Overview
Canada business information publisher's 2025 revenue fell 3.1% as legacy print operations declined
EBITDA dropped to C$7.5 mln, driven by lower revenue in core operations
Advertising revenue declined, partly offset by growth in data and subscription revenue
Outlook
Company did not provide specific guidance for future periods
Result Drivers
PRINT OPERATIONS DECLINE - Revenue fell as legacy print operations were sold or closed by end of 2025
ADVERTISING WEAKNESS - Advertising revenue decreased due to market uncertainty and closures or sales of community media publications
DATA AND SUBSCRIPTION GROWTH - Data and subscription revenue increased, mainly in environmental risk and compliance information operations
Company press release: ID:nGNX9TJTwV
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| C$137.51 mln |
|
FY Net Income |
| C$6.42 mln |
|
FY Capex |
| C$5.22 mln |
|
FY EBITDA |
| C$7.46 mln |
|
FY EBITDA Margin |
| 5.4% |
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