Double-Digit Adjusted EBITDA Increase
Despite a difficult economic environment, the company achieved a double-digit increase in adjusted EBITDA, reflecting improved profitability.
Significant Improvement in Adjusted Net Earnings
Adjusted net earnings increased to $5.3 million in Q2, a rise of $5 million year-over-year, due to reduced SG&A expenses and a higher-value services mix.
Gross Margin Improvement
Gross margin as a percentage of revenue increased to 30.6% from 29.4% year-over-year, driven by higher-margin services and improved workforce utilization.
Strong Client Relationships
Approximately 84% of Q2 sales came from existing clients, demonstrating strong client relationships and satisfaction with Alithya's services.
Growth in U.S. Revenues
U.S. revenues increased by 2.3% year-over-year due to organic growth and a favorable U.S. dollar exchange rate impact.
SG&A Expenses Reduction
SG&A expenses decreased by 13.6% year-over-year, reflecting optimized cost structure and reduced employee compensation expenses.
Deleveraging Success
Net debt decreased to $97 million from $109 million at the end of fiscal 2024, due to cash management and debt reduction strategies.