Olympia Financial earns $19.86-million in 2025

Executive Summary

• Olympia Financial Group Inc. released its audited financial results for the fiscal year ended December 31, 2025, reporting a decline in profitability and revenue compared to the prior year.
• Total net earnings decreased 17% to $19.86 million, driven by a significant drop in trust, interest, and other income due to lower interest rates on trust fund placements.
• While total revenue fell 4% to $98.86 million, service revenue grew 5% to $50.00 million, supported by account growth in the IAS division, though this was offset by increased expenses related to AI system upgrades and legal fees.

Key Details

• Net Earnings: Total net earnings and comprehensive income decreased 17% to $19.86 million (from $23.92 million in 2024).
• Revenue Breakdown:
  • Total revenue decreased 4% to $98.86 million (from $102.92 million).
  • Service revenue increased 5% to $50.00 million (from $47.78 million), primarily due to increased monthly and transaction fees from account growth in the IAS division.
  • Trust, interest, and other income decreased 11% to $48.87 million (from $55.14 million), mainly attributed to decreased interest rates on trust fund placements over the previous 12 months.
• Expenses: Total expenses increased 1% to $72.51 million (from $71.94 million). Increases were driven by computer system upgrades utilizing advanced AI and business process automation, as well as higher legal fees. These were partially offset by lower operational wage costs.
• Earnings Per Share: Basic and diluted earnings per share attributable to shareholders decreased 17% to $8.25 per share (from $9.94 per share).
• Financial Statements: Audited financial statements, notes, and management's discussion and analysis are available on SEDAR+.