GECC Reports Fiscal 2025 Q3 Financial Results
Global Education Communities Corp. (OTCQB:GECSF) has released its Q3 2025 financial results, showing significant improvement across key metrics. Total revenue remained stable at $16,842, while net income recovered from a Q1 loss of $4,940 to a profit of $1,323 in Q3. Notably, Adjusted EBITDA increased substantially from $1,306 in Q1 to $6,805 in Q3 2025.
The company has made strategic progress by converting conventional mortgages to CMHC-backed low-interest loans and securing rezoning approvals for increased density on two properties. The GEC Oakridge project is 19 months into its 24-month construction cycle, with completion expected in early 2027. Additionally, GECC has signed an agreement to divest an educational asset, with closing anticipated this month.
Global Education Communities Corp. (OTCQB:GECSF) ha pubblicato i risultati finanziari del terzo trimestre 2025, evidenziando un miglioramento significativo nei principali indicatori. Il fatturato totale è rimasto stabile a 16.842 $, mentre l'utile netto è passato da una perdita di 4.940 $ nel primo trimestre a un profitto di 1.323 $ nel terzo trimestre. Notevolmente, l'EBITDA rettificato è aumentato considerevolmente da 1.306 $ nel primo trimestre a 6.805 $ nel terzo trimestre 2025.
L'azienda ha compiuto progressi strategici convertendo mutui convenzionali in prestiti a basso interesse garantiti da CMHC e ottenendo approvazioni di cambio di destinazione d'uso per aumentare la densità su due proprietà. Il progetto GEC Oakridge è a 19 mesi di un ciclo costruttivo di 24 mesi, con completamento previsto per l'inizio del 2027. Inoltre, GECC ha firmato un accordo per la cessione di un bene educativo, con la chiusura prevista per questo mese.
Global Education Communities Corp. (OTCQB:GECSF) ha publicado sus resultados financieros del tercer trimestre de 2025, mostrando una mejora significativa en los principales indicadores. Los ingresos totales se mantuvieron estables en 16,842 $, mientras que el ingreso neto pasó de una pérdida de 4,940 $ en el primer trimestre a un beneficio de 1,323 $ en el tercer trimestre. Destaca el aumento considerable del EBITDA ajustado, que subió de 1,306 $ en el primer trimestre a 6,805 $ en el tercer trimestre de 2025.
La empresa ha avanzado estratégicamente al convertir hipotecas convencionales en préstamos a bajo interés respaldados por CMHC y obtener aprobaciones de rezonificación para aumentar la densidad en dos propiedades. El proyecto GEC Oakridge lleva 19 meses de un ciclo de construcción de 24 meses, con finalización prevista para principios de 2027. Además, GECC ha firmado un acuerdo para la venta de un activo educativo, con cierre esperado este mes.
Global Education Communities Corp. (OTCQB:GECSF)는 2025년 3분기 재무 결과를 발표하며 주요 지표에서 상당한 개선을 보였습니다. 총 매출은 16,842달러로 안정세를 유지했으며, 순이익은 1분기 4,940달러 손실에서 3분기 1,323달러 이익으로 회복되었습니다. 특히, 조정 EBITDA는 1분기 1,306달러에서 2025년 3분기 6,805달러로 크게 증가했습니다.
회사는 기존 모기지를 CMHC 보증 저금리 대출로 전환하고 두 부동산에 대한 용도 변경 승인으로 밀도를 높이는 전략적 진전을 이루었습니다. GEC Oakridge 프로젝트는 24개월 건설 기간 중 19개월 차에 있으며, 2027년 초 완공이 예상됩니다. 또한, GECC는 교육 자산 매각 계약을 체결했으며 이번 달 마감이 예정되어 있습니다.
Global Education Communities Corp. (OTCQB:GECSF) a publié ses résultats financiers du troisième trimestre 2025, montrant une amélioration significative des indicateurs clés. Le chiffre d'affaires total est resté stable à 16 842 $, tandis que le bénéfice net est passé d'une perte de 4 940 $ au premier trimestre à un profit de 1 323 $ au troisième trimestre. Notamment, l'EBITDA ajusté a fortement augmenté, passant de 1 306 $ au premier trimestre à 6 805 $ au troisième trimestre 2025.
L'entreprise a réalisé des progrès stratégiques en convertissant des hypothèques conventionnelles en prêts à faible taux garantis par la CMHC et en obtenant des approbations de rezonage pour augmenter la densité sur deux propriétés. Le projet GEC Oakridge est à 19 mois d'un cycle de construction de 24 mois, avec une achèvement prévu début 2027. De plus, GECC a signé un accord pour céder un actif éducatif, la clôture étant prévue ce mois-ci.
