Aimia (AIM.TO) on Wednesday reported a decrease in headline earnings per share and revenue in the first quarter.
For the three months ended March 31, 2026, the company reported net earnings of $3.8 million compared with $0.4 million, a year earlier. Headline earnings per share was $0.02 in Q1 compared with $0.55, in the prior-year period.
Revenue for the quarter decreased to $32.7 million compared with $40.7 million, a year-ago.
"Our progress in the first quarter was largely marked by the signing of a definitive agreement to sell Bozzetto despite the emergence of a number of macroeconomic headwinds," said Aimia Executive Chairman Rhys Summerton. "With regulatory approvals for the transaction now in hand, we anticipate closing the sale before the end of May 2026."
The company also determined that Bozzetto met the criteria to be classified as discontinued operations, given the progress on the transaction to divest Aimia's specialty chemicals company. Its performance and contributions are excluded from Q1 2026 results and the comparative period for last year with the exception of net earnings, earnings (loss) per share and headline earnings (loss) per share, it said.
Shares of the company closed down 0.7% to $2.67 on Tuesday on the Toronto Stock Exchange.