Company Announcements

REGINA, SK , Dec. 10, 2025 /CNW/ - SSC Security Services Corp. ("SSC" or the "Company") (TSXV: SECU) (OTCQX: SECUF), a national provider of cyber, physical and electronic security services to commercial, industrial and public sector clients across Canada, is pleased to release its results for the fourth quarter and year end for the 2025 fiscal year ended September 30, 2025. All figures are presented in Canadian dollars. 

"The story of SSC remains one of steady, consistent—some might even say predictable—growth. Our continued focus on profitability has driven margin improvement this year, which is an important indicator for our business. Our commitment to disciplined M&A, share buybacks, and thoughtful capital allocation remains unchanged. Over the long term, this approach will continue to build a strong and resilient company for our shareholders," said Chairman and CEO Doug Emsley.

FY2025 HIGHLIGHTS

• Continued Margin Improvement - The fiscal year gross profit is $20.0 million (16.8% margin), up from $19.2 million (15.9%) in the prior year. Gross profit for Q4 2025 was $5.5 million (16.9%), up 12.2% from $4.9 million (16.4%) in the same quarter last year.
  
  
• Revenue Growth - Revenues for the fiscal year ended September 30, 2025 were $119.4 million, consistent with the $120.6 million during the previous fiscal year ended September 30, 2024. The Company generated $32.4 million in revenue for Q4 2025, up 9.3% from $29.6 million in the prior-year fourth quarter.
  
  
• Improved Adjusted EBITDA - Adjusted EBITDA for the year was $5.7 million ($0.31 per share), up from $5.0 million ($0.26 per share) during the prior year. Adjusted EBITDA in Q4 2025 was $2.0 million ($0.11 per share), as compared to $1.2 million ($0.06 per share) during the same fourth quarter last year.
  
  
• Continued NCIB Share Buybacks - During the year SSC bought back 439,200 shares of the Company at an average price of $2.54 per share.
  
  
• 36^th Consecutive Quarterly Dividend Paid - During the quarter we paid $0.03 per share in dividends to shareholders.
  
  
• We finished the year ended September 30, 2025 with:
  
  
  • Cash and cash equivalents of $11.3 million equal to $0.62 per share;
  • Working capital of $25.3 million;
  • Total shareholders' equity of $61.4 million; and
  • No debt.

Key Performance Indicators for the comparable periods are summarized below:

Over the past three fiscal years, revenues have grown by 9.5%, adjusted EBITDA by 32.2%, and adjusted EBITDA per share by 40.9%.

REVENUE, GROSS PROFIT & NET INCOME 

Revenues for the quarter ended September 30, 2025 were $32.4 million compared with $29.6 million during the previous quarter ended September 30, 2024, an increase of $2.8 million, or 9.3%. The increase in revenues was exclusively the result of internally driven organic growth.

Revenues for the fiscal year ended September 30, 2025 were $119.4 million consistent with the $120.6 million during the previous fiscal year ended September 30, 2024. 

Gross profit for the year ended September 30, 2025, increased to $20.0 million (16.8%) from $19.2 million (15.9%) during the previous year. We continued to see steady improvement in our gross profit margin percentages. These improvements are a result of the continued focus on operating efficiencies and cost reduction initiatives. 

For the quarter ended September 30, 2025, gross margin increased to $5.5 million (16.9%) from $4.9 million (16.4%) during the previous quarter ended September 30, 2024.

Comprehensive net income for the year ended September 30, 2025 was $0.2 million (profit of $0.01 per share), while comprehensive net income was $0.6 million (profit of $0.03 per share) during the previous year.

ADJUSTED NET INCOME & ADJUSTED EBITDA

Adjusted EBITDA is the Company's primary KPI for evaluating financial performance. The Company reported Adjusted EBITDA of $5.7 million ($0.31 per share) for the year ended September 30, 2025, representing a 13.4% increase from $5.0 million ($0.26 per share) in the previous year. The increase highlights sustained operational improvements, complemented by insurance rebates recognized during the fiscal year.

Adjusted EBITDA for the quarter ended September 30, 2025, was $2.0 million ($0.11 per share), as compared to $1.2 million ($0.06 per share) during the same quarter last year.

Adjusted net income for the year ended September 30, 2025 was $2.7 million (profit of $0.15 per share), compared to an adjusted net income last year of $2.0 million (profit of $0.10 per share). Adjusted net income for the quarter ended September 30, 2025 was $1.0 million (profit of $0.05 per share), compared to adjusted net income of $0.5 million (profit of $0.03 per share) for the quarter ended September 30, 2024.

BALANCE SHEET 

Key balance sheet items are summarized below: 

UPDATE ON NORMAL COURSE ISSUER BID 

During the year ended September 30, 2025, we bought back 439,200 shares at an average price of $2.54 per share (prior year: 591,400 shares at an average price of $2.52 per share). All but 700 shares repurchased under the normal course issuer bid have been cancelled, with the remaining 700 cancelled shortly after year-end.

We continue to believe that our shares have been trading in a price range which does not adequately reflect their value and that the purchase of shares under the NCIB enhances remaining shareholder value. Since 2017, the Company has cancelled nearly 48% of its outstanding shares through buybacks.

OUTLOOK 

We are seeing continued growth in demand for the kind of innovative and cost-effective security services and solutions that we offer at SSC. Our ability to combine physical and electronic security services in a fully integrated way is the future of our industry. Additional growth may also come via acquisition, as we look to acquire other profitable companies in the Canadian security industry. Acquisitions may help us reach our growth targets more quickly, but we will not rush to complete new deals, and we will maintain our financial conservatism throughout.

The remaining legacy assets are expected to convert to cash, and our objective is to make these resources available for the expansion of our security business.

We also plan to continue to distribute capital to shareholders via our dividend, operate with minimal to no debt while maintaining solid liquidity, focusing on maintaining strong margins, and maximizing our Adjusted EBITDA per share. 

ABOUT SSC 

SSC Security Services Corp. is a national provider of cyber, physical and electronic security services to corporate and public sector clients across Canada. For more information, please visit www.securityservicescorp.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

Forward Looking Statements

This release includes forward-looking statements regarding SSC and its business. Such statements are based on the current expectations and views of future events of SSC's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting SSC, including risks regarding the security industry, the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of SSC. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and SSC undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. 

*Non-IFRS Measures 

SSC measures key performance metrics established by management as being key indicators of the Company's strength, using certain non-IFRS performance measures, including: 

• EBITDA, EBITDA per share, Adjusted EBITDA, Adjusted EBITDA per share, Adjusted Net Income, Adjusted Net Income per share.

The Company uses these non-IFRS measures for its own internal purposes. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and these measures may be calculated differently by other companies. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company provides these non-IFRS measures to enable investors and analysts to understand the underlying operating and financial performance of the Company in the same way as it is frequently evaluated by Management. Management will periodically assess these non-IFRS measures and the components thereof to ensure their continued use is beneficial to the evaluation of the underlying operating and financial performance of the Company. For more detailed information, please refer to the Company's Management Discussion and Analysis dated December 9, 2025 available on the Company's website at www.securityservicescorp.ca and on SEDAR+ at www.sedarplus.ca.

SOURCE SSC Security Services Corp.