Prime Minister Health Reports 2025 First quarters results

Montréal, February 28, 2025 (Globe Newswire) – Premier Health of America Inc. (TSXV: Pha) (The “Company”), A leading Canadian HealthTech company, announces that it submitted its unchecked quarterly quarterly financial statements and MD&A for the first quarter on December 31st^st2024.

Summary

• The adjusted EBITDA for the quarter was $ 0.7 million (USD 2.6 million for the same period 2023), which is mainly due to a decline in the Quebec market.
• The net loss for the quarter was USD 2.3 million (loss of $ 0.2 million for the same period 2023), the result of a lower adjusted EBITDA and an increase in financial costs as well as depreciation and amortization.

The effects of implementing the Bill 10 from Quebec have continued to affect the Pro Diem segment in this quarter. To remember, Bill 10 leads to limited interest rates and a number of restrictions for the use of independent workers in Quebec. The services of the travel sister and the Northern Communities provide our satisfaction. Although we saw a lower volume than expected in BC, we still qualify our markets outside of Quebec as stable. The Pro Diem business is now making up around 5% of the income and gross margins.

The company continued to work on the restructuring of its Quebec operations. During the first quarter, it reduced the workforce that was assigned to the company business. Negotiations in connection with the termination of office dachine contracts and the procurement of rooms that are large enough to combine the operations of Quebec also developed in the right directions. During the second quarter, the targeted office attendants were successfully terminated and the financing for the new location was approved, subject to the usual conditions. The cost savings are on the right track with the amounts opened in the fourth quarter of 2024 and should accelerate in the upcoming quarters if the various initiatives are used.

“The cost cuts that we presented in the last quarter gradually improve the cost structure of our business. I am confident that the situation will continue to improve if we continue to use our plan in the next two quarters. Although there was a slowdown in this quarter at SSI, the bookings remain comparable to the purchase on one level, and we are working on some operational problems that had an effect on the margins in this quarter. In the short term, we remain committed to reducing costs, debt management, operational efficiency and organic growth opportunities, ”said Martin Legault, CEO of Premier Health.

Further information can be found in the quarterly completion of the company and MD & A as available on sedarplus.ca.

About the most important health

Premier Health is a leading Canadian HealthTech company that offers governments, companies and individuals a comprehensive selection of outsourced service solutions for health needs. Premier Health uses his proprietary liphe^® Platform to manage the digital transformation of the sector in healthcare and patients offer a faster, more affordable and more accessible supply.

Non-GAAP measures

Income before interest, taxes, depreciation and amortization (“EBITDA”) are calculated as a net profit (loss) before not repeating items from the exception of acquisition and transaction costs, non-cash expenditure (including loss of mediations, assets, income documents, amortization and depreciation), change of fair values, interest effort, net income and Income income and earnings costs (extraction). The adapted EBITDA excludes the stock base and unusual elements defined from time to time. The gross margin is either used as a number or as a percentage. As a number, this means income minus direct costs. If it is used as a percentage, this means the ratio of income minus direct costs for income. You can find more details in the management discussion and analysis of PHA.

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