Global Receivables Management Reports Third Quarter Revenue Growth of 16% to $21.9 Million and Nine-Month Revenue Growth of 23% to $63.4 Million, as Adjusted EBITDA Improves Sequentially to $1.5 Million
Key Highlights
- ➤Q3 revenue $21.9 million, up 16% year-over-year
- ➤Nine-month revenue $63.4 million, up 23% year-over-year
- ➤Q3 adjusted EBITDA from continuing operations $1.5 million, versus $0.9 million in Q2
- ➤Newly signed client contracts expected to add $6.0 million annualized revenue at 15% net margin
- ➤Gordon Reykdal appointed chairman and CEO; Graham Rankin resigned
Expert Statements
Gordon Reykdal, Chairman and Chief Executive Officer of Global Receivables Management Inc.
“On behalf of the Board, I thank Graham for his leadership as Chairman and Co-CEO. Graham played a central role in building our United Kingdom platform, including the acquisitions of EPFS, CCS, and ACT. With GRM now focused entirely on receivables management, I look forward to working with Barret and the team to continue growing revenue and Adjusted EBITDA”
Barret Reykdal, President and Chief Operating Officer of Global Receivables Management Inc.
“Our third quarter shows the investment we made earlier this year converting into results. Revenue grew 16% year-over-year and Adjusted EBITDA improved for the second consecutive quarter, to $1.5 million from $0.9 million in the second quarter. And our previously announced client contracts are expected to add up to $6.0 million in annualized revenue with 15% net margin, once fully onboarded, reflecting the strength of our client pipeline”
Gordon Reykdal, Chairman and Chief Executive Officer of Global Receivables Management Inc.
“GRM enters the final quarter of 2026 as a focused global receivables management platform, positioned to continue growing revenue and Adjusted EBITDA”
Edmonton, Alberta--(Newsfile Corp. - November 5, 2026) - Global Receivables Management Inc. (TSXV: GRMI) (OTCQB: GRMIF) ("GRM" or the "Company") today reported financial results for the three and nine months ended September 30, 2026. Total revenue from continuing operations increased 16% to $21.9 million for the third quarter, compared to $18.8 million in the same period of 2025. For the nine months ended September 30, 2026, total revenue from continuing operations increased 23% to $63.4 million, compared to $51.6 million in the same period of 2025, reflecting organic client growth and the contribution of the ACT Credit Management Limited ("ACT") acquisition.
Adjusted EBITDA from continuing operations improved sequentially, to $1.5 million for the third quarter of 2026 from $0.9 million for the second quarter and $0.5 million for the first quarter of 2026. On a comparable basis, after excluding $1.1 million of suspense and overpayment income recognized in the third quarter of 2025, Adjusted EBITDA was $1.5 million for the third quarter of 2026, in line with the same period of 2025, and $2.9 million for the nine months ended September 30, 2026, compared to $3.7 million for the same period of 2025. Management expects Adjusted EBITDA to continue to improve as the investment in fee-earning capacity and newly signed client mandates convert into revenue, although this is a forward-looking statement and there can be no assurance that actual results will not differ materially from this expectation.
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