Earnings Deep Dive: Lumine Group Surges on Acquisition-Driven Growth in Q4

Q4 Revenue +31%, Operating Income +65%, Cash Flows Double — But Organic Drag Remains

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Lumine Group Surges on Acquisition-Driven Growth in Q4

Lumine Group Inc. (TSXV: LMN), a serial acquirer of communications and media software businesses, posted strong Q4 and full-year 2024 results, fueled by continued M&A momentum. Total revenue rose 31% in Q4 and 34% for the year, primarily on the back of acquisitions. However, organic growth remained negative, and free cash flow declined slightly for the full year — signaling a mixed picture beneath headline expansion.