Business
GECC Reports Financial Results for Fiscal Year Ended August 31, 2025
VANCOUVER, BC / ACCESS Newswire / December 3, 2025 / Global Education Communities Corp. (" GEC...
About this update from Global Education Communities Corp
[{"type":"text","content":"GECC Reports Financial Results for Fiscal Year Ended August 31, 2025VANCOUVER, BC / ACCESS Newswire / December 3, 2025 / Global Education Communities Corp. (\"GECC\" or the \"Company\") (TSX:GEC)(OTCQX:GECSF) reports that it has filed on SEDAR+ its audited annual consolidated financial statements (the \"Annual Financial Statements\") and related Management's Discussion & Analysis (the \"MD&A\") (collectively, the \"2025 Financial Report\") for the fiscal year ended August 31, 2025 (\"Fiscal 2025\"). This news release should be read in conjunction with the 2025 Financial Report in its entirety. To review the 2025 Financial Report, please visit GECC's profile at www.sedarplus.ca.The following table presents selected financial data from the 2025 Financial Report with comparisons to the fiscal year ended August 31, 2024 (\"Fiscal 2024\"). All figures are in thousands of Canadian dollars, except share and per share data, unless otherwise stated. August 31, 2025 August 31, 2024 REVENUES1 $29,037 $35,235 NET INCOME (LOSS) $3,997 $(21,273)Total comprehensive income attributable to: Global Education Communities Corp. shareholders $22,141 $1,099 Non-controlling interests $(18,144) $(22,367)Total comprehensive income (loss) $3,997 $(21,268)Net income (loss) per share attributable to shareholders of GECC Basic2 $0.33 $0.02 Diluted2 $0.29 $0.02 1. Revenues from continuing operations.2. Earnings per share is calculated based on total comprehensive income attributable to shareholders, divided by the weighted average number of shares outstanding.\"We are pleased with GECC's performance in Fiscal Year 2025, achieving net earnings of $22.14 million, or $0.33 per basic share for GECC shareholders. While 2025 was a challenging year across many sectors-impacted by government restrictions on international study permits, a US-Canada tariff dispute, and broader geopolitical instability-we were successful on many fronts, delivering exceptional value to our shareholders.\"Key 2025 Achievements and Milestones:Divestiture Success: We divested one of our educational investments, generating gross proceeds exceeding $35.4 million and realizing a high multiple of EBITDA.Strategic Partnerships: We established two significant institutional partnerships with Pomerleau Capital of Quebec and Pure Group of Companies of BC, strengthening our development pipel...