GECC Reports F2026 Q2 Financial Results

About this update from Global Education Communities Corp

GECC Reports F2026 Q2 Financial ResultsVANCOUVER, BC / ACCESS Newswire / April 14, 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 "Second Quarter Financial Statements") and related Management's Discussion & Analysis (the "MD&A") (collectively, the "Q22026 Financial Report") for the period ended February 28, 2026 ("Q2 2026"). This news release should be read in conjunction with the Q2 2026 Financial Report in its entirety. To review the Q2 2026 Financial Report, please visit GECC's profile at www.sedarplus.ca.The following table presents selected financial data from the Q2 2026 Financial Report with comparisons to the period ended February 28, 2025 ("Q2 2025"). All figures are in thousands of Canadian dollars, except share and per-share data, unless otherwise stated. Six Months EndedFebruary 28, 2026 Six Months EndedFebruary 28, 2025 Change(2)% Total revenues $11,303 $10,509 8%Net income (loss) for the period from continuing operations $1,438 $(6,112) (124)%Net income (loss) attributable to GECC shareholders $1,338 $(1,647) (181)%Net income (loss) per share to shareholders Basic and Diluted $0.02 $(0.02) (180)%Net income (loss) per share to shareholders - continuing operations Basic and Diluted $(0.01) $(0.02) (48)%EBITDA - continuing operations [Non-IFRS] (1) $6,251 $124 4,941%Adjusted EBITDA - continuing operations [Non-IFRS] (1) $4,143 $2,290 81%(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."Our second quarter financial results for fiscal year 2026 were marked by the successful divestiture of the Company's legacy educational assets and a steady increase in student housing revenue," commented Toby Chu, Chairman, President and Chief Executive Officer of GECC. The following is a summary of the Company's financial results for the six months ended February 28, 2026 ("2026 YTD"):2026 YTD Financial Highlights:Rental revenue increased by 12% from $8.608 million to $9.652 million.EBITDA from continuing operations increased by 4,941% from $0.125 million to $6.251 million.Net income was $3.417 million.Earnings per sha...

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