TORONTO, Nov. 06, 2026 (GLOBE NEWSWIRE) — Co stellatio Softwa e I c. (TSX:CSU) (“Co stellatio ” o the “Compa y”) today a ou ced its fi a cial esults fo the thi d qua te e ded Septembe 30, 2026 a d decla ed a $1.00 pe sha e divide d payable o Ja ua y 12, 2027 to all commo sha eholde s of eco d at close of busi ess o Decembe 18, 2026. This divide d has bee desig ated as a eligible divide d fo the pu poses of the I come Tax Act (Ca ada). Please ote that all dolla amou ts efe ed to i this p ess elease a e i U.S. Dolla s u less othe wise stated.
The followi g p ess elease should be ead i co ju ctio with the Compa y’s U audited Co de sed Co solidated I te im Fi a cial Stateme ts fo the th ee a d i e mo ths e ded Septembe 30, 2026 a d the accompa yi g otes, ou Ma ageme t Discussio a d A alysis fo the th ee a d i e mo ths e ded Septembe 30, 2026 a d with ou a ual Co solidated Fi a cial Stateme ts, p epa ed i acco da ce with I te atio al Fi a cial Repo ti g Sta da ds (“IFRS”) a d ou a ual Ma ageme t’s Discussio a d A alysis fo the yea e ded Decembe 31, 2025, which ca be fou d o SEDAR+ at www.seda plus.com a d o the Compa y’s website www.csisoftwa e.com. Additio al i fo matio about the Compa y is also available o SEDAR+ at www.seda plus.com.
- Reve ue g ew 19% (2% o ga ic g owth, 2% afte adjusti g fo cha ges i fo eig excha ge ates) to $3,512 millio compa ed to $2,948 millio i Q3 2025.
- Net i come att ibutable to commo sha eholde s was $212 millio ($10.01 o a diluted pe sha e basis) compa ed to $210 millio ($9.89 o a diluted pe sha e basis) i Q3 2025.
- A umbe of acquisitio s we e completed fo agg egate cash co side atio of $484 millio (which i cludes acqui ed cash). Defe ed payme ts associated with these acquisitio s have a estimated value of $125 millio esulti g i total co side atio of $609 millio .
- Cash flows f om ope atio s (“CFO”) we e $717 millio , a i c ease of 5%, o $33 millio , compa ed to $685 millio fo the compa able pe iod i 2025.
- F ee cash flow available to sha eholde s1 (“FCFA2S”) dec eased $86 millio to $443 millio compa ed to $529 millio fo the same pe iod i 2025 ep ese ti g a dec ease of 16%.
- Subseque t to Septembe 30, 2026, the Compa y completed o has ope commitme ts to acqui e a umbe of busi esses fo agg egate cash co side atio of $526 millio o closi g plus total estimated defe ed payme ts of $148 millio fo total co side atio of $673 millio .
Total eve ue fo the qua te e ded Septembe 30, 2026 was $3,512 millio , a i c ease of 19%, o $564 millio , compa ed to $2,948 millio fo the compa able pe iod i 2025. Fo the fi st i e mo ths of 2026 total eve ues we e $10,027 millio , a i c ease of 19%, o $1,582 millio , compa ed to $8,446 millio fo the compa able pe iod i 2025. The i c ease fo both the th ee a d i e mo th pe iods compa ed to the same pe iods i the p io yea is p ima ily att ibutable to g owth f om acquisitio s as the Compa y expe ie ced o ga ic g owth of 2% a d 4% espectively, 2% a d 1% afte adjusti g fo the impact of cha ges i the valuatio of the US dolla agai st most majo cu e cies i which the Compa y t a sacts busi ess. O ga ic g owth is ot a sta da dized fi a cial measu e a d might ot be compa able to measu es disclosed by othe issue s.
