Reschedules its earnings call for 5:30 p.m. (ET) on November 13, 2025
TORONTO, Nov. 13, 2025 /CNW/ - ECN Capital Corp. (TSX:ECN) ("ECN Capital" or the "Company") today reported financial results for the three-month period ended September 30, 2025.
For the three-month period ended September 30, 2025, ECN Capital reported Adjusted net income applicable to common shareholders of $16.7 million or $0.06 per share (basic) versus $10.0 million or $0.04 per share (basic) for the previous three-month period and $13.0 million or $0.05 per share (basic) for the prior year comparable period.
"Q3 was a strong quarter with Adjusted EPS of $0.06 in line with consensus", said Steven Hudson, CEO of ECN Capital Corp. "Sales upgrades have commenced across Manufactured Housing and RV and Marine and are bearing fruit."
Originations for the three-month period ended September 30, 2025 were $826.8 million, versus $804.1 million in the previous three-month period and $625.7 million for the prior year comparable period. Originations for the three-month period ended September 30, 2025 include $466.4 million of originations from our Manufactured Housing Finance segment and $360.4 million of originations from our Recreational Vehicle and Marine Finance segment.
Managed Assets as at September 30, 2025 were $8.2 billion versus $7.6 billion as at June 30, 2025 and $6.7 billion as at September 30, 2024.
Adjusted EBITDA for the three-month period ended September 30, 2025 was $40.6 million versus $31.5 million for the previous three-month period and $36.1 million for the prior year comparable period.
Operating Expenses for the three-month period ended September 30, 2025 were $34.0 million versus $30.7 million for the previous three-month period and $30.3 million for the prior year comparable period.
Net income attributable to common shareholders for the three-month period ended September 30, 2025 was $11.2 million versus net loss of ($0.3) million for the previous three-month period and net income of $6.8 million for the prior year comparable period.
Dividends Declared
The Company's Board of Directors has authorized and declared a quarterly dividend of C$0.01 per outstanding common share to be paid on December 31, 2025, to shareholders of record at the close of business on December 12, 2025. These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).
The Company's Board of Directors has authorized and declared a quarterly dividend of C$0.4960625 per outstanding Cumulative ...
