Decisive Dividend Corp
XTSX:DE

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Decisive Dividend Corp Logo
Decisive Dividend Corp
XTSX:DE
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Price: 7.9 CAD -0.88% Market Closed
Market Cap: CA$159.2m

Decisive Dividend Corp
Investor Relations

Decisive Dividend Corp. engages in the acquisition of business which focuses on manufacturing sector. The company is headquartered in Kelowna, British Columbia and currently employs 84 full-time employees. The company went IPO on 2013-09-23. The firm is focused on opportunities in manufacturing. The firm's segments include finished product and component manufacturing. The finished product segment, which manufactures and sells products that are purchased and used by end customers as designed. Within the finished product segment are two separate businesses, such as Blaze King and Slimline. The component manufacturing segment, which manufactures and sells products based on specifications determined by its customers for use in its customers processes. Within the component manufacturing segment are three separate businesses, such as Unicast, Hawk and Northside. In addition, the Company has a third separate segment, Head Office, which is an investment holding and management company. Its subsidiaries include Valley Comfort Systems Inc., Unicast Inc., Slimline Manufacturing Ltd., Northside Industries Inc. and Hawk Machine Works Ltd, among others.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 12, 2026
AI Summary
Q4 2025

Revenue: Q4 2025 revenue was $42.8 million, the first quarter in company history above $40 million and up 14% versus Q4 2024.

Profitability: Q4 adjusted EBITDA was $7.3 million (consistent with Q4 2024); full-year 2025 adjusted EBITDA was $25.4 million, up 25% versus 2024.

Full year: 2025 sales were $152.2 million, up 19% versus 2024; free cash flow less maintenance CapEx improved 25% versus 2024 and the trailing 12-month dividend payout ratio fell to 79% from 96%.

Balance sheet: Leverage improved to 2.5x at year end 2025 from 3.1x at end 2024; $175 million credit facility carries a 5.2% coupon.

M&A strategy: Management plans to focus on tuck-ins within existing verticals (hearth, wear parts, merchandising, industrial) and is seeing larger $2M–$6M EBITDA targets; acquisitions bought historically at 3.5–5.5x EBITDA vs peers trading at ~8x forward EBITDA.

Operational actions: Management is investing in sales capability and facility capacity, consolidating certain facilities (Hawk, Northside) to reduce overhead and pursue more proprietary product development.

Risks & outlook: Management flagged CUSMA/ tariff risk and global uncertainty but expects higher energy and metal prices, product rollouts (notably Blaze King), and increased 2026 acquisition activity to support results and dividend sustainability.

Key Financials
Q4 revenue
$42.8 million
Q4 adjusted EBITDA
$7.3 million
Full year revenue (2025)
$152.2 million
Full year adjusted EBITDA (2025)
$25.4 million
Free cash flow less maintenance CapEx
improved 25% versus 2024
Trailing 12-month dividend payout ratio
79%
Leverage ratio
2.5x
Credit facility size
$175 million
Credit facility coupon rate
5.2%
Acquisition purchase multiple (historical EBITDA)
3.5 to 5.5x
Peer trading reference (forward EBITDA)
roughly 8x
Target acquisition EBITDA range
$2 million to $6 million of EBITDA
High-margin comparative product
HDXL product with 60% to 70% margin (sale in Q4 2024)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jeff Schellenberg
CEO & Director
No Bio Available
Mr. Richard Torriero C.A., CPA
Chief Financial Officer
No Bio Available
Mr. Gerald Terence Edwards
COO, Secretary & Director
No Bio Available
Mr. Josh Widmann C.A., CPA
AVP of Accounting
No Bio Available
Ms. Julie Wilson B.A.
Vice President of People & Culture
No Bio Available
Mr. Cooper Harrison C.A., CPA
Corporate Controller
No Bio Available
Mr. John McMillan
President of Slimline Manufacturing Ltd.
No Bio Available
Mr. Tim Stewart
President of Hawk Machine Works Ltd.
No Bio Available
Mr. Mark Watson
President of Unicast Inc
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Kelowna
201-1674 Bertram St
Contacts
+12508709146.0
decisivedividend.com
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