Colliers International Group Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Total Revenue | 1.6B | 1.5B | 1.3B | 1.1B | 1.5B | 1.2B | -- |
| Operating Revenue | 1.6B | 1.4B | 1.3B | 1.1B | 2.2B | 1.1B | -- |
| Cost Of Revenue | 957.4M | 888.5M | 798.1M | 688.5M | 894.6M | 712.0M | -- |
| Gross Profit | 649.2M | 574.6M | 549.6M | 452.7M | 607.0M | 467.0M | -- |
| Selling General And Administration | 441.3M | 406.3M | 372.7M | 348.3M | 414.0M | 322.1M | -- |
| Depreciation And Amortization In Income Statement | 66.5M | 64.4M | 61.7M | 63.4M | 65.2M | 56.1M | -- |
| Operating Expense | 507.8M | 470.7M | 434.3M | 411.7M | 479.2M | 378.2M | -- |
| Operating Income | 141.4M | 103.9M | 115.2M | 41.0M | 127.8M | 88.8M | -- |
| EBIT | 139.2M | 107.0M | 104.7M | 36.2M | 123.4M | 113.9M | -- |
| Interest Expense | 21.6M | 22.7M | 15.5M | 22.5M | 23.2M | 23.4M | -- |
| Interest Expense Non Operating | 21.6M | 22.7M | 15.5M | 22.5M | 23.2M | 23.4M | -- |
| Net Interest Income | -21.6M | -22.7M | -15.5M | -22.5M | -23.2M | -23.4M | -- |
| Other Income Expense | -2.1M | 3.0M | -10.5M | -4.8M | -4.4M | 25.1M | -- |
| Other Non Operating Income Expenses | 456,000 | 136,000 | 2.2M | 840,000 | -54,000 | 113,000 | -- |
| Special Income Charges | -5.9M | 744,000 | -16.1M | -9.4M | -6.4M | 20.9M | -- |
| Restructuring And Mergern Acquisition | 5.6M | -1.1M | 16.1M | 9.4M | 6.4M | -20.9M | -- |
| Earnings From Equity Interest | 3.3M | 2.1M | 3.3M | 3.7M | 2.0M | 4.0M | -- |
| Pretax Income | 117.6M | 84.3M | 89.2M | 13.6M | 100.2M | 90.5M | -- |
| Tax Provision | 31.1M | 19.1M | 25.2M | 4.7M | 18.7M | 21.1M | -- |
| Tax Effect Of Unusual Items | -1.6M | 168,838 | -4.5M | -3.2M | -1.2M | 4.9M | -- |
| Net Income From Continuing And Discontinued Operation | 61.1M | 42.2M | 4.0M | -4.3M | 75.1M | 37.2M | -- |
| Net Income From Continuing Operation Net Minority Interest | 61.1M | 42.2M | 4.0M | -4.3M | 75.1M | 37.2M | -- |
| Net Income Including Noncontrolling Interests | 86.5M | 65.1M | 64.0M | 8.9M | 81.5M | 69.4M | -- |
| Minority Interests | -25.4M | -22.9M | -60.0M | -13.2M | -6.4M | -32.1M | -- |
| Net Income Common Stockholders | 61.1M | 42.2M | 4.0M | -4.3M | 75.1M | 37.2M | -- |
| Net Income | 61.1M | 42.2M | 4.0M | -4.3M | 75.1M | 37.2M | -- |
| EBITDA | 205.7M | 171.4M | 166.4M | 99.6M | 188.6M | 169.9M | -- |
| Normalized EBITDA | 211.6M | 170.6M | 182.5M | 109.0M | 195.0M | 149.0M | -- |
| Reconciled Depreciation | 66.5M | 64.4M | 61.7M | 63.4M | 65.2M | 56.1M | -- |
| Basic EPS | 1.20 | -- | 0.08 | -0.08 | 1.49 | 0.74 | -- |
| Diluted EPS | 1.19 | -- | 0.08 | -0.08 | 1.47 | 0.73 | -- |
