Olympia Financial Group Inc. Announces Third Quarter 2026 Results
Key Highlights
- ➤Net earnings fell 17% to $13.43 million for nine months ended September 30, 2026
- ➤Revenue declined 9% to $64.16 million, driven by lower trust and interest income
- ➤Service revenue rose 2% to $34.04 million on higher monthly and transaction fees
- ➤Raisr asset sale drove other gains to $3.99 million from a $0.01 million loss
- ➤Earnings per share decreased 17% to $5.58 from $6.70
Calgary, Alberta--(Newsfile Corp. - November 13, 2026) - Olympia Financial Group Inc. (TSX: OLY) ("Olympia") today announces its operating and financial results for the period ended September 30, 2026.
Results from continuing operations for the nine months ended September 30, 2026, include the following (compared to operations for the nine months ended September 30, 2025): * Total net earnings and comprehensive income decreased 17% to $13.43 million from $16.13 million. * Total revenue decreased 9% to $64.16 million from $70.70 million. * Service revenue increased 2% to $34.04 million from $33.41 million mainly due to an increase in monthly and transaction fees. * Trust, interest, and other income decreased 19% to $30.12 million from $37.29 million mainly due to a decrease in interest rates on funds held in trust. * Other gains/(losses), net, increased more than 100% to $3.99 million from ($0.01) million mainly due to the sale of substantially all of the assets of the Raisr division. * Total expenses increased 2% to $50.10 million from $49.29 million primarily as a result of increased wages from the expansion of the strategy, governance, risk, and compliance departments. The increase can also be attributed to higher costs related to the new lease of the Calgary head office. * Earnings before income tax decreased 16% to $18.05 million from $21.40 million. * Basic and diluted earnings per share attributable to the shareholders of Olympia decreased 17% to $5.58 per share from $6.70 per share. The unaudited condensed interim financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR (www.sedarplus.ca). Both historical and current information on Olympia's stock, financials, press releases, governance, and more can now be found at ir.olympiafinancial.com.
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