Kingsway Financial | 8-K: FY2025 Q3 Revenue: USD 37.2 M

LB filings

2025.11.06 21:58

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Revenue: As of FY2025 Q3, the actual value is USD 37.2 M.

Consolidated Revenue: Increased by 37% to $37.2 million for the three months ended September 30, 2025, compared to $27.1 million in the prior year quarter.
Kingsway Search Xcelerator (KSX) Revenue: Increased by 104.2% to $19.0 million in the third quarter of 2025, compared to $9.3 million in the third quarter of 2024.
Extended Warranty Revenue: Increased by 2% to $18.2 million in the third quarter of 2025, compared to $17.8 million in the third quarter of 2024.

Consolidated Net Loss: $2.4 million for the three months ended September 30, 2025, compared to a net loss of $2.3 million in the prior year quarter.
Adjusted Consolidated EBITDA: Decreased by $0.9 million to $2.1 million for the three months ended September 30, 2025, compared to $3.0 million in the prior year quarter.
KSX Adjusted EBITDA: $2.7 million in the third quarter of 2025 compared to $1.4 million in the year-ago quarter.
Extended Warranty Adjusted EBITDA: $0.8 million in the third quarter of 2025 compared to $2.1 million in the year-ago quarter.

Total Net Debt: $61.4 million as of September 30, 2025, compared with $52.0 million as of December 31, 2024.

Twelve Month Run-Rate Adjusted EBITDA: For the operating companies, it was $20.5 million to $22.5 million, reflecting the aggregate trailing 12-month adjusted EBITDA of businesses the Company currently owns or has recently acquired.
Deferred Service Revenue: Associated with new warranty contracts increased by $2.8 million year-over-year.

The management expressed optimism about organic growth opportunities in the KSX segment, with Roundhouse and Kingsway Skilled Trades performing well and ahead of budget since acquisition. Image Solutions and DDI are showing meaningful sequential financial improvement, indicating that organic growth will be a key driver of Kingsway’s success going forward.