Alithya Group SEC Filings

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.

Alithya Group reported stable third‑quarter results with a modest revenue decline but stronger profitability and cash flow. Q3 revenues were $115.2 million, down 0.5% year over year, while net earnings improved to $0.7 million, or $0.01 per share, from a loss of $3.7 million.

Adjusted EBITDA was $10.0 million with an 8.7% margin, slightly below last year, and Adjusted Net Earnings slipped to $5.1 million. Bookings reached $130.9 million, a Book‑to‑Bill ratio of 1.14, and backlog represented about 14 months of trailing revenue.

Operating cash flow rose sharply to $25.5 million. For the first nine months, revenue grew 4.4% to $363.6 million, Adjusted EBITDA rose 16.1% to $34.4 million, and Adjusted Net Earnings increased 32.1% to $21.0 million, despite a $38.0 million impairment driving a nine‑month net loss of $30.1 million. The company is also executing a Normal Course Issuer Bid and plans a related Datum spin‑off and private repurchase of 2,489,682 subordinate voting shares.

Alithya Group delivered stable revenue but mixed profitability for the three and nine months ended December 31, 2025. Quarterly revenue was $115.2 million, essentially flat versus $115.8 million a year earlier, while net earnings improved to $0.7 million from a $3.7 million loss, reflecting tighter operating costs and lower depreciation and impairment.

For the nine‑month period, revenue rose to $363.6 million from $348.2 million, but the Company recorded a $30.1 million net loss versus a $6.7 million loss a year earlier, mainly due to $38.0 million of goodwill and intangible impairments concentrated in its Canada and U.S. Industry Solutions units. Goodwill declined to $159.6 million and intangibles to $63.9 million as at December 31, 2025.

Alithya closed the eVerge Interests acquisition for total adjusted cash consideration of $28.4 million, adding $18.7 million of nine‑month revenue but a $2.1 million loss before income taxes as integration, amortization and earn‑out related costs weighed on results. Long‑term debt increased modestly to $114.8 million, largely under a $140 million senior secured revolving credit facility and $20 million of subordinated loans, while operating cash flow reached $22.4 million for the nine months and $25.5 million in the latest quarter, supporting continued investment and acquisition payments.

Claret Asset Management Corporation filed an amended Schedule 13G reporting its beneficial ownership in Alithya Group inc Class A subordinate voting stock. As of December 31, 2025, Claret reports beneficial ownership of 3,589,055 shares, representing 3.89% of this class.

The ownership percentage is calculated using 92,363,474 Subordinated Voting Shares outstanding as of November 12, 2025, as disclosed by Alithya. Claret has sole voting and dispositive power over all reported shares and certifies the holdings are in the ordinary course of business, not for changing or influencing control.