$ALYAF

Alithya Group inc

CIK:0001734520|SEC Filings

Consolidated Statements Of Operations And Comprehensive Income (Loss) - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Profit or loss [abstract]
Revenues	$ 477,388	$ 473,481
Cost of revenues	315,308	317,347
Gross margin	162,080	156,134
Operating expenses
Selling, general and administrative expenses	122,152	116,081
Business acquisition, integration and reorganization costs (recovery)	4,084	(1,234)
Depreciation	3,499	4,523
Amortization of intangibles	18,636	18,926
Impairment loss	41,128	5,144
Foreign exchange loss (gain)	674	(258)
Operating expenses	190,173	143,182
Operating loss	(28,093)	12,952
Net financial expenses	9,469	8,882
(Loss) earnings before income taxes	(37,562)	4,070
Income tax (recovery) expense
Current	2,725	1,276
Deferred	(1,510)	1,499
Effective income tax rate	1,215	2,775
Net (loss) earnings	(38,777)	1,295
Items that may be classified subsequently to profit or loss
Cumulative translation adjustment on consolidation of foreign subsidiaries	(1,920)	3,392
Other comprehensive (loss) income	(1,920)	3,392
Comprehensive (loss) income	$ (40,697)	$ 4,687
Basic earnings (loss) per share (in CAD per share)	$ (0.40)	$ 0.01
Diluted earnings (loss) per share (in CAD per share)	$ (0.40)	$ 0.01

Consolidated Statements of Cash Flows - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating activities
Net (loss) earnings	$ (38,777)	$ 1,295
Adjustments for:
Depreciation and amortization	22,135	23,449
Change in fair value of contingent consideration	(2,088)	(5,567)
Net financial expenses	9,469	8,882
Share-based compensation	5,496	4,010
Unrealized foreign exchange loss (gain)	1,037	(966)
Realized foreign exchange (gain) loss on repayment of long-term debt	(604)	580
Impairment of goodwill and intangibles	41,128	5,144
Loss on disposal of property and equipment, intangible and lease modification	515	150
Cash settlement of RSUs, DSUs and PSUs	0	(264)
Deferred taxes	(1,510)	1,499
Adjustments to reconcile profit (loss)	36,801	38,212
Changes in non-cash working capital items	(10,974)	10,221
Net cash from operating activities	25,827	48,433
Investing activities
Additions to property and equipment	(1,417)	(1,202)
Additions to intangibles	(316)	(239)
Business acquisitions, net of cash acquired	(10,930)	(6,382)
Business divestiture, cash disposed	(951)	0
Net cash used in investing activities	(13,614)	(7,823)
Financing activities
Advances on the Credit Facility, net of related transaction costs	61,385	102,706
Repayment of the Credit Facility	(50,770)	(110,306)
Repayment of secured loans	0	(8,537)
Repayment of balances of purchase price payable	(7,712)	(4,268)
Repayment of other long-term debt	(350)	(450)
Repayment of lease liabilities, including lease termination costs	(3,815)	(4,628)
Settlement of RSUs and PSUs, including withholding taxes paid	(72)	(151)
Exercise of stock options	100	0
Shares purchased for settlement of RSUs	(205)	(148)
Shares purchased for cancellation	(5,208)	(402)
Financial expenses paid	(8,093)	(7,965)
Net cash used in financing activities	(14,740)	(34,149)
Effect of exchange rate changes on cash	(596)	636
Cash, beginning of year	(3,123)	7,097
Cash, beginning of year	15,956	8,859
Cash, end of year	12,833	15,956
Income taxes paid	$ 2,667	$ 702

Consolidated Statements of Financial Position - CAD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Current assets
Cash	$ 12,833	$ 15,956
Accounts receivable and other receivables	76,489	95,270
Unbilled revenues	32,077	14,803
Tax credits receivable	8,330	10,996
Prepaids	8,514	8,680
Total current assets	138,243	145,705
Non-current assets
Tax credits receivable	13,963	9,979
Other assets	1,040	1,327
Property and equipment	3,660	3,960
Right-of-use assets	2,584	4,277
Intangibles	55,316	74,450
Deferred tax assets	5,274	4,875
Investments accounted for using equity method	2,501	0
Goodwill	159,377	181,407
Total assets	381,958	425,980
Current liabilities
Accounts payable and accrued liabilities	74,717	80,899
Deferred revenues	22,360	25,024
Current portion of lease liabilities	1,586	3,546
Current portion of long-term debt	8,478	8,059
Current portion of contingent consideration	3,185	0
Total current liabilities	110,326	117,528
Non-current liabilities
Contingent consideration	2,704	5,359
Long-term debt	112,418	101,860
Lease liabilities	4,235	5,449
Deferred tax liabilities	9,584	11,228
Total liabilities	239,267	241,424
Shareholders' equity
Share capital	307,959	316,685
Deficit	(186,869)	(155,075)
Accumulated other comprehensive income	6,078	7,998
Contributed surplus	15,523	14,948
Shareholders' equity	142,691	184,556
Equity and liabilities	$ 381,958	$ 425,980