ISC Announces Annual Guidance and Outlook for 2026

Core Viewpoint - Information Services Corporation (ISC) has announced its annual guidance and outlook for 2026, projecting revenue growth and adjusted EBITDA increases as part of its growth plan to double the company's size by 2028 [1][3]. Financial Guidance - For 2026, ISC expects revenue to be in the range of CAD 273.0 million to CAD 283.0 million, compared to CAD 257.0 million to CAD 267.0 million in 2025 [2]. - Adjusted EBITDA for 2026 is projected to be between CAD 100.0 million and CAD 107.0 million, up from CAD 89.0 million to CAD 97.0 million in 2025 [2]. Growth Outlook - The company anticipates continued organic growth in line with historical trends, driven by a strong Saskatchewan economy and a buoyant residential real estate market, particularly in the Registry Operations segment [5][6]. - Revenue growth in the Services segment is expected from organic growth in Regulatory and Recovery Solutions divisions, with new customer onboarding contributing significantly [6]. - Technology Solutions is projected to see revenue growth from third-party contracts and enhancements to Saskatchewan Registries [7]. Performance Expectations - Preliminary unaudited results for 2025 indicate that adjusted EBITDA is expected to exceed the top end of the 2025 guidance range by approximately 5%, largely due to increased high-value registrations in December 2025 [4]. - ISC expects robust free cash flow in 2026, which will support balance-sheet deleveraging and help achieve a long-term net leverage target of 2.0x to 2.5x by mid-2026 [8]. Strategic Review Update - The Board of Directors is conducting a Strategic Review to explore opportunities for maximizing shareholder value, which may include asset divestments, acquisitions, or a potential sale of the company [9][11]. - The Special Committee is advancing its work with urgency to explore all potential outcomes before making a recommendation to the Board [11].