Tecsys Inc., an industry-leading supply chain management SaaS company, announced its results for the fourth quarter and full year of fiscal 2025, ended April 30, 2025. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
“Fiscal 2025 was a strong year for Tecsys, with 29% SaaS revenue growth and expanded market opportunity,” said Peter Brereton, president and CEO at Tecsys. “We delivered 39% full year Adjusted EBITDAi growth and ended the year with a record professional services backlogii. We expanded our global footprint with key strategic activities and achieved a healthy mix of new logos, base expansions and complex distribution wins across multiple geographies. The recent launch of TecsysIQ reflects our commitment to deepening customer value through our continued investment in AI innovation. We believe these results and initiatives position us well to continue scaling profitably into fiscal 2026.”
Mark Bentler, chief financial officer of Tecsys Inc., added, “We had a strong $6.5 million SaaS bookingsii quarter, with record Q4 revenue and 55% Q4 Adjusted EBITDAi growth underscoring our solid execution. We have decided to increase our investment in R&D and marketing in fiscal 2026 to drive SaaS margin growth and SaaS revenue growth, respectively. As a result, we are revising our fiscal 2026 Adjusted EBITDAi margin guidance to 8-9% and expect Adjusted EBITDAi growth in the range of 20-30%.”
Fourth Quarter Highlights:
- SaaS revenue increased by 29% to $18.4 million, up from $14.2 million in Q4 2024.
- SaaS subscription bookingsii (measured on an ARRii basis) were $6.5 million compared to $8.0 million in the fourth quarter of fiscal 2024.
- SaaS Remaining Performance Obligation (RPOii) increased by 10% to $216.7 million at April 30, 2025, up from $196.9 million at the same time last year.
- Total revenue increased to a record $46.6 million compared to $44.0 million in Q4 2024.
- Net profit was $1.7 million ($0.12 per basic share or $0.11 per fully diluted share) in Q4 2025, compared to $0.3 million or $0.02 per fully diluted share for the same period in fiscal 2024.
- Adjusted EBITDAi was $4.3 million compared to $2.8 million reported in Q4 last year.
- In the fourth quarter of fiscal 2025, Tecsys acquired 22,800 of its outstanding common shares for approximately $0.9 million as part of its ongoing Normal Course Issuer Bid, compared to 128,300 common shares acquired in the same period last year for approximately $5.0 million.
Fiscal 2025 Highlights:
- SaaS revenue increased by 29% to $67.1 million, up from $51.9 million in fiscal 2024.
- SaaS subscription bookingsii (measured on an ARRii basis) were $17.3 million compared to $18.6 million in fiscal 2024.
- Total revenue increased to a record $176.5 million compared to $171.2 million in fiscal 2024.
- Net profit was $4.5 million, or $0.30 per fully diluted share in fiscal 2025, compared to a net profit of $1.8 million, or $0.13 per fully diluted share, for fiscal 2024.
- Adjusted EBITDAi was $13.4 million compared to $9.6 million in fiscal 2024.
- In Fiscal 2025, Tecsys acquired 172,200 of its outstanding common shares for approximately $6.9 million as part of its ongoing Normal Course Issuer Bid, compared to 204,500 common shares acquired in the same period last year for approximately $7.2 million.
On June 26, 2025, the Company declared a quarterly dividend of $0.085 per share to be paid on August 1, 2025 to shareholders of record on July 11, 2025.
Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.
Q4 and FY2025 Financial Results Conference Call Date: June 27, 2025 Time: 8:30 a.m. ET Phone number: 800-836-8184 or 646-357-8785 The call can be replayed until July 4, 2025, by calling: 888-660-6345 or 646-517-4150 (access code: 07914#)
i See Non-IFRS Performance Measures in Management’s Discussion and Analysis of the 2025 Financial Statements.
ii See Key Performance Indicators in Management’s Discussion and Analysis of the 2025 Financial Statements.
