Olympia Financial Group Inc. Announces First Quarter 2025 Results

About this update from Olympia Financial Group Inc.

[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - May 8, 2025) - Olympia Financial Group Inc. (TSX: OLY) ("Olympia") today announces its operating and financial results for the period ended March 31, 2025.","length":201,"tagName":"p"},{"type":"text","content":"Results from operations for the three months ended March 31, 2025, include the following (compared to operations for the three months ended March 31, 2024):","length":156,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total net earnings and comprehensive income decreased 6% to $5.40 million from $5.74 million.","length":93,"tagName":"p"}]},{"val":[{"type":"text","content":"Total revenue decreased by less than 1% to $25.39 million from $25.46 million.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Service revenue increased 1% to $12.04 million from $11.87 million mainly due to an increase in monthly and transaction fees related to a growing client base.","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"Trust, interest, and other income decreased 2% to $13.35 million from $13.59 million mainly due to a decrease in interest rates on trust fund placements made over the previous 12 months.","length":186,"tagName":"p"}]},{"val":[{"type":"text","content":"Direct and administrative expenses (excluding depreciation and amortization) increased 1% to $17.17 million from $16.99 million mainly due to an increase in computer support and maintenance expenses within general administrative expenses.","length":238,"tagName":"p"}]},{"val":[{"type":"text","content":"Basic and diluted earnings per share attributable to shareholders of Olympia decreased 6% to $2.24 per share from $2.39 per share.","length":130,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":883,"olType":false},{"type":"text","content":"The unaudited condensed interim financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR (www.sedarplus.ca). Both historical and current information on Olympia's stock, financials, press releases, governance, and more can now be found at ir.olympiafinancial.com.","length":321,"tagName":"p"},{"type":"text","content":"About Olympia Financial Group Inc.","length":34,"tagName":"p"},{"type":"text","content":"Olympia conducts most of its operations through its subsidiary Olympi...

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