Northwire Canada EditionSunday, July 12, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Earnings

Wilmington Capital Management Inc. Reports Third Quarter and Year to Date 2025 Results

By The Northwire Desk — AI Analysis Nov 12, 2025 · 18:15 WCM · 2.5 None
WCM · Price

Executive Summary

  • Wilmington Capital Management Inc. reported Q3 2025 net loss of $0.2 M ($0.02 per share) and YTD 2025 net loss of $0.6 M ($0.05 per share), a deterioration from the prior year’s profit.
  • Effective December 31 2025, CEO Chris Killi, Chairman Joe Killi, and director Marc Sardachuk will step down; Andrew Cockwell will serve as interim Chairman.
  • The company provided unaudited condensed consolidated financial statements for the three‑month and nine‑month periods ended September 30 2025.

Key Details

  • Financial Performance (Three months ended Sep 30 2025):
  • Net loss: $0.2 M ($0.02 per share).
  • Management fee revenue: $0 (versus $240 k in 2024).
  • Interest, distributions & other income: $268 k (down from $315 k YoY).

  • Total expenses: $514 k (down from $448 k YoY), driven by G&A ($506 k) and amortization ($7 k).

  • Financial Performance (Nine months ended Sep 30 2025):

  • Net loss: $0.6 M ($0.05 per share).
  • Management fee revenue: $640 k (down from $0 in Q3 2025).
  • Interest, distributions & other income: $824 k (down from $1,401 k YoY).

  • Total expenses: $1,650 k (down from $1,887 k YoY).

  • Comprehensive Income:

  • Net loss before tax: $(246 k) vs. $77 k profit in Q3 2024.
  • Current income tax recovery: $61 k (vs. expense of $20 k YoY).

  • Total comprehensive loss: $(375 k) vs. $57 k gain in Q3 2024.

  • Balance Sheet Highlights (Sep 30 2025):

  • Cash balance: $33,896 k (slightly lower than $36,307 k at year‑end 2024).
  • Total assets: $36,108 k vs. $38,686 k a month earlier.

  • Shareholders’ equity: $35,417 k (down from $36,233 k).

  • Management & Board Changes:

  • Chris Killi – stepping down as CEO effective Dec 31 2025.
  • Joe Killi – stepping down as Chairman effective Dec 31 2025.
  • Marc Sardachuk – stepping down as director effective Dec 31 2025.

  • Andrew Cockwell – appointed interim Chairman to guide the company forward.

  • Forward‑Looking Statements: The release contains extensive cautionary language regarding risks and uncertainties that could affect future results, including financing availability, strategic dispositions, regulatory changes, and market conditions.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from None

May 06, 2026 · 19:45

Wilmington Capital Reports Paper Profit While Cash Burn Accelerates Under New Leadership

Earnings Mar 05, 2026 · 17:57

Wilmington Capital Management Inc. Reports Fourth Quarter and Year 2025 Results

Earnings Dec 29, 2025 · 16:11

Wilmington investor Sisu acquires shares from 2361380

Other Dec 29, 2025 · 08:49

SISU INVESTMENT CORPORATION PURCHASES SHARES OF WILMINGTON CAPITAL MANAGEMENT INC. FROM 2361380 ONTARIO LIMITED

M&A / Property Nov 12, 2025 · 17:34

SEDAR Interim Financial Statements

None Oct 07, 2025 · 23:33

Wilmington Capital investor Sisu acquires shares

Other