Real Matters Inc.

Good day, and thank you for standing by. Welcome to the Q3 2026 Real Matters Earnings Conference call. 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 and 1 on your telephone. You will then hear an automated message advising your hand is raised. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Lynn Beauregard, Vice President of Investor Relations and Corporate Communications. Please go ahead.

Thank you, Operator, and good morning, everyone. Welcome to Real Matters Financial Results Conference Call for the third quarter ended June 30th, 2026. With me today are Real Matters Chief Executive Officer Brian Lang and Chief Financial Officer Rodrigo Pinto. This morning before market opened, we issued a news release announcing our results for the three and nine months ended June 30th, 2026. The release, accompanying slide presentation, as well as the financial statements and MD&A are posted in the financial section of our website at realmatters.com. During the call, we may make certain forward-looking statements which reflect the current expectations of management with respect to our business and the industry in which we operate. However, there are a number of risks, uncertainties, and other factors that could cause the results to differ materially from our expectations. Please see the slide entitled Cautionary Note regarding forward-looking information in the accompanying slide presentation for more details. You can also find additional information about these risks in the risk factors section of our annual information form for the year ended September 30th, 2025, which is available on CDAR Plus and in the financial section of our website. As a reminder, we refer to non-GAAP measures in our slide presentation, including net revenue, net revenue margins, adjusted net income or loss, adjusted net income or loss for diluted share, adjusted EBITDA and adjusted EBITDA margins. Non-GAAP measures are described in our MD&A for the three and nine months ended June 30th, 2026, where you will also find reconciliations to the nearest IFRS measures. With that, I'll turn the call over to Brian.

Thank you, Lynn. Good morning, everyone, and thank you for joining us on the call today. Our third quarter results delivered solid growth, demonstrating the strength and resilience of our business as we continue to build momentum across our segments by adding new clients and growing market share. Third quarter consolidated revenues increased 13% year-over-year to $51.5 million, and consolidated net revenue increased 15% to $13.7 million. Consolidated adjusted EBITDA more than doubled to $.7 million, up 117% year-over-year, reflecting the operating leverage in our model as volumes scale. We launched 10 new clients in the third quarter, including two channels with a new Tier 1 lender and a top 100 lender in U.S. title, as well as a top 30 lender in U.S. appraisal. In U.S. title, we are now live with three Tier 1 lenders, one of the largest U.S. mortgage servicers and holders of mortgage servicing rights, and one of the leading U.S. digital financial services platforms. These wins further position this segment as an increasingly important growth engine for the company. In U.S. appraisal, we maintained leading position on lender scorecards in the third quarter. Our revenues were up 14%, and we posted net revenue of $9.2 million, up 7% from Q3 2025, and adjusted EBITDA was relatively flat year over year. U.S. title revenues increased 70% year-over-year to $4.7 million, driven by a 127% increase in refinance origination revenues and a 56% increase in home equity revenues. Net revenue margins improved to 56.9% from 52.6% in the previous year quarter as a result of a higher proportion of refinance origination revenues in the segment. We onboarded five new title clients in the third quarter, including two channels with our third tier one lender. Overall, market share gains and higher refinance market volumes drove a 138% year-over-year increase in refinance origination volumes in the segment, which allowed us to narrow our adjusted EBITDA loss to $1.3 million in the third quarter. We have hit our stride in U.S. title, and our sales team continues to pursue opportunities to expand our client base. We're now live with three tier one lenders, one of the largest U.S. mortgage servicers and holders of mortgage servicing rights, and one of the leading U.S. digital financial service platforms. Year to date, U.S. title origination volumes increased 170% year over year, driven primarily by 11 new clients. This momentum reinforces US Title's role as an increasingly important growth engine for the company. As volumes scale through new client wins and market share gains, we expect the benefits of that scale to translate into meaningful improvements in our financial performance. Turning to Canada, net revenue margin remains strong at 19.2%, up 50 basis points year over year. and the business delivered adjusted EBITDA of $1.2 million despite a lower addressable mortgage origination market. With that, I'll hand it over to Rodrigo. Rodrigo?