SSC Security Services Corp. Reports Strong Third Quarter Results with Improved Margins, Higher Adjusted EBITDA, and Continued Share Buybacks

REGINA, SK, Aug. 19, 2025 /CNW/ – SSC Security Services Corp. (“SSC” or the “Company“) (TSXV:SECU) (OTCQX:SECUF), a national provider of cyber, physical and electronic security services to commercial, industrial and public sector clients across Canada, is pleased to release its results for the third quarter ended June 30, 2025. All figures are presented in Canadian dollars. 

“Our third quarter results came in as expected. We continue to see improved profitability from stronger margins as a result of our careful expense management. Gross margin has continued to strengthen, and our base business of recurring revenue continues to grow profitably. We like it when temporary contracts come in the door and they add nicely to our top line picture, however, more important is strong ongoing operational management and gross margin growth within our baseline recurring monthly revenue. As we continue to grow, we see that the size and scale of our operations nicely positions us for the temporary opportunities as they arise,” said Chairman and CEO Doug Emsley.

“We continue to buy back our shares and take a disciplined approach to acquisitions. Our objective is always to protect our cash and be opportunistic in our efforts to grow the Company. We continue to be well capitalised and debt free. One important point that often goes unmentioned is that, over the past several years, we’ve returned $55.4 million dollars to shareholders through share buybacks and dividends while consistently operating a profitable business. It’s a track record we’re extremely proud of,” said Emsley.

Key Highlights for Q3 2025:

• Continued Margin Improvement – Gross profit for the quarter ended June 30, 2025 was $5.3 million (gross margin of 17.5%), up from $4.7 million (15.9%) during the same quarter last year.  The nine-month year-to-date gross profit is $14.6 million (16.7%), up from $14.3 million (15.8%) during the same nine-month period last year.
  
  
• Revenue Growth – Revenues for the quarter ended June 30, 2025 were $30.2 million compared with $29.7 million during the same three-month period last year, an increase of $0.5 million or 1.7%. 
  
  
• Improved Adjusted EBITDA – Adjusted EBITDA for the quarter was $1.4 million ($0.08 per share), up from $1.3 million ($0.07 per share) during the same quarter last year.  This represents a 14% improvement in Q3 Adjusted EBITDA over the prior year.  
  
  
• NCIB Share Buybacks – During the quarter we bought back 140,900 shares of the Company at an average price of $2.42 per share (cancelling all 140,900 shares).
  
  
• 36^th Consecutive Quarterly Dividend – During the quarter we paid $0.03 per share in dividends to shareholders.
  
  
• We finished the quarter ended June 30, 2025 with: 
  • Cash and cash equivalents of $9.6 million equal to $0.53 per share; 
  • Working capital of $25.4 million;
  • Total shareholders’ equity of $61.8 million; and 
  • No debt.

Key Performance Indicators for the comparable periods are summarized below:  

Full story available on Benzinga.com