Mr. Bill Wood reports

SYLOGIST REPORTS THIRD QUARTER 2025 RESULTS

Sylogist Ltd. has released its results for the fiscal 2025 third quarter ended Sept. 30, 2025.

Highlights:

• SaaS (software-as-a-service) ARR (annual recurring revenue) up 15 per cent year over year to $33.6-million;
• Total ARR up 5 per cent year over year to $45.8-million;
• SaaS NRR (net revenue retention) of 106 per cent;
• ARR bookings of $1-million;
• Total contract value of bookings at $5.9-million;
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin of 19.3 per cent, or $3.1-million;
• Net loss of $900,000;
• Gross profit margin of 60 per cent;
• Recurring revenue at 72 per cent of total revenue.

"Our third quarter performance further validates our transformation to a SaaS-driven [software-as-a-service] enterprise," said Bill Wood, chief executive officer of Sylogist. "We are very pleased with the traction we're seeing with our partner strategy, as evidenced by 48 per cent of ARR bookings in the quarter being partner driven. In a relatively short period of time, our top-line revenue has been transformed to now be 72 per cent recurring as we hand off lower-margin, one-time project services revenue relating to customer implementations to partners and add high-margin SaaS revenue."

Sylogist's board of directors approved a dividend of one cent per share for shareholders of record on Nov. 28, 2025, to be paid on Dec. 10, 2025.

Conference call details

The company will host a conference call at 8:30 a.m. Eastern Time on Nov. 6, 2025. A replay of the call will be archived in the investor section of the company's website.

Date:  Thursday, Nov. 6, 2025

Time:  8:30 a.m. EDT

Participant toll-free dial-in number:  1-833-752-3805

Participant international dial-in number:  1-647-846-8841

Please dial in before the start of the conference to secure a line and avoid delays.

About Sylogist Ltd.

Sylogist provides mission-critical SaaS solutions to over 2,000 public-sector customers globally across the government, non-profit and education market segments. The company's stock is traded on the Toronto Stock Exchange under the symbol SYZ.

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