Highlights 

  • Q3 2025 net loss of CAD 0.2M, compared with net income in 2024. 
  • Wilmington initiates governance changes as part of long-term strategic planning. 
  • Monetization plan continues to streamline operations and return capital to shareholders. 

Wilmington Capital Management Inc. (TSX:WCM.A) reported its financial performance for the three and nine months ended September 30, 2025. The company recorded a net loss of CAD 0.2M, or CAD 0.02 per share for the quarter, versus a net income of CAD 0.06M in the same quarter of 2024. 

For the nine-month period, Wilmington reported a net loss of CAD 0.6M, or CAD 0.05 per share, compared with a net income of CAD 1.2M, or CAD 0.09 per share, during the corresponding period of 2024. 

Total income for Q3 2025, which includes interest, distributions, and other income, amounted to CAD 0.3M, down from CAD 0.6M in Q3 2024. For the nine months ended September 30, 2025, total income reached CAD 0.8M compared with CAD 2.0M a year earlier. 

Quarterly expenses totaled CAD 0.5M, consisting of CAD 0.5M in general and administrative costs, CAD 0.01M inamortization, and CAD 0.001M in finance costs. For the nine-month period, expenses amounted to CAD 1.7M, slightly lower than CAD 1.9M in the previous year. 

After accounting for tax recoveries and other adjustments, the company reported a total comprehensive loss of CAD 0.4M for Q3 2025, compared with a comprehensive income of CAD 0.06M in Q3 2024. For the nine-month period, Wilmington recorded a total comprehensive loss of CAD 0.8M, versus income of CAD 1.2M in the same period last year. 

Leadership and Board Transition 

As part of its ongoing strategic transition, Wilmington announced leadership and governance changes. Effective December 31, 2025, Chris Killi, Joe Killi, and Marc Sardachuk will step down from their positions as Chief Executive Officer, Chairman, and Director, respectively. 

Following their departure, Andrew Cockwell will take on the role of Interim Chairman to oversee the company’s next stage of transition. 

Monetization and Strategic Developments 

In August 2023, Wilmington began executing a monetization plan aimed at realizing value from key investments, distributing proceeds to shareholders, and simplifying its business structure. The Corporation stated that the plan has delivered meaningful progress and continues to align with its long-term objectives of generating shareholder returns. 

Balance Sheet Position 

As of September 30, 2025, Wilmington reported total assets of CAD 36.1M, compared with CAD 38.7M as of December 31, 2024. Cash and cash equivalents totaled CAD 33.9M. Total liabilities were reported at CAD 0.7M, whileshareholders’ equitystood at CAD 35.6M, including a retained deficit of CAD 0.2M.