GECC Reports Financial Results for Fiscal Year Ended August 31, 2025

Rhea-AI Summary

Global Education Communities Corp (OTCQX:GECSF) reported audited results for the fiscal year ended August 31, 2025. Key metrics: Revenues were $29,037k versus $35,235k a year earlier, while comprehensive income attributable to shareholders rose to $22.14M and basic EPS was $0.33. The company generated >$35.4M gross proceeds from a divestiture and secured $140.3M of CMHC-sponsored financing, loans and private equity.

Development progress includes GEC Oakridge at Level 7 (completion expected early 2027), GEC Langara rezoning to a 26-storey plan (construction mid-2026) and Education Mega Center Surrey with final rezoning and permits (groundbreaking planned early 2026). Operations reached near-full capacity as of Sept 1, 2025, and management reports reduced overall debt and finance cost. A BC Court of Appeal ruling was allowed in part; related proceedings continue.

Positive

• Total comprehensive income to shareholders of $22.14M
• Basic EPS $0.33 for Fiscal 2025
• Divestiture gross proceeds > $35.4M
• Secured $140.3M in financing and investments
• GEC Oakridge at Level 7; completion expected early 2027
• GEC Langara rezoning to 26-storey; construction scheduled mid-2026

Negative

• Revenues fell from $35,235k to $29,037k (≈17.6% decline)
• Fiscal 2025 affected by international study permit restrictions and US-Canada tariff dispute
• Legal proceedings continue despite BC Court of Appeal allowing subsidiary appeal in part
• No quantified guidance provided for debt reduction or finance-cost savings

VANCOUVER, BC / ACCESS Newswire / December 3, 2025 / Global Education Communities Corp. ("GECC" or the "Company") (TSX:GEC)(OTCQX:GECSF) reports that it has filed on SEDAR+ its audited annual consolidated financial statements (the "Annual Financial Statements") and related Management's Discussion & Analysis (the "MD&A") (collectively, the "2025 Financial Report") for the fiscal year ended August 31, 2025 ("Fiscal 2025"). This news release should be read in conjunction with the 2025 Financial Report in its entirety. To review the 2025 Financial Report, please visit GECC's profile at www.sedarplus.ca.

The following table presents selected financial data from the 2025 Financial Report with comparisons to the fiscal year ended August 31, 2024 ("Fiscal 2024"). All figures are in thousands of Canadian dollars, except share and per share data, unless otherwise stated.

		August 31, 2025				August 31, 2024
REVENUES1		$	29,037			$	35,235
NET INCOME (LOSS)		$	3,997			$	(21,273	)
Total comprehensive income attributable to:
Global Education Communities Corp. shareholders		$	22,141			$	1,099
Non-controlling interests		$	(18,144	)		$	(22,367	)
Total comprehensive income (loss)		$	3,997			$	(21,268	)
Net income (loss) per share attributable to shareholders of GECC
Basic2		$	0.33			$	0.02
Diluted2		$	0.29			$	0.02

^1. Revenues from continuing operations.

^2. Earnings per share is calculated based on total comprehensive income attributable to shareholders, divided by the weighted average number of shares outstanding.

"We are pleased with GECC's performance in Fiscal Year 2025, achieving net earnings of $22.14 million, or $0.33 per basic share for GECC shareholders. While 2025 was a challenging year across many sectors-impacted by government restrictions on international study permits, a US-Canada tariff dispute, and broader geopolitical instability-we were successful on many fronts, delivering exceptional value to our shareholders."

Key 2025 Achievements and Milestones:

• Divestiture Success: We divested one of our educational investments, generating gross proceeds exceeding $35.4 million and realizing a high multiple of EBITDA.

• Strategic Partnerships: We established two significant institutional partnerships with Pomerleau Capital of Quebec and Pure Group of Companies of BC, strengthening our development pipeline and finance capacity.

• Financing and Recapitalization: We successfully secured an aggregate of $140.3 million in CMHC-sponsored financing, business loans, and private equity investments.

• Major Construction Progress: Construction for GEC® Oakridge is progressing on schedule and on budget, currently at Level 7, with completion anticipated in early 2027.

• Development Successes:

  • GEC® Langara: We obtained conditional rezoning approval, successfully transforming a 10-storey design plan into a 26-storey construction plan. Construction is scheduled to commence in mid-2026.