| Basic Average Shares | 51.0M | -- | 50.7M | 50.6M | 50.5M | 50.3M | -- |
| Diluted Average Shares | 51.3M | -- | 50.9M | 50.6M | 51.0M | 50.8M | -- |
| Total Unusual Items | -5.9M | 744,000 | -16.1M | -9.4M | -6.4M | 20.9M | -- |
| Total Unusual Items Excluding Goodwill | -5.9M | 744,000 | -16.1M | -9.4M | -6.4M | 20.9M | -- |
| Tax Rate For Calcs | 0.26 | 0.23 | 0.28 | 0.35 | 0.19 | 0.23 | -- |
| Normalized Income | 65.4M | 41.7M | 15.5M | 1.9M | 80.3M | 21.2M | -- |
| Amortization | 46.1M | 44.8M | 43.0M | 44.8M | 47.7M | 38.2M | -- |
| Amortization Of Intangibles Income Statement | 46.1M | 44.8M | 43.0M | 44.8M | 47.7M | 38.2M | -- |
| Average Dilution Earnings | -- | -- | -- | -- | -- | -- | 0.00 |
| Depreciation Amortization Depletion Income Statement | 66.5M | 64.4M | 61.7M | 63.4M | 65.2M | 56.1M | -- |
| Depreciation Income Statement | 20.4M | 19.6M | 18.7M | 18.6M | 17.5M | 17.8M | -- |
| Diluted NI Availto Com Stockholders | 61.1M | 42.2M | 4.0M | -4.3M | 75.1M | 37.2M | -- |
| Gain On Sale Of Business | -290,000 | -406,000 | -- | -- | 0.00 | 0.00 | 0.00 |
| Net Income Continuous Operations | 86.5M | 65.1M | 64.0M | 8.9M | 81.5M | 69.4M | -- |
| Net Non Operating Interest Income Expense | -21.6M | -22.7M | -15.5M | -22.5M | -23.2M | -23.4M | -- |
| Reconciled Cost Of Revenue | 957.4M | 888.5M | 798.1M | 688.5M | 894.6M | 712.0M | -- |
| Total Expenses | 1.5B | 1.4B | 1.2B | 1.1B | 1.4B | 1.1B | -- |
| Total Operating Income As Reported | 135.5M | 104.7M | 99.2M | 31.6M | 121.4M | 109.7M | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 207.9M | 212.5M | 183.3M | 186.3M | 176.3M | 157.0M | -- |
| Cash Cash Equivalents And Short Term Investments | 262.8M | 212.5M | 183.3M | 186.3M | 224.8M | 157.0M | -- |
| Other Short Term Investments | 54.9M | -- | -- | -- | 48.6M | -- | -- |
| Accounts Receivable | 829.3M | 786.0M | 778.6M | 673.4M | 735.5M | 694.5M | -- |
| Receivables | 1.2B | 1.2B | 1.1B | 929.6M | 998.3M | 1.1B | -- |
| Prepaid Assets | 110.8M | -- | -- | -- | 90.5M | -- | -- |
| Other Current Assets | 57.4M | 424.3M | 427.7M | 417.0M | 112.7M | 432.6M | -- |
| Current Assets | 1.8B | 1.9B | 1.7B | 1.6B | 1.6B | 1.7B | -- |
| Gross PPE | 1.1B | 648.7M | 647.5M | 631.1M | 980.6M | 624.9M | -- |
| Accumulated Depreciation | -415.6M | -- | -- | -- | -354.8M | -- | -- |
| Net PPE | 694.9M | 648.7M | 647.5M | 631.1M | 625.8M | 624.9M | -- |
| Goodwill | 2.6B | 2.6B | 2.4B | 2.3B | 2.3B | 2.3B | -- |
| Goodwill And Other Intangible Assets | 3.9B | 3.9B | 3.6B | 3.5B | 3.5B | 3.5B | -- |
| Other Intangible Assets | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | -- |
