DLC Group Announces Strong Q2 Results with 31% Increase in Revenue and Doubling of Adjusted Earnings per Share
DLC Group (TSX: DLCG), a leading Canadian mortgage franchisor with over 8,900 agents, reported exceptional Q2 2025 results with significant growth across key metrics. The company achieved a 31% revenue increase to $24.6 million, driven by a 25% growth in funded mortgage volumes to $21.1 billion.
Key highlights include a 48% increase in Adjusted EBITDA to $12.6 million, 89% growth in net income to $7.7 million, and doubled adjusted earnings per share to $0.10. The company's Velocity platform adoption expanded to 82% from 72% year-over-year. Additionally, DLC Group increased its quarterly dividend by 33% to $0.04 per share.
The company also launched Heartwood Financial Group, holding a 40% equity interest, which successfully funded its first loan in July 2025. Despite facing tougher comparable quarters ahead, management remains optimistic about continued growth through 2025.
DLC Group (TSX: DLCG), un importante franchisor canadese nel settore dei mutui con oltre 8.900 agenti, ha riportato risultati eccezionali nel secondo trimestre del 2025, con una crescita significativa nelle principali metriche. L'azienda ha registrato un aumento dei ricavi del 31% a 24,6 milioni di dollari, guidato da una crescita del 25% nei volumi di mutui finanziati a 21,1 miliardi di dollari.
I punti salienti includono un incremento del 48% dell'EBITDA rettificato a 12,6 milioni di dollari, una crescita dell'89% dell'utile netto a 7,7 milioni di dollari e un raddoppio dell'utile rettificato per azione a 0,10 dollari. L'adozione della piattaforma Velocity è aumentata al 82% dal 72% su base annua. Inoltre, DLC Group ha incrementato il dividendo trimestrale del 33% a 0,04 dollari per azione.
L'azienda ha inoltre lanciato Heartwood Financial Group, detenendo una quota azionaria del 40%, che ha finanziato con successo il suo primo prestito a luglio 2025. Nonostante si prospettino trimestri comparabili più impegnativi, la direzione rimane ottimista riguardo alla crescita continua nel corso del 2025.
DLC Group (TSX: DLCG), un destacado franquiciador canadiense de hipotecas con más de 8,900 agentes, reportó resultados excepcionales en el segundo trimestre de 2025 con un crecimiento significativo en métricas clave. La compañía logró un incremento de ingresos del 31% hasta 24.6 millones de dólares, impulsado por un crecimiento del 25% en volúmenes de hipotecas financiadas hasta 21.1 mil millones de dólares.
Los aspectos destacados incluyen un aumento del 48% en el EBITDA ajustado hasta 12.6 millones de dólares, un crecimiento del 89% en la utilidad neta hasta 7.7 millones de dólares y la duplicación de las ganancias ajustadas por acción a 0.10 dólares. La adopción de la plataforma Velocity se expandió al 82% desde el 72% interanual. Además, DLC Group incrementó su dividendo trimestral en un 33% hasta 0.04 dólares por acción.
La compañía también lanzó Heartwood Financial Group, con una participación accionaria del 40%, que financió con éxito su primer préstamo en julio de 2025. A pesar de enfrentar trimestres comparables más desafiantes, la dirección se mantiene optimista sobre el crecimiento continuo durante 2025.
DLC 그룹 (TSX: DLCG)은 8,900명 이상의 에이전트를 보유한 캐나다 선도 모기지 프랜차이저로서 2025년 2분기에 주요 지표 전반에 걸쳐 큰 성장을 이루며 뛰어난 실적을 보고했습니다. 회사는 수익이 31% 증가하여 2,460만 달러를 기록했으며, 이는 모기지 자금 조달 규모가 25% 증가하여 211억 달러에 달한 데 힘입은 결과입니다.
