Core Insights - Altus Group Limited reported steady growth in recurring revenue and an expansion in adjusted EBITDA margin for Q3 2025, indicating a positive financial trajectory [1][2]. Financial Performance - Revenue for Q3 2025 reached C$133.3 million, a 2.2% increase from C$128.4 million in Q3 2024 [2]. - Recurring revenue grew by 5.2% to C$102.4 million compared to C$95.4 million in the same quarter last year [2]. - Profit from continuing operations improved significantly to C$0.5 million from a loss of C$2.9 million, marking a 117.8% change [2]. - Adjusted EBITDA increased by 16.1% to C$25.6 million, with an adjusted EBITDA margin of 19.2%, up 230 basis points from 16.8% [2]. - Free cash flow rose by 36.5% to C$21.9 million, with free cash flow per share increasing by 45.7% to C$0.51 [2]. Business Outlook - The company provided guidance for Q4 2025, projecting 3-5% growth in total analytics revenue and 5-7% growth in recurring revenue [5]. - Adjusted EBITDA margin expansion is expected to be between 200-300 basis points for Q4 2025 [5]. - The full-year outlook for 2025 has been refined, now anticipating 2-4% growth in total analytics revenue and 4-6% growth in recurring revenue [5][6]. Dividend Information - The Board approved a cash dividend of C$0.15 per common share for Q4 2025, payable on January 15, 2026 [8]. Cash Flow and Financial Health - Net cash provided by operating activities for Q3 2025 was C$22.6 million, a 22.8% increase from C$18.4 million in Q3 2024 [2]. - The funded debt to EBITDA ratio improved to 1.21 from 2.07, indicating a stronger balance sheet [2]. Shareholder Information - The company’s Dividend Reinvestment Plan (DRIP) allows eligible shareholders to reinvest dividends into additional common shares at a discount [9]. Company Overview - Altus Group Limited specializes in providing commercial real estate intelligence, leveraging data and analytics to enhance performance and mitigate risks in the industry [12].