Altus Group Limited (AIF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Welcome to Altus Group's Q4 and full year 2025 financial results conference call. At this time, I would like to hand things over to Camila. Please go ahead. Thank you, Lisa. Hi, everyone, and welcome to the conference call and webcast discussing Altus Group's fourth quarter and year-end financial results for the period end of December 31st, 2025. Our press release MD&A financial statements and the slides accompanying our prepared remarks, they're all available on our website. and as required, have been filed to Cedar Plus after market closed this afternoon. I'm joined today by our CEO, Mike Gordon, and our CFO, Pavan Chhabra. Before we get started, I wanted to point out a couple of things. As discussed at our investor day, beginning with our Q4 results, we have rolled out some of our new disclosures. To help investors and analysts rebuild their models under a new reporting format, we have published a supplemental document that shows the representation of our historic results. posted on the investor section of our website along with the other materials I referenced. Earlier this week, we announced the sale of our appraisal business in Newmark. This business has been moved under discontinued operations for our results. And accordingly, our results for continuing operations exclude the appraisal business revenue and adjusted EBITDA contribution. Also of note, we plan to eliminate the corporate cost line in our reporting at some point in 2026. Turning to our disclaimer slide, some of our remarks on this call and in our disclosures may contain forward-looking information based on certain assumptions and are therefore subject to risks and uncertainties that could cause actual results to differ materially. Please refer to the forward-looking information ...