Record Revenue and EBITDA
Dexterra Group ended 2024 with record revenue from continuing operations of $1 billion and adjusted EBITDA of $107 million.
Support Services Segment Growth
Q4 2024 saw strong year-over-year revenue growth in Support Services of over 18%, driven by the acquisition of CMI and organic growth, with adjusted EBITDA margin improving to 8.8% from 7% in Q4 2023.
Shareholder Returns
Return on equity in 2024 was 13.3%, with $30 million or about 40% of free cash flow returned to shareholders through dividends and share buybacks.
Strong Balance Sheet
Net debt was reduced to 0.6 times adjusted EBITDA or $68 million at the end of 2024, indicating strong financial management and flexibility for future investments.
Positive Market Outlook
Strong activity levels across the natural resources market, including energy and mining, are expected to continue into 2025.