Latest news with #GordonReykdal
Yahoo
11-07-2025
- Business
- Yahoo
Everyday People Financial Corp. Completes Strategic Transition to Fee-for-Service Model with Sale of Legacy Home Inventory
Edmonton, Alberta--(Newsfile Corp. - July 11, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a technology-driven financial services provider, headquartered in Edmonton, Alberta, is pleased to announce the successful sale of its remaining EP Homes inventory to EAM Enterprises Inc. ("EAM") on June 30, 2025, completing its multi-year strategy to exit non-core operations and fully transition to a fee-for-service business model. Under the terms of the transaction, EAM acquired the Company's outstanding home inventory for $3,954,959, representing a premium to the book value of $3,732,806, and generating a gain on sale of approximately $222,153. Proceeds from the sale were used to fully retire $3,031,378 in legacy housing-related debt, which carried annual interest rates ranging from 5.74% to 13.5%. "This transaction is both financially and strategically significant," said Gordon Reykdal, Executive Chairman of Everyday People. "It removes the last vestiges of the legacy EP Homes program, strengthens our balance sheet, eliminates high-cost debt, and allows us to focus exclusively on scaling our two core platforms in Revenue Cycle Management and digital EP Financial Services Pillars." The sale also eliminates the Company's exposure to real estate credit risk and capital-intensive assets, in line with its strategic shift toward high-margin, technology-enabled, fee-for-service solutions. "This is a pivotal step forward," added Tyler Hatch, Co-CEO of the Company's Financial Services division. "Our goal has always been to build a scalable, compliant, and capital-light platform. With this transaction, we are now positioned to reinvest fully into our core businesses and pursue growth opportunities without the drag of non-core assets." The Company will report the gain on sale in its upcoming financial statements and expects the transaction to improve key financial metrics, including debt-to-equity ratio, interest expense, and operating margin. Related Party Transaction Disclosure The purchaser, EAM, is a private company wholly owned by Carrie Reykdal, the spouse of Gordon Reykdal, who is the Executive Chairman and a director of the Company. Accordingly, the sale of the remaining EP Homes inventory (the "Transaction") to EAM constitutes a "related party transaction" under TSX Venture Exchange ("TSXV") Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), respectively, as the fair market value of the subject matter of, nor the fair market value of the consideration for, the Transaction does not exceed 25% of the Company's market capitalization, however, the Company voluntarily obtained independent appraisals on the EP Homes inventory to support the fairness of the Transaction. In addition, shareholder approval is not required under TSXV Policy 5.3 Acquisitions and Dispositions of Non-Cash Assets, as the Transaction does not exceed the thresholds set out therein that would trigger a requirement for disinterested shareholder approval. The Company's board of directors consists of a majority of independent directors who have approved the Transaction. Everyday People Financial Services Everyone deserves access to responsible credit. EP Financial Services ("EPFS") operates on a fee-for-service model, generating revenue from financial services and card fees. As a credit facilitator and program manager, EPFS helps businesses and government agencies coordinate with card networks, credit bureaus, and banks to implement customized payment card and credit access programs. Additionally, EPFS offers its own unique B2C card and credit access programs. