Highlights 

  • Q3 2025 net loss of CAD 0.3M, improving from CAD 2.7M in Q3 2024. 
  • Adjusted EBITDA increases to CAD 3.9M, supported by Network and Distribution Services. 
  • The company shifts financial year-end from December 31 to March 31. 

Crown Capital Partners Inc. (TSX:CRWN) released its financial results for the three and nine months ended September 30, 2025. The company reported a net loss of CAD 0.3M for the quarter, compared with a net loss of CAD 2.7M in the same period of 2024. 

Adjusted EBITDA rose to CAD 3.9M from CAD 0.9M a year earlier, reflecting stronger performance across the Network Services, Distribution Services, Distributed Power, and Real Estate segments. 

Total quarterly revenue was CAD 23.4M, up from CAD 17.9M in Q3 2024, mainly due to higher contributions from the Network and Distribution Services segments. 

Segment Results 

Distribution Services: 
Revenue in this segment increased 25% year-over-year to CAD 11.4M from CAD 9.1M. It reported net income before income taxes of CAD 0.9M, compared with a net loss of CAD 0.1M in Q3 2024. Adjusted EBITDA improved to CAD 0.9M from CAD 0.6M, primarily reflecting a more favorable customer mix and higher warehouse utilization rates. 

Network Services: 
Revenue grew 45% to CAD 10.1M from CAD 7.0M, driven by additional hardware sales in Galaxy and higher revenues from Community Network Partners related to broadband projects in Alberta and Ontario. The segment reported net income before income taxes of CAD 1.9M, compared with a net loss of CAD 0.5M in the prior year quarter. Adjusted EBITDA rose to CAD 3.0M from CAD 0.4M. 

Real Estate: 
Revenue totaled CAD 1.2M, up 11% from the same quarter last year. The segment posted a net loss before income taxes of CAD 0.3M and Adjusted EBITDA of CAD 0.2M. 

The Specialty Finance and Distributed Power segments contributed minimally to quarterly performance. 

Total equity declined to CAD 3.5M from CAD 8.6M at the end of 2024, largely reflecting a year-to-date net loss of CAD 5.6M. Equity per share decreased to CAD 0.58 from CAD 1.53. 

Change in Financial Year-End 

Crown Capital announced it will change its financial year-end from December 31 to March 31 to align with audit scheduling and enhance operational efficiency. The transition year ending March 31, 2026, will span five calendar quarters. 

About Crown Capital Partners Inc. 

Founded in 2000, Crown Capital Partners Inc. is a Canadian investment company that provides financing solutions to businesses in the telecommunications infrastructure, distribution services, and distributed power sectors. The company operates as both a direct investor in operating businesses and a manager of investment funds for institutional clients.