주요 성과로는 조정 EBITDA가 48% 증가하여 1,260만 달러, 순이익이 89% 증가하여 770만 달러, 그리고 조정 주당순이익이 두 배로 증가하여 0.10달러를 기록했습니다. 회사의 Velocity 플랫폼 채택률은 전년 대비 72%에서 82%로 확대되었습니다. 또한 DLC 그룹은 분기 배당금을 33% 인상하여 주당 0.04달러로 올렸습니다.
회사는 40% 지분을 보유한 Heartwood Financial Group을 출범시켰으며, 2025년 7월 첫 대출을 성공적으로 자금 조달했습니다. 앞으로 더 어려운 비교 분기가 예상되지만, 경영진은 2025년 내내 지속적인 성장을 낙관하고 있습니다.
DLC Group (TSX : DLCG), un franchiseur canadien majeur dans le secteur des hypothèques avec plus de 8 900 agents, a annoncé des résultats exceptionnels pour le deuxième trimestre 2025, affichant une croissance significative sur les principaux indicateurs. L'entreprise a enregistré une augmentation du chiffre d'affaires de 31 % à 24,6 millions de dollars, portée par une croissance de 25 % des volumes de prêts hypothécaires financés à 21,1 milliards de dollars.
Les points clés incluent une hausse de 48 % de l'EBITDA ajusté à 12,6 millions de dollars, une croissance de 89 % du bénéfice net à 7,7 millions de dollars, ainsi qu'un doublement du bénéfice ajusté par action à 0,10 dollar. L'adoption de la plateforme Velocity est passée de 72 % à 82 % en glissement annuel. De plus, DLC Group a augmenté son dividende trimestriel de 33 % à 0,04 dollar par action.
L'entreprise a également lancé Heartwood Financial Group, détenant une participation de 40 %, qui a financé avec succès son premier prêt en juillet 2025. Malgré des trimestres comparables plus difficiles à venir, la direction reste optimiste quant à une croissance continue en 2025.
DLC Group (TSX: DLCG), ein führender kanadischer Hypotheken-Franchisegeber mit über 8.900 Agenten, meldete herausragende Ergebnisse für das zweite Quartal 2025 mit signifikantem Wachstum in wichtigen Kennzahlen. Das Unternehmen erzielte einen Umsatzanstieg von 31 % auf 24,6 Millionen Dollar, angetrieben durch ein Wachstum der finanzierten Hypothekenvolumina um 25 % auf 21,1 Milliarden Dollar.
Zu den wichtigsten Highlights zählen ein 48 % Anstieg des bereinigten EBITDA auf 12,6 Millionen Dollar, ein 89 % Wachstum des Nettogewinns auf 7,7 Millionen Dollar sowie eine Verdopplung des bereinigten Gewinns je Aktie auf 0,10 Dollar. Die Nutzung der Velocity-Plattform stieg von 72 % auf 82 % im Jahresvergleich. Zusätzlich erhöhte DLC Group die Quartalsdividende um 33 % auf 0,04 Dollar je Aktie.
Das Unternehmen startete außerdem die Heartwood Financial Group mit einem 40 % Eigenkapitalanteil, die im Juli 2025 erfolgreich ihren ersten Kredit finanzierte. Trotz erwarteter herausfordernder Vergleichsquartale bleibt das Management optimistisch hinsichtlich eines anhaltenden Wachstums im Jahr 2025.
- Revenue surged 31% to $24.6 million in Q2 2025
- Adjusted EBITDA increased 48% to $12.6 million with margins expanding to 51%
- Net income grew 89% to $7.7 million
- Funded mortgage volumes increased 25% to $21.1 billion
- Quarterly dividend increased 33% to $0.04 per share
- Free cash flow to shareholders grew 148% to $10.6 million
- Strong balance sheet with adjusted total debt-to-EBITDA of 0.51x
- Number of franchises decreased 4% to 504 from 526 year-over-year
- Loss of $0.4 million from equity investment in Heartwood Financial Group
- General and administrative expenses increased 12% or $0.9 million
- Direct costs rose 21% compared to Q2 2024
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLC Group" or the "Corporation") today announced financial results for the three and six months ended June 30, 2025. DLC Group is one of Canada's leading franchisors of mortgage professionals, with a national network of over 8,900 agents. The Corporation also owns Newton Connectivity Systems Inc., a financial technology company that provides an integrated end-to-end operating platform, called Velocity, designed to automate and streamline the entire mortgage application, approval, underwriting and funding process.
