Accord Announces First Quarter Financial Results and Amendment to its Banking Facility and Board Change

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[{"type":"text","content":"Accord Announces First Quarter Financial Results and Amendment to its Banking Facility and Board Change\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignc { margin-left: auto; margin-right: auto }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl10 { padding-left: 50px }\n.bwpadl2 { padding-left: 10px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth18 { width: 18% }\n.bwwidth63 { width: 63% }\n.bwwidth95 { width: 95% }\n \n\n\n\n Accord Financial Corp. (TSX – ACD) today released its financial results for the quarter ended March 31, 2026. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.\n \n\n\n\n\n\n\n SUMMARY OF FINANCIAL RESULTS*\n \n\n\n\n\n\n\n Three Months Ended March 31\n \n\n\n\n\n\n\n\n\n\n\n\n 2026\n \n\n\n\n\n\n\n 2025\n \n\n\n\n\n\n\n\n\n\n\n\n $\n \n\n\n\n\n\n\n $\n \n\n\n\n\n\n\n\n Average funds employed (millions)\n \n\n\n\n\n\n 270\n \n\n\n\n\n\n\n 380\n \n\n\n\n\n\n\n\n Revenue (000s)\n \n\n\n\n\n\n 7,263\n \n\n\n\n\n\n\n 8,390\n \n\n\n\n\n\n\n\n Net loss attributable to shareholders (000s)\n \n\n\n\n\n\n (1,113)\n \n\n\n\n\n\n\n (864)\n \n\n\n\n\n\n\n\n Adjusted net loss (000s) (note)\n \n\n\n\n\n\n (508)\n \n\n\n\n\n\n\n (697)\n \n\n\n\n\n\n\n\n Loss per common share (basic and diluted)\n \n\n\n\n\n\n (0.13)\n \n\n\n\n\n\n\n (0.10)\n \n\n\n\n\n\n\n\n Adjusted loss per common share (basic and diluted)\n \n\n\n\n\n\n (0.06)\n \n\n\n\n\n\n\n (0.08)\n \n\n\n\n\n\n\n\n Book value per share (March 31)\n \n\n\n\n\n\n $ 5.45\n \n\n\n\n\n\n\n $ 9.29\n \n\n\n\n\n\n\n\n\n Note: all figures, except for average funds employed, reflect results of continuing operations\n \n\n\n\n\n\n\n Throughout 2025 and into 2026, Accord has focused on repaying its outstanding debt and simp...

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