FirstService Corp. Reports Strong Q2 Earnings, Surpasses Expectations

In a remarkable display of financial performance, FirstService Corporation, a leading real estate service provider in Canada, has announced its second-quarter results for 2025, showcasing significant growth and profitability. The company, which operates on the Toronto Stock Exchange, reported a substantial increase in net earnings and revenue, exceeding analysts’ expectations and highlighting its robust operational strategy.

Earnings and Revenue Surge

For the second quarter of 2025, FirstService Corp. reported net earnings attributable to the company of $46.10 million, a notable increase from $35.06 million in the same period last year. This growth translated into earnings per share (EPS) of $1.01, up from $0.78 in the previous year. The company’s revenue also saw a significant boost, reaching $1.42 billion, which surpassed expectations by $20 million.

In a more detailed breakdown, FirstService’s revenues for the quarter ended June 30, 2025, were $1,415.7 million, compared to $1,297.5 million in the same quarter of 2024. This solid top-line growth was accompanied by an expansion in operating margins, driving strong profitability. The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood at $157.1 million, up from $132.5 million in the previous year.

Non-GAAP EPS Beats Estimates

FirstService’s non-GAAP EPS for the quarter was $1.71, surpassing estimates by $0.25. This performance underscores the company’s effective cost management and operational efficiency. The adjusted EPS for the six months ended June 30, 2025, was $2.63, compared to $2.03 in the same period of 2024, reflecting consistent growth.

Market Reaction and Outlook

The market has responded positively to FirstService’s strong financial results. The company’s close price on July 22, 2025, was $243.06 CAD, with a 52-week high of $278.19 CAD and a low of $220.39 CAD. With a market capitalization of $8.1 billion CAD, FirstService continues to be a significant player in the real estate sector.

Analysts had anticipated an EPS of $2.00 CAD for the quarter, which would represent an 86.92% increase from the previous year’s $1.07 CAD. The actual results exceeded these expectations, reinforcing investor confidence in the company’s growth trajectory.

Conclusion

FirstService Corporation’s second-quarter results for 2025 reflect a company that is not only growing but also efficiently managing its operations to deliver value to its shareholders. With a strong focus on residential property management and a strategic approach to expanding its service offerings, FirstService is well-positioned to continue its upward trajectory in the competitive real estate market.