ISC Targets 10% Revenue Growth in 2026 Amid Strategic Review
Event summary
- ISC forecasts 2026 revenue of $273M–$283M, up 6–10% from 2025 guidance.
- Adjusted EBITDA expected to rise 11–19% to $100M–$107M.
- 2025 EBITDA beat driven by high-value registrations in Registry Operations.
- Strategic Review ongoing; Board considering divestments, acquisitions, or sale.
- Free cash flow to support balance-sheet deleveraging by mid-2026.
The big picture
ISC’s 2026 guidance reflects continued organic growth in registry and information management services, with particular strength in high-margin Recovery Solutions. The Strategic Review suggests potential structural shifts as the company evaluates alternatives to maximize shareholder value. The Saskatchewan economy and regulatory contracts remain key growth drivers.
What we're watching
- Execution Risk
- Whether ISC can sustain high-value registrations in Registry Operations...
- Strategic Review
- The pace at which the Board reaches a decision on potential transactions...
- Market Dynamics
- How Saskatchewan’s residential real estate market impacts Registry Operations revenue...
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