From GlobeNewswire: 2024-11-26 07:00:00

Calian Group Ltd. released its Q4-24 results, with revenue up 3% to $181 million, gross margin at 35.3%, and adjusted EBITDA of $23 million. In FY24, revenue increased by 13% to $747 million, gross margin reached 34.0%, and adjusted EBITDA was $86 million. The company repurchased 115,248 shares for $6 million in FY24.

Calian CEO Kevin Ford stated that FY24 ended with record highs in revenues, gross margin, and adjusted EBITDA. The company completed strategic acquisitions, signed contracts worth $785 million, and expanded its offerings in new markets. For FY25, Calian aims to achieve another record year with double-digit revenue and adjusted EBITDA growth.

In FY24, Calian achieved the highest revenue on record, with 13% growth driven by acquisitions and double-digit growth in the Health segment. Gross margin was at 34.0%, adjusted EBITDA reached $86 million, and adjusted net profit was $52 million. The company’s net debt to adjusted EBITDA ratio was 0.4x.

Calian announced collaborations with Microsoft and Walmart Canada to offer cybersecurity solutions and expand specialty pharmacy capabilities. The company also declared a quarterly dividend of $0.28 per share. Looking ahead to FY25, Calian has updated its definition of adjusted EBITDA to include additional expenses.

Calian also adopted an advance notice by-law and amended its operating by-law to align with current laws and governance practices. The company’s financial statements show strong performance, with positive net profit, adjusted EBITDA, and operating free cash flow. Calian remains focused on growth and innovation in healthcare, communications, learning, and cybersecurity solutions.



Read more at GlobeNewswire:: Calian Reports Record Results for the Fourth Quarter and