ECN Capital Achieves US$0.03 Adjusted Net Income in Q1-2025
ECN Capital Reports Strong Financial Growth in Q1-2025
ECN Capital Corp. (TSX: ECN) has shared impressive financial outcomes for the first quarter of the year, reflecting resilience and robust performance in a fluctuating market.
Solid Adjusted Net Income Figures
For the three months ending March 31, 2025, ECN Capital reported an adjusted net income of $7.2 million or $0.03 per share, up from $4.4 million or $0.02 per share in the previous quarter and a loss of $0.3 million in the same timeframe last year. This upward trend demonstrates the company's ability to navigate market challenges effectively.
Key Operational Metrics
Originations in Q1-2025 amounted to $538.2 million, a slight decrease from $547.6 million in the previous quarter but an increase from $468.4 million year-over-year. This figure includes $332.8 million from their Manufactured Housing Finance segment and $205.4 million from Recreational Vehicle and Marine Finance segment, highlighting the diverse portfolio of financing solutions offered by ECN Capital.
Engagement with Partners
As of March 31, 2025, the company managed assets totaling $7.2 billion compared to $6.9 billion in the previous quarter, showcasing substantial growth from $5.2 billion in the same quarter the previous year. This reflects ECN Capital's strong positioning within the financial ecosystem, providing essential services to a variety of partners.
Maintaining Efficient Operations
The company's adjusted EBITDA for the quarter reached $25.5 million, compared to $24.1 million the previous quarter. Furthermore, operating expenses were successfully reduced to $29.4 million from $31.2 million, underscoring ECN Capital's commitment to efficient operations and cost management.
Recent Dividends Announced
In a move to reward shareholders, ECN Capital’s Board of Directors declared a quarterly dividend of C$0.01 per outstanding common share, to be distributed on June 30, 2025. Additionally, they announced a quarterly dividend for Cumulative 5-Year Rate Reset Preferred Shares, Series C (TSX: ECN.PR.C) at C$0.4960625 and a semi-annual dividend of C$0.0603 for Mandatory Convertible Preferred Shares, Series E.
Webcast Briefing
The company is set to host an analyst briefing detailing these results on June 30, 2025, further engaging with stakeholders regarding operational details and future initiatives.
For those unable to participate live, a telephone replay will be available until June 8, 2025. Interested individuals can dial in using the provided numbers to catch up on the details discussed.
Understanding Non-IFRS Measures
ECN Capital indicates that they utilize certain Non-IFRS measures to provide a clearer picture of the company's economic performance. These metrics, such as adjusted EBITDA and managed assets, help investors assess core operating performance without the influence of atypical events or variables.
About ECN Capital Corp
With a remarkable portfolio of managed assets amounting to US$7.2 billion, ECN Capital is a pivotal player among North American institutional investor partners. They specialize in originating and managing consumer loans, specifically in manufactured housing and recreational vehicles, along with commercial floorplan and rental loans. By continuously delivering high-quality assets, they've positioned themselves as trusted partners within the financial services sector.
Contact Details
For further inquiries about ECN Capital, you can reach out to Katherine Moradiellos at 561-631-8739 or via email at kmoradiellos@ecncapitalcorp.com.
Frequently Asked Questions
What is ECN Capital's adjusted net income for Q1-2025?
ECN Capital reported an adjusted net income of $7.2 million or $0.03 per share for the first quarter of 2025.
How much were the originations for ECN Capital in Q1-2025?
The company reported total originations of $538.2 million for the quarter ending March 31, 2025.
What is the dividend declared by ECN Capital for common shares?
ECN Capital has declared a quarterly dividend of C$0.01 per outstanding common share, payable on June 30, 2025.
What are the total managed assets of ECN Capital as of March 31, 2025?
As of March 31, 2025, ECN Capital managed assets totaling $7.2 billion.
Who can I contact for more information on ECN Capital?
For inquiries, you can contact Katherine Moradiellos at 561-631-8739 or email kmoradiellos@ecncapitalcorp.com.
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