Financial Highlights for Q2 2025:
- Funded mortgage volumes ("FMV") grew
25% to$21.1 billion over Q2 2024; - Revenue of
$24.6 million increased31% , compared to$18.8 million in the second quarter of 2024; - Adjusted EBITDA rose
48% to$12.6 million and EBITDA margins expanded to51% from45% in Q2 2024; - Net income increased
89% to$7.7 million in Q2 2025 from$4.1 million in Q2 2024; - Adjusted net income per common share doubled to
$0.10 in Q2 2025 from$0.05 last year; - Adoption of Velocity across the DLC Group broker network continued to expand, increasing to
82% from72% in Q2 2024; and - Increased the quarterly dividend by
33% to$0.04 per share or$0.16 annualized from$0.12 previously.
"We are pleased to report another strong quarter as we remain focused on executing our proven growth strategy. Despite ongoing softness in the housing market, the Canadian residential mortgage origination market has been strong to date in 2025 on the back of a strong renewal market and the decline in interest rates earlier this year," commented Gary Mauris, Chairman and CEO of DLC Group. "The strong market, coupled with continued growth in our broker network and expansion of Velocity adoption, enabled the Corporation to generate
"In addition to the strong financial results, a highlight of the quarter was the launch of Heartwood Financial Group, in which the Corporation owns a
"As we look forward, we remain optimistic on our growth outlook for the remainder of 2025. While we are coming up against some tougher comparable quarters, given the strong finish that we had in 2024, we continue to expect positive revenue and earnings growth in 2025. We maintain our steadfast focus on continuing to increase our market share, expand our addressable market size and create strong returns for our shareholders," concluded Mr. Mauris.
Second Quarter 2025 Financial Summary
| Three months ended June 30, | Six months ended June 30, | |||||||||||||||||||||||
| (in thousands, except per share and KPIs) | 2025 | 2024 | Change | 2025 | 2024 | Change | ||||||||||||||||||
| Revenues | $ | 24,609 | $ | 18,788 | $ | 43,341 | $ | 32,424 | ||||||||||||||||
| Income from operations | 11,039 | 7,380 | 17,924 | 10,848 | ||||||||||||||||||||
| Adjusted EBITDA (1) (2) | 12,639 | 8,532 | 20,670 | 13,528 | ||||||||||||||||||||
| Adjusted EBITDA margin (1) (2) | ||||||||||||||||||||||||
| Net income | 7,726 | 4,085 | 13,993 | 6,716 | ||||||||||||||||||||
| Diluted earnings per Common Share | 0.10 | 0.08 | 0.18 | 0.14 | ||||||||||||||||||||
| Adjusted net income (1) | 7,753 | 2,599 | 12,678 | 4,038 | ||||||||||||||||||||
| Adjusted diluted earnings per Common Share (1) | 0.10 | 0.05 | 0.16 | 0.08 | ||||||||||||||||||||
| Dividends declared per share | 0.04 | 0.03 | 0.07 | 0.06 | ||||||||||||||||||||
| Cashflows from operating activities | 10,777 | 10,533 | 18,520 | 15,600 | ||||||||||||||||||||
| Free cash flow attributable to common shareholders (1) | 10,579 | 4,270 | 17,376 | 4,920 | ||||||||||||||||||||
(1) Please see the Non-IFRS Financial Performance Measures section of this document for additional information.
