Successful Private Placement
Kingsway announced a private placement with five institutional investors, raising $15.7 million to accelerate growth and acquisitions.
Increase in Acquisition Targets
Kingsway revised its KSX acquisitions target from 2-3 per year to 3-5 per year, reflecting confidence in its growth strategy.
Significant Revenue Growth
Consolidated revenue increased by 16.9% to $30.9 million in Q2 2025 compared to the same period in 2024.
KSX Segment Performance
Revenue in the KSX segment increased by 42.1% to $13.3 million, with adjusted EBITDA up 31% to $2.4 million year-over-year.
Momentum in Extended Warranty Cash Sales
Extended Warranty segment's cash sales increased by 9.2% year-over-year in Q2, indicating strengthening demand.
Debt Reduction
Net debt decreased to $46.3 million at quarter-end, down from $52 million at the end of 2024.