Mr. Rick Skauge reports
OLYMPIA FINANCIAL GROUP INC. ANNOUNCES SECOND QUARTER 2025 RESULTS
Olympia Financial Group Inc. has released its operating and financial results for the three months ended June 30, 2025.
Results from operations for the three months ended June 30, 2025, include the following (compared with operations for the three months ended June 30, 2024):
- Total net earnings and comprehensive income decreased 8 per cent to $5.42-million from $5.89-million.
- Total revenue decreased 3 per cent to $25.56-million from $26.22-million.
- Service revenue increased 6 per cent to $12.95-million from $12.16-million, mainly due to an increase in monthly and transaction fees related to account growth within the IAS division.
- Trust, interest and other income decreased 10 per cent to $12.61-million from $14.06-million, mainly due to a decrease in interest rates on trust fund placements made over the previous 12 months.
- Total expenses remained consistent at $18.42-million.
- Basic and diluted earnings per share attributable to shareholders of Olympia decreased 8 per cent to $2.25 per share from $2.45 per share.
The unaudited condensed interim financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR+. Both historical and current information on Olympia's stock, financials, news releases, governance and more can now be found on the company's website.
About Olympia Financial Group Inc.
Olympia conducts most of its operations through its subsidiary, Olympia Trust Company, a non-deposit-taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust and transfer agency services. Olympia also provides currency exchange and global payment services through its subsidiary, Olympia Currency and Global Payments Inc., and offers private health services plans and information technology services to exempt market dealers, registrants and issuers through its subsidiary, Olympia Benefits Inc.
Olympia's common shares are listed on the Toronto Stock Exchange under the symbol OLY.
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