Alithya Group inc (ALYAF) SEC Filings

Alithya Group inc. reported first quarter fiscal 2027 results for the period ended June 30, 2026, showing a significant downturn in performance. Revenues were $105.1 million, down 15.4% from $124.2 million a year earlier, with 77.4% of revenue coming from existing clients. Gross margin fell 19.8% to $31.9 million, and margin compressed to 30.4% from 32.1% as utilization declined and salaries rose.

The company swung to a net loss of $2.4 million, or $0.03 per share, from net earnings of $0.2 million. Adjusted Net Earnings dropped 56.0% to $2.9 million, and Adjusted EBITDA declined 53.4% to $5.4 million, with margin falling to 5.2%. Bookings were $89.0 million, for a Book-to-Bill Ratio of 0.85, and backlog represented roughly 14 months of trailing revenue. Operating cash use increased to $4.8 million, while drawings on the revolving credit facility were $100.9 million and additional liquidity totaled $55.2 million.

Alithya’s board is conducting a strategic review and has retained Scotiabank as financial advisor to evaluate alternatives including a merger, sale, privatization, recapitalization, strategic investments or partnerships, or continuing as a public company. The company also continued its Normal Course Issuer Bid, having repurchased and cancelled 3,328,472 Subordinate Voting Shares as of June 30, 2026.

Alithya Group inc. reported weaker results for the three months ended June 30, 2026. Revenues fell 15.4% to $105.1 million, driven by maturing projects, lower billable hours, and reduced work in government and banking, as well as the prior divestiture of Datum. Enterprise Transformation revenue declined 4.9%, while Industry Services and Solutions dropped 21.6%.

Gross margin decreased 19.8% to $31.9 million, with margin compressing to 30.4% from 32.1%, mainly due to lower utilization and salary increases, partially offset by cost controls. Selling, general and administrative expenses declined 7.5% to $28.3 million, but rose as a percentage of revenue to 27.0%. Business acquisition, integration and reorganization costs were reduced to $0.8 million from $2.0 million.

The company recorded a net loss of $2.4 million (loss per share $0.03), versus net earnings of $0.2 million a year earlier. Adjusted Net Earnings dropped to $2.9 million and Adjusted EBITDA to $5.4 million (5.2% margin), both down by more than half. Net cash used in operating activities was $4.8 million, while Net Debt rose to $117.2 million. Bookings were $89.0 million, for a Book-to-Bill Ratio of 0.85, and backlog represented about 14 months of trailing twelve‑month revenue. Management also launched a strategic review to evaluate alternatives intended to maximize shareholder value.

Alithya Group inc. is convening a virtual annual general meeting on September 9, 2026 at 10:00 a.m. EDT to receive fiscal 2026 financial statements, elect eight directors, reappoint KPMG as auditor, and consider other business. Record date is July 13, 2026.

For fiscal 2026, revenue was $477.4 million. Adjusted EBITDA margin was 9.9%, gross margin reached 37.8% in the fourth quarter and 34.0% for the year, and Adjusted Net Earnings were $28.8 million. Results include a non‑cash goodwill impairment charge.

Management highlights the integration of the eVerge acquisition, the divestiture of Datum Consulting Group, and increased use of AI and smart‑shoring. Governance disclosures show concentrated voting control via multiple voting shares and a Voting Agreement under which three insiders collectively control about 45.75% of voting rights, while directors and executives as a group hold about 46.85% of total voting rights.

Alithya Group Inc. reports that its Board of Directors has launched a strategic review process to evaluate a range of alternatives intended to maximize value for shareholders. The Board believes the current public market valuation may not fully reflect the Company’s intrinsic value or support its next phase of growth.

The review may consider options such as a merger or other business combination, privatization, sale of the Company, recapitalization, strategic investments or partnerships, or continuing as a publicly listed company. The Board will work with external financial and legal advisors. There is no assurance the process will result in any transaction, no timetable has been set, and management continues to execute the existing business plan and serve clients and partners.

Alithya Group Inc. filed a report confirming key dates and details for its upcoming Annual General Meeting of security holders. The meeting is scheduled for September 9, 2026, with a record date of July 13, 2026 for both notice and voting eligibility.

Holders of Class A subordinate voting shares and Class B multiple voting shares are entitled to receive notice of, and vote at, the meeting. The company will use notice-and-access for both registered and beneficial shareholders and will send proxy-related materials directly to non-objecting beneficial owners, with the issuer paying for delivery to objecting beneficial owners.

Alithya Group reported fourth-quarter and fiscal 2026 results marked by softer growth and a swing to loss. Full-year revenues inched up to $477.4 million, but the company recorded a net loss of $38.8 million driven largely by a $41.1 million impairment taken earlier in the year.

In Q4, revenues fell 9.2% to $113.8 million, while net loss reached $8.7 million versus earnings a year earlier. Profitability metrics weakened: Q4 Adjusted EBITDA dropped to $12.7 million with an 11.1% margin, and full-year Adjusted EBITDA was roughly flat at $47.1 million. Operating cash flow declined to $25.8 million for the year.

Bookings for fiscal 2026 totaled $434.2 million for a Book-to-Bill ratio of 0.91, with backlog covering about 14 months of trailing revenues. The company also continued its normal course issuer bid, repurchasing and cancelling about 3.2 million Class A shares. Separately, Alithya set its annual general and special meeting for September 9, 2026, with a July 13, 2026 record date.

Alithya Group Inc. filed its Annual Report on Form 40-F providing its Annual Information Form, audited consolidated financial statements for the years ended March 31, 2026 and March 31, 2025, and Management’s Discussion and Analysis for the fiscal year ended March 31, 2026. The filing states 89,540,243 Class A subordinate voting shares and 7,326,880 Class B multiple voting shares outstanding. The registrant notes its Class A shares began trading on the Toronto Stock Exchange and Nasdaq on November 2, 2018 and were voluntarily delisted from Nasdaq on February 19, 2024. The registrant discloses that KPMG LLP audited its internal control over financial reporting as of March 31, 2026 and that KPMG served as independent registered public accounting firm for fiscal years ended March 31, 2026 and March 31, 2025. The filing includes standard forward-looking statement cautions and notes differences between IFRS and U.S. GAAP. Exhibits include certifications, auditor consent, and Inline XBRL exhibits.

Alithya Group Inc. is amending its Second Amended and Restated Credit Agreement to extend and loosen several debt terms. The maturity date of its main credit facility is pushed from April 1, 2027 to April 1, 2029, giving the company a longer repayment horizon.

The amendment raises the Swingline borrowing limit to C$15,000,000 and increases the amount of cash that can be netted against Total Debt and Senior Debt to C$20,000,000 when calculating leverage ratios. It also increases the cap on financial assistance to related parties to C$3,000,000 and allows share repurchases under a Normal Course Issuer Bid within leverage thresholds.

Alithya will pay an extension fee, calculated as a redacted percentage of the Total Commitment, fully earned and payable at signing. In connection with the previously approved sale of several Datum entities to Medivra Holdings LLC, Datum Consulting Group, LLC is released as a guarantor and related security is discharged, while existing security for other obligations is confirmed.