ECN Capital Reports US$0.04 in Adjusted Net Income per Common Share in Q2-2025

Core Insights - ECN Capital Corp. reported solid financial results for Q2 2025, with adjusted net income applicable to common shareholders increasing to $10.0 million or $0.04 per share, compared to $7.2 million or $0.03 per share in the previous quarter and $8.2 million or $0.03 per share in the same period last year [2][3] Financial Performance - Originations for the three-month period ended June 30, 2025, reached $804.1 million, a significant increase from $538.2 million in the previous quarter and $622.5 million in the same period last year [3] - Managed assets as of June 30, 2025, were $7.6 billion, up from $7.2 billion as of March 31, 2025, and $5.3 billion as of June 30, 2024 [4] - Adjusted EBITDA for the quarter was $31.5 million, consistent with the prior year but up from $25.5 million in the previous quarter [4] Operating Expenses and Losses - Operating expenses for the quarter were $30.7 million, compared to $29.4 million in the previous quarter and $26.5 million in the same period last year [5] - The net loss attributable to common shareholders was ($0.3) million, an improvement from a loss of ($2.5) million in the previous quarter, but a decline from a net income of $5.6 million in the same period last year [5] Dividends - The Board of Directors declared a quarterly dividend of C$0.01 per outstanding common share, payable on October 1, 2025, to shareholders of record as of September 12, 2025 [6] - A quarterly dividend of C$0.4960625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C, was also declared, with the same payment date and record date [7] Strategic Outlook - The Manufactured Housing Financing segment is experiencing accelerated growth in chattel originations, while the RV and Marine Financing segment faced industry headwinds [3] - The company has narrowed its guidance for the RV and Marine segment to $14 to $18 million from a previous range of $16 to $26 million and tightened consolidated 2025 guidance to $0.18 to $0.23 from $0.19 to $0.25 [3]