07:33 AM EDT, 03/18/2025 (MT Newswires) -- Information Services (ISC.TO) overnight Monday reported lower fourth-quarter profit even as revenue rose on increased value transactions in the Saskatchewan Land Titles Registry and improvements in the services segment.
Net income fell to $5.3 million or $0.29 per diluted share, for the three months ended Dec. 31, compared with $5.7 million or $0.32 diluted share, a year earlier. Adjusted net income was $9.3 million or $0.50 per diluted share compared with $9.8 million or $0.54 per diluted share a year-ago.
Revenue for the quarter increased by 8% to $62.2 million compared with a year earlier.
The company said it will pay a quarterly cash dividend of $0.23 per Class A Share on or before April 15 to shareholders of record as of March 31.
ISC expects revenue in 2025 to be within a range of $257.0 million to $267.0 million and adjusted EBITDA to be in a range of $89.0 million to $97.0 million. The company also expects to see robust free cash flow in 2025.
Shares of the company closed up 1.2% to $24.70 on Monday on the Toronto Stock Exchange.