| Investments And Advances | 74.3M | -- | -- | -- | 62.2M | -- | -- |
| Long Term Equity Investment | 67.3M | -- | -- | -- | 54.3M | -- | -- |
| Other Non Current Assets | 78.7M | 288.4M | 383.0M | 294.1M | 99.8M | 236.2M | -- |
| Total Non Current Assets | 5.0B | 4.9B | 4.7B | 4.5B | 4.5B | 4.5B | -- |
| Total Assets | 6.8B | 6.8B | 6.5B | 6.1B | 6.1B | 6.2B | -- |
| Current Debt | 141.4M | 185.3M | 113.9M | 90.6M | 78.7M | 144.6M | -- |
| Current Debt And Capital Lease Obligation | 241.1M | 286.7M | 212.6M | 192.7M | 171.7M | 237.3M | -- |
| Accounts Payable | 510.6M | 506.9M | 511.6M | 467.6M | 494.6M | 524.0M | -- |
| Payables | 530.4M | 524.4M | 529.8M | 481.2M | 509.9M | 542.2M | -- |
| Payables And Accrued Expenses | 530.4M | 524.4M | 529.8M | 481.2M | 509.9M | 542.2M | -- |
| Current Deferred Revenue | 80.3M | 84.7M | 75.7M | 68.4M | 63.5M | 66.0M | -- |
| Other Current Liabilities | 46.5M | 96.1M | 87.8M | 111.8M | 117.0M | 85.8M | -- |
| Current Liabilities | 1.7B | 1.6B | 1.5B | 1.4B | 1.5B | 1.5B | -- |
| Long Term Debt | 1.6B | 1.8B | 1.7B | 1.7B | 1.5B | 1.8B | -- |
| Long Term Debt And Capital Lease Obligation | 2.0B | 2.2B | 2.1B | 2.0B | 1.9B | 2.2B | -- |
| Long Term Capital Lease Obligation | 419.2M | 384.2M | 385.9M | 379.2M | 383.9M | 379.5M | -- |
| Other Non Current Liabilities | 178.6M | 143.5M | 258.6M | 151.9M | 149.6M | 131.4M | -- |
| Total Non Current Liabilities Net Minority Interest | 2.3B | 2.4B | 2.4B | 2.3B | 2.1B | 2.4B | -- |
| Total Liabilities Net Minority Interest | 4.0B | 4.1B | 3.9B | 3.6B | 3.6B | 3.9B | -- |
| Common Stock | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | -- |
| Capital Stock | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | -- |
| Additional Paid In Capital | 173.7M | 162.2M | 159.5M | 148.2M | 140.5M | 128.7M | -- |
| Retained Earnings | -98.5M | -151.9M | -194.1M | -190.5M | -186.3M | -253.8M | -- |
| Gains Losses Not Affecting Retained Earnings | -73.5M | -79.5M | -74.0M | -90.5M | -101.5M | -72.6M | -- |
| Other Equity Adjustments | -73.5M | -79.5M | -74.0M | -90.5M | -101.5M | -72.6M | -- |
| Common Stock Equity | 1.5B | 1.4B | 1.4B | 1.3B | 1.3B | 1.3B | -- |
| Stockholders Equity | 1.5B | 1.4B | 1.4B | 1.3B | 1.3B | 1.3B | -- |
| Total Equity Gross Minority Interest | 2.8B | 2.7B | 2.5B | 2.5B | 2.5B | 2.4B | -- |
| Minority Interest | 1.3B | 1.3B | 1.2B | 1.2B | 1.2B | 1.1B | -- |
| Total Capitalization | 3.2B | 3.3B | 3.1B | 3.0B | 2.8B | 3.0B | -- |
| Net Tangible Assets | -2.3B | -2.4B | -2.2B | -2.1B | -2.2B | -2.3B | -- |
