08:16 AM EST, 11/14/2025 (MT Newswires) -- Alithya Group ( ALYAF ) , a strategy and digital transformation company, on Friday reported a widened net loss in the second quarter despite a rise in revenue that beat analysts' expectations.

For the three-months ended Sept. 30, net loss was $31.0 million compared with $0.3 million, a year earlier, due to an impairment charge of $38.0 million. Adjusted net earnings per share was $0.10 in Q2 compared with $0.05, in the prior-year period.

Revenues for the quarter increased to $124.3 million compared with $111.5 million, a year-ago, beating consensus estimate compiled by FactSet of $123.5 million.

The company also said that on Sept. 9, it implemented a Normal Course Issuer Bid Program (NCIB), under which it is allowed to buy back for cancellation up to 5.9-million subordinate voting shares, 10% of its public float as of the close of markets on September 2. Alithya ( ALYAF ) entered into an automatic share purchase plan with a designated broker in connection with its NCIB, which started on Sept. 12, and will end on the earlier of Sept. 11, 2026.

Shares of the company closed down 3.3% to $1.74 on Thursday on the Toronto Stock Exchange.