C3.ai(US:AI) TMX Newsfile·2026-02-26 22:00Core Viewpoint - Atrium Mortgage Investment Corporation reported strong financial results for 2025, achieving consistent earnings and dividends despite a challenging lending environment [3]. Financial Performance - For the year ended December 31, 2025, Atrium reported net income of $49.1 million, an increase of 2.5% from the previous year [5]. - Basic and diluted earnings per share were $1.03, a decrease of 2.8% and 1.9% respectively compared to the prior year [6]. - Total revenues for 2025 were $85.1 million, down 12.5% from $97.3 million in 2024 [5][9]. - The company declared a total dividend of $1.03 per share for 2025, which includes a special dividend of $0.10 [7][11]. Mortgage Portfolio - Atrium's mortgage portfolio grew by 3.4% to $917.1 million in 2025, with mortgages receivable at $892.5 million [3][8]. - The average loan-to-value ratio remained low at 61.4%, with 90.7% of the portfolio being less than 75% loan-to-value [11]. - The weighted average interest rate on the mortgage portfolio decreased to 8.98% from 9.98% in the previous year [8][11]. Operational Highlights - The company expanded its credit facility by $40 million to $380 million, enhancing its funding sources [3]. - Atrium appointed PricewaterhouseCoopers LLP as its new auditor for the year ended December 31, 2025 [3]. - The company maintains a well-secured mortgage portfolio, with 95.2% of the portfolio in first mortgages [11]. Market Position - Atrium operates as a non-bank lender focused on residential and commercial mortgages in major urban centers in Canada [14]. - The company aims to provide stable and secure dividends while preserving shareholders' equity through conservative lending practices [14].