Overview

* Dominion Lending Q3 revenue grows 20% yr/yr, slightly missing analyst expectations

* Adjusted EBITDA for Q3 rises 16% but misses analyst estimates

* Net income for Q3 increases 70% yr/yr, driven by higher revenue

Outlook

* Dominion Lending Centres ( BRLGF ) maintains a positive outlook for the remainder of 2025

* Company faces tougher comparison quarters in Q4 2025 and Q1 2026

* Company plans to leverage Velocity platform to increase broker market share

Result Drivers

* FUNDED MORTGAGE VOLUMES - 19% increase in funded mortgage volumes driven by broker network growth and productivity, and strength in the mortgage renewal market

* VELOCITY PLATFORM ADOPTION - Broker adoption of Velocity platform increased to 85%, enhancing broker network efficiency

* GENERAL AND ADMINISTRATIVE EXPENSES - 27% increase due to sales conference and higher personnel and IT costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight C$26.38 C$26.40

Revenue Miss* mln mln (3

Analysts

)

Q3 Miss C$14.16 C$14.80

Adjusted mln mln (3

EBITDA Analysts

)

Q3 54.00%

Adjusted

EBITDA

Margin

Q3 C$12.68

Income mln

From

Operatio

ns

Q3 C$12.19

Pretax mln

Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for Dominion Lending Centres Inc ( BRLGF ) is C$11.38, about 8% above its November 5 closing price of C$10.47

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)