ISC's 2024 Results: A Milestone in Its Growth Journey

ISC, the leading provider of registry and information management services, is set to release its 2024 fourth quarter and year-end financial results on March 17, 2025. This announcement comes on the heels of a strategic growth plan launched in 2024, aiming to double the size of the company on a revenue and adjusted EBITDA basis by 2028. Let's delve into the key factors that have contributed to ISC's strong financial performance and growth prospects.



ISC's strategic growth plan has been instrumental in driving its financial performance in the fourth quarter and full year. The company's expansion into new markets, such as the Bank Act Security Registry and the digital commercial registry system for Liechtenstein, has not only diversified its revenue streams but also solidified its reputation as a leader in registry solutions. These strategic moves have contributed to ISC's strong financial performance and its goal to double the size of the business by 2028.



ISC's expansion into new markets has been supported by several key factors:

1. Contract Wins and Renewals: ISC secured a $10 million contract to deliver a digital commercial registry system for Liechtenstein and renewed the Ontario Property Tax Assessment agreement with the Province of Ontario until 2028. These wins demonstrate the company's growing presence in both established and new markets.
2. Expansion of Service Offerings: ISC expanded its portfolio of registries by assuming operational responsibility for the Bank Act Security Registry (BASR) on behalf of the Bank of Canada. This expansion showcases the company's ability to diversify its revenue streams and tap into new markets.
3. Strong Financial Performance: Despite the challenges posed by higher interest rates and inflation, ISC delivered another year of record revenue and adjusted EBITDA in 2024. This performance reflects the company's resilience and ability to adapt to changing market conditions.
4. Organic Growth: The Services segment experienced robust organic growth driven by increased customer transactions and expanded regulatory solutions. This growth is a testament to the company's ability to meet rising demand for its services and maintain a strong customer base.
5. Predictable Cash Flows: The strength of ISC's two core segments, Registry Operations and Services, provided predictable cash flows throughout the year. This stability supported the deleveraging of the company's balance sheet and achieved sustainable growth.

ISC's expansion into new markets has not only impacted its revenue and growth prospects but has also contributed to the company's overall financial health. The Technology Solutions segment, in particular, has experienced robust organic growth driven by increased customer transactions and expanded regulatory solutions. This growth has been influenced by several key factors, including increased demand for compliance and recovery solutions, expansion of service offerings, and a strong Saskatchewan economy and best-in-class customer service.



In conclusion, ISC's expansion into new markets, supported by its strategic growth plan, has positively impacted its revenue and growth prospects. The company's strong financial performance and growth prospects are a testament to its ability to adapt to changing market conditions and maintain a strong customer base. As ISC continues to execute on its strategic growth plan, investors should keep a close eye on the company's progress and potential for future growth.