| Tangible Book Value | -2.3B | -2.4B | -2.2B | -2.1B | -2.2B | -2.3B | -- |
| Working Capital | 167.0M | 229.3M | 255.9M | 236.2M | 91.3M | 250.8M | -- |
| Invested Capital | 3.3B | 3.5B | 3.2B | 3.1B | 2.9B | 3.2B | -- |
| Total Debt | 2.3B | 2.5B | 2.3B | 2.2B | 2.1B | 2.4B | -- |
| Net Debt | 1.6B | 1.8B | 1.7B | 1.6B | 1.4B | 1.8B | -- |
| Share Issued | 51.1M | 50.9M | 50.8M | 50.6M | 50.6M | 50.4M | -- |
| Ordinary Shares Number | 51.1M | 50.9M | 50.8M | 50.6M | 50.6M | 50.4M | -- |
| Allowance For Doubtful Accounts Receivable | -40.9M | -36.4M | -34.9M | -32.7M | -34.9M | -31.0M | -- |
| Assets Held For Sale Current | -- | -- | -- | -- | 110.8M | -- | 49.3M |
| Available For Sale Securities | 7.1M | -- | -- | -- | 7.9M | -- | -- |
| Buildings And Improvements | 2.9M | -- | -- | -- | 2.7M | -- | -- |
| Capital Lease Obligations | 518.9M | 485.6M | 484.5M | 481.3M | 476.9M | 472.2M | -- |
| Current Capital Lease Obligation | 99.7M | 101.4M | 98.7M | 102.1M | 93.0M | 92.7M | -- |
| Current Deferred Assets | 122.0M | -- | -- | -- | 126.1M | -- | -- |
| Current Deferred Liabilities | 80.3M | 84.7M | 75.7M | 68.4M | 63.5M | 66.0M | -- |
| Financial Assets | 1.1M | -- | -- | -- | 7.5M | -- | -- |
| Gross Accounts Receivable | 870.2M | 822.4M | 813.5M | 706.1M | 770.4M | 725.6M | -- |
| Hedging Assets Current | 8.1M | -- | -- | -- | 5.3M | -- | -- |
| Held To Maturity Securities | -- | -- | -- | -- | 0.00 | -- | -- |
| Income Tax Payable | 19.8M | 17.5M | 18.2M | 13.6M | 15.3M | 18.2M | -- |
| Investmentin Financial Assets | 7.1M | -- | -- | -- | 7.9M | -- | -- |
| Leases | 220.8M | -- | -- | -- | 189.1M | -- | -- |
| Liabilities Heldfor Sale Non Current | -- | -- | -- | -- | 14.1M | -- | -- |
| Line Of Credit | 133.3M | 177.5M | 97.1M | 81.2M | 72.6M | 128.9M | -- |
| Loans Receivable | 188.6M | 186.9M | 104.6M | 88.0M | 115.2M | 135.9M | -- |
| Machinery Furniture Equipment | 443.4M | -- | -- | -- | 390.4M | -- | -- |
| Non Current Accounts Receivable | 36.0M | 34.1M | 36.1M | 34.3M | 34.0M | 36.3M | -- |
| Non Current Deferred Assets | 98.2M | 91.3M | 94.8M | 82.4M | 85.1M | 69.8M | -- |
| Non Current Deferred Liabilities | 91.0M | 82.9M | 78.9M | 74.0M | 78.5M | 82.4M | -- |
| Non Current Deferred Taxes Assets | 93.9M | 91.3M | 94.8M | 82.4M | 79.3M | 69.8M | -- |
| Non Current Deferred Taxes Liabilities | 91.0M | 82.9M | 78.9M | 74.0M | 78.5M | 82.4M | -- |
| Non Current Note Receivables | 128.4M | -- | -- | -- | 105.4M | -- | -- |
| Other Current Borrowings | 8.1M | 7.9M | 16.8M | 9.4M | 6.1M | 15.7M | -- |
| Other Properties | 443.4M | 648.7M | 647.5M | 631.1M | 398.5M | 624.9M | -- |
