Jim Hannon stepping down as CEO; Mike Gordon appointed Executive Chair and to become CEO in Q1 2026 Announces the conclusion of the strategic review TORONTO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or “the Company”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) intelligence, announced today certain leadership changes to its executive team and Board of Directors (“the Board”). Jim Hannon is departing the Company as Chief Executive Officer (“CEO”) and Director, ...

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]