CALGARY, May 3, 2016 — Solium Capital Inc. (“Solium” or the “Company”) today announced its financial
results for the first quarter ended March 31, 2016.
Financial and operating highlights for the first quarter ended March 31, 2016:

  • Revenue increased by 3% to $25.4 million in the first quarter of 2016;
  • Adjusted EBITDA1 decreased by 32% to $4.4 million in the first quarter of 2016;
  • Earnings from operations decreased by 41% to $3.1 million in the first quarter of 2016;
  • Net earnings decreased by 57% to $1.8 million in the first quarter of 2016; and
  • Cash on hand as at March 31, 2016 totaled $71.0 million.

Key factors affecting financial results for the first quarter ended March 31, 2016:

  • Organic growth in license revenue – License and subscription fees increased by $2.4 million or 16% during the first quarter of 2016 compared to the same period in 2015. Based on local currencies, the growth was 7% between the comparable quarters.
  • Transaction activity – In addition to the recurring license revenue that Solium collects for the use of its Shareworks platform, the Company also collects reoccurring transaction based revenue. Transaction based revenue decreased by $1.5 million or 17% in the first quarter of 2016 as compared to the same period in 2015. The per participant trading activity was 19% lower than the level in the first quarter of 2015 and was 9% lower than the historical five-year rolling average.

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