Wilmington announces results 2024 in the fourth quarter

Calgary, Alberta, March 05, 2025 (Globe Newswire) – Wilmington Capital Management Inc. (TSX: WCM.A, WCM.B) (“Wilmington” or “Corporation”) reported a net loss for three months on December 31, 2024, 2024, $ 0.07). per share, compared to the net loss of $ 0.2 million or (0.02 USD) per share and USD $ 2.3 million and 0.18 per share for the same periods in 2023.

From August 2023, the company took steps to monetize a considerable number of its investments in order to open up the embedded value that was significantly realized to simplify its business and return capital to its shareholders. The company was able to reward the shareholders by paying a dividend and capital yield in May 2024 of $ 2.75 per share.

outlook

As of December 31, 2024, the company had significantly completed the monetization of its investments and had cash of around 36 million US dollars. The company is currently checking a number of alternatives that aim to deliver liquidity to shareholders by scaling its public platform or alternatively in other ways.

Consolidated declarations of income (losses) and comprehensive income (loss)

Get the latest news delivered to your inbox Register for the Manila Times newsletter By registering an E -Mail address, I confirm that I read and agree with the terms of use and data protection regulations. (checked)	Three months ended December 31,				Twelve months ended December 31,
(Thousands of $, except per equity amounts)	2024		2023		2024		2023
revenue
Administrative fee income	221		193		861		833
Distribution income	—		(18	)))	68		1,276
Interest and other income	474		427		1.807		1.793
	695		602		2.736		3.902
Cost
General and administrative	(1,955	)))	(789	)))	(3,842	)))	(2,120	)))
Amortization	(7	)))	(6	)))	(28	)))	(28	)))
Financing costs	(1	)))	(2	)))	(5	)))	(7	)))
Stock -based remuneration	—		(23	)))	(18	)))	(117	)))
	(1,963	)))	(820	)))	(3,893	)))	(2.272	)))
Fair -Value adjustments and other activities
Fair -Value changes in investments	—		397		164		1.577
Profit (loss) by selling investments	—		(52	)))	947		(52	)))
Share of equity exposed to the loss	—		(116	)))	—		(122	)))
	—		229		1.111		1.403
Income (loss) before income taxes	(1.268	)))	11		(46	)))	3.033
Current recovery of income tax (expenses)	47		294		(434	)))	(246	)))
Postponed income tax requirements recovery (expenses)	399		(531	)))	852		(493	)))
Income taxes	446		(237	)))	418		(739	)))
Net income (loss)	(822	)))	(226	)))	372		2.294
Other comprehensive income
Articles that are not transferred to net income (loss):
Fair -Value changes in investments	(60	)))	1.471		(60	)))	783
Related income taxes	37		53		73		36
Other comprehensive income (losses), net of income taxes	(23	)))	1.524		13		819
Comprehensive income (loss)	(845	)))	1,298		385		3.113


Net result (loss) per share – basic	(0.07	)))	(0.02	)))	0.03		0.18
Net result (loss) per share – watered down	(0.07	)))	(0.02	)))	0.03		0.18

Consolidated balance sheets

(checked)	December 31,	December 31,
($ Thousands)	2024	2023

Assets
Non-current assets
Investment in Maple Leaf partnership	—	22.910
Investment in Bay Moorings Partnership	850	—
Investment in the Sunchaser partnership	—	4,700
Investment in energy papers	—	7.584
Country considered development	—	6.632
Published income tax	240	—
Right of way	36	64
	1.126	41,890
Circulation
Checkout	36.307	10.664
Short -term securities	—	17,000
Amounts claims and others	1.253	4.616
Total assets	38,686	74.170

liabilities
Non -flow liabilities
Published income tax liabilities	—	1.773
Lease	52	85
	52	1.858
Current liabilities
Lease	38	38
To pay income taxes	725	171
To pay amounts and others	1.638	800
Total liabilities	2.453	2.867

Equity capital
Equity of shareholders	35,619	51.324
Excess contributed	—	1,132
Profit reserves	418	10.364
Accumulated other comprehensive incomes accumulated	196	8.483
Total value	36.233	71.303
Total liabilities and equity	38,686	74.170

The managers of the company are available at the number 403-705-8038 to answer questions about the company's financial results.

Statement about future -oriented statements and other measurements

Certain statements contained in this document can represent future -oriented explanations or information in accordance with the applicable securities laws. Forward-Looking Statements that Are Predictive in Nature, Depend Upon Or Refer to Future Events Or Conditions, Include Statements Regarding the Operations, Business, Financial Conditions, Expected Financial Results, Performance, Opportunities, Priorities, Ongoing Outlook, Strategies and Outlook of The Outlook Corporation and Its Investee Entities and Contain Words Search as “Anticipate”, “Believe”, “Expect”, “Plan”, “Intend”, “Estimates”, “Propose”, “Or Similar Expression and Statements Relating to Matters That are not historical facts” future Canadian securities laws “.

While the company is of the opinion that the expected future results, performance or successes that are reflected in these future -oriented statements or implied are based on adequate assumptions and expectations, the reader should not inappropriate future statements and information, since they are known and unknown risks, uncertainties and other factors. Results, performance or performance, which are expressed or implied by such future -oriented statements and information.

Factors and risks that can lead to the fact that the actual results differ significantly from those that are viewed or implied by future -oriented statements are, among other things: the ability of the management of Wilmington and its investor companies, to carry out their and their business plans; Availability of equity and external financing and refinancing within the stock and capital markets; Strategic measures including dispositions; Business competition; Delays in business; the risk of performing operations with minimal environmental impacts; Industry conditions, including changes to the laws and regulations, including the acceptance of new environmental laws and regulations as well as changes to the interpretation and enforcement; Operative matters related to investor companies; Wrong reviews of the value of acquisitions; Interest rates fluctuations; Volatility of the stock exchange; General economic, market and terms and conditions; Risks related to existing and potential future legal lawsuits and regulatory measures against Wilmington and its investor companies; Uncertainties related to regulatory approvals; Uncertainty of the government's political changes; Uncertainties connected to loan institutions; Changes to the income tax laws, tax laws; Changes to the accounting guidelines and methods for reporting on financial illnesses (including uncertainties associated with critical assumptions and estimates of accounting); the effect of the application of future accounting changes; And other risks, factors and uncertainties that have been described elsewhere in this document or in Wilmington's other submissions in the Canadian securities regulators.

The above list of important factors that can influence future results is not exhaustive. If you rely on the future -oriented statements, investors and others should carefully take into account the above factors and other uncertainties and potential events. If legally stipulated by law, the company assumes no obligation to publicly update or revise future statements or information that may be due to new information, future events or in any other way. These future -oriented statements are only effective at the time of this document.

Wilmington announces results 2024 in the fourth quarter

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