Everyday People Financial Reports 40% Year-over-Year Q2 Revenue Growth Driven by RCM Expansion and Strategic EP Homes Program Shift and Strengthens Balance Sheet in Q2 2025
Everyday People Financial (OTCQB: EPFCF) reported strong Q2 2025 financial results, with revenue surging 40% year-over-year to $22.1 million. The company's six-month revenue increased 30% to $39.8 million, driven by expansion in Revenue Cycle Management (RCM) services and EP Homes program.
Q2 2025 highlights include net income growth to $0.8 million from $0.1 million in Q2 2024, and operating cash flow of $6.2 million for H1 2025. The company's balance sheet strengthened with total assets reaching $73.0 million and shareholders' equity more than doubling to $16.1 million. The successful integration of Commercial Collection Services Limited and pivot to the Borrowed Down Payment Program demonstrates the company's effective execution of its capital-light business strategy.
Everyday People Financial (OTCQB: EPFCF) ha comunicato solidi risultati finanziari per il secondo trimestre 2025: i ricavi sono cresciuti del 40% su base annua, raggiungendo 22,1 milioni di dollari. Nei primi sei mesi dell'anno i ricavi sono aumentati del 30% a 39,8 milioni di dollari, sostenuti dall'espansione dei servizi di Revenue Cycle Management (RCM) e dal programma EP Homes.
Tra i punti salienti del Q2 2025: il utile netto è salito a 0,8 milioni di dollari rispetto a 0,1 milioni nel Q2 2024, mentre il flusso di cassa operativo per il primo semestre 2025 è stato di 6,2 milioni di dollari. Lo stato patrimoniale si è rafforzato con attività totali a 73,0 milioni di dollari e il patrimonio netto degli azionisti più che raddoppiato a 16,1 milioni di dollari. L'integrazione riuscita di Commercial Collection Services Limited e l'orientamento verso il Borrowed Down Payment Program dimostrano l'efficace attuazione della strategia aziendale a basso impiego di capitale.
Everyday People Financial (OTCQB: EPFCF) informó sólidos resultados financieros del segundo trimestre de 2025, con ingresos que aumentaron un 40% interanual hasta 22,1 millones de dólares. Los ingresos en el semestre crecieron un 30% hasta 39,8 millones de dólares, impulsados por la expansión de los servicios de Revenue Cycle Management (RCM) y el programa EP Homes.
Entre los puntos destacados del Q2 2025: el beneficio neto creció a 0,8 millones de dólares desde 0,1 millones en el Q2 de 2024, y el flujo de caja operativo fue de 6,2 millones de dólares en el primer semestre de 2025. El balance se fortaleció con activos totales por 73,0 millones de dólares y el patrimonio neto más que duplicado hasta 16,1 millones de dólares. La exitosa integración de Commercial Collection Services Limited y el giro hacia el Borrowed Down Payment Program demuestran la sólida ejecución de su estrategia de negocio con bajo uso de capital.
Everyday People Financial (OTCQB: EPFCF)는 2025년 2분기 강력한 실적을 발표했습니다. 매출은 전년 동기 대비 40% 증가한 2,210만 달러를 기록했습니다. 상반기 매출은 RCM(Revenue Cycle Management) 서비스 확대와 EP Homes 프로그램의 성장에 힘입어 30% 늘어난 3,980만 달러였습니다.
2025년 2분기 주요 내용으로는 순이익이 80만 달러로 증가한 점(2024년 2분기 10만 달러에서)과 2025년 상반기 영업현금흐름이 620만 달러인 점이 포함됩니다. 총자산은 7,300만 달러로, 자본은 1,610만 달러로 두 배 이상 증가해 재무구조가 강화되었습니다. Commercial Collection Services Limited의 성공적인 통합과 Borrowed Down Payment Program으로의 전환은 자본 집약도가 낮은 비즈니스 전략을 효과적으로 실행하고 있음을 보여줍니다.
Everyday People Financial (OTCQB: EPFCF) a publié de solides résultats pour le deuxième trimestre 2025 : le chiffre d'affaires a bondi de 40% en glissement annuel pour atteindre 22,1 millions de dollars. Sur six mois, le chiffre d'affaires a augmenté de 30% pour atteindre 39,8 millions de dollars, porté par le développement des services de Revenue Cycle Management (RCM) et le programme EP Homes.
Les points marquants du T2 2025 incluent une hausse du résultat net à 0,8 million de dollars contre 0,1 million au T2 2024, et un flux de trésorerie d'exploitation de 6,2 millions de dollars pour le premier semestre 2025. Le bilan s'est renforcé avec un actif total de 73,0 millions de dollars et des capitaux propres ayant plus que doublé à 16,1 millions de dollars. L'intégration réussie de Commercial Collection Services Limited et l'orientation vers le Borrowed Down Payment Program illustrent l'exécution efficace de la stratégie d'entreprise allégée en capital.
