GECC Reports F2026 Q1 Financial Results

About this update from Global Education Communities Corp

GECC Reports F2026 Q1 Financial ResultsVANCOUVER, BC / ACCESS Newswire / January 13, 2026 / Global Education Communities Corp. ("GECC" or the "Company") (TSX:GEC)(OTCQB:GECSF) reports that it has filed on SEDAR+ its interim consolidated financial statements (the "First Quarter Financial Statements") and related Management's Discussion & Analysis (the "MD&A") (collectively, the "Q12026 Financial Report") for the first quarter ended November 30, 2025 ("Q1 2026"). This news release should be read in conjunction with the Q1 2026 Financial Report in its entirety. To review the Q1 2026 Financial Report, please visit GECC's profile at www.sedarplus.ca.The following table presents selected financial data from the Q1 2026 Financial Report with comparisons to the period ended November 30, 2024 ("Q1 2025"). All figures are in thousands of Canadian dollars, except share and per share data, unless otherwise stated. Q1 2026 Q1 2025 % Change(2) Total revenues $7,616 $7,495 2%Net income (loss) for the year from continuing operations $745 $(5,144) 114%Net loss attributable to GECC shareholders $(54) $(2,159) 97%Net loss per share to shareholders Basic $(0.00) $(0.03) 97%Diluted $(0.00) $(0.03) 97%Net loss per share to shareholders - continuing operations Basic $(0.00) $(0.03) 97%Diluted $(0.00) $(0.03) 97%EBITDA - continuing operations [Non-IFRS] (1) $3,259 $(2,413) 235%Adjusted EBITDA - continuing operations [Non-IFRS] (1) $2,529 $282 797%Total assets $377,666 $442,957 (15)%Total non-current financial liabilities $163,985 $110,964 (48)%(1) See the section titled "Non-IFRS Financial Measures" for more information on each non-IFRS specified financial measure.(2) Percentage change amounts reflect the relative change in the individual balance with the impact (negative or positive) on net income."GECC's Q1 2026 financial results represent our first quarterly report since divesting of a marjor part of our educational division to focus on student housing," said Toby Chu, Chairman, President, and CEO. "These results demonstrate a disciplined commitment to scaling our student housing portfolio. Some of the several tangible milestones reached are as follows:GEC® Oakridge: Construction has reached the 12th floor as of January 13, 2026. The 18-story project remains on time and on budget. It is situated across from the Oakridge Shopping Centre, the largest urban redevelo...

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