Net i come att ibutable to commo sha eholde s of CSI fo the qua te e ded Septembe 30, 2026 was $212 millio compa ed to $210 millio fo the same pe iod i 2025. O a pe sha e basis this t a slated i to a et i come pe diluted sha e of $10.01 i the qua te e ded Septembe 30, 2026 compa ed to et i come pe diluted sha e of $9.89 fo the same pe iod i 2025. Fo the i e mo ths e ded Septembe 30, 2026, et i come att ibutable to commo sha eholde s of CSI was $853 millio o $40.26 pe diluted sha e compa ed to $402 millio o $18.96 pe diluted sha e fo the same pe iod i 2025.
Fo the qua te e ded Septembe 30, 2026, CFO i c eased $33 millio to $717 millio compa ed to $685 millio fo the same pe iod i 2025 ep ese ti g a i c ease of 5%. Fo the fi st i e mo ths of 2026, CFO i c eased $148 millio to $2,092 millio compa ed to $1,944 millio du i g the same pe iod i 2025, ep ese ti g a i c ease of 8%.
Fo the qua te e ded Septembe 30, 2026, FCFA2S dec eased $86 millio to $443 millio compa ed to $529 millio fo the same pe iod i 2025 ep ese ti g a dec ease of 16%. Fo the i e mo ths e ded Septembe 30, 2026, FCFA2S i c eased $262 millio to $1,522 millio compa ed to $1,259 millio fo the same pe iod i 2025 ep ese ti g a i c ease of 21%. The IRGA / TSS membe ship liability evaluatio cha ge elati g to the i vestme t i equity secu ities of Syg ity a d Asseco was $77 millio fo the th ee mo ths e ded Septembe 30, 2026 as compa ed to egative $25 millio fo the same pe iod i 2025. The cha ge fo the i e mo ths e ded Septembe 30, 2026 was egative $36 millio as compa ed to $172 millio fo the same pe iod i 2025. The fai value of these i vestme ts fo pu poses of calculati g the evaluatio cha ge is dete mi ed by thei espective sha e p ices at the e d of each epo ti g pe iod.
Ce tai stateme ts he ei may be “fo wa d looki g” stateme ts that i volve k ow a d u k ow isks, u ce tai ties a d othe facto s that may cause the actual esults, pe fo ma ce o achieveme ts of Co stellatio o the i dust y to be mate ially diffe e t f om a y futu e esults, pe fo ma ce o achieveme ts exp essed o implied by such fo wa d-looki g stateme ts. Fo wa d looki g stateme ts i volve sig ifica t isks a d u ce tai ties, should ot be ead as gua a tees of futu e pe fo ma ce o esults, a d will ot ecessa ily be accu ate i dicatio s of whethe o ot such esults will be achieved. A umbe of facto s could cause actual esults to va y sig ifica tly f om the esults discussed i the fo wa d looki g stateme ts. These fo wa d looki g stateme ts eflect cu e t assumptio s a d expectatio s ega di g futu e eve ts a d ope ati g pe fo ma ce a d a e made as of the date he eof a d Co stellatio assumes o obligatio , except as equi ed by law, to update a y fo wa d looki g stateme ts to eflect ew eve ts o ci cumsta ces.
FCFA2S is ot a ecog ized measu e u de IFRS a d, acco di gly, eade s a e cautio ed that FCFA2S should ot be co st ued as a alte ative to et cash flows f om ope ati g activities.
