TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus” or “the Company”) (TSX: AIF) a leading provider of commercial real estate (“CRE”) intelligence, today announced the promotion of Rich Sarkis to Chief Commercial Officer, effective immediately. In this role, Rich will lead the Company’s global commercial strategy, overseeing all of the Analytics businesses, sales, customer success, and go-to-market execution to support Altus’ strategic priorities and evolving customer needs. Rich joined ...

Leadership Changes - Jim Hannon is stepping down as CEO and Director of Altus Group, effective immediately [3] - Mike Gordon, former CEO and Director since 2020, has been appointed Executive Chair and will assume the CEO role in Q1 2026 [3][4] - Raymond Mikulich is stepping down from the Chair role but will remain on the Board as a Director [3] Strategic Review - The Board conducted a thorough strategic review to evaluate options for maximizing shareholder value, including soliciting interest from potential acquirers [6] - After careful consideration, the Board decided that remaining independent and executing its strategy is the best path forward for Altus Group [7] Business Transformation - Altus Group has undergone significant transformation to operate as a pure-play commercial real estate data and analytics platform [8] - The company is in the early stages of a new product cycle, with strengthening market conditions and benefits from its operational transformation beginning to materialize [8] Future Outlook - The strategic review reinforced confidence in the company's value creation plan, with clear priorities established for future execution [9] - Further details on the value creation plan will be provided at the upcoming Investor Day on November 20, 2025 [9]

Core Insights - Altus Group Limited reported steady recurring revenue growth and margin expansion in Q2 2025, driven by significant growth in recurring new bookings and the launch of ARGUS Intelligence [2][6][10] - The company executed a share buyback of over $100 million, reflecting confidence in continued growth and profitability [2][5] Financial Performance - Revenue for Q2 2025 was C$131.5 million, a slight decrease of 0.8% compared to Q2 2024 [2] - Recurring revenue increased by 3.7% to C$100.8 million [2] - Profit from continuing operations was C$9.3 million, a significant improvement of 207.4% from a loss of C$8.6 million in Q2 2024 [2] - Adjusted EBITDA rose by 55.7% to C$28.5 million, with an adjusted EBITDA margin of 21.7%, up 790 basis points [2][6] - Free cash flow decreased by 30.5% to C$26.1 million [2] Business Outlook - The company revised its 2025 business outlook, projecting 3-6% total Analytics revenue growth and 5-7% recurring revenue growth for Q3 2025 [6][8] - Adjusted EBITDA margin expansion is expected to be 250-350 basis points [6] - The outlook reflects ongoing interest rate volatility and global trade uncertainty [8] Segment Performance - Analytics segment is expected to see consistency and growth in the number of assets on the Valuation Management Solutions platform [8] - Appraisals and Development Advisory is projected to have flat to low single-digit revenue growth [6][8] - Advisory segment anticipates 2-4% revenue growth [6][8] Cash Flow and Capital Management - Net cash provided by operating activities was C$27.8 million, down 30.3% from Q2 2024 [2] - The company’s funded debt to EBITDA ratio improved to 1.26 from 2.11 [2]