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MCAN FINANCIAL GROUP RELEASES Q1 2025 RESULTS AND DECLARES 41 CENTS CASH DIVIDEND

Newswire.ca - Wed May 7, 2025

Steady quarter in uncertain economic environment

TORONTO, May 7, 2025 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX: MKP) reported net income of $16.6 million ($0.43 earnings per share) for the first quarter of 2025, a decrease from net income of $23.2 million ($0.65 earnings per share) in the first quarter of 2024. Results for the first quarter of 2025 were mainly impacted by higher provisions for credit losses due to current economic forecasts and the geopolitical environment.

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