The followi g table eco ciles FCFA2S to et cash flows f om ope ati g activities:
| Th ee mo ths e ded Septembe 30, | Ni e mo ths e ded Septembe 30, | 2026 | 2025 | 2026 | 2025 | ($ i millio s) | ($ i millio s) | 717 | 685 | 2,092 | 1,944 | I te est paid o lease obligatio s | (5 | ) | (4 | ) | (14 | ) | (12 | ) | I te est paid o debt | (66 | ) | (59 | ) | (170 | ) | (153 | ) | Debt t a sactio costs | (2 | ) | (4 | ) | (7 | ) | (8 | ) | Payme ts of lease obligatio s | (39 | ) | (34 | ) | (115 | ) | (97 | ) | IRGA / TSS membe ship liability evaluatio cha ge | (117 | ) | (16 | ) | (105 | ) | (236 | ) | P ope ty a d equipme t pu chased | (20 | ) | (16 | ) | (60 | ) | (47 | ) | I te est a d divide ds eceived | 16 | 13 | 108 | 44 | 484 | 565 | 1,729 | 1,435 | Less amou t att ibutable to | No -co t olli g i te ests | (40 | ) | (36 | ) | (208 | ) | (176 | ) | F ee cash flow available to sha eholde s | 443 | 529 | 1,522 | 1,259 | Due to ou di g, ce tai totals may ot foot. |
Co stellatio ‘s commo sha es a e listed o the To o to Stock Excha ge u de the symbol “CSU”. Co stellatio acqui es, ma ages a d builds ve tical ma ket softwa e busi esses.
Jamal BakshChief Fi a cial Office (416) 861-9677 i fo@csisoftwa e.comwww.csisoftwa e.com
| Co de sed Co solidated I te im Stateme ts of Fi a cial Positio | (I millio s of U.S. dolla s, except pe sha e amou ts. Due to ou di g, umbe s p ese ted may ot foot.) | U audited | Septembe 30, 2026 | Decembe 31, 2025 | Assets | Cu e t assets: | Cash a d cash equivale ts | $ | 2,693 | $ | 3,089 | Accou ts eceivable | 1,699 | 1,466 | U billed eve ue | 546 | 451 | I ve to ies | 98 | 66 | Othe assets | 887 | 729 | 5,923 | 5,800 | No -cu e t assets: | P ope ty a d equipme t | 253 | 240 | Right of use assets | 396 | 386 | Defe ed i come taxes | 485 | 355 | I vestme ts i associates | 637 | 655 | Othe assets | 497 | 345 | I ta gible assets | 9,753 | 8,392 | 12,021 | 10,373 | Total assets | $ | 17,944 | $ | 16,173 | Liabilities a d Sha eholde s’ Equity | Cu e t liabilities: | Debt with ecou se to Co stellatio Softwa e I c. | $ | – | $ | – | Liability of CSI u de the IRGA | 741 | 775 | Debt without ecou se to Co stellatio Softwa e I c. | 433 | 591 | Accou ts payable a d acc ued liabilities | 2,064 | 1,941 | Divide ds payable | 21 | 21 | Defe ed eve ue | 2,543 | 2,219 | P ovisio s | 22 | 18 | Acquisitio holdback payables | 314 | 216 | Lease obligatio s | 152 | 143 | I come taxes payable | 228 | 150 | 6,517 | 6,074 | No -cu e t liabilities: | Debt with ecou se to Co stellatio Softwa e I c. | 1,472 | 1,489 | Liability of CSI u de the IRGA | 554 | 458 | Debt without ecou se to Co stellatio Softwa e I c. | 2,094 | 2,051 | Defe ed i come taxes | 1,048 | 886 | Acquisitio holdback payables | 277 | 208 | Lease obligatio s | 299 | 282 | Othe liabilities | 603 | 457 | 6,347 | 5,832 | Total liabilities | 12,864 | 11,906 | Sha eholde s’ equity: | Capital stock | 99 | 99 | Accumulated othe comp ehe sive i come (loss) | 72 | 130 | Retai ed ea i gs | 4,136 | 3,347 | No -co t olli g i te ests | 772 | 692 | 5,080 | 4,267 | Total liabilities a d sha eholde s’ equity | $ | 17,944 | $ | 16,173 |
