sur The Western Investment Company Of Canada Limited (CVE:WI)
Western Investment Company Reports 2025 Financial Results
The Western Investment Company of Canada Limited disclosed its 2025 financial outcomes, highlighting a notable rise in Fortress Insurance's Gross Written Premiums by 42% to $64.4 million. This growth was attributed to scaling existing operations and adding new products. However, Western reported a net loss of $0.6 million, whereas 2024 had seen a net income of $1.3 million, aided by a one-time gain from acquiring Fortress Insurance.
Equity income doubled, reaching $1.5 million, propelled by investments in GlassMasters and Golden Healthcare. Notably, Western sold its stake in GlassMasters for $23.2 million early in 2026. Despite a modest EBITDA boost at Foothills Creamery due to strategic retail expansions and cost efficiencies, the corporation faced challenges in overall profitability.
Golden Healthcare saw an 8% revenue increase, maintaining strong occupancy. The company is in discussions with the provincial government over potential collaborations. Western continues to focus on insurance business ownership and centralized investment management.
R. H.
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