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OMI 0.315 +0.0% BMM 3.80 +0.0% CGD 0.630 +10.5% OCG 0.275 −1.8% CAMB 0.990 −1.0% HMR 0.610 −1.6% GOFL 0.025 +0.0% SIG 1.01 −1.9% SGQ 0.300 +0.0% AMCO 0.220 −12.0% TRS 0.055 +0.0% RRI 0.265 +0.0% GAL 0.400 +0.0% LIB 0.800 −12.1% SMY 0.290 +23.4% SAG 1.02 +0.0% OMI 0.315 +0.0% BMM 3.80 +0.0% CGD 0.630 +10.5% OCG 0.275 −1.8% CAMB 0.990 −1.0% HMR 0.610 −1.6% GOFL 0.025 +0.0% SIG 1.01 −1.9% SGQ 0.300 +0.0% AMCO 0.220 −12.0% TRS 0.055 +0.0% RRI 0.265 +0.0% GAL 0.400 +0.0% LIB 0.800 −12.1% SMY 0.290 +23.4% SAG 1.02 +0.0%
Earnings

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

By The Northwire Desk — AI Analysis Dec 03, 2025 · 22:00 GEC · 0.335 GLOBAL EDUCATION COMMUNITIES CORP. J
GEC · Price

Executive Summary

  • GECC reported a turnaround to net earnings of $22.14 M ($0.33 per basic share) for Fiscal 2025 versus a $(21.27) M loss in FY 2024.
  • The company secured $140.3 M of CMCM‑sponsored financing, business loans and private‑equity investments and completed a divestiture generating >$35.4 M gross proceeds.
  • Major construction milestones were achieved (GEC® Oakridge at Level 7; rezoning approvals for GEC® Langara and Education Mega Center® Surrey) with further development slated for 2026‑27.

Key Details

  • Financial Highlights (all figures in $ thousands CAD):
  • Revenues: $29,037 vs $35,235 FY 2024.
  • Net income: $3,997 (equivalent to $22.14 M attributable to shareholders).
  • Comprehensive income attributable to shareholders: $22,141 vs $1,099 FY 2024.

  • Basic EPS: $0.33 vs $0.02 FY 2024; Diluted EPS: $0.29 vs $0.02 FY 2024.

  • Divestiture: Completed sale of an educational investment, generating gross proceeds exceeding $35.4 M and delivering a high multiple of EBITDA.

  • Financing & Recapitalization: Secured aggregate $140.3 M comprising CMHC‑sponsored financing, business loans and private‑equity injections; proceeds used to reduce debt, fund construction progress and support pipeline development.

  • Construction Progress – GEC® Oakridge: Currently at Level 7, on schedule and on budget; full completion targeted for early 2027.

  • Development Milestones:

  • GEC® Langara: Conditional rezoning approved; design upgraded from 10‑storey to 26‑storey plan; construction slated to start mid‑2026.

  • Education Mega Center® (Surrey): Final rezoning and Development Permit approvals obtained; in excavation permit phase with groundbreaking expected early 2026.

  • Operational Performance: Near‑full capacity achieved across all GEC®‑operated properties as of September 1, 2025; gross rental income and rent per square foot increased year‑over‑year.

  • Legal Update: BC Court of Appeal partially upheld GECC subsidiary’s appeal concerning a $60 M investment; proceedings ongoing.

Notable Quotes

“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… we were successful on many fronts, delivering exceptional value to our shareholders.” – Toby Chu, Chairman, President & CEO

All non‑material boilerplate, forward‑looking statements and company background have been omitted for brevity.

Read the original news release →

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