IC Group reported a 26% year-over-year increase in second-quarter 2026 revenue to CAD 3.9 million, driven by growth across all three operating segments. The company’s shares rose 7.14% to CAD 0.45 following the earnings call, extending a rebound from a 35% decline over the prior six months.
Adjusted EBITDA for the quarter reached CAD 672,000, a 345% increase from the same period last year, though it remained flat sequentially. Total revenue for the trailing twelve months increased to CAD 30.4 million, with recurring revenue comprising 68% of the total. Gross margin for the quarter stood at 42%, down one percentage point from the prior quarter.
IC Engage, the company’s consumer engagement and promotions segment, generated CAD 13.9 million in trailing twelve-month revenue, up 12% year-over-year but down 10% sequentially due to seasonality. Gross profit for the segment rose to 75% in Q2, up from 65% a year earlier, while adjusted EBITDA reached CAD 1.1 million, a 385% increase year-over-year.
IC Mobile, the enterprise messaging unit, reported Q2 revenue of CAD 3.9 million, a 25% year-over-year increase and a 10% rise from the prior quarter. Recurring revenue accounted for over 95% of the segment’s total. Gross profit margin declined to 9.6% from 16% in the trailing twelve months, attributed to carrier price increases and temporary migration costs related to a gateway upgrade scheduled for completion by the end of the third quarter.
IC Insurance, the specialty risk management division, posted Q2 revenue of CAD 900,000, a 147% year-over-year increase, including CAD 263,000 in recurring underwriting growth and CAD 275,000 in contingent profit commission income. Gross profit for the segment climbed 119% year-over-year, with a gross margin of 62%.
Management highlighted progress on a CAD 5.2 million term loan maturing on November 30, 2026, with renewal discussions described as advancing well. The company also secured a three-year agreement with a global venue technology provider to distribute IC Engage across North American education, recreation, and sports venues starting June 19. IC Group holds ISO/IEC 27001 certification and operates as one of Canada’s three tier-1 SMS aggregators, with IC Insurance maintaining binding authority in over 60 jurisdictions.
