Colliers International Group (NASDAQ:CIGI) reported double-digit growth in its 2025 fiscal year and moved to significantly expand its footprint in the high-margin engineering sector, announcing a $700 million (USD) deal to acquire Spain-based Ayesa Engineering.
The Toronto-based firm posted full-year revenue of $5.56 billion, a 15% increase over 2024.
Adjusted EBITDA rose 14% to $732.5 million, while adjusted earnings per share climbed to $6.58.
The fourth quarter remained robust despite a cooling broader real estate market, with revenues reaching $1.61 billion—a 7% year-over-year increase—and adjusted EPS hitting $2.34.
The results highlight Colliers’ successful pivot away from purely transactional brokerage fees.
Recurring revenues now account for more than 70% of the company's earnings, driven by its property management, outsourcing, and rapidly expanding engineering platforms.
Free cash flow conversion also remained a standout metric, finishing the year at 105% of adjusted net earnings.
The center of gravity for the company continues to shift toward its Engineering segment, which saw a 40% surge in full-year revenue.
To accelerate this momentum, Colliers signed a definitive agreement to acquire Ayesa Engineering for approximately $700 million (USD) in cash.