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Highlights

  • Crown Capital Partners posted a net loss of CAD 3.5 million in Q2 2025, narrowing from CAD 15.2 million a year earlier.
  • Distribution services revenue rose 15.7% year-over-year to CAD 10.8 million, with capacity utilization increasing to 62%.
  • Network services revenue increased 3.4% to CAD 6.1 million, supported by hardware sales and internet program revenues.

Crown Capital Partners Inc. (TSX: CRWN) announced its financial results for the three months ended June 30, 2025, reporting a reduced net loss alongside revenue growth in certain service segments. The company recorded a net loss of CAD 3.5 million, or CAD 0.62 per basic share, compared to a loss of CAD 15.2 million, or CAD 2.71 per basic share, in Q2 2024.

Adjusted EBITDA for the quarter was CAD 1.3 million, down from CAD 1.9 million in the prior year, reflecting lower earnings across multiple operating segments, partially offset by reduced corporate expenses.

Revenue from distribution services was CAD 10.8 million, up 15.7% from CAD 9.4 million a year earlier, supported by higher capacity utilization of 62% versus 58% in Q2 2024. The segment posted a net loss before income taxes of CAD 0.2 million compared to net income of CAD 0.3 million in the prior year, as increased lease obligation payments weighed on results.

Network services revenue grew 3.4% to CAD 6.1 million, helped by additional hardware sales in Galaxy and modest gains from high-speed internet projects in Alberta and Ontario, partly offset by declines from runoff in WireIE contracts. The segment reported a net loss before income taxes of CAD 0.7 million, compared to CAD 0.4 million last year, with Adjusted EBITDA unchanged at CAD 0.5 million.

Real estate revenue declined 16.6% to CAD 1.0 million due to reduced leasing activity, resulting in a net loss before income taxes of CAD 1.0 million versus net income of CAD 0.3 million last year. Adjusted EBITDA was negative CAD 0.05 million, down from CAD 0.4 million.

Distributed power revenue fell 64.3% to CAD 0.1 million due to weaker Alberta power prices, with a net loss before income taxes of CAD 0.3 million compared to CAD 0.2 million in Q2 2024 and Adjusted EBITDA of negative CAD 0.1 million.

The specialty finance segment posted a net loss before income taxes of CAD 0.01 million, down from CAD 13.6 million last year, reflecting Crown’s share of earnings from Crown Partners Fund.