Everyday People Financial (OTCQB: EPFCF) meldete starke Finanzergebnisse für das zweite Quartal 2025: Der Umsatz stieg im Jahresvergleich um 40% auf 22,1 Millionen US-Dollar. Der Halbjahresumsatz kletterte dank der Ausweitung der Revenue Cycle Management (RCM)-Dienstleistungen und des EP Homes-Programms um 30% auf 39,8 Millionen US-Dollar.
Zu den Highlights des Q2 2025 zählen ein anstieg des Nettogewinns auf 0,8 Millionen US-Dollar gegenüber 0,1 Millionen im Q2 2024 sowie ein operativer Cashflow von 6,2 Millionen US-Dollar für H1 2025. Die Bilanz hat sich mit Gesamtvermögen von 73,0 Millionen US-Dollar und einem auf 16,1 Millionen US-Dollar mehr als verdoppelten Eigenkapital gestärkt. Die erfolgreiche Integration von Commercial Collection Services Limited und die Ausrichtung auf das Borrowed Down Payment Program zeigen die effektive Umsetzung der kapitalarmen Geschäftsstrategie.
- Revenue increased 40% YoY to $22.1 million in Q2 2025
- Net income grew to $0.8 million in Q2 2025 from $0.1 million in Q2 2024
- Operating cash flow nearly tripled to $6.2 million in H1 2025
- Shareholders' equity more than doubled to $16.1 million
- EP Homes segment showed growth with higher home sales (7 vs 5 in Q2 2024)
- Adjusted EBITDA declined to $2.2 million in Q2 2025 from $2.4 million in Q2 2024
- Financial Services revenue decreased due to accounting policy change
- Negative adjusted net working capital of -$1.9 million as of June 30, 2025
Edmonton, Alberta--(Newsfile Corp. - August 14, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a technology-driven financial services provider, today announced its financial results for the three and six months ended June 30, 2025, highlighted by a
"Our Q2 results underscore the power of our diversified business model," said Gordon Reykdal, Executive Chairman of Everyday People. "With the successful integration of the acquisition of Commercial Collection Services Limited ("CCS") into our RCM platform and the pivot of EP Homes to the Borrowed Down Payment Program ("BDPP"), we are building recurring, capital-light revenue streams while preserving balance sheet strength. This positions us for sustained growth into the second half of 2025 and beyond."
Key Financial Highlights for the Three Months Ended June 30, 2025
Revenue:
$5.4 million increase from RCM services, primarily from the CCS acquisition and organic client growth.$1.6 million increase from EP Homes, driven by higher home sales (7 versus 5 in Q2 2024).$0.7 million decrease in Financial Services revenue due to an accounting policy change for supply chain operations.- Six-month revenue:
$39.8 million , up30% year-over-year.
Profitability:
- Net income of
$0.8 million for Q2 2025 up from$0.1 million for the same period in 2024. - Net income of
$1.6 million for the first half of 2025 up from$0.9 million for the same period in 2024.
Operating Cash Flow:
$6.2 million cash provided by operating activities in the first half of 2025, up from$2.3 million for the same period in 2024.
Balance Sheet Strength:
- Total assets increased to
$73.0 million (December 31, 2024:$63.9 million ). - Shareholders' equity more than doubled to
$16.1 million (December 31, 2024:$6.3 million ).
Adjusted EBITDA:
| Three months ended | Three months ended | Six months ended | Six months ended | |
| June 30, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |
| Adjusted EBITDA reconciliation | ||||
| Net profit before tax | 884 | 588 | 1,854 | 2,055 |
| Adjustments | ||||
| Interest included in direct cost | 1 | 6 | 1 | 7 |
| Depreciation and amortization | 856 | 804 | 1,798 | 1,603 |
| Acquisition costs | - | - | - | 72 |
| Share-based compensation | 171 | 193 | 287 | 346 |
| Finance costs | 543 | 790 | 1,157 | 1,687 |
| Gain on contingent consideration | (213) | - | (759) | - |
| Gain on debt settlement | - | - | - | (286) |
| Total adjustment to net profit before tax | 1,358 | 1,793 | 2,484 | 3,429 |
| Adjusted EBITDA | 2,242 | 2,381 | 4,338 | 5,484 |
| Less: Finance costs | 543 | 790 | 1,157 | 1,687 |
| Adjusted EBTDA | 1,699 | 1,591 | 3,181 | 3,797 |
$2.2 million for Q2 2025 as compared to$2.4 million for the same period in 2024.$4.3 million for the six months ended June 30, 2025 as compared to$5.5 million for the same period in 2024.
