Everyday People Financial Reports Record Revenue Growth of 51% in RCM Segment and Expands AnyDay Tip Payments Program

Executive Summary

• Q3 revenue grew 6% to $18.9 M (up from $17.8 M YoY); nine‑month revenue up 21% to $58.7 M.
• RCM segment posted a 51% jump in Q3 revenue to $18.8 M and 40% growth year‑over‑year for the nine‑month period, with management targeting >$100 M RCM revenue in 2026 and a 20% EBITDA margin.
• Executed a Management Services & Program Management Agreement with XTM Inc., creating EP Payments (joint venture) that could process $750 M–$1 B of tip/wage disbursements in 2026, with an option to increase ownership to 49.9%.

Key Details

• Revenue Highlights
• Total Q3 2025 revenue: $18.9 M (↑6% YoY).
• Nine‑month 2025 revenue: $58.7 M (↑21% YoY).
• RCM Q3 2025 revenue: $18.8 M (↑51% YoY).

• RCM nine‑month 2025 revenue: $51.6 M (↑40% YoY).

• Adjusted EBITDA (non‑IFRS)

• Q3 2025 Adjusted EBITDA: $2,341 k, down from $3,085 k in Q3 2024.
• Nine‑month 2025 Adjusted EBITDA: $6,679 k, down from $8,569 k in the prior year.

• RCM Adjusted EBITDA (Q3): $2,728 k; nine‑month: $7,574 k.

• Management Services & Program Management Agreement (MSA) with XTM Inc.

• Forms joint venture “EP Payments” (EPF + XTM).
• EP Financial acts as exclusive program/operations manager for Canadian card and wallet programs, including BIN sponsorships and settlement via Digital Commerce Bank.

• Revenue split: 50% net program revenues after direct costs; right to increase ownership to 49.9%.

• Growth Outlook & Targets

• RCM revenue target > $100 M in 2026, aiming for a 20% EBITDA margin through organic growth and acquisitions (e.g., ACT Credit Management).
• EP Payments projected processing volume: $750 M–$1 B in tip/wage disbursements for 2026, generating high‑margin recurring revenue.

• Everyday Health Spending Account (HSA) platform expected annual revenues of $5 M–$7 M at launch with contribution margins of 75%–90%.

• Operational Discipline – CFO Dil Boparai emphasized continued cost controls and capital‑light strategy to drive sustainable shareholder value.

• Acquisitions – Five acquisitions completed during the period, contributing to RCM margin expansion and platform scalability.

Notable Quotes

“Our RCM platform continues to perform exceptionally well as we consolidate and scale operations…we anticipate RCM revenues to exceed $100 million in 2026, with a targeted 20% EBITDA margin.” – Graham Rankin & Barret Reykdal, Co‑CEOs, RCM UK/Canada

“This partnership accelerates our strategy to deliver a unified, scalable, and compliant payments infrastructure across North America…we expect EP Payments to process between $750 million and $1 billion in tip and wage disbursements in 2026.” – Tyler Hatch, Co‑CEO, EP Financial Services

Materiality: Material – Positive (significant revenue growth, strategic joint venture, clear forward‑looking targets).