| Co de sed Co solidated I te im Stateme ts of I come (loss) | (I millio s of U.S. dolla s, except pe sha e amou ts. Due to ou di g, umbe s p ese ted may ot foot.) | U audited | Th ee mo ths e ded Septembe 30, | Ni e mo ths e ded Septembe 30, | 2026 | 2025 | 2026 | 2025 | Reve ue | Lice se | $ | 97 | $ | 107 | $ | 280 | $ | 290 | P ofessio al se vices | 569 | 538 | 1,688 | 1,558 | Ha dwa e a d othe | 131 | 89 | 347 | 244 | Mai te a ce a d othe ecu i g | 2,715 | 2,213 | 7,712 | 6,354 | 3,512 | 2,948 | 10,027 | 8,446 | Expe ses | Staff | 1,735 | 1,487 | 5,118 | 4,356 | Ha dwa e | 77 | 51 | 200 | 134 | Thi d pa ty lice se, mai te a ce a d p ofessio al se vices | 361 | 285 | 1,004 | 807 | T avel, telecommu icatio s, supplies, softwa e a d equipme t | 192 | 149 | 531 | 424 | P ofessio al fees | 74 | 55 | 207 | 157 | Othe , et | 77 | 62 | 261 | 205 | Dep eciatio | 57 | 52 | 167 | 148 | Amo tizatio of i ta gible assets | 376 | 307 | 1,049 | 865 | 2,948 | 2,448 | 8,537 | 7,095 | Fo eig excha ge loss (gai ) | (7 | ) | (17 | ) | (65 | ) | 132 | IRGA/TSS Membe ship liability evaluatio cha ge | 117 | 16 | 105 | 236 | Fi a ce a d othe expe se (i come) | (4 | ) | (83 | ) | (64 | ) | (191 | ) | Sha e i et (i come) loss of equity i vestees | (5 | ) | 0 | (27 | ) | 0 | Ba gai pu chase gai | (7 | ) | (1 | ) | (17 | ) | (6 | ) | Impai me t of i ta gible a d othe o -fi a cial assets | 6 | 12 | 22 | 23 | Revaluatio of i vestme t accou ted fo usi g the equity method to cost | – | 260 | – | 260 | Fi a ce costs | 84 | 74 | 248 | 216 | 184 | 261 | 200 | 670 | I come (loss) befo e i come taxes | 380 | 239 | 1,290 | 681 | Cu e t i come tax expe se ( ecove y) | 194 | 153 | 529 | 445 | Defe ed i come tax expe se ( ecove y) | (57 | ) | (76 | ) | (185 | ) | (185 | ) | I come tax expe se ( ecove y) | 137 | 77 | 344 | 261 | Net i come (loss) | 243 | 162 | 946 | 420 | Net i come (loss) att ibutable to: | Commo sha eholde s of Co stellatio Softwa e I c. | 212 | 210 | 853 | 402 | No -co t olli g i te ests | 31 | (48 | ) | 93 | 18 | Net i come (loss) | 243 | 162 | 946 | 420 | Ea i gs pe commo sha e of Co stellatio Softwa e I c. | Basic a d diluted | $ | 10.01 | $ | 9.89 | $ | 40.26 | $ | 18.96 |
| Co de sed Co solidated I te im Stateme ts of Comp ehe sive I come (loss) | (I millio s of U.S. dolla s, except pe sha e amou ts. Due to ou di g, umbe s p ese ted may ot foot.) | U audited | Th ee mo ths e ded Septembe 30, | Ni e mo ths e ded Septembe 30, | 2026 | 2025 | 2026 | 2025 | Net i come (loss) | $ | 243 | $ | 162 | $ | 946 | $ | 420 | Items that a e o may be eclassified subseque tly to et i come (loss): | Fo eig cu e cy t a slatio diffe e ces f om fo eig ope atio s a d othe , et of tax | (17 | ) | (14 | ) | (69 | ) | 250 | Items that will ot be eclassified to et i come (loss): | Cha ges i the fai value of equity i vestme ts at FVOCI | – | (5 | ) | – | 209 | Othe comp ehe sive i come (loss), et of i come tax | (17 | ) | (19 | ) | (69 | ) | 459 | Total comp ehe sive i come (loss) | $ | 226 | $ | 142 | $ | 877 | $ | 879 | Total othe comp ehe sive i come (loss) att ibutable to: | Commo sha eholde s of Co stellatio Softwa e I c. | (15 | ) | (17 | ) | (57 | ) | 336 | No -co t olli g i te ests | (2 | ) | (3 | ) | (12 | ) | 123 | Total othe comp ehe sive i come (loss) | $ | (17 | ) | $ | (19 | ) | $ | (69 | ) | $ | 459 | Total comp ehe sive i come (loss) att ibutable to: | Commo sha eholde s of Co stellatio Softwa e I c. | 197 | 193 | 796 | 738 | No -co t olli g i te ests | 29 | (51 | ) | 81 | 141 | Total comp ehe sive i come (loss) | $ | 226 | $ | 142 | $ | 877 | $ | 879 |
| Co de sed Co solidated I te im Stateme t of Cha ges i Equity | (I millio s of U.S. dolla s, except pe sha e amou ts. Due to ou di g, umbe s p ese ted may ot foot.) | U audited | Ni e mo ths e ded Septembe 30, 2026 | Total comp ehe sive i come (loss): | Net i come (loss) | – | – | 853 | 853 | 93 | 946 | Othe comp ehe sive i come (loss) | Fo eig cu e cy t a slatio diffe e ces f om | fo eig ope atio s a d othe , et of tax a d | – | (57 | ) | – | (57 | ) | (12 | ) | (69 | ) | T a sactio s with ow e s, eco ded di ectly i equity | Othe moveme ts i o -co t olli g i te ests | – | – | (0 | ) | (0 | ) | (0 | ) | (1 | ) | Divide ds to sha eholde s of the Compa y | – | – | (64 | ) | (64 | ) | – | (64 | ) |
| Co de sed Co solidated I te im Stateme t of Cha ges i Equity | (I millio s of U.S. dolla s, except pe sha e amou ts. Due to ou di g, umbe s p ese ted may ot foot.) | U audited | Ni e mo ths e ded Septembe 30, 2025 | Total comp ehe sive i come (loss): | Net i come (loss) | – | – | 402 | 402 | 18 | 420 | Othe comp ehe sive i come (loss) | Fo eig cu e cy t a slatio diffe e ces f om | fo eig ope atio s a d othe , et of tax a d | cha ges i the fai value of equity i vestme ts at FVOCI | – | 336 | – | 336 | 123 | 459 | T a sactio s with ow e s, eco ded di ectly i equity | Othe moveme ts i o -co t olli g i te ests | – | 0 | 0 | 0 | (1 | ) | (0 | ) | Divide ds paid to o -co t olli g i te ests | – | – | – | – | (0 | ) | (0 | ) | Divide ds to sha eholde s of the Compa y | – | (64 | ) | (64 | ) | – | (64 | ) |
| Co de sed Co solidated I te im Stateme ts of Cash Flows | (I millio s of U.S. dolla s, except pe sha e amou ts. Due to ou di g, umbe s p ese ted may ot foot.) | U audited | Th ee mo ths e ded Septembe 30, | Ni e mo ths e ded Septembe 30, | 2026 | 2025 | 2026 | 2025 | Cash flows f om (used i ) ope ati g activities: | Net i come (loss) | 243 | 162 | 946 | 420 | Adjustme ts fo : | Dep eciatio | 57 | 52 | 167 | 148 | Amo tizatio of i ta gible assets | 376 | 307 | 1,049 | 865 | IRGA/TSS Membe ship liability evaluatio cha ge | 117 | 16 | 105 | 236 | Fi a ce a d othe expe se (i come) | (4 | ) | (83 | ) | (64 | ) | (191 | ) | Sha e i