Earnings call transcript: IC Group posts strong Q2 2026 growth, shares rise 7%

IC Group Holdings reported a strong second-quarter 2026, with revenue rising 26% year over year to CAD 3.9 million and adjusted EBITDA increasing by 345% to CAD 672,000. The company's consumer engagement, mobile messaging, and insurance businesses all contributed to the growth. IC Mobile experienced margin pressure due to carrier price increases and platform migration costs, but management expects improvements after the system upgrade is completed.

The company's recurring revenue made up about 68% of trailing twelve-month revenue, providing a steadier cash flow. Management highlighted the company's growth in niche markets, such as IC Engage's work with sports teams and live events, IC Mobile as a Canadian-owned SMS aggregator, and IC Insurance operating as a Lloyd's-backed managing general agent.

While the company remains unprofitable on a trailing twelve-month basis, with a Financial Health score of 2.26 out of 5, the reported numbers indicate a strong operating quarter, with broad-based growth across its three operating segments. The stock rose 7.14% to $0.45 after the update, still trading below its 52-week high of $0.74.