ISC reports record revenue and adjusted EBITDA for 2024, aiming to double in size by 2028

From GlobeNewswire: 2025-03-17 20:23:58

ISC reported record revenue and adjusted EBITDA of $247.4 million and $90.3 million, respectively, for the fourth quarter and year ended December 31, 2024. The company aims to double in size by 2028, with strong performance in the Saskatchewan Land Titles Registry and Services segment contributing to growth. The company plans to continue pursuing new opportunities to support its growth targets. The financial results showed increased revenue and net income for the year, driven by performance in various segments, with a focus on deleveraging and sustainable growth. ISC also declared a quarterly cash dividend of $0.23 per Class A Share.

For the fourth quarter of 2024, ISC saw revenue increase to $62.2 million, a growth of 8% from the previous year. Net income was $5.3 million, and adjusted EBITDA was $21.0 million. For the full year of 2024, revenue reached $247.4 million, with adjusted EBITDA hitting a record $90.3 million. The company’s financial position as of December 31, 2024, showed a cash balance of $21.0 million and total debt of $167.6 million. ISC expects to continue its growth trajectory in 2025, aiming for revenue between $257.0 million to $267.0 million and adjusted EBITDA between $89.0 million to $97.0 million.



Read more at GlobeNewswire: ISC Reports Another Year of Record Revenue and Adjusted