Adjusted Net Working Capital:
| June 30, 2025 | December 31, 2024 | |
| Current assets | ||
| Cash and cash equivalents | 3,486 | 1,615 |
| Customer funds | 20,728 | 13,347 |
| Cash - restricted | 100 | 101 |
| Trade receivables | 10,828 | 6,797 |
| Prepaid expenses | 1,941 | 1,371 |
| Due from related parties | 1,170 | 530 |
| Current portion of properties held for lease and sale | - | 2,069 |
| Total current assets | 38,253 | 25,830 |
| Current liabilities | ||
| Trade and other payables | 13,592 | 11,081 |
| Customer payables | 20,728 | 13,347 |
| Other current liabilities | 76 | 245 |
| Current tax liability | 443 | 335 |
| Current portion of lease liabilities | 553 | 511 |
| Current portion of due to related parties | 232 | 608 |
| Current portion of promissory notes | 1,204 | 1,454 |
| Current portion of credit facilities | 5,453 | 9,545 |
| Total current liabilities | 42,281 | 37,126 |
| Net working capital | (4,028) | (11,296) |
| Adjustments to trade and other payables | 2,115 | 2,687 |
| Adjusted Net Working Capital | (1,913) | (8,609) |
- As at June 30, 2025, current liabilities include
$2.1 million (December 31, 2024 -$2.7 million ) of certain suspense and overpayment provisions from the RCM business lines. However, based on historical analysis, the Company believes it is highly unlikely that the vast majority of these amounts will be paid. While these provisions are included in the reported net working capital in the financial statements, the Company does not expect these obligations to impact its future cash flows. Therefore, as at June 30, 2025, the Adjusted Net Working Capital deficiency is$1.9 million , as compared to Adjusted Net Working Capital deficiency of$8.6 million as at December 31, 2024.
Looking Forward
"Everyday People had an exceptionally strong start to the year and remain focused on advancing its capital-light business model and executing on a disciplined acquisition strategy." said Gordon Reykdal, Executive Chairman of Everyday People. "We have a passionate and experienced team of operators delivering on the Company's vision."
About Everyday People Financial Corp.
Everyday People Financial Corp. is a technology-driven financial services company with a mission to help individuals and businesses manage money better. First established in 1988, we have a workforce of over 650 people operating in the United Kingdom and Canada providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom.
Revenue Cycle Management (RCM), which helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and Financial Services, which provides digital tools and credit access programs that support Canadians on their financial journey, all without lending money.
Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the Company is committed to providing affordable, innovative, and responsible financial solutions that create lasting value for our clients, customers, and shareholders.
We are changing the way people manage money by enhancing our client and consumer services with our own affordability assessment programs with specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth. We stand for creativity and entrepreneurship. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner.
Financial Statements & Management's Discussion and Analysis
This news release should be read in conjunction with Everyday People's consolidated financial statements and "Management's Discussion and Analysis" report for the six months ended June 30, 2025, which have been posted under the Company's profile on SEDAR+ at www.sedarplus.ca.
Non-IFRS Financial Measures
This news release makes reference to certain non-IFRS financial measures, including Adjusted EBITDA, and Adjusted EBTDA.
"Adjusted EBITDA" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "EBITDA" means earnings before finance and interest costs, provision for income tax and amortization and depreciation expenses. "Adjusted EBITDA" is calculated as adding back the share-based compensation, depreciation and amortization expenses, other expenses (income) and other non-operating expenses (income) management considers not directly related to operational performance of the period presented.
"Adjusted EBTDA" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "EBTDA" means earnings before finance excluding interest costs, provision for income tax and amortization and depreciation expenses. "Adjusted EBTDA" is calculated as adding back the share-based compensation, depreciation and amortization expenses, other expenses (income) and other non-operating expenses (income), and excludes interest costs in the calculation, management considers not directly related to operational performance of the period presented.
"Adjusted Net Working Capital" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "Net Working Capital" is calculated as current assets less current liabilities. "Adjusted Net Working Capital" is calculated as current assets less current liabilities and excludes certain items that the Company believes do not reflect the Company's ongoing operational performance or expected future cash obligations.
Adjusted EBITDA, Adjusted EBTDA, and Adjusted Net Working Capital are used as non-IFRS financial measures to provide investors with a supplemental measure of the Company's operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. The Company believes that securities analysts, investors, and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. The Company's management also uses non-IFRS financial measures to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess the Company's ability to meet its capital expenditure and working capital requirements.
Non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for an analysis of the Company's results under IFRS. There are a number of limitations related to the use of non-IFRS financial measures versus their nearest IFRS equivalents. Investors are encouraged to review the consolidated financial statements as at and for the six months ended June 30, 2025 and June 30, 2024, and disclosures in their entirety and are cautioned not to put undue reliance on any non-IFRS financial measure and view it in conjunction with the most comparable IFRS financial measures. In evaluating these non-IFRS financial measures, please be aware that in the future the Company will continue to have the adjustment similar to those adjusted in the presented period.
For more information visit: www.everydaypeoplefinancial.com.
Contact
Gordon Reykdal
Executive Chairman
letsconnect@epfinancial.ca
1 888 825 9808 (Press Option 2 for Investor and Media Relations)
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, and key financial metrics, results of operations, integration of the acquired businesses, and the business, plans, strategy and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262603
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