Canada's Olympia Financial Q2 revenue falls, net income down

Olympia Financial (Pre-Reincorporation)

13/08/2026 01:40

Overview
Canada trust services provider's Q2 revenue fell 10% yr/yr, net income dropped 37%
Service revenue rose 4%, but trust and interest income declined 21% due to lower rates
Basic EPS for Q2 decreased 37% yr/yr

Outlook
Company did not provide specific guidance for the current or future periods

Result Drivers
LOWER INTEREST RATES - Co said decline in trust, interest, and other income was mainly due to a decrease in interest rates on funds held in trust
HIGHER FEES - Service revenue increased mainly due to an increase in monthly and transaction fees

Company press release: ID:nNFC94T1J0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$43.49 mln
 
Q2 Net Income
 
C$7.06 mln
 
Q2 Basic EPS
 
C$2.93
 
Q2 Pretax Profit
 
C$9.70 mln
 
Q2 Service Revenue
 
C$23.26 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 (Pre-Reincorporation) is C$158.24, about 53.3% above its August 12 closing price of C$103.25
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Aug 12 - Canada's Sagicor Q2 swings to profit on improved equity markets
Aug 11 - Canada's Helios Fairfax Q2 net profit rises, book value grows
Aug 11 - Chicago Atlantic Q2 net interest income, earnings fall yr/yr

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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.)