DLC Group Announces Strong Q2 Results with 31% Increase in Revenue and Doubling of Adjusted Earnings per Share

About this update from Dominion Lending Centres, Inc. (canada) Class A

[{"type":"text","content":"DLC Group Announces Strong Q2 Results with 31% Increase in Revenue and Doubling of Adjusted Earnings per ShareVancouver, British Columbia--(Newsfile Corp. - August 7, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) (\"DLC Group\" or the \"Corporation\") today announced financial results for the three and six months ended June 30, 2025. DLC Group is one of Canada's leading franchisors of mortgage professionals, with a national network of over 8,900 agents. The Corporation also owns Newton Connectivity Systems Inc., a financial technology company that provides an integrated end-to-end operating platform, called Velocity, designed to automate and streamline the entire mortgage application, approval, underwriting and funding process. Financial Highlights for Q2 2025:Funded mortgage volumes (\"FMV\") grew 25% to $21.1 billion over Q2 2024;Revenue of $24.6 million increased 31%, compared to $18.8 million in the second quarter of 2024; Adjusted EBITDA rose 48% to $12.6 million and EBITDA margins expanded to 51% from 45% in Q2 2024;Net income increased 89% to $7.7 million in Q2 2025 from $4.1 million in Q2 2024; Adjusted net income per common share doubled to $0.10 in Q2 2025 from $0.05 last year; Adoption of Velocity across the DLC Group broker network continued to expand, increasing to 82% from 72% in Q2 2024; andIncreased the quarterly dividend by 33% to $0.04 per share or $0.16 annualized from $0.12 previously. \"We are pleased to report another strong quarter as we remain focused on executing our proven growth strategy. Despite ongoing softness in the housing market, the Canadian residential mortgage origination market has been strong to date in 2025 on the back of a strong renewal market and the decline in interest rates earlier this year,\" commented Gary Mauris, Chairman and CEO of DLC Group. \"The strong market, coupled with continued growth in our broker network and expansion of Velocity adoption, enabled the Corporation to generate 31% revenue growth, 48% EBITDA growth and a doubling of our adjusted earnings per share.\" \"In addition to the strong financial results, a highlight of the quarter was the launch of Heartwood Financial Group, in which the Corporation owns a 40% equity interest. Heartwood operates independently from the DLC Group and was founded by an experienced management team to fill an underserved segment of ...

More updates from Dominion Lending Centres, Inc. (canada) Class A