Medical Facilities Corporation Announces Third Quarter Results

Executive Summary

• Medical Facilities Corporation reported Q3 2025 results, showing a 7.5% increase in facility service revenue to $82.6 M and a 17.1% rise in income from operations to $11.9 M versus the prior year.
• EBITDA grew 10.2% YoY to $15.8 M; net income for the quarter was $12.9 M, while earnings per share (basic) rose 91.3% to $0.44.
• The company returned an additional $5.6 M to shareholders via a normal‑course issuer bid, repurchasing 514,200 common shares during the quarter.

Key Details

• Revenue: Facility service revenue $82.6 M (up 7.5% YoY); total revenue for nine months $244.8 M (up 1.8%).
• Operating Performance: Income from operations $12.2 M (up 17.1% YoY); EBITDA $15.8 M (up 10.2%).
• Share Repurchase: $5.6 M spent to buy back 514,200 common shares under the NCIB.
• Dividends: Quarterly cash dividend of C$0.09 per share (C$0.36 annualized), yielding ~2.55% based on a closing price of C$14.14.
• Net Income: $12.9 M for Q3 2025 (down 7.6% YoY); nine‑month net income $31.5 M (up 51.9%).
• EPS: Basic EPS $0.44 (up 91.3% YoY); fully diluted EPS unchanged at $0.23.
• Cash Position: Cash & cash equivalents $46.8 M; consolidated net working capital $43.0 M as of Sept‑30‑2025, down from $108.5 M and $76.4 M respectively year‑end 2024.
• Non‑IFRS Measures: Distributable cash flow (C$) $4.7 M (down 33.2% YoY); payout ratio increased to 35.2% from 30.1%.
• Conference Call: Management hosted a call on Nov 6, 2025 at 8:30 am ET; webcast archived on the company website.

Notable Quotes

“Our third quarter results reflect the strength and stability of our highly rated, high‑quality surgical facilities,” said Jason Redman, President and CEO.
“Balance sheet remained strong, and we continued to buy back shares under our NCIB.”