Overview
Canada business services provider's Q4 adjusted net income rose
Q4 originations rose yr/yr but fell from the previous quarter
Company progressing on acquisition by Warburg Pincus, expected to close in H1 2026
Outlook
ECN Capital expects acquisition by Warburg Pincus to close in first half of 2026
Result Drivers
SEGMENT CONTRIBUTIONS - Manufactured Housing Finance and Recreational Vehicle and Marine Finance segments contributed $447.9 mln and $214.5 mln to originations, respectively
MANAGED ASSETS DECLINE - Managed assets as at Dec. 31, 2025 fell to $7.3 bln from $8.2 bln in the previous quarter end
OPERATING EXPENSES INCREASE - Operating expenses rose to $35.8 mln from $31.1 mln year ago
Company press release: ID:nCNWhLY3ga
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$4.50 mln
Q4 Adjusted EBITDA
$36.20 mln
Q4 Operating Expenses
$35.80 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)