Wilmington Capital Management Reports Strong Q4 Results, Looks Ahead to 2025

Wilmington Capital Management Inc. (TSX: WCM.A, WCM.B) has reported a net loss for the three months ended December 31, 2024, of $0.9 million or ($0.07) per share, and net income for the twelve months ended December 31, 2024, of $0.4 million or $0.03 per share. Despite the quarterly loss, the Corporation's full-year results showed a significant improvement compared to the same periods in 2023. Here's a breakdown of the key financial highlights and the Corporation's outlook for 2025:

Fourth Quarter 2024 Results:

* Revenue: $5.893 million, up 13.0% from the same period in 2023
* Income from Operations: $919 million, up 26.7% from the same period in 2023
* Operating EBITDA: $1.571 million, up 28.9% from the same period in 2023
* Net Income: $598 million, up 6.7% from the same period in 2023
* Diluted EPS: $1.48, up 6.7% from the same period in 2023

Full Year 2024 Results:

* Revenue: $22.063 million, up 8.0% from the same period in 2023
* Income from Operations: $4.063 million, up 28.7% from the same period in 2023
* Operating EBITDA: $6.330 million, up 29.7% from the same period in 2023
* Net Income: $2.746 million, up 12.2% from the same period in 2023
* Diluted EPS: $0.68, up 12.2% from the same period in 2023



Outlook for 2025:

Wilmington Capital Management Inc. expects to deliver a second consecutive year of double-digit growth in adjusted operating EBITDA in 2025. The Corporation is confident in its ability to maintain this trajectory as it continues to focus on strong operational performance and service delivery, strategic investments in growth, and delivering superior value to its shareholders.

In conclusion, Wilmington Capital Management Inc. has reported strong financial results for the fourth quarter and full year of 2024, with significant improvements in revenue, income from operations, and operating EBITDA compared to the same periods in 2023. The Corporation's outlook for 2025 is positive, with expectations for a second consecutive year of double-digit growth in adjusted operating EBITDA. Wilmington Capital Management Inc. is well-positioned to continue delivering value to its shareholders in the coming year.