06:54 AM EDT, 08/14/2025 (MT Newswires) -- Aimia ( AIMFF ) on Thursday reported a wider-than-expected loss for the second quarter as revenue missed, while it reiterated adjusted Ebitda guidance for the year.

For Q2, Aimia ( AIMFF ) reported a consolidated net loss of $6.1 million or $0.08 per common share, which compared to a loss of $5.1 million or $0.10 a year earlier and was wider than the loss of $0.06 forecast on FactSet.

Reported consolidated revenue of $128.7 million was up 5.1% from $122.4 million generated in Q2 2024, but was below a FactSet forecast of $130.3 million.

Aimia ( AIMFF ) said the growth in revenues for the second quarter was driven by a number of developments including the positive impact of foreign currency fluctuations relative to the Canadian dollar, higher contributions from Cortland due to stronger customer demand for its rope and netting products, and improved results from Bozzetto's Dispersion Solutions sector. On a constant currency basis, consolidated revenue was flat when compared to last year.

Among other highlights, it generated consolidated Adjusted EBITDA of $19.7 million, up 60% from $12.3 million reported in Q2 2024 and generated cash flow from operating activities of $9.4 million, a positive turnaround of $22.6 million from Q2 2024, which included a number of one-time expenses.

It ended Q2 2025 with cash and cash equivalents of $70.5 million.

"Our performance in Q2 reflected the progress we made against the three-step strategy we launched earlier this year to become a permanent capital vehicle," said Rhys Summerton, Executive Chairman. "We reduced HoldCo costs to $2 million, allocated $8.2 million towards share buybacks, and took steps to determine the market value of our core holdings. This progress was made while we sustained the momentum of our core holdings and generated improvements to a number of key financial metrics in spite of challenging macro-economic conditions."

Summerton added, "We expect our performance over time will be better measured by improvements to our balance sheet rather than traditional quarterly reporting metrics. During the transition, we anticipate supplementing our financial reporting with increased disclosure on our net asset value."

"Despite the emergence of economic uncertainty due to the latest round of U.S. tariffs against markets that Bozzetto and Cortland operate in or sell into, the performance of our core holdings through the mid-point of the year puts them on track to meeting our target for 2025 for Adjusted EBITDA on a combined basis," said Steven Leonard, Aimia's ( AIMFF ) President and Chief Financial Officer. "As a result, we are re-iterating our guidance for Adjusted EBITDA, albeit at the lower end of the range."

Leonard added, "Given our progress at lowering HoldCo costs to date, we are lowering our cost guidance and expect costs to be $9 million for the year exclusive of one-time expenses, down from $11 million initially forecast."

Aimia ( AIMFF ) -- a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company -- was up near 3.9% on the TSX yesterday.