Tecsys Inc., an industry-leading supply chain management SaaS company, announced its results for the second quarter of fiscal 2026, ended October 31, 2025. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
“We are pleased with our second quarter performance, achieving record total revenue, record SaaS revenue and record Adjusted EBITDA – which was up 71% over the same period last year,” said Peter Brereton, president and CEO of Tecsys. “While facing headwinds from the U.S. healthcare policy environment and government shutdown, as well as uncertainty created by shifting tariffs, we believe these results demonstrate our disciplined execution and the scalability of our business. This quarter we also made Elite™ available on AWS Marketplace, giving customers a faster, trusted way to buy and deploy our technology.”
Mark Bentler, chief financial officer, added: “On top of our solid SaaS revenue growth, up 22% compared to the second quarter last year, we hit a new record for professional services revenue which grew 20% compared to the same quarter last year amid continuing robust implementation activity in the quarter. While this demonstrates our ability to drive significant margins, we expect a moderation of professional services revenue in the coming quarter based on backlog levels as well as seasonality. For that reason and based on our first-half performance and visibility for remainder of the fiscal year, we are maintaining our full fiscal 2026 guidance for total revenue growth, SaaS revenue growth and Adjusted EBITDA margin.”
Second Quarter Highlights:
- SaaS revenue increased by 22% to $19.7 million, up from $16.1 million in Q2 2025.
- SaaS ARRii increased by 16% to $81.1 million on October 31, 2025 compared to $69.8 million on October 31, 2024.
- SaaS Remaining Performance Obligation (RPOii) increased by 18% to $240.4 million at October 31, 2025, up from $203.8 million at the same time last year.
- Total revenue increased to a record $48.6 million compared to $42.4 million in Q2 2025.
- Net profit was $1.8 million ($0.12 per basic and fully diluted share) in Q2 2026 compared to a net profit of $0.8 million ($0.05 per basic and fully diluted share) for the same period in Q2 2025.
- Adjusted EBITDAi was $5.0 million compared to $2.9 million reported in Q2 last year.
- In the second quarter of fiscal 2026, Tecsys acquired 79,714 of its outstanding common shares for approximately $2.8 million as part of its ongoing Normal Course Issuer Bid, compared to 51,600 common shares acquired in the same period last year for approximately $2.1 million.
Year-to-date performance for first half of fiscal 2026:
- SaaS revenue increased by 23% to $38.8 million, up from $31.4 million in the same period last year.
- Total revenue increased to $94.6 million compared to $84.7 million in the same period last year.
- Net profit was $2.5 million ($0.17 per basic and fully diluted share) in the first half of fiscal 2026 compared to a net profit of $1.6 million ($0.11 per basic share or $0.10 per fully diluted share) for the same period in fiscal 2025.
- Adjusted EBITDAi was $8.3 million compared to $5.5 million reported in the same period of fiscal 2025.
- In the first half of fiscal 2026, Tecsys acquired 101,014 of its outstanding common shares for approximately $3.6 million as part of its ongoing Normal Course Issuer Bid, compared to 111,200 common shares acquired in the same period last year for approximately $4.3 million.
On December 3, 2025, the Company declared a quarterly dividend of $0.09 per share to be paid on January 6, 2026 to shareholders of record on December 17, 2025.
Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.
Q2 2026 Financial Results Conference Call
Date: December 4, 2025
Time: 8:30 a.m. ET
Phone number: 800-836-8184 or 646-357-8785
The call can be replayed until December 11, 2025, by calling:
888-660-6345 or 646-517-4150 (access code: 34855#)
i See Non-IFRS Performance Measures in Management’s Discussion and Analysis of the Q2 2026 Interim Financial Statements.
ii See Key Performance Indicators in Management’s Discussion and Analysis of the Q2 2026 Interim Financial Statements.
