sur The Western Investment Company Of Canada Limited (CVE:WI)
Western Investment Company Reports Q1 2026 Results and Announces Executive Changes
The Western Investment Company of Canada Limited disclosed its financial results for Q1 2026, marked by the successful sale of its investment in GlassMasters, generating net proceeds of $23.3 million and a gain of $14.4 million. Despite an increased loss from equity-accounted investments, the company reported a net income of $12.5 million, a significant improvement from a net loss of $1.0 million in Q1 2025.
Insurance revenue grew to $9.3 million, driven by longer-term products. Fortress Insurance saw a 33% rise in revenue and improved loss and expense ratios, contributing to a net income of $0.3 million. Meanwhile, Golden Health Care and Foothills Creamery also reported stable or improved EBITDA figures.
The company appointed Mackenzie Clark, Sai Ahmed, and Vic Bertrand to key executive roles, aiming to strengthen growth strategies. Restricted share units were granted accordingly, subject to TSXV approval.
R. H.
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