Constellation Software Inc. Announces Results for the Second Quarter Ended June 30, 2025 and Declares Quarterly Dividend

Core Points - Constellation Software Inc. reported financial results for Q2 2025, with total revenue of $2,844 million, a 15% increase from $2,468 million in Q2 2024 [4][8] - The company declared a dividend of $1.00 per share, payable on October 10, 2025 [1] Financial Performance - Total revenue for the first six months of 2025 was $5,498 million, up 14% from $4,822 million in the same period of 2024 [4] - Organic growth was 5% for Q2 2025 and 3% for the first half of 2025, with adjustments for foreign exchange impacts showing 4% and 3% respectively [4] - Net income attributable to common shareholders for Q2 2025 was $56 million, a decrease of 68% from $177 million in Q2 2024, translating to $2.66 per diluted share compared to $8.35 [5][8] - For the first six months of 2025, net income was $192 million or $9.07 per diluted share, down from $282 million or $13.31 per diluted share in the same period of 2024 [5][8] Cash Flow and Acquisitions - Cash flows from operations (CFO) increased by 63% to $433 million in Q2 2025, compared to $265 million in Q2 2024 [6][8] - Free cash flow available to shareholders (FCFA2S) rose by 20% to $220 million in Q2 2025, up from $182 million in Q2 2024 [7][8] - The company completed several acquisitions for a total cash consideration of $380 million, with deferred payments estimated at $89 million, leading to a total consideration of $469 million [8] Balance Sheet Highlights - As of June 30, 2025, total assets were $14,728 million, an increase from $12,123 million a year earlier [13][14] - Current liabilities included $575 million in debt with recourse to Constellation Software Inc. and $250 million in debt without recourse [14] - Shareholders' equity increased to $3,982 million, up from $2,903 million in June 2024 [14]