Aimia (AIM) Q2 2025 earnings summary

Executive summary

• Q2 2025 delivered solid results with growth in key financial metrics, progress on a three-step strategy, and transition to a permanent capital vehicle, including cost reductions and share buybacks.

• Achieved milestones such as renewing the share buyback program, settling with the CRA for a $33 million tax refund, and receiving shareholder approval for the strategic plan.

• Focus remains on reducing HoldCo costs, narrowing the share discount to intrinsic value, and effective capital allocation.

Financial highlights

• Q2 2025 consolidated revenue grew 5% year-over-year to $128.7 million; gross profit rose 11% to $34.9 million, with gross margin improving to 27.1%.

• Adjusted EBITDA increased to $19.7 million from $12.3 million, a 60% rise, driven by cost-cutting and favorable currency impact.

• SG&A expenses declined 33% to $25.9 million; operating income reached $9.0 million, up from a loss of $7.0 million.

• Net loss for Q2 2025 was $6.1 million, or $0.08 per share, a 20% improvement from Q2 2024.

• Cash at quarter-end was $70.5 million, down from $94.7 million in Q1, reflecting debt payments, share buybacks, and interest expenses.

Outlook and guidance

• Reiterated 2025 adjusted EBITDA guidance for core holdings at $88–$95 million, expecting results at the lower end.

• HoldCo cost target for 2025 lowered to $9 million, down from $11 million, due to sustained cost savings.

• Company will supplement reporting with increased net asset value disclosure during transition.