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Quarterly Update

Q3 2025

Quarterly Update

A Message from the Chairman

Terry Matthews - Chairman

As we complete the third quarter of 2025, the world feels markedly different. Companies are navigating economic headwinds, geopolitical uncertainty, and a business dynamic unlike any we’ve seen before. Yet even in these challenging times, I remain optimistic. Across the Wesley Clover ecosystem, we see opportunities for growth for our companies, resilience in our founders and the enduring strength of our partnerships.

Pisano is redefining how organizations harness customer and employee feedback. Its AI-powered assistant, Leo, and unified experience platform are helping enterprises move beyond reactive surveys toward predictive, feedback-driven operations.

Demonstrating continued leadership in spectrum intelligence, thinkRF has sharpened its commercial focus and strengthened its reputation among regulators and telecom operators worldwide.

Teldio is transforming complex safety environments into coordinated, real-time operations by integrating radio, video, and location intelligence — giving teams instant visibility, faster response times, and the confidence to keep people and operations safe.

In customer engagement, Talkative is leading the shift toward Voice AI, replacing outdated IVR systems with intelligent, conversational interfaces that drive efficiency, reduce costs, and create a more human experience.

Our Alacrity Global programs continue to foster innovation worldwide. From Alacrity Canada’s administration of the CleanBC Plastics Action Fund — nominated for a BC Premier’s Award — to Alacrity UK’s healthcare AI venture, Pontiro, receiving an Innovate UK grant, positive momentum continues.

Through the Mitel/L-SPARK Accelerator, we continue to advance our strategy of pairing enterprises with startup innovation — fostering co-innovation that accelerates the commercialization of next-generation communication technologies and strengthens technology leadership.

Meanwhile, our hospitality and real estate businesses — including Brookstreet, KRP Properties, and the Celtic Collection — continue to deliver exceptional service and community impact. Under the leadership of Julie Hammond (featured in our People Spotlight), the Celtic Collection has earned significant recognition this year, with Celtic Manor Resort, St. Brides Spa Hotel, and the International Conference Centre Wales receiving multiple national awards for excellence in hospitality, service, and events. These achievements reaffirm their world-class standing and reflect the dedication of their teams in supporting regional business and tourism.

In challenging times, focus, adaptability and strong partnerships remain our greatest advantages. Thank you for your ongoing support.

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