Information Services Corporation

Good day and thank you for standing by. Welcome to the ISC Quarter 1, 2025 Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone and then you will hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Jonathan Hackshaw, Senior Director of Investor Relations and Capital Markets. Please go ahead.

Thank you, Brianna, and good morning to everyone joining us today. Welcome to ISC's conference call for the quarter ended March 31st, 2025. On the call today are Sean Peters, President and CEO, and Bob Antichow, Chief Financial Officer. This morning, Sean will take you through some of the highlights of the quarter. Bob will then provide some comments on our financial and operating performance for the quarter before passing the call back over to Sean for some closing remarks. Before we begin, we would like to remind everyone that we will only be summarizing results today. The company's financial statements and MD&A have been filed on CDAR Plus and are available on our website. We encourage you to review those reports in their entirety. I would like to remind you that any statements made today that are not historical facts are considered to be forward-looking statements within the meaning of applicable securities laws. The statements may involve a number of risks and uncertainties that are described in detail in the company's CDAR Plus filings. Those risks and uncertainties may cause actual results to differ materially from those stated. Today's comments are made as of today's date and will not be updated except as required under applicable securities laws. Today's conference call is being broadcast live over the internet. and will be archived for replay shortly after the call on the investor section of our website. I would now like to turn the call over to Sean.

Thank you, Jonathan, and good morning to everyone joining us for today's call. I'm pleased to report that our overall performance for the first quarter of 2025 was in line with our expectations. Our registry operations, which is underpinned by the strength of the Saskatchewan Registries Division, surpassed our performance in the prior year period. The main driver was increased volumes across the Saskatchewan registries, and in particular, the Saskatchewan land titles registries, which saw both increased volumes and higher residential resale prices, demonstrating the resilience of the local economy, coupled with a high demand for residential real estate and low inventory levels in Saskatchewan's two major cities. In services, as you know, the sudden ban on nosies by the government of Ontario in June of 2024 presented an unexpected challenge. We've talked before that there's no direct replacement for the NOSI service in Ontario, but our team has been working diligently to grow organically through our other products and services. In particular, the counter-cyclical nature and higher margin attributes of our recovery solutions division continues to play a significant role in that growth. This has been further supported by regulatory solutions where fee adjustments in KYC and due diligence offerings have helped balance softer activity in our collateral management solutions business. The end result was a solid performance compared to Q1 of 2024, especially when taking the loss of the nosy business into consideration. Wrapping up with our technology solution segment, progress in this business is encouraging with respectable increases in top and bottom line metrics compared to the same quarter in 2024. Our focus remains on delivering double-digit growth from this segment, as indicated in our outlook provided at the beginning of the year. Before I turn the call over to Bob to discuss some of the financial highlights in more detail, I'd summarize the quarter as another strong performance. The diversification and resiliency of our business has proven in the past and will continue to demonstrate in the future strong results, even in more uncertain macroeconomic backdrops. By remaining focused on our operations, our customers, and our organic growth, we're confident in our ability to deliver meaningful value and strong, compelling returns. I'll now turn the call over to Bob.