Bridgemarq Real Estate Services(TM) Reports Annual Financial Results and Declares Monthly Dividend

Executive Summary

• Bridgemarq reported FY 2025 revenue of $407.4 M (↑ 16% YoY) and a net profit of $7.3 M, reversing a $10.3 M loss in 2024.
• Free cash flow for the year was $10.6 M; the Board declared a quarterly cash dividend of $0.1125 per restricted voting share payable 30 Apr 2026.
• The company secured an extension of its credit facilities to 31 Dec 2031 and highlighted modest network growth (+2% agents) despite a contracting Canadian real‑estate market.

Key Details

• Revenue: $407.4 M in FY 2025 vs. $350.7 M in FY 2024 (incl. acquired businesses from Apr 2024).
• Net Earnings: $7.3 M ($0.44 per diluted share) vs. a loss of $10.3 M ($‑1.09 per share) in 2024.
• Free Cash Flow: $10.6 M for FY 2025 (down from $16.8 M in 2024). Q4 2025 FCF = $1.4 M vs. $1.8 M YoY.
• Adjusted Net Earnings: $5.0 M in 2025 vs. $7.3 M in 2024; Q4 2025 adjusted loss of $1.2 M vs. $0.4 M loss YoY.
• Dividend: $0.1125 per restricted voting share, payable 30 Apr 2026 to shareholders of record 31 Mar 2026. Total dividends paid in 2025 = $1.35 per share (same as 2024).
• Credit Facility Extension: Agreement reached to extend maturity to 31 Dec 2031.
• Network Growth: +470 net real‑estate professionals (+2%); total franchise network 20,757 REALTORS® across 286 agreements and 727 locations; 32 corporately owned brokerages with 2,413 sales reps.
• Market Context: Canadian residential market down 16% Q4 2025 YoY, 6% full‑year; unit sales fell 13% Q4; average price down 4% YoY.
• Conference Call: Scheduled for 13 Mar 2026, 10:00 a.m. ET (dial‑in numbers provided).

Notable Quotes

“Our performance this year underscores the enduring strength of our brands and franchise networks… Bridgemarq continued to grow its agent count,” – Spencer Enright, CEO.

Materiality Assessment: Material – Positive (significant reversal to profitability, dividend declaration, and credit facility extension).