Crown Capital Partners Announces Q3 2025 Financial Results and Change in Financial Year-End

Executive Summary

• Crown Capital Partners reported Q3 2025 net loss of $0.3 M (‑$0.05 per basic share), an improvement from a $2.7 M loss in Q3 2024.
• Adjusted EBITDA rose to $3.9 M for the quarter, up from $0.9 M a year earlier, driven by stronger performance in Distribution Services and Network Services segments.
• The company announced a change of its fiscal year‑end from December 31 to March 31, with the first transition period ending March 31 2026; KPMG LLP resigned as auditor effective October 14 2025.

Key Details

• Q3 2025 Financial Highlights
• Revenue: $23.4 M (up from $17.9 M YoY).
• Net loss to shareholders: $(0.3) M, or $(0.05) per basic share.
• Adjusted EBITDAi: $3.9 M (vs. $0.9 M in Q3 2024).
• Segment Performance
• Distribution Services revenue $11.4 M (+25% YoY); net income before tax $0.9 M; Adjusted EBITDA $0.9 M.
• Network Services revenue $10.1 M (+45% YoY); net income before tax $1.9 M; Adjusted EBITDA $3.0 M.
• Real Estate revenue $1.2 M (+11% YoY); net loss before tax $(0.3) M; Adjusted EBITDA $0.2 M.
• Balance Sheet
• Total equity at quarter‑end: $3.5 M (down from $8.6 M end‑2024).
• Equity per basic share: $0.58 (down from $1.53).
• Change of Fiscal Year-End
• New fiscal year‑end: March 31, 2026; transition year will contain five calendar quarters.
• Rationale: improve financial/operational efficiencies and align with audit service availability.
• Auditor Update
• KPMG LLP resigned effective October 14 2025; a new auditor is under review.
• Nine‑Month Summary (ended Sep 30 2025)
• Total revenue $62.9 M vs. $52.97 M in 2024.
• Adjusted EBITDAi $6.9 M vs. $3.92 M in 2024.
• Quarterly Reconciliations – detailed tables of income before tax, depreciation & amortization, finance costs, lease payments, share‑based compensation, impairments, and other adjustments provided for Q3 2025, Q3 2024, and prior periods.

Notable Quotes

(No direct quotes were included in the release.)