciliation of net cash flow from operations to free cash flow Three months ended Six months ended (US$ thousands) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net cash provided by operating activities $ 139,661 $ 44,563 $ (47,765) $ (39,913) Contingent acquisition consider
Slide 14: Reconciliation of revenues to net revenues – Quarterly
Colliers 14 Reconciliation of revenues to net revenues – Quarterly Commercial Real Investment (US$ thousands) Estate Engineering Management Corporate Consolidated Three months ended June 30, 2026 Revenues $ 997,343 $ 427,805 $ 147,176 $ 175 $ 1,572,499 Subconsultant and other direct costs (105,941)
Slide 15: Reconciliation of revenues to net revenues – Year to date
Colliers 15 Reconciliation of revenues to net revenues – Year to date Commercial Real Investment (US$ thousands) Estate Engineering Management Corporate Consolidated Six months ended June 30, 2026 Revenues $ 1,838,514 $ 764,652 $ 282,442 $ 363 $ 2,885,971 Subconsultant and other direct costs (210,85
Slide 16: Other Non-GAAP Measures
Colliers 16 Other Non-GAAP Measures Local currency revenue and adjusted EBITDA growth rate Fee paying assets under management and internal revenue growth rate measures We use the term fee paying assets under management (“FPAUM”) to represent only the Percentage revenue and adjusted EBITDA variances
Colliers International Group — Q2 2026 Earnings Presentation on 6ix