NowVertical Group Reports Second Quarter 2025 Financial Results
TORONTO, Aug. 27, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSXV:NOW) ("NOW" or the "Company"), a leader in AI-driven data solutions, announces financial results for its second fiscal quarter ended June 30, 2025. Unless otherwise specified, all dollar amounts are expressed in U.S. dollars. Management will host an investor webinar at 10:00 AM EDT (7:00 AM PDT) on Thursday August 28th, to discuss the Company's financial and business results.
Selected Financial Highlights for the Three and Six Months Ended June 30, 2025:
Revenue was $8.2 million in the three months ended June 30, 2025 ("Q2 2025"), a 13% decrease from $9.4 million for the three months ending June 30, 20241 ("Q2 2024"), while revenue for the six months ended June 30, 2025 ("H1 2025") was $18.6 million, a 4% increase from $17.9 million over the six months ended June 30, 20241 ("H1 2024").
Gross Profit was $3.8 million in Q2 2025, a 24% decrease from $5.1 million in Q2 20241 and was $9.0 million in H1 2025, a 6% decrease from $9.6 million n H1 20241.
Administrative Expenses were $3.2 million in Q2 2025, a 31% decrease from $4.6 million in Q2 20241 and were $6.8 million in H1 2025, a 26% decrease from $9.3 million in H1 20241.
Income from Operations was $0.6 million in Q2 2025, a 41% increase from $0.4 million in Q2 20241 and was $2.1 million in H1 2025, a 622% increase from $0.3 million in H1 20241.
Adjusted EBITDA was $1.0 million in Q2 2025, a 29% decrease from $1.5 million in Q2 20241, while Adjusted EBITDA was $3.6 million in H1 2025, a 36% increase from $2.6 million in H1 20241. Adjusted EBITDA is a non-GAAP financial measure, see "Non-IFRS Measures" below.
"As we close the first half of 2025, NowVertical has taken another meaningful step forward delivering positive operating income and a 36% increase in adjusted EBITDA year-to-date. While Q2 2025 revenue declined 13%, largely due to the planned Chile restructuring, multi-year reseller contract adjustments, and the deferral of certain public sector deals, our strategic accounts grew 44% year-over-year and now represents over 70% of H1 2025 revenue. This shift strengthens the quality and predictability of our revenue mix and underpins our path towards sustainable growth. With continued focus on seeking high-value engagements, we remain confident in our ability to deliver a strong H2 2025 and advance toward our growth and profitability objectives." said Sandeep Mendiratta, CEO of NOW.
Q2 2025 and Subsequent Business Highlights:
May 30, 2025: Announced that the company secured Up to $26 Million USD in Financing with HSBC to Fuel Growth.
June 18, 2025: Announced that the company was to Participate in Bristol Capital - Hosted Webinar to Showcase Business Overview.
July 02, 2025: The Company announced that its integration strategy ...