Earnings release
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ECN CAPITAL News Release FOR IMMEDIATE RELEASE ECN Capital Reports US $ 20.7 million in Adjusted Net Income Applicable to Common Shareholders in Q2 2026 Toronto , Canada - August 17 , 2026 - ECN Capital Corp. ( " ECN Capital " or the " Company " ) today reported financial results for the three - month period ended June 30 , 2026 For the three - month period ended June 30 , 2026 , ECN Capital reported Adjusted net income applicable to common shareholders of $ 20.7 million versus $ 10.0 million for the previous three - month period and $ 10.0 million for the prior year comparable period . Net loss attributable to common shareholders for the three - month period ended June 30 , 2026 was $ 23.9 million versus $ 0.9 million for the previous three - month period and $ 0.3 million for the prior year comparable period . Non - IFRS Measures The Company's interim unaudited consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ( " IFRS " ) as issued by the International Accounting Standards Board and the accounting policies we adopted in accordance with IFRS . The Company believes that certain Non - IFRS Measures can be useful to investors because they provide a means by which investors can evaluate the Company's underlying key drivers and operating performance of the business , exclusive of certain adjustments and activities that investors may consider to be unrelated to the underlying economic performance of the business of a given period . In this news release , management refers to Adjusted net income applicable to common shareholders , which does not have a standardized meaning under IFRS and is unlikely to be comparable to similar measures presented by other organizations . A full description of these measures , along with a reconciliation to the most directly comparable IFRS measure , where applicable , can be found in the Management Discussion & Analysis ( " MD & A " ) that accompanies ECN Capital's financial statements for the three - month period ended June 30 , 2026 . ECN Capital's MD & A for the three - month period ended June 30 , 2026 has been filed on SEDAR + ( www.sedarplus.com ) and is available under the investor section of the Company's website ( www.ecncapitalcorp.com ) . About ECN Capital Corp. ECN Capital is a leading provider of business services to North American - based institutional investor , insurance company , pension plan , bank and credit union partners ( collectively , its " Partners " ) . ECN Capital originates , manages and advises on credit assets on behalf of its Partners , specifically consumer manufactured housing loans and commercial ( floorplan and rental ) loans . Our Partners are seeking high quality assets to match with their deposits , term insurance or other liabilities . These services are offered through the Manufactured Housing Finance operating segment . The Company is headquartered in South Florida with the registered office located at c / o The Corporation Trust Company , 1209 Orange Street , Page 1 of 2