Business
Builders Capital Mortgage Corp. Reports Second Quarter 2025 Results
Total revenues increase 66.5% quarter-on-quarter. Calgary, Alberta--(Newsfile Corp. - August 28,...
About this update from Builders Capital Mortgage Corp. Class A
[{"type":"text","content":"Builders Capital Mortgage Corp. Reports Second Quarter 2025 ResultsTotal revenues increase 66.5% quarter-on-quarter.Calgary, Alberta--(Newsfile Corp. - August 28, 2025) - Builders Capital Mortgage Corp. (TSXV: BCF) (\"Builders Capital\" or \"the Company\") announced today the release of its second quarter financial results for the period ended June 30, 2025.Highlights include:Achieved highest-ever quarterly revenue of $1.94 million, representing a 66.5% increase compared to the same quarter in 2024. Distributed $0.20 per share to our Class A public shareholders, maintaining our consistent track record of meeting our distribution target every quarter since our inception over 11 years ago.Subsequent to the quarter-end, we distributed $0.40 per share to our Class B shareholders based on Q2 2025 earnings. This provided an annualized 16% return on the original $10.00 share issue price. Our mortgage portfolio grew by 56% year-over-year, increasing to $50.2 million reflecting strong demand for construction financing and the successful launch of our participating bond offering. This strategic capital increase has also contributed to improved revenue and turnover.We continue to adopt a conservative lending approach, adjusting loan loss provisions in response to softening market conditions in British Columbia and increasing uncertainty due to factors such as trade tariffs and rising construction costs.The Company's mortgage portfolio turnover rate remained strong at approximately 7 months, exceeding the target of nine months, indicating efficient capital deployment.Earnings per share increased $0.04 from $0.26 in Q2 2024 to $0.30 in Q2 2025.In line with our strategic objectives, we have increased the proportion of our loans in Alberta. As of quarter-end, 78% of our loans are now in Alberta, up from 54% as of June 30, 2024.We achieved an approximate weighted average loan-to-value ratio of 76.2% on our mortgage portfolio, slightly missing our 75% target level.Financial OverviewQuarter ended June 30, 2025$Quarter ended June 30, 2024$Quarter ended June 30, 2023$Quarter ended June 30, 2022$Revenues1,939,6091,163,9351,128,856914,929Total comprehensive earnings956,826830,165833,340694,575Net mortgages receivable, end of period50,182,95431,332,42436,089,26430,803,944Total assets49,088,98832,901,47936,746,41532,055,029Shareholders' equity29,475,06...