Kingsway Corp Q3 revenue rises 4.5%
KFS•Kingsway Corp's third-quarter revenue rose 4.5% year over year, while adjusted EBITDA was stable at $2.0 million and its net loss widened. Organic segment revenue grew 7.6%, and the company expects a positive trajectory for portfolio EBITDA in Q4 and into 2027.
1. Quarterly results
Kingsway Corp's third-quarter revenue rose 4.5% year over year. Adjusted EBITDA was $1.98 million, while the company reported a net loss of $3.15 million, which widened year over year.
2. Segment performance
KSX segment revenue increased 18.2% and adjusted EBITDA rose 24.5%. Extended Warranty adjusted EBITDA increased 88.3%, with revenue up 5.9% excluding the impact of the Trinity sale. Organic segment revenue grew 7.6% and organic adjusted EBITDA rose 54.1%, which the company attributed to commercial momentum across its businesses.
3. Company outlook
Kingsway expects a positive trajectory for portfolio EBITDA in Q4 and into 2027, and said it has a highly active deal pipeline for future growth.