(2) Adjusted EBITDA and Adjusted EBITDA margin includes a loss from our equity-accounted investment in Heartwood of
Key Performance Indicators ("KPIs")
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | ||||||||||||||||||||
| Funded mortgage volumes (1) | $ | 21.1 | $ | 16.9 | $ | 37.5 | $ | 28.1 | |||||||||||||||||
| Number of franchises (2) | 504 | 526 | ( | 504 | 526 | ( | |||||||||||||||||||
| Number of brokers (2) | 8,984 | 8,668 | 8,984 | 8,668 | |||||||||||||||||||||
| % of funded mortgage volumes submitted through Velocity (3) | |||||||||||||||||||||||||
(1) Funded mortgage volumes are presented in billions and are a key performance indicator that allows us to measure performance against our operating strategy.
(2) The number of franchises and brokers are as at the respective period end date (not in thousands).
(3) Representing the percentage of the DLC Group's funded mortgage volumes that were submitted through Velocity.
Second Quarter 2025 Financial Review:
Despite the overall macroeconomic outlook weakening early this year due to tariffs and global trade uncertainties, the Corporation has continued to generate strong results during the second quarter of 2025. Several market and internal factors drove our positive revenue and earnings growth in Q2 2025, including an active mortgage renewal market, expanded Velocity reach, greater market presence across Canada, and increased customer engagement initiatives. In addition to revenue growth, a continued focus on profitability and financial discipline resulted in strong earnings growth, free cash flow generation, and balance sheet.
- Revenue increased
31% from Q2 2024 to$24.6 million and was driven by a25% increase in Funded Mortgage Volume from Q2 2024, as well as an increase in the adoption of Velocity across our broker network to82% from72% in Q2 2024. The growth in Funded Mortgage Volume resulted from several different factors, including the growth in our broker network, internal initiatives to leverage Velocity to increase broker productivity and strength in the Canadian residential mortgage renewal market. - Revenue from Franchise and Brokering of Mortgages increased
17% while Newton revenue rose72% . Beginning in the second quarter of 2025, revenue generated from a third-party supplier was reclassified from Franchise to Newton revenue. The second quarter impact was a$0.6 million increase in Newton revenue and a$0.6 million decrease in Franchise revenue, reflecting the year-to-date dollar impact from the reclassification. - General and administrative expenses increased
12% or$0.9 million over Q2 2024 levels, with the increase stemming from two acquisitions completed at the end of Q2 2024, higher personnel costs, and higher IT-related costs. The additional general and administrative expenses from the two acquired brokerages was$0.5 million for the quarter. On a percent of sales basis, general and administrative revenue decreased to35.2% from41.2% in Q2 2024. Direct costs increased21% over Q2 2024 from higher advertising fund expenditures due to timing of advertising initiatives and from higher costs that are tied directly to movement in royalty revenues. However, on a percent of sales basis, direct costs declined to13.1% in second quarter from14.2% in Q2 2024. - Adjusted EBITDA grew
48% to$12.6 million compared to Q2 2024 while Adjusted EBITDA margins increased to51% from45% last year. Adjusted EBITDA for Q2 2025 includes$0.4 million loss from our equity-accounted investment in Heartwood, which began operations in Q2 2025. Adjusted EBITDA margins benefited from the strength of Newton revenue, as well as the decline in operating expenses as a percent of revenue. - Net income of
$7.7 million increased from$4.1 million in Q2 2024 due to the higher revenue and the decrease in finance expense related to the preferred share liability, partly offset by higher operating expenses and a loss on equity-accounted investments. The loss on equity-accounted investments includes a$0.4 million loss on Heartwood. - Adjusted diluted earnings per common share increased to
$0.10 in Q2 2025 up from$0.05 last year. Adjusted net income increased to$7.8 million from$2.6 million in Q2 2024 or up198% , mainly due to higher revenue, strong margin performance, and no longer having any income being attributable to Preferred Shareholders. - Cash flow from operating activities increased
2% to$10.8 million from Q2 2024 levels, driven by higher income from operations offset by cash used in non-cash working capital and the reduction in finance expense related to preferred shares. - The strong cash flow from operations, coupled with no longer having any free cash flow being attributed to Preferred Shareholders, resulted in
$10.6 million in free cash flow attributable to common shareholders compared to$4.3 million in Q2 2024. - The Corporation ended the quarter with adjusted total debt-to-EBITDA (on a trailing twelve-month basis) of 0.51x compared to 0.86x at the same period last year.
