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AIMIA REPORTS FIRST QUARTER 2026 RESULTS
Aimia Inc. (TSX: AIM) (JSE: AII) ("Aimia" or the "Company"), today reported its financial results for the three months ended March 31, 2026. All amounts are in Canadian currency unless otherwise noted.
About this update from Aimia Inc.
TORONTO, May 13, 2026 /CNW/ - Aimia Inc. (TSX: AIM) (JSE: AII) ("Aimia" or the "Company"), today reported its financial results for the three months ended March 31, 2026. All amounts are in Canadian currency unless otherwise noted. SENIOR LEADERSHIP COMMENTARY "Our progress in the first quarter was largely marked by the signing of a definitive agreement to sell Bozzetto despite the emergence of a number of macroeconomic headwinds," said Rhys Summerton, Aimia's Executive Chairman. "With regulatory approvals for the transaction now in hand, we anticipate closing the sale before the end of May 2026. This will allow us to accelerate our plans to redeploy the net proceeds towards new investments, reduce HoldCo indebtedness, and renew our normal course issuer bid." "Our results for continuing operations in Q1 exclude the performance from Bozzetto given its pending sale and reflect the transition we are undertaking," said Steven Leonard, Aimia's President & Chief Financial Officer. "Most notably, we are focused on paying down debt, identifying target investment companies, and achieving further reductions to HoldCo costs consistent with our three-step strategy. We expect to build on this momentum over the coming months, particularly with improved results for Cortland anticipated in the second half of the year pending the cessation of hostilities in the Middle East, and exploring a secondary listing in the UK." AIMIA'S Q1 2026 HIGHLIGHTS HIGHLIGHTS SUBSEQUENT TO QUARTER END CONSOLIDATED FINANCIAL HIGHLIGHTS Given the progress on the transaction to divest Aimia's specialty chemicals company, Aimia has determined that Bozzetto met the criteria to be classified as discontinued operations. Accordingly, its performance and contributions are excluded from Q1 2026 results and the comparative period for last year with the exception of net earnings, earnings (loss) per share and headline earnings (loss) per share. This press release should be read in conjunction with Aimia's consolidated financial statements and management discussions and analysis (MD&A) for the three-month period ended March 31, 2026, which can be accessed from SEDAR+ and www.aimia.com. Balance Sheet and Liquidity As at March 31, 2026, Aimia had $100.3 million in cash and cash equivalents of which $42.6 million was rel...