First National Financial Corporation Reports Fourth Quarter, Annual 2025 Financial Results

Executive Summary

• First National Financial Corporation reported FY 2025 net income of $126.9 million, while Q4 2025 showed a loss of $34.7 million due to one‑time “go‑private” transaction costs.
• The transaction, closed 22 Oct 2025, generated amortization expenses of approximately $52.1 million in Q4 and additional advisory/structuring charges of about $35.8 million, which together drove the quarterly loss.
• Full financial statements, MD&A and supporting documents are now available on SEDAR+ and the Company’s investor website.

Key Details

• FY 2025 Net Income: $126.9 million.
• Q4 2025 Net Loss: $34.7 million (impacted by transaction‑related amortization and one‑time costs).
• Transaction‑related amortization expense in Q4 2025: ≈ $52.1 million (tangible & intangible asset fair‑value adjustments).
• Advisory, legal and other acquisition‑related expenses incurred in Q4 2025: ≈ $35.8 million.
• The “go‑private” transaction closed on 22 Oct 2025, resulting in:
• Fair‑value adjustment of net tangible assets.
• Creation of new intangible assets whose carrying values exceed the pre‑transaction book equity, now amortized over their useful lives.
• All detailed operating results and MD&A are posted on SEDAR+ (www.sedarplus.com) and the Company’s investor site (www.firstnational.ca).

Notable Quotes

(No direct quotes were provided in the release.)