GECC Announces Third Quarter 2025 Financial Results

Vancouver's Global Education Communities Corp (GECC) has published its fiscal 2025 third-quarter financial results. The company recorded total revenues of $16,842, reflecting a slight increase from the previous quarter. A significant recovery in net income was reported, moving from a $4,940 loss in the first quarter to a $1,323 profit in the third quarter. Adjusted EBITDA also showed remarkable improvement, reaching $6,805 compared to $1,306 in the first quarter.

GECC's strategic moves have included converting conventional mortgages to CMHC-backed loans and engaging in partnerships in finance and development. The company's GEC® Oakridge project advances within its construction timeline, with possession expected in early 2027. Additionally, GECC has secured a deal to divest an educational asset, anticipated to close soon.

Despite challenges over the past 24 months, GECC focuses on enhancing operational efficiency, reducing expenses, and strengthening its long-term rental income through ongoing projects. With a stable revenue trajectory, GECC anticipates a gradual recovery in international education and benefits from projected declines in interest rates.