ISC Reports Financial Results for the Second Quarter of 2025

• Solid Q2 2025 performance from diversified segments.
• Registry Operations stable, Services saw growth in Recovery Solutions, Technology Solutions improved efficiency.
• Financial discipline maintained, ensuring sustained performance.

Capitalized terms that are used but not defined in this news release have the meaning ascribed to those terms in Management’s Discussion & Analysis for the three and six months ended June 30, 2025.

REGINA, Saskatchewan, July 30, 2025 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISC) (“ISC” or the “Company”) today reported on the Company’s financial results for the quarter ended June 30, 2025.

Commenting on ISC’s results, Shawn Peters, President and CEO stated, “Our results for the second quarter of 2025 showcase the strength of our diversified business model, delivering a solid performance. Registry Operations maintained stability with rising real estate values, while Services grew through the high-margin Recovery Solutions division.” Peters continued, “Despite higher share-based compensation and other unexpected costs in the quarter, our financial discipline ensures sustained performance. This balanced approach to execution positions us to continue to drive growth.”

Second Quarter 2025 Highlights

• Revenue was $67.3 million for the quarter ended June 30, 2025, consistent when compared to $67.8 million in the second quarter of 2024. Within Registry Operations, there was steady revenue from the Saskatchewan Registries division, particularly in the Land Registry, where an increase in average real estate values across the Saskatchewan market offset lower transaction volumes and was supplemented by new BASR revenue. Counterbalancing this was a decrease in Services revenue, where the continued growth in the higher-margin Recovery Solutions revenue through increased assignments and subsequent sales did not fully offset a decline in the lower-margin Regulatory Solutions division revenue.

• Net income was $5.9 million or $0.32 per basic share and diluted share for the quarter ended June 30, 2025, compared to $10.3 million or $0.57 per basic share and $0.56 per diluted share in the second quarter of 2024. Steady adjusted EBITDA results across our operating segments and lower net finance expense were offset by increased share-based compensation and professional and consulting services expenses.

• Net cash flow provided by operating activities was $22.9 million for the quarter ended June 30, 2025, a decrease of $1.3 million in the second quarter of 2024. Contributing to the decrease were the same items as described above for net income.

• Adjusted net income was $15.1 million or $0.81 per basic and $0.81 diluted share for the quarter ended June 30, 2025, compared to $14.1 million or $0.78 per basic share and $0.77 per diluted share in the second quarter of 2024. The increase reflects steady adjusted EBITDA results across all operating segments and lower net finance expense.

• Adjusted EBITDA for the quarter ended June 30, 2025, was $26.7 million, steady compared to a record $27.2 million in the second quarter of 2024. Consistent adjusted EBITDA from Registry Operations combined with lower cost of goods sold in the Services segment as a result of lower volumes in the Regulatory and Corporate Solutions divisions together with higher margin revenue in Recovery solutions were counterbalanced by slightly increased expenses. Adjusted EBITDA margin was 40 per cent which was consistent with the second quarter of 2024.

• Adjusted free cash flow for the quarter ended June 30, 2025, was $21.0 million, compared to $15.7 million in the second quarter of 2024, due to steady adjusted EBITDA results across our operating segments in addition to lower interest paid on long term debt.

• Voluntary prepayments of $15.0 million were made towards the Company’s Credit Facility during the quarter. This is part of the Company’s plan to deleverage towards a long-term net leverage target of 2.0x – 2.5x. See Section 6.3 “Debt” for more information on ISC’s Credit Facility.

• On June 4, 2025, the Company announced that it had authorized, and the Toronto Stock Exchange (the “TSX”) had accepted, a notice filed of its intention to make a normal course issuer bid (the “NCIB”), to purchase for cancellation up to 929,007 Class A limited voting shares of ISC (the “Class A Shares”) over the twelve-month period commencing on June 6, 2025 and ending no later than June 5, 2026, representing approximately 5 per cent of the Class A Shares issued and outstanding as at June 2, 2025. As at July 30, 2025, the Company has not yet repurchased any shares under the NCIB.

Financial Position as at June 30, 2025

• Cash of $21.3 million compared to $21.0 million as at December 31, 2024, an increase of $0.3 million.

• Total debt of $154.7 million compared to $167.6 million as at December 31, 2024. The Company is focused on continuing sustainable growth and deleveraging its balance sheet towards a long-term net leverage target of 2.0x – 2.5x.

Subsequent Events

• On July 30, 2025, the Board declared a quarterly cash dividend of $0.23 per Class A Share, payable on or before October 15, 2025, to shareholders of record as of September 30, 2025.

Summary of Second Quarter 2025 Financial Results