- The Corporation increased its quarterly dividend by
33% in May 2025, from$0.03 per share to$0.04 per share. The Corporation paid a dividend of$0.04 per share on June 13, 2025, to shareholders of record on May 30, 2025.
2025 Year-to-Date Financial Review
Year-to-date performance was generally consistent with Q2 trends, reflecting continued revenue growth, as well as strong profitability and cash flow.
- Revenue increased
34% from year-to-date June 30, 2024, to$43.3 million , and was driven by a33% increase in Funded Mortgage Volume from 2024, as well as an increase in the adoption of Velocity across our broker network to81% from71% in 2024. Consistent with our Q2 quarterly results, the strong Funded Mortgage Volume growth was the result of an increase in the number of brokers in our network, internal initiatives to leverage Velocity to increase broker productivity and growth in the Canadian mortgage renewal market. - Revenue from Franchise and Brokering of Mortgages increased
23% while Newton revenue rose65% . The change in classification of a third-party supplier revenue from Franchise to Newton, positively impacted Newton revenue and in turn negatively impacted Franchise revenue by$0.6 million year-to-date ended June 30, 2025. - General and administrative expenses increased
15% or$2.2 million over 2024 levels, with the increase stemming from two acquisitions completed in Q2 2024, higher personnel costs, and higher IT-related costs. The additional general and administrative expenses from the two acquired brokerages was$1.1 million for the six months ended June 30, 2025. On a percent of revenue basis, general and administrative expense declined to39.8% from46.3% in 2024. Direct costs increased16% over 2024 levels stemming from higher advertising fund expenditures due to timing of advertising initiatives and from costs that are tied directly to movement in royalty revenues. - Adjusted EBITDA grew
53% to$20.7 million compared to 2024 while Adjusted EBITDA margins increased to48% from42% last year. Adjusted EBITDA for 2025 includes$0.7 million loss from our equity-accounted investment in Heartwood, which commenced operations in Q2, 2025. Adjusted EBITDA margins benefited from the strength of Newton revenue as well as the decline in operating expenses as a percent of revenue. - Net income of
$14.0 million increased from$6.7 million in 2024 due to the higher revenue, the reduction of finance expense related to the preferred share liability, and a gain on sale of an equity-accounted investment, partly offset by higher operating expenses and a loss on equity-accounted investments. The loss on equity-accounted investments includes$0.7 million loss on Heartwood. - Adjusted net income increased to
$12.7 million from$4.0 million in 2024 or up214% , mainly due to higher revenue, strong margin performance, and no longer having any income being attributable to Preferred Shareholders. - Cash flow from operating activities increased
19% to$18.5 million from 2024 levels, driven by higher income from operations, partly offset by cash used in changes in non-cash working capital. - The strong cash flow from operations, coupled with a decline in maintenance capital expenditures and no longer having any free cash flow being attributed to Preferred Shareholders, resulted in
$17.4 million in free cash flow attributed to common shareholders compared to$4.9 million in 2024.
Conference Call & Webcast
The Corporation will hold a conference call at 4:00pm Mountain Time (6:00pm Eastern Time) on Thursday, August 7, 2025 to discuss these results. To participate in the conference call, please dial 1-833-752-4932 or 1-647-849-3379 (International) at least 5 minutes prior to the call.
This conference call will also be webcast live and can be accessed by all interested parties at the following URL: https://www.gowebcasting.com/14112.
A webcast replay will also be available within 24 hours following the call on DLC Group's website at www.dlcg.ca, in the Investors section.
