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Information Services Corporation (TSX: ISC) Reports Q1 2025 Revenue of $59.3Mn
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Highlights
Information Services Corporation (TSX: ISC) has released its financial results for the first quarter ended March 31, 2025, reporting a 5% year-over-year increase in revenue to $59.3 million. The growth was primarily supported by volume increases in the Saskatchewan Registries division, inflation-linked pricing adjustments, and new revenue streams from the Bank Act Security Registry (BASR). This was partially offset by lower revenue in the Services segment due to policy changes in Ontario.
Net income for the quarter rose to $7.5 million or $0.40 per basic and diluted share, up from $0.4 million or $0.02 per share in the same quarter last year. The improvement was attributed to reduced share-based compensation, improved adjusted EBITDA, and lower net finance expenses. However, these were partially tempered by a higher income tax expense.
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