Alithya Group inc

Alithya Group inc. announced it has initiated a strategic review process to explore alternatives to maximize shareholder value, retaining Scotiabank as its financial advisor. This comes as the company reported a challenging first quarter for fiscal 2027, with revenues decreasing 15.4% to $105.1 million and a net loss of $2.4 million, compared to net earnings in the prior year. Adjusted EBITDA also saw a significant decline of 53.4% to $5.4 million.

Alithya Group inc. reported a significant decline in its first-quarter financial results for the period ended June 30, 2026. Revenues decreased by 15.4% to C$105.05 million, leading to a net loss of C$2.42 million compared to net earnings of C$0.19 million in the prior year. The company also reported an increased operating loss and continued to use cash in operating activities.

Alithya Group inc. announced its Annual General Meeting (AGM) to be held virtually on September 9, 2026. For fiscal year 2026, the company reported resilient revenue of $477.4 million and an increase in Adjusted Net Earnings to $28.8 million, despite Adjusted EBITDA being slightly lower at 9.9%. The company highlighted strategic repositioning, including the acquisition of eVerge and divestiture of Datum Consulting Group, alongside investments in AI and improved gross margins.

Alithya Group Inc. announced that its Board of Directors has initiated a strategic review process to explore opportunities to maximize shareholder value. The Board believes the current public market valuation may not fully reflect the company's intrinsic value or support its next phase of growth. Strategic alternatives under consideration include a merger, privatization, sale of the company, recapitalization, strategic investments or partnerships, or continuing as a publicly listed company. The company will continue to execute its current business plan and will be assisted by external financial and legal advisors.

Alithya Group Inc. has announced that its Annual General Meeting of Security Holders will be held on September 9, 2026. The record date for both notice and voting, as well as the beneficial ownership determination date, has been set for July 13, 2026. The company will utilize Notice-and-Access for proxy-related materials, ensuring direct delivery to non-objecting beneficial owners and covering costs for objecting beneficial owners.

Alithya Group Inc. reported its fourth quarter and fiscal year 2026 results, with Q4 revenues down 9.2% YoY to $113.8 million, and a net loss of $8.7 million compared to a profit in the prior year. For the full fiscal year, revenues saw a slight increase of 0.8% to $477.4 million, but the company reported a net loss of $38.8 million, largely due to an impairment charge. Adjusted EBITDA also saw a decline in both the quarter and the full year. The company also provided an update on its Normal Course Issuer Bid, having repurchased over 3.2 million shares.

Alithya Group Inc. has amended its Second Amended and Restated Credit Agreement, extending the maturity date of its credit facility by two years to April 1, 2029. The company also significantly increased its Swingline Limit from C$5 million to C$15 million, enhancing its short-term liquidity. Additionally, the amendment adjusted several financial covenants, including increasing the cash and cash equivalents exclusion for Senior Debt and Total Debt calculations to C$20 million and raising the financial assistance limit to C$3 million. These changes follow the approved sale of Datum Consulting Group entities to Medivra Holdings LLC.