et (i come) loss of equity i vestees | (5 | ) | 0 | (27 | ) | 0 | Ba gai pu chase (gai ) | (7 | ) | (1 | ) | (17 | ) | (6 | ) | Impai me t of i ta gible a d othe o -fi a cial assets | 6 | 12 | 22 | 23 | Revaluatio of i vestme t accou ted fo usi g the equity method to cost | – | 260 | – | 260 | Fi a ce costs | 84 | 74 | 248 | 216 | I come tax expe se ( ecove y) | 137 | 77 | 344 | 261 | Fo eig excha ge loss (gai ) | (7 | ) | (17 | ) | (65 | ) | 132 | Dep eciatio of thi d pa ty costs | 4 | 5 | 11 | 14 | Cha ge i o -cash ope ati g assets a d liabilities | exclusive of effects of busi ess combi atio s | (157 | ) | (47 | ) | (175 | ) | (2 | ) | T a sactio costs associated with equity secu ities classified as FVOCI | – | – | – | (2 | ) | I come taxes paid | (126 | ) | (131 | ) | (451 | ) | (430 | ) | Net cash flows f om (used i ) ope ati g activities | 717 | 685 | 2,092 | 1,944 | Cash flows f om (used i ) fi a ci g activities: | I te est paid o lease obligatio s | (5 | ) | (4 | ) | (14 | ) | (12 | ) | I te est paid o debt | (66 | ) | (59 | ) | (170 | ) | (153 | ) | I c ease (dec ease) i Topicus evolvi g c edit debt facility without ecou se to CSI | 12 | 301 | (251 | ) | 197 | P oceeds f om issua ce of debt facilities without ecou se to CSI | 102 | 77 | 700 | 445 | Repayme ts of debt facilities without ecou se to CSI | (307 | ) | (108 | ) | (536 | ) | (207 | ) | Othe fi a ci g activities | 33 | (1 | ) | 24 | (1 | ) | Divide ds paid to o -co t olli g i te ests | – | – | – | (0 | ) | Debt t a sactio costs | (2 | ) | (4 | ) | (7 | ) | (8 | ) | Payme ts of lease obligatio s, et of sublease eceipts | (39 | ) | (34 | ) | (115 | ) | (97 | ) | Divide ds paid to commo sha eholde s of the Compa y | (21 | ) | (21 | ) | (64 | ) | (64 | ) | Net cash flows f om (used i ) fi a ci g activities | (294 | ) | 147 | (431 | ) | 100 | Cash flows f om (used i ) i vesti g activities: | Acquisitio of busi esses | (484 | ) | (281 | ) | (1,913 | ) | (755 | ) | Cash obtai ed with acqui ed busi esses | 33 | 44 | 189 | 100 | Post-acquisitio settleme t payme ts, et of eceipts | (99 | ) | (70 | ) | (262 | ) | (200 | ) | Pu chases of i vestme ts a d othe assets | (25 | ) | (36 | ) | (72 | ) | (225 | ) | P oceeds f om sales of othe i vestme ts a d othe assets | 0 | 0 | 1 | 16 | Dec ease (i c ease) i est icted cash | (28 | ) | (289 | ) | (26 | ) | (284 | ) | I te est, divide ds a d othe p oceeds eceived | 16 | 13 | 108 | 44 | P ope ty a d equipme t pu chased | (20 | ) | (16 | ) | (60 | ) | (47 | ) | Net cash flows f om (used i ) i vesti g activities | (608 | ) | (634 | ) | (2,037 | ) | (1,351 | ) | Effect of fo eig cu e cy o | cash a d cash equivale ts | (8 | ) | (3 | ) | (20 | ) | 97 | I c ease (dec ease) i cash a d cash equivale ts | (193 | ) | 195 | (395 | ) | 790 | Cash a d cash equivale ts, begi i g of pe iod | $ | 2,886 | $ | 2,575 | $ | 3,089 | $ | 1,980 | Cash a d cash equivale ts, e d of pe iod | $ | 2,693 | $ | 2,770 | $ | 2,693 | $ | 2,770 |