Record Arculus Performance
Arculus delivered a net positive contribution and record results for the quarter, with new vertical industry wins including MetaMask and MoneyGram.
Strong International Sales Growth
International net sales increased by 28% compared to the prior year.
Positive Adjusted Net Income Growth
Adjusted net income increased 21% to $28.4 million.
Strong Program Activity
Several high-profile customer wins including Citibank, Robinhood, Karta, Koho, WealthSimple, and Scotia Bank.
Low Debt Leverage
Bank senior secured debt leverage ratio was 1.05 times at March 31, 2025, compared to 1.34 times at March 31, 2024.