Reconciliation of Non-IFRS Financial Measures
Management presents certain non-IFRS financial performance measures which we use as supplemental indicators of our operating performance. These non-IFRS measures do not have any standardized meaning and therefore are unlikely to be comparable to the calculation of similar measures used by other companies and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Non-IFRS measures are defined and reconciled to the most directly comparable IFRS measure. Non-IFRS financial performance measures include adjusted EBITDA, adjusted net income, adjusted earnings per share, and free cash flow. Please see the Non-IFRS Financial Performance Measures section of the Corporation's MD&A dated August 7, 2025 for further information on key performance indicators. The Corporation's MD&A is available on SEDAR+ at www.sedarplus.ca.
The following table reconciles adjusted EBITDA from income before income tax, which is the most directly-comparable measure calculated in accordance with IFRS:
| Three months ended June 30, | Six months ended June 30, | |||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||||
| Income before income tax | $ | 10,506 | $ | 5,873 | $ | 18,420 | $ | 9,087 | ||||||
| Add back: | ||||||||||||||
| Depreciation and amortization | 1,046 | 938 | 2,094 | 1,877 | ||||||||||
| Finance expense | 405 | 703 | 727 | 1,467 | ||||||||||
| Finance expense on the Preferred Share liability | - | 2,668 | - | 2,514 | ||||||||||
| 11,957 | 10,182 | 21,241 | 14,945 | |||||||||||
| Adjustments: | ||||||||||||||
| Share-based payments expense | 655 | 78 | 742 | 78 | ||||||||||
| Gain on sale of equity-accounted investment | - | (681 | ) | (1,362 | ) | (681 | ) | |||||||
| Non-cash (recovery) impairment of equity-accounted investment | - | (38 | ) | - | 198 | |||||||||
| Other expense (income) (1) | 27 | (1,009 | ) | 49 | (1,012 | ) | ||||||||
| Adjusted EBITDA (2) (3) | $ | 12,639 | $ | 8,532 | $ | 20,670 | $ | 13,528 | ||||||
(1) Other expense (income) for the three and six months ended June 30, 2025 relates to foreign exchange loss and loss on contract settlement. Other (income) expense for the three and six months ended June 30, 2024 relates to the reversal of the liquidation rights liability on the sale of Impact, a loss on the disposal of an intangible asset, foreign exchange loss, and loss on contract settlement.
(2) Amortization of franchise rights and relationships of
(3) Adjusted EBITDA includes a loss from our equity-accounted investment in Heartwood of
The following table reconciles free cash flow from cash flow from operating activities, which is the most directly-comparable measure calculated in accordance with IFRS:
| Three months ended June 30, | Six months ended June 30, | |||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||||
| Cash flow from operating activities | $ | 10,777 | $ | 10,553 | $ | 18,520 | $ | 15,640 | ||||||
| Changes in non-cash working capital and other non-cash items | 716 | (1,740 | ) | 689 | (2,309 | ) | ||||||||
| Cash provided from operations excluding changes in non-cash working capital and other non-cash items | 11,493 | 8,813 | 19,209 | 13,331 | ||||||||||
| Adjustments: | ||||||||||||||
| Distributions from equity-accounted investees | - | 100 | - | 285 | ||||||||||
| Maintenance CAPEX | (687 | ) | (330 | ) | (1,433 | ) | (3,463 | ) | ||||||
| Lease payments | (103 | ) | (114 | ) | (203 | ) | (226 | ) | ||||||
| Loss on contract settlement | 26 | 10 | 39 | 20 | ||||||||||
| NCI portion of cash provided from operations excluding changes in non-cash working capital | (151 | ) | (69 | ) | (246 | ) | (69 | ) | ||||||
| Other non-cash items (1) | 1 | (1,019 | ) | 10 | (1,032 | ) | ||||||||
| 10,579 | 7,391 | 17,376 | 8,846 | |||||||||||
| Free cash flow attributable to Preferred Shareholders (2) | - | (3,121 | ) | - | (3,926 | ) | ||||||||
| Free cash flow attributable to common shareholders | $ | 10,579 | $ | 4,270 | $ | 17,376 | $ | 4,920 | ||||||
(1) Other non-cash items for the three and six months ended June 30, 2025 represent foreign exchange loss and promissory note income. The three months and six ended June 30, 2024 includes gain on disposal of an intangible asset, foreign exchange loss, and promissory note income.
