Montfort Capital Announces Third Quarter 2025 Financial Results

Executive Summary

• Montfort Capital Corp. reported nine‑month financial results ending September 30, 2025, showing a modest decline in revenue and expenses versus the prior year.
• Net loss from continuing operations was C$4.5 million (‑C$0.05 per share); discontinued operations generated a net gain of C$4.9 million (C$0.05 per share) after disposal of Brightpath.
• The company disclosed that CFO Sam Hall has departed and that Catapult Consulting Group will manage financial reporting while a replacement CFO is sought.

Key Details

• Revenue: C$3,158,644 for nine months ended Sep 30 2025 vs. C$3,423,761 in 2024 (‑8%).
• Expenses: C$7,750,396 vs. C$7,790,750 in 2024 (‑1%).
• Net loss – Continuing Operations: C$4,495,307 (‑C$0.05 per share) vs. C$4,427,324 (‑C$0.05) prior year.
• Net income – Discontinued Operations: C$4,924,152 (C$0.05 per share) vs. a loss of C$3,287,371 (‑C$0.03) in 2024, driven by an $8.7 M gain on the Brightpath disposal offset by prior operating losses.
• Loans receivable – net of allowance: C$247,215,428 as of Sep 30 2025 vs. C$189,538,678 at Dec 31 2024, reflecting growth across Langhaus, Nuvo, and Pivot divisions.
• Expense drivers: $2.5 M increase in expected credit losses offset by $2.4 M reduction in overhead from staffing cuts and efficiency measures.
• Management change: CFO Sam Hall resigned; Catapult Consulting Group engaged to handle reporting and accounting; new CFO to be appointed soon.

Notable Quotes

“The impact of our restructuring efforts… is now showing in our financial results,” – Ken Thomson, CEO.
“We will continue to focus on controlled growth, stability and liquidity.” – Ken Thomson, CEO.