GECC Reports Fiscal 2025 Q2 Financial Results

About this update from Global Education Communities Corp

GECC Reports Fiscal 2025 Q2 Financial ResultsVANCOUVER, BC / ACCESS Newswire / April 15, 2025 / Global Education Communities Corp. ("GECC" or the "Company") (TSX:GEC)(OTCQB:GECSF) reports that it has filed on SEDAR+ its fiscal 2025 second quarter financial statements (the "Q2 2025Financial Statements") and related Management's Discussion & Analysis (the "MD&A" and together with the Q2 2025 Financial Statements, the "2025 Q2 Financial Report") for the period ended February 28, 2025 ("Q22025"). This news release should be read in conjunction with the 2025 Q2 Financial Report in its entirety. To review the 2025 Q2 Financial Report, please visit GECC's profile at www.sedarplus.ca.The following table presents selected financial data from the 2025 Q2 Financial Report with comparisons to the fiscal quarter ended February 29, 2024 ("Q22024"). All figures are in thousands of Canadian dollars, except share and per share data, unless otherwise noted. 2025 YTD 2024 YTD % Change(2) Total revenues $34,518 $39,675 (13%)Net income (loss) attributable to GECC shareholders $(1,647) $2,571 (164%)Net income (loss) per share - GECC shareholders Basic and Diluted $(0.02) $0.04 (164%)EBITDA [Non-IFRS] (1) $2,065 $16,651 (88%)Adjusted EBITDA [Non-IFRS] (1) $4,231 $7,134 (41%)Total assets $444,060 $481,555 (8%)Total non-current financial liabilities $104,346 $177,685 (41%)(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.The following table reconciles the Q2 2025 non-IFRS measures to the most directly comparable IFRS measure disclosed in the Q2 2025 Financial Statements, which is net income (loss). 2025 YTD 2024 YTD Net income (loss) (6,217) 6,021 Add: interest expense. 7,371 8,533 Add: income tax (recovery) provision. (650) 356 Add: depreciation and amortization (1) 1,561 1,741 EBITDA [non-IFRS] 2,065 16,651 Add loss /deduct (gain) on net changes in fair value of investment properties. (2) 2,248 757 Deduct gain from the sale of property and equipment. - (10,378)Add loss /deduct (gain) on embedded derivatives, net (3) (82) 104 Adjusted EBITDA [non-IFRS] 4,231 7,134 (1) Includes amortization of agency fees which is a component of educational direct costs.(2) Gain fro...

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