Canada's Olympia Financial Q1 revenue falls

Olympia Financial

14/05/2026 23:04

Overview

Canada trust and benefits provider's Q1 revenue fell 8% yr/yr, net income rose 3%

Service revenue increased 10% mainly due to higher fees in Investment Account Services

Net income benefited from discontinued operations after sale of Olympia Currency and Global Payments

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

DISCONTINUED OPERATIONS - Net income benefited from income related to the sale of Olympia Currency and Global Payments

HIGHER SERVICE FEES - Service revenue rose mainly due to increased monthly and transaction fees in Investment Account Services

LOWER INTEREST INCOME - Trust, interest, and other income fell mainly due to a decrease in interest rates on funds held in trust

Company press release: ID:nNFCVwDSp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$22.06 mln
Q1 Net Income
C$5.58 mln
Q1 Basic EPS
C$2.32
Q1 Pretax Profit
C$4.81 mln
Q1 Service Revenue
C$11.87 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the corporate financial services peer group is "buy"

Wall Street's median 12-month price target for Olympia Financial Group Inc is C$167.49, about 36.4% above its May 14 closing price of C$122.75

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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.)