| Other Receivables | 161.0M | 183.9M | 158.3M | 150.4M | 134.4M | 190.5M | -- |
| Pensionand Other Post Retirement Benefit Plans Current | 756.5M | 651.2M | 564.1M | 497.7M | 646.0M | 548.5M | -- |
| Properties | 0.00 | -- | -- | -- | 0.00 | -- | -- |
| Restricted Cash | 49.0M | 45.7M | 51.1M | 54.9M | 41.7M | 88.3M | -- |
| Taxes Receivable | 32.9M | 33.3M | 22.4M | 17.8M | 13.2M | 31.7M | -- |
| Total Tax Payable | 19.8M | 17.5M | 18.2M | 13.6M | 15.3M | 18.2M | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 256.7M | 113.4M | 44.6M | -84.5M | 215.3M | 107.1M | -- |
| Cash Flow From Continuing Operating Activities | 256.7M | 113.4M | 44.6M | -84.5M | 215.3M | 107.1M | -- |
| Depreciation And Amortization | 66.5M | 64.4M | 61.7M | 63.4M | 65.2M | 56.1M | -- |
| Depreciation Amortization Depletion | 66.5M | 64.4M | 61.7M | 63.4M | 65.2M | 56.1M | -- |
| Stock Based Compensation | 21.6M | 18.3M | 9.2M | 6.7M | 25.1M | 6.8M | -- |
| Deferred Tax | 3.1M | -4.6M | -5.4M | -9.2M | -16.6M | -6.5M | -- |
| Deferred Income Tax | 3.1M | -4.6M | -5.4M | -9.2M | -16.6M | -6.5M | -- |
| Change In Working Capital | 28.4M | 63.9M | -61.1M | -152.0M | -12.5M | 5.7M | -- |
| Changes In Account Receivables | -49.0M | -53.1M | -140.0M | 30.3M | -45.7M | -69.9M | -- |
| Change In Receivables | -49.0M | -53.1M | -140.0M | 30.3M | -45.7M | -69.9M | -- |
| Change In Payables And Accrued Expense | 121.7M | 36.7M | 63.0M | -190.9M | 89.6M | 79.6M | -- |
| Change In Payable | 14.2M | -31.9M | 11.5M | -38.4M | -22.1M | 41.0M | -- |
| Change In Other Working Capital | -- | -- | -- | -152.5M | -- | 38.6M | 59.9M |
| Change In Other Current Liabilities | -44.2M | 80.4M | 15.9M | 8.6M | -56.3M | -3.9M | -- |
| Other Non Cash Items | 54.2M | -92.0M | -20.5M | 1.5M | 74.7M | -20.3M | -- |
| Capital Expenditure | -30.8M | -16.8M | -16.4M | -14.7M | -19.6M | -16.2M | -- |
| Purchase Of PPE | -30.8M | -16.8M | -16.4M | -14.7M | -19.6M | -16.2M | -- |
| Net PPE Purchase And Sale | -30.8M | -16.8M | -16.4M | -14.7M | -19.6M | -16.2M | -- |
| Purchase Of Business | -44.2M | -170.5M | -51.8M | -11.2M | -65.3M | -455.2M | -- |
| Investing Cash Flow | -21.6M | -201.6M | -101.6M | -9.8M | -68.8M | -497.0M | -- |
| Cash Flow From Continuing Investing Activities | -21.6M | -201.6M | -101.6M | -9.8M | -68.8M | -497.0M | -- |
| Issuance Of Debt | 134.6M | 362.2M | 422.2M | 398.7M | 598.1M | 700.0M | -- |
| Repayment Of Debt | -347.7M | -224.2M | -303.3M | -256.8M | -796.2M | -281.8M | -- |
| Net Issuance Payments Of Debt | -213.1M | 137.9M | 118.9M | 141.9M | -198.1M | 418.2M | -- |
