Overview

* Dominion Lending Centres ( BRLGF ) Q2 revenue grows 31%, beating analyst expectations

* Adjusted EBITDA for Q2 rises 48%, exceeding analyst estimates

* Co increased quarterly dividend by 33% and launched Heartwood Financial Group

Outlook

* DLC expects positive revenue and earnings growth in 2025

Result Drivers

* FUNDED MORTGAGE VOLUMES - 25% increase in funded mortgage volumes contributed to revenue growth

* VELOCITY PLATFORM - Adoption of Velocity platform expanded to 82%, boosting broker productivity

* MORTGAGE RENEWAL MARKET - Strong Canadian residential mortgage renewal market supported revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$24.61 C$22.70

Revenue mln mln (3

Analysts

)

Q2 Beat C$12.64 C$11.40

Adjusted mln mln (3

EBITDA Analysts

)

Q2 51.0%

Adjusted

EBITDA

Margin

Q2 C$11.04

Income mln

From

Operatio

ns

Q2 C$10.51

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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$11.00, about 19.1% above its August 6 closing price of C$8.90

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(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.)