Atrium Mortgage Investment Corporation Reports Strong 2025 Annual Results, Declares $0.10 Special Dividend for 2025 and Announces Dividends for the Second Quarter of 2026

Executive Summary

• Atrium Mortgage Investment Corp. reported FY 2025 net income of $49.1 M (up 2.5% YoY) and basic/diluted EPS of $1.03, despite a 12.5% revenue decline.
• The Board declared a special dividend of $0.10 per share, bringing total annual cash distribution to $1.03 per share; quarterly dividends for Q2 2026 were also announced ($0.0775 per month).
• Mortgage portfolio grew 3.4% to $917.1 M with strong credit quality (95.2% first‑mortgages, average LTV 61.4%, weighted avg. interest rate 8.98%).

Key Details

• Net Income: $49.1 M (2025) vs. $47.9 M (2024).
• EPS: Basic & diluted $1.03 per share (2025); down from $1.06/ $1.05 in 2024.
• Special Dividend: $0.10 per share, payable March 25 2026; total annual dividend $1.03 per share.
• Mortgage Portfolio: $917.1 M (326 mortgages) – 71.3% residential, 28.7% commercial; 86.6% located in GTA.
• Credit Quality: 95.2% first‑mortgages; 90.7% of portfolio <75% LTV; average LTV 61.4%; allowance for mortgage losses $30.5 M (3.32% of gross portfolio).
• Interest Rate: Weighted average 8.98% (down from 9.98% in 2024).
• Loan Activity: $358.6 M principal advanced; $316.7 M repaid/transferred during FY 2025.
• Assets & Equity: Total assets $893.6 M; shareholders’ equity $525.1 M; book value per share $10.96.
• Financing Facility Expansion (Oct 2025): Credit facility increased by $40 M to $380 M with ATB Financial added to syndicate.
• Auditor Change: PricewaterhouseCoopers LLP appointed as new auditor effective FY 2025.
• Quarterly Dividend Schedule (Q2 2026):
• April dividend – record date Apr 30, payable May 13 ($0.0775/share)
• May dividend – record date May 29, payable Jun 12 ($0.0775/share)
• June dividend – record date Jun 30, payable Jul 10 ($0.0775/share)

Notable Quotes

• “Atrium delivered strong net income and earnings per share in 2025 despite the challenging lending environment… We continue to have the support of our lenders and expanded our credit facility by $40 M… Our ample funding sources are secure and give us the opportunity to grow the portfolio without any funding constraints.” – Rob Goodall, CEO

Materiality Assessment: Material – Positive** (the release contains full-year financial results, earnings per share, dividend declarations, and significant portfolio metrics that are material to investors.)