Savaria (SIS) Q4 2025 earnings summary

Executive summary

• Achieved record Q4 adjusted EBITDA of CAD 51.3 million at a 21.2% margin, up nearly 20% year-over-year, marking the best quarter ever.

• Full-year sales reached CAD 913.5 million with adjusted EBITDA of CAD 186.3 million at a 20.4% margin, surpassing prior targets.

• The Savaria One transformation program drove sustainable operational improvements, cultural change, and profitability.

• Growth was realized across all business areas, with significant contributions from North America and Europe.

• Investments in people, processes, and products supported operational improvements.

Financial highlights

• Q4 consolidated revenues were CAD 241.8 million, up 8.3% year-over-year, with 5.2% organic growth and 2.5%-2.7% FX impact.

• Full-year revenue rose 5.3% to CAD 913.5 million; gross profit increased 10% to CAD 353.8 million (38.7% margin).

• Operating income for 2025 was CAD 105.4 million, up 25.2%; Q4 operating income up 36.6%.

• Net earnings for Q4 were CAD 20.5 million, up 43% year-over-year; full-year net earnings were CAD 68.8 million, up 41.8%.

• Cash flow from operations in Q4 was CAD 35 million; CapEx for the year was CAD 22 million (2.4% of sales).

Outlook and guidance

• 2026 expected to see continued margin improvement and accelerated top-line growth, with further details to be shared at Investor Day.

• CapEx for 2026 projected at 2.5%-3% of sales, with normalization to 2%-2.5% in 2027.

• Five-year financial targets and growth roadmap to be unveiled in April.

• Next strategic phase aims to accelerate growth, expand market opportunities, and strengthen competitive position.