Global Education Communities Corp. (OTCQB:GECSF) hat seine Finanzergebnisse für das dritte Quartal 2025 veröffentlicht und dabei eine deutliche Verbesserung bei den wichtigsten Kennzahlen gezeigt. Der Gesamtumsatz blieb stabil bei 16.842 $, während der Nettogewinn sich von einem Verlust von 4.940 $ im ersten Quartal auf einen Gewinn von 1.323 $ im dritten Quartal erholte. Besonders bemerkenswert ist der Anstieg des bereinigten EBITDA von 1.306 $ im ersten Quartal auf 6.805 $ im dritten Quartal 2025.
Das Unternehmen hat strategische Fortschritte erzielt, indem es konventionelle Hypotheken in CMHC-gesicherte Niedrigzinsdarlehen umwandelte und für zwei Immobilien Umwidmungszustimmungen zur Erhöhung der Dichte erhalten hat. Das GEC Oakridge-Projekt befindet sich im 19. Monat eines 24-monatigen Bauzyklus, mit Fertigstellung Anfang 2027. Zudem hat GECC eine Vereinbarung zum Verkauf eines Bildungsvermögens unterzeichnet, dessen Abschluss für diesen Monat erwartet wird.
- None.
- Marginal revenue growth with only 0.45% increase from Q2 ($16,766) to Q3 ($16,842)
- Net loss of $155 attributable to GECC shareholders in Q3 2025
- Negative earnings per share of $0.00 in Q3 2025
VANCOUVER, BC / ACCESS Newswire / July 14, 2025 / Global Education Communities Corp. ("GECC" or the "Company") (TSX:GEC)(OTCQB:GECSF) reports that it has filed on SEDAR+ its fiscal 2025 third quarter financial statements (the "Q3 2025 Financial Statements") and related Management's Discussion & Analysis (the "MD&A" and together with the Q3 2025 Financial Statements, the "2025 Q3 Financial Report") for the period ended May 31, 2025 ("Q32025"). This news release should be read in conjunction with the 2025 Q3 Financial Report in its entirety. To review the 2025 Q3 Financial Report, please visit GECC's profile at www.sedarplus.ca.
The Company's selected financial information for the last three completed fiscal quarters is as follows. Accounting policies under IFRS were consistently applied across all periods. All figures are in thousands of Canadian dollars, except share and per share data, unless otherwise noted.
Q3 2025 | Q2 2025 | Q1 2025 | ||||||||||
Total revenues | $ | 16,842 | $ | 16,766 | $ | 17,752 | ||||||
Net income (loss) | $ | 1,323 | $ | (1,277 | ) | $ | (4,940 | ) | ||||
Adjusted EBITDA(1) | $ | 6,805 | $ | 2,925 | $ | 1,306 | ||||||
Net income (loss) - GECC shareholders | $ | (155 | ) | $ | 512 | $ | (2,159 | ) | ||||
Income (loss) per share - GECC shareholders - basic and diluted | $ | (0.00 | ) | $ | 0.01 | $ | (0.03 | ) |
(1) | Non-IFRS financial measure. See the section titled "Non-IFRS Financial Measures" for reconciliation. |
The following table reconciles the non-IFRS measure to the most directly comparable IFRS measure disclosed in the Company's financial statements for the year ended August 31, 2024, which is net income (loss).
Q3 2025 | Q2 2025 | Q1 2025 | ||||||||||
Net income (loss) | $ | 1,323 | $ | (1,277 | ) | $ | (4,940 | ) | ||||
Deduct: interest income | $ | - | $ | - | $ | - | ||||||
Add: interest expense | $ | 3,551 | $ | 3,783 | $ | 3,588 | ||||||
Add: income tax (recovery) provision | $ | 108 | $ | 66 | $ | (716 | ) | |||||
Add: depreciation and amortization (1) | $ | 773 | $ | 784 | $ | 777 | ||||||
EBITDA [non-IFRS] | $ | 5,755 | $ | 3,356 | $ | (1,291 | ) | |||||
Add loss /deduct (gain) on net changes in fair value of investment properties | $ | 1,009 | $ | (398 | ) | $ | 2,646 | |||||
Add loss /deduct (gain) on embedded derivatives, net (2) | $ | 41 | $ | (33 | ) | $ | (49 | ) | ||||
Adjusted EBITDA [non-IFRS] | $ | 6,805 | $ | 2,925 | $ | 1,306 |
(1) | Includes amortization of agency fees which is a component of educational direct costs. |
(2) | Included in Finance costs within Note 11 to the Q3 2025 Financial Statements. |
"GECC's Q3 2025 financial results demonstrate steady growth and recovery across total revenue, net income, adjusted EBITDA, and strategic cost reductions as compared to the second quarter of fiscal 2025 ("Q2 2025")." stated Mr. Toby Chu, President, CEO, and Chairman of GECC. "We anticipate a continued gradual recovery in the international education sector, further declines in interest rates in the coming quarters, and maintain a laser-like focus on our student housing development, construction, and operations." Mr. Chu added.
