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Delivers 12% SaaS revenue growth and 19% Adjusted EBITDA Margin
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Q3 2025 Financial Highlights
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| Revenue (in $ millions) | |||||||||||
| SaaS Subscription | Recurring | Total | |||||||||
| Reported | Y/Y growth | Reported | Y/Y growth | Reported | Y/Y growth | ||||||
| $8.3 | 11.9% | $11.4 | 5.0% | $15.9 | (4.2)% | ||||||
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- SaaS ARR up 15% year over year to $33.6 million;
- Total ARR up 5% year over year to $45.8 million;
- SaaS NRR of 106%;
- ARR Bookings of $1.0 million;
- Total Contract Value of Bookings at $5.9 million;
- Adjusted EBITDA Margin of 19.3% or $3.1 million;
- Net income (loss) of $(0.9) million
- Gross profit margin of 60%; and
- Recurring revenue at 72% of total revenue.
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CALGARY, Alberta, Nov. 06, 2025 (GLOBE NEWSWIRE) — Sylogist Ltd. (TSX: SYZ) (“Sylogist” or the “Company”), a leading public sector SaaS company, today announced its results for the third quarter of fiscal 2025, ended September 30, 2025.
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“Our third quarter performance further validates our transformation to a SaaS-driven enterprise,” said Bill Wood, CEO of Sylogist. “We are very pleased with the traction we’re seeing with our partner strategy as evidenced by 48% of ARR Bookings in the quarter being partner-driven. In a relatively short period of time, our top-line revenue has been transformed to now be 72% recurring as we hand off lower margin, one-time project services revenue relating to customer implementations to partners and add high margin SaaS revenue.”
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Sylogist’s Board of Directors approved a dividend of $0.01 per share for shareholders of record on November 28, 2025, to be paid on December 10, 2025.
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Conference Call Details
The Company will host a conference call at 8:30 AM Eastern Time on November 6, 2025. A replay of the call will be archived in the investor section of the Company’s website.
Date: Thursday, November 6, 2025
Time: 8:30 a.m. EDT
Participant Toll-Free Dial-In Number: + 1-833-752-3805
Participant International Dial-In Number: +1-647-846-8841
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Please dial in before the start of the conference to secure a line and avoid delays.
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About Sylogist
Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers globally across the government, non-profit, and education market segments. The Company’s stock is traded on the Toronto Stock Exchange under the symbol SYZ. Information about Sylogist, inclusive of full financial statements together with Management’s Discussion and Analysis, can be found at www.sedarplus.ca or at www.sylogist.com.
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Forward-looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities legislation. Although the forward-looking information is based on what the Company believes are reasonable assumptions, current expectations, and estimates, investors are cautioned from placing undue reliance on this information since actual results may vary from the forward-looking information. Forward-looking information may be identified by the use of forward-looking terminology such as “believe”, “assume”, “intend”, “may”, “will”, “expect”, “estimate”, “anticipate”, “continue”, “could”, “can”, “outlook” or similar terms, variations of those terms or the negative of those terms, and the use of the conditional tense as well as similar expressions.
English (US)