| Issuance Of Capital Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Common Stock Issuance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Common Stock Dividend Paid | 0.00 | -7.6M | 0.00 | -7.6M | 0.00 | -7.5M | -- |
| Financing Cash Flow | -219.7M | 110.7M | 63.7M | 119.4M | -183.7M | 396.1M | -- |
| Cash Flow From Continuing Financing Activities | -219.7M | 110.7M | 63.7M | 119.4M | -183.7M | 396.1M | -- |
| Effect Of Exchange Rate Changes | -16.6M | 1.3M | -13.5M | -1.8M | 9.9M | -1.7M | -- |
| Changes In Cash | 15.4M | 22.4M | 6.7M | 25.1M | -37.2M | 6.2M | -- |
| Beginning Cash Position | 258.1M | 234.4M | 241.3M | 218.0M | 245.3M | 240.7M | -- |
| End Cash Position | 256.9M | 258.1M | 234.4M | 241.3M | 218.0M | 245.3M | -- |
| Free Cash Flow | 225.8M | 96.6M | 28.1M | -99.1M | 195.7M | 91.0M | -- |
| Amortization Cash Flow | 46.1M | 44.8M | 43.0M | 44.8M | 47.7M | 38.2M | -- |
| Amortization Of Intangibles | 46.1M | 44.8M | 43.0M | 44.8M | 47.7M | 38.2M | -- |
| Cash Dividends Paid | 0.00 | -7.6M | 0.00 | -7.6M | 0.00 | -7.5M | -- |
| Change In Account Payable | 14.2M | -31.9M | 11.5M | -38.4M | -22.1M | 41.0M | -- |
| Change In Accrued Expense | 107.4M | 68.6M | 51.5M | -152.5M | 111.6M | 38.6M | -- |
| Common Stock Issuance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Depreciation | 20.4M | 19.6M | 18.7M | 18.6M | 17.5M | 17.8M | -- |
| Earnings Losses From Equity Investments | -3.3M | -2.1M | -3.3M | -3.7M | -2.0M | -4.0M | -- |
| Gain Loss On Sale Of Business | -- | 406,000 | -- | -- | 0.00 | 0.00 | 0.00 |
| Long Term Debt Issuance | 134.6M | 362.2M | 422.2M | 398.7M | 598.1M | 700.0M | -- |
| Long Term Debt Payments | -347.7M | -224.2M | -303.3M | -256.8M | -796.2M | -281.8M | -- |
| Net Business Purchase And Sale | -44.2M | -170.5M | -51.8M | -11.2M | -65.3M | -455.2M | -- |
| Net Income From Continuing Operations | 86.5M | 65.1M | 64.0M | 8.9M | 81.5M | 69.4M | -- |
| Net Investment Properties Purchase And Sale | -- | -40.1M | -- | -- | -- | -15.7M | -- |
| Net Long Term Debt Issuance | -213.1M | 137.9M | 118.9M | 141.9M | -198.1M | 418.2M | -- |
| Net Other Financing Charges | -21.3M | -33.3M | -70.2M | -16.1M | -2.2M | -25.7M | -- |
| Net Other Investing Changes | -108.4M | 25.8M | -33.3M | 16.0M | -180.4M | -10.0M | -- |
| Operating Gains Losses | -3.7M | -1.7M | -3.3M | -3.7M | -2.0M | -4.0M | -- |
| Proceeds From Stock Option Exercised | 14.7M | 13.7M | 15.0M | 1.1M | 16.6M | 11.1M | -- |
| Purchase Of Investment Properties | -- | -40.1M | -- | -- | -- | -15.7M | -- |
| Sale Of Investment Properties | -- | -- | -- | -- | -- | 0.00 | -- |