Key highlights from the Q3 results include:
Total revenue showed stability with a marginal increase from
$16,766 in Q2, 2025 to$16,842 in Q3, 2025.Net income experienced a significant recovery from a loss of
$4,940 in Q1, 2025, to a profit of$1,323 in Q3, 2025.Adjusted EBITDA demonstrated a substantial improvement from
$1,306 in the first quarter of fiscal 2025 to$6,805 in Q3, 2025.
Over the past three quarters of fiscal 2025, we have successfully converted conventional mortgages to CMHC-backed low-interest loans and forged partnerships with strategic allies in financing, development, and investments. Furthermore, two of our under-development properties have received rezoning approvals, allowing for a substantially increased density compared to their current state. Our GEC® Oakridge project is now 19 months into its 24-month construction cycle, with projected possession in early 2027.
Most notably, we signed a formal agreement to divest one of our educational assets for substantial cash proceeds, with closing expected to occur this month.
See our previously issued news releases here:
https://gechq.com/blog/2025/07/07/gecc-signs-agreement-to-divest-part-of-its-educational-assets/
https://gechq.com/blog/2025/06/24/education-mega-centre-secures-development-permit-approval/
Mr. Chu concluded, "The past 24 months presented challenges for various sectors of the economy. GECC remains focused on optimizing operational efficiency, reducing interest expenses, enhancing our operating model, streamlining our asset base, and completing our current development projects to both increase long-term rental income and add substantial value to our portfolio."
About GECC:
Since 1994, GECC has established itself as a leading player in the Canadian education and student housing sector, serving both domestic and international markets. GECC offers a comprehensive range of services, encompassing business and language colleges, student-centric rental apartments, recruitment services for educational opportunities, and a network of campuses and offices across 40 locations.
Through its subsidiaries, GECC provides a holistic educational experience for over 12,500 students annually. These subsidiaries include established institutions like Sprott Shaw College (founded in 1903), Sprott Shaw Language College, Vancouver International College, and CIBT School of Business & Technology. These subsidiaries offer programs covering healthcare, business, and technology.
GECC also addresses student housing needs through its subsidiary, Global Education City Holdings Inc. ("GECH"). GECH focuses on developing and managing student-centric rental apartments and education super-centres in Metro Vancouver, boasting a portfolio exceeding
GECC also owns Global Education Alliance Inc. ("GEA"), a subsidiary that specializes in placing students in elite North American schools and universities, and Irix Design, a leading design and media communication company based in Vancouver, Canada.
Visit GECC online at www.GEChq.com or www.GECliving.com to explore our services and watch our corporate video.
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, that interest rates are expected to further decline in the coming quarters and the expectation of a continued gradual recovery in the international education sector. 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, economic factors and monetary policy and the risk factors identified in the MD&A forming part of the Q3 2025Financial 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.
NON-IFRS FINANCIAL MEASURES
The Company has included certain non-IFRS financial measures throughout this document including: (a) Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"); (b) Adjusted EBITDA which is EBITDA adjusted for the gain (loss) on change in fair value of the Company's investment properties, the gain (loss) on change in fair value of derivative instruments, one-off gains from sale of property and equipment; and (c) Gross Profit ("Gross Profit") which is the difference between revenue and direct costs of sales. These non-IFRS financial measurements do not have any standardized meaning as prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. Accordingly, these performance measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Management uses EBITDA and Adjusted EBITDA metrics to measure the profit trends of the business units and segments in the consolidated group since it eliminates the effects of financing decisions. Management uses Gross Profit to assess how efficiently the Company generates profit from the sale of goods or services. Certain investors, analysts and others utilize these non-IFRS financial metrics in assessing the Company's financial performance. These non-IFRS financial measurements have not been presented as an alternative to net income (loss) or any other financial measure of performance prescribed by IFRS. Reconciliation of the non-IFRS measures have been provided throughout the Company's MD&A, as applicable, filed under the Company's profile on www.sedarplus.ca.
SOURCE: Global Education Communities Corp
View the original press release on ACCESS Newswire
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