  • Education Mega Center® (Surrey): We received final rezoning and Development Permit approvals and are currently in the excavation permit phase for this flagship project, with plans to break ground in early 2026.

• Operational Excellence:

  • Achieved near-full capacity at all GEC®-operated properties as of September 1st, 2025.

  • Gross rental income and rental rate per square foot increased steadily year-over-year.

  • This was accomplished while simultaneously reducing our overall debt level and finance cost.

• Favourable Legal Ruling: the appeal by one of GECC's subsidiaries regarding its $60 million investment was allowed in part by the BC Court of Appeal. Proceedings continue.

About GECC:

For nearly 32 years, GECC has been a leader in Canada's education and student housing landscape. Serving a vibrant community of nearly 10,000 domestic and international students annually, GECC operates across 24 student housing apartments, campuses, and offices in Canada and abroad.

Student housing and education super-centres:

GECC is committed to solving Metro Vancouver's critical student housing challenges under the GEC® Living brand. GECC specializes in developing and managing off-campus student-centric rental apartments and pioneering the concept of education super-centres. The GEC® portfolio, comprising both operational properties and development budgets for the pipeline, exceeds $1.3 billion. GECC provides housing solutions to 95 schools in Metro Vancouver, serving domestic and international students from across Canada and 79 countries worldwide. Visit us at: www.gecliving.com.

Education Services

GECC was the owner of Sprott Shaw College until its divestiture in August 2025. GECC's current academic division includes SSLC Language College, SSLC Business College (formerly Vancouver International College) and CIBT School of Business & Technology. These institutions offer a diverse range of business programs and ESL programs (English as a Second Language) designed to meet the evolving needs of international learners. Visit us at: www.studySSLC.com.

As part of its infrastructure, GECC also owns Global Education Alliance Inc. This student recruitment agency connects students with top-tier North American schools and places students into GECC's student housing properties. Irix Design is a leading design and media communications firm based in Vancouver.

Visit GECC online at www.GEChq.com to explore our services and watch our corporate video. Check out our video library on YouTube.com: https://www.youtube.com/gecliving

For more information, contact:

Toby Chu
Chairman, President & CEO
Global Education Communities Corp.

Investor Relations Contact: 1-604-871-9909 extension 319 or | Email: info@GEChq.com

FORWARD-LOOKING STATEMENTS

Some statements in this news release contain forward-looking information (the "forward-looking statements") about the Company and its plans. Forward-looking statements are statements that are not historical facts. Forward-looking statements in this news release include, without limitation, the plans for GEC® projects. The forward-looking statements are subject to various risks, uncertainties and other factors (collectively, the "Risks") that could cause GECC's actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. The Risks include, without limitation, customary risks of the construction industry, unexpected delays or requirements of the applicable municipalities, and the risk factors identified in the MD&A forming part of the 2025 Financial Report. Forward-looking statements are based on the beliefs, opinions and expectations of GECC's management at the time they are made, and the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.

SOURCE: Global Education Communities Corp

View the original press release on ACCESS Newswire

FAQ

What were Global Education Communities (GECSF) revenues and EPS for fiscal year ended August 31, 2025?

Revenues were $29,037k and basic EPS was $0.33 for Fiscal 2025.

How much financing did GECSF secure in 2025 and what types were included?

The company secured an aggregate of $140.3M comprising CMHC-sponsored financing, business loans, and private equity investments.

What proceeds did GECSF realize from its 2025 divestiture and how material was it?

GECSF generated gross proceeds exceeding $35.4M from the divestiture.

What is the status and timeline for GEC Oakridge and GEC Langara projects?

GEC Oakridge is at Level 7 with completion anticipated in early 2027; GEC Langara received rezoning to a 26-storey plan with construction scheduled to start mid-2026.

Did GECSF report operational occupancy and rental trends for 2025?

Yes; the company reported near-full capacity at GEC-operated properties as of Sept 1, 2025 and steady year-over-year increases in gross rental income and rental rate per square foot.

What is the current legal status related to GECSF's $60M investment dispute?

A BC Court of Appeal allowed the subsidiary's appeal in part, but related proceedings remain ongoing.