08:36 AM EDT, 03/21/2025 (MT Newswires) -- Dentalcorp ( DNTCF ) , Canada's largest and one of North America's fastest growing networks of dental practices, on Friday reported higher adjusted net income for the fourth quarter.

The company reported adjusted net income of $27.4 million for the three months ended Dec. 31, compared with $0.1 million, a year earlier. Quarterly revenue increased to $397.5 million, compared with $362.2 million, a year-ago.

Same Practice Revenue Growth (SPRG) for the fourth quarter was 2.7% and was impacted by the "deferral of appointments in the 19-64 age cohort as they awaited their official start date under the program," said Dentalcorp ( DNTCF ) Chief Financial Officer Nate Tchaplia.

The company's board also authorized a dividend of $0.025 per subordinate voting share and multiple voting share, payable on April 22, to shareholders of record at the close of business on April 4.

In 2025, the company expects its revenue to increase by 10% to 11% over fiscal 2024, to be between $1.70 billion and $1.72 billion, and SPRG to be 3% to 5%.

Dentalcorp ( DNTCF ) expects revenue and SPRG for the first quarter of 2025 to increase by 8% to 9%, to be between $402.2 million and $405.9 million and 3% to 5%, respectively, over Q1 of 2024.

Shares of the company closed down 1.8% to $7.45 on Thursday on the Toronto Stock Exchange.