TORONTO, March 4, 2026 /CNW/ - Lumine Group Inc. ("Lumine Group" or "the Company") (TSXV: LMN) announces financial results for the three months and year ended December 31, 2025. All amounts referred to in this press release are in US dollars unless otherwise stated.

The following press release should be read in conjunction with the Company's annual consolidated financial statements for the year ended December 31, 2025, and management's discussion and analysis ("MD&A") for the year ended December 31, 2025, which can be found on SEDAR+ at www.sedarplus.ca. Additional information about Lumine Group is also available on SEDAR+ and on Lumine Group's website www.luminegroup.com.

Q4 2025 Headlines:

• Revenue increased 16% to $216.3 million compared to $187.1 million in Q4 2024 (including 1% organic growth after adjusting for foreign exchange impacts).
• The Company generated operating income of $88.4 million during the quarter, a 29% increase from $68.7 million in Q4 2024.
• The Company generated net income of $49.6 million during the quarter, a 69% increase from net income of $29.4 million in Q4 2024.
• Cash flows from operations ("CFO") increased $18.1 million to $71.4 million compared to $53.3 million in Q4 2024, representing an increase of 34%.
• Free cash flow available to shareholders ("FCFA2S") increased $21.8 million to $67.1 million compared to $45.3 million in Q4 2024, representing an increase of 48%.

2025 Headlines:

• Revenue increased 15% to $765.7 million compared to $668.4 million in 2024 (including 1% organic growth after adjusting for foreign exchange impacts).
• The Company generated operating income of $275.7 million, an increase of 31% from $210.3 million in 2024.
• The Company generated net income of $118.8 million, compared to net loss of $258.9 million for 2024.
• CFO increased $121.5 million to $236.5 million, compared to $115.0 million in 2024, representing an increase of 106%.
• FCFA2S increased $131.3 million to $217.0 million compared to $85.7 million in 2024, representing an increase of 153%.

Total revenue for the three months ended December 31, 2025 is $216.3 million, an increase of 16%, or $29.2 million, compared to $187.1 million for the comparable period in 2024. For the year ended December 31, 2025, total revenue was $765.7 million, an increase of 15%, or $97.3 million, compared to $668.4 million for the comparable period in 2024. The increase for the three months and year ended December 31, 2025 compared to the same periods in 2024 is primarily attributable to revenues from new acquisitions in the current and preceding years. The Company experienced organic growth of 3% and 2%, respectively, for the three months and year ended December 31, 2025 or 1% and 1% after adjusting for the impact of changes in the valuation of the US dollar against most major currencies in which the Company transacts business. For acquired companies, organic growth is calculated as the difference between actual revenues achieved by each business in the financial period following acquisition, compared to the estimated revenues they achieved in the corresponding financial period preceding the date of acquisition by the Company. Organic growth is not a standardized financial measure and might not be comparable to measures disclosed by other issuers.

Operating income for the three months ended December 31, 2025 was $88.4 million, an increase of 29%, or $19.7 million, compared to $68.7 million for the same period in 2024. Operating income for the year ended December 31, 2025 was $275.7 million, an increase of 31%, or $65.4 million, compared to $210.3 million for the same period in 2024. The increase for the three months and year ended was attributable to improved profitability in our existing businesses, as well as contributions from recent acquisitions following strengthening activities. Operating income is not a standardized financial measure and might not be comparable to measures disclosed by other issuers. See "Non-IFRS Measures".

Net income for the three months ended December 31, 2025 was $49.6 million, an increase of 69%, or $20.2 million, compared to net income of $29.4 million for the same period in 2024. Net income for the year ended December 31, 2025 was $118.8 million compared to net loss of $258.9 million for the same period in 2024. The increase in net income for the three month period was attributable to improved profitability in our existing businesses, as well as contributions from recent acquisitions following strengthening activities. The increase in net income for the year ended is primarily attributable to the mandatory conversion of preferred and special securities on March 25, 2024 such that no further preferred and special securities expense was booked in the current year.

For the three months ended December 31, 2025, CFO increased $18.1 million to $71.4 million compared to $53.3 million for the same period in 2024 representing an increase of 34%. The increase for the three months is mainly driven by higher operating income of $19.7 million. For the year ended December 31, 2025, CFO increased $121.5 million to $236.5 million compared to $115.0 million for the same period in 2024 representing an increase of 106%. The increase for the year is mainly driven by lower non-cash operating working capital of $59.4 million and higher operating income of $65.4 million, partly offset by $8.8 million higher income taxes paid.

For the three months ended December 31, 2025, FCFA2S increased $21.8 million to $67.1 million compared to $45.3 million for the same period in 2024 representing an increase of 48%. The increase in the three months ended December 31, 2025 is driven by higher CFO compared to the same periods in 2024 and lower interest paid on bank indebtedness. For the year ended December 31, 2025, FCFA2S increased $131.3 million to $217.0 million compared to $85.7 million for the same period in 2024 representing an increase of 153%. The increase in the year ended December 31, 2025 is driven by higher CFO compared to the same period in 2024, higher interest received on bank deposits, and lower interest paid on bank indebtedness. FCFA2S is a non-IFRS Measure. See "Non-IFRS Measures".

Non-IFRS Measures

Operating income refers to net income (loss) before income tax expense, amortization of intangible assets, redeemable preferred and special securities expense, gain on bargain purchase, and finance costs and other expenses (income). The Company believes that operating income is useful supplemental information as it provides an indication of the profitability of Lumine Group related to its core operations. Operating income is not a recognized measure under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Accordingly, readers are cautioned that operating income should not be construed as an alternative to net income (loss).

The following table reconciles operating income to net income (loss):

Free cash flow available to shareholders ''FCFA2S'' refers to net cash flows from operating activities less interest paid on lease obligations, interest paid on bank indebtedness, transaction costs on bank indebtedness, repayments of lease obligations, interest, dividends and other proceeds received, and property and equipment purchased net of proceeds from disposal. The Company believes that FCFA2S is useful supplemental information as it provides an indication of the uncommitted cash flow that is available to shareholders if Lumine Group does not make any acquisitions, or investments, and does not repay any bank indebtedness. While the Company could use the FCFA2S to pay dividends or repurchase shares, the Company's objective is to invest all of its FCFA2S in acquisitions which meet the Company's hurdle rate.

FCFA2S is not a recognized measure under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Accordingly, readers are cautioned that FCFA2S should not be construed as an alternative to net cash flows from operating activities.

The following table reconciles FCFA2S to net cash flows from operating activities:

Forward Looking Statements

Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Lumine Group or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.

About Lumine Group Inc.

Lumine Group acquires, strengthens, and grows, businesses in the communications and media industry. Learn more at www.luminegroup.com. 

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.

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SOURCE Lumine Group Inc