Altus Group Q2 Earnings Call Highlights

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MarketBeat

Sun, August 9, 2026 astatine 4:03 PM CDT 6 min read

Key Points

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Q2 fiscal show improved: Constant-currency gross roseate 6%, adjusted EBITDA accrued 34%, borderline expanded by 540 ground points and adjusted EPS grew 36%. Software gross grew astatine a double-digit rate, with bundle ARR up 10.4% to C$206.8 cardinal and nett gross retention of 106.9%.
Altus completed its portfolio simplification and continued returning capital: The institution finalized 4 divestitures, including the merchantability of its remaining GeoVerra interest, and has returned astir C$450 cardinal to shareholders twelvemonth to date, reducing its stock number by astir 20%.
Outlook was raised and lending capabilities expanded: Altus accrued its full-year integrated gross maturation and margin-expansion forecasts, targeting adjusted EBITDA of C$127 cardinal to C$131 million. Its Valos.ai acquisition adds AI-enabled commercialized existent property valuation workflows for lenders and valuers, with integration into ARGUS Intelligence planned for 2027.

Altus Group (TSE:AIF) reported second-quarter results that showed higher revenue, adjusted EBITDA and adjusted net per stock arsenic the institution continued to simplify its portfolio and absorption connected valuation software, information and workflow tools for commercialized existent property customers.

Revenue roseate 6% twelvemonth implicit twelvemonth connected a constant-currency basis, portion adjusted EBITDA accrued 34% and adjusted EBITDA borderline expanded by 540 ground points, according to erstwhile Chief Financial Officer Pawan Chhabra. Adjusted EPS accrued 36%. Chhabra said the prior-year examination included One11, and that excluding One11 from the comparable period, gross and recurring gross each grew 7%.

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Net income declined from a twelvemonth earlier, chiefly due to the fact that of items extracurricular halfway operating performance. Those included an astir C$10.7 cardinal unfavorable foreign-exchange plaything and astir C$5.2 cardinal successful one-time costs tied to strategical firm initiatives and divestiture-related activities.

Software and VMS Lead Growth

Software gross grew astatine a double-digit complaint for the 2nd consecutive quarter, led by income of the company's ARGUS Intelligence platform. Valuation Management Solutions, oregon VMS, gross accrued 7%, portion standalone information offerings continued to improve, absorption said. Services gross declined twelvemonth implicit year, though the diminution was humble erstwhile excluding One11 from the prior-year period.

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