Alithya Group Implements Share Buyback Program To Enhance Shareholder Value

Alithya Announces Normal Course Issuer Bid

Alithya Group Inc. (TSX: ALYA), recognized as a frontrunner in strategy and digital transformation, has recently disclosed its intention to unveil a normal course issuer bid (NCIB) program. This announcement comes following the acceptance of the company’s notice by the Toronto Stock Exchange (TSX).

The initiation of this share buyback initiative is designed to reflect Alithya’s ongoing dedication to enhance shareholder value through a well-rounded capital allocation strategy. By repurchasing its own shares, the company aims to bolster its balance sheet, optimize capital deployment, and facilitate investments aimed at growth while concurrently focusing on debt reduction. This approach is expected to yield sustainable, long-term value for shareholders.

Paul Raymond, the CEO of Alithya, articulated the motivation behind this program: “We are introducing this share buyback program because we believe that, at times, the market price of Alithya’s Class A subordinate voting shares does not accurately reflect the intrinsic value of the company and its future growth prospects. Our focus remains on executing a long-term strategy that emphasizes profitable growth and the creation of lasting value.”

Key Details of the NCIB

Under the NCIB, Alithya is authorized to purchase up to 5,939,183 Class A Shares, which accounts for 10% of the company’s public float. This is based on a total of 92,653,272 issued and outstanding Class A Shares as recorded at the close of the markets on September 2, 2025. The policy stipulates that on any trading day, purchases will not exceed 14,545 shares, calculated as 25% of the average daily trading volume on the TSX over the six months ending August 31, 2025.

All shares procured under the NCIB will be canceled. Notably, Alithya has not repurchased any Class A Shares over the past twelve months, marking a new strategic course as it embarks on this buyback initiative.

The program is set to commence on September 12, 2025, and will continue until September 11, 2026, or until the maximum allowable number of purchases have been made, whichever comes first. All acquisitions will occur via open market transactions through the TSX or alternative Canadian trading systems.

Automatic Share Purchase Plan

To streamline the execution of this program, the company plans to engage in an automatic share purchase plan (ASPP) with a designated broker, allowing for share purchases to be made during periods when Alithya might be restricted from buying its own shares due to regulations or self-imposed blackout periods.

Looking Ahead

Management’s discretion will guide the timing and number of shares purchased under the NCIB, influenced by numerous factors including market conditions. Alithya’s management underscores the significance of this move as part of a broader commitment to delivering value to shareholders and ensuring optimal capital management.

About Alithya

Alithya is a trusted advisor leveraging AI and advanced technologies in its strategic consulting and digital transformation services. The company addresses business challenges and opens new avenues for clients through modernization of processes and efficiency improvements. With a strong foundation of industry experts and innovative digital solutions, Alithya is dedicated to making a positive impact in the sectors it serves.

This development marks a pivotal moment for Alithya as it continues its mission to translate strategic vision into tangible value for its shareholders and the broader business ecosystem.