On October 23, 2025, FirstService Corporation (TSX: FSV; NASDAQ: FSV) announced its third‑quarter 2025 financial results. Consolidated revenue rose 4% year‑over‑year to $1.45 billion, while adjusted EBITDA increased 3% to $164.8 million, and adjusted earnings per share climbed 8% to $1.76. GAAP operating earnings for the quarter were $115.6 million, slightly below the $125.9 million reported a year earlier, and GAAP diluted EPS was $1.24 versus $1.34 a year ago.
The company’s two core platforms delivered mixed performance. FirstService Residential generated $605.4 million in revenue, up 8% YoY, and achieved adjusted EBITDA of $66.4 million, a 13% increase. FirstService Brands posted $842.1 million in revenue, a modest 1% rise, but adjusted EBITDA fell to $102.1 million from $105.8 million, reflecting lower organic growth in restoration and roofing segments offset by stronger Century Fire Protection activity.
Over the nine‑month period ending September 30, 2025, FirstService reported $4.11 billion in revenue, up 7% YoY, and $425.2 million in adjusted EBITDA, a 13% increase. Adjusted EPS for the nine months was $4.39, up 20% from the prior year, while GAAP operating earnings reached $252.2 million, slightly above the $247.9 million a year earlier. These figures underscore the company’s ability to maintain top‑line growth amid macro‑economic headwinds.
The company will host a conference call on Thursday, October 23, 2025 at 11:00 a.m. Eastern Time to discuss the results. Investors can listen live via the webcast link provided in the release. The call is expected to cover the company’s outlook for the fourth quarter and guidance for the full fiscal year, building on the solid performance reported in the third quarter.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.