The following table reconciles adjusted net income from net income, which is the most directly-comparable measure calculated in accordance with IFRS:
| Three months ended June 30, | Six months ended June 30, | |||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||||
| Net income | $ | 7,726 | $ | 4,085 | $ | 13,993 | $ | 6,716 | ||||||
| Adjustments: | ||||||||||||||
| Gain on sale of equity-accounted investment | - | (681 | ) | (1,362 | ) | (681 | ) | |||||||
| Finance expense on the Preferred Share liability | - | 2,668 | - | 2,514 | ||||||||||
| Non-cash (recovery) impairment of equity-accounted investment | - | (38 | ) | - | 198 | |||||||||
| Other expense (income) (1) | 27 | (1,009 | ) | 49 | (1,012 | ) | ||||||||
| Income tax effects of adjusting items | - | (1 | ) | (2 | ) | (4 | ) | |||||||
| 7,753 | 5,024 | 12,678 | 7,731 | |||||||||||
| Income attributable to Preferred Shareholders (3) | - | (2,425 | ) | - | (3,693 | ) | ||||||||
| Adjusted net income | 7,753 | 2,599 | 12,678 | 4,038 | ||||||||||
| Adjusted net income attributable to common shareholders | 7,672 | 2,547 | 12,564 | 3,982 | ||||||||||
| Adjusted net income attributable to non-controlling interest | 81 | 52 | 114 | 56 | ||||||||||
| Diluted adjusted earnings per Common Share | $ | 0.10 | $ | 0.05 | $ | 0.16 | $ | 0.08 | ||||||
(1) Other expense (income) for the three and six months ended June 30, 2025 relates to foreign exchange loss and loss on contract settlement. Other expense for the three and six months June 30, 2024 relates to the reversal of the liquidation rights liability on the sale of Impact, loss on the disposal of intangible assets, loss on contract settlement, and foreign exchange loss.
Forward-Looking Information
Certain statements in this document constitute forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as "anticipate," "believe," "estimate," "will," "expect," "plan," or similar words suggesting future outcomes or outlooks. Forward-looking information in this document includes, but is not limited to: our expectation that Heartwood will generate strong profitability and shareholder value for DLC Group, our growth outlook for the remainder of 2025, our expectation of positive revenue and earnings growth in 2025, and our ability to increase our market share, expand our addressable market size and create strong returns for our shareholders.
Such forward-looking information is based on many estimates and assumptions, including material estimates and assumptions, related to the following factors below that, while considered reasonable by the Corporation as at the date of this press release considering management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to:
- Interest rates;
- DLC Group's ability to maintain its existing number of franchisees and brokers, and to add additional franchisees and brokers;
- overall demand for Canadian real estate (via factors such as immigration);
- overall supply for Canadian real estate (via factors such as new housing-start levels);
- At what period in time the Canadian real estate market stabilizes;
- Canadian mortgage lending and mortgage brokerage laws and regulations;
- Canadian mortgage lending marketplace;
- fees paid for mortgage brokerage services in Canada; and
- demand for the Corporation's products remaining consistent with historical demand.
Many of these uncertainties and contingencies may affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made in this document are qualified by these cautionary statements. The foregoing list of risks is not exhaustive. The forward-looking information contained in this document is made as of the date hereof and, except as required by applicable securities laws, we undertake no obligation to update publicly or revise any forward-looking statements or information, whether because of new information, future events or otherwise.
About Dominion Lending Centres Inc.
Dominion Lending Centres Inc. is Canada's leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,900 agents and over 500 locations. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.
DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at www.dlcg.ca.
Contact information for the Corporation is as follows:
| Eddy Cocciollo President eddy@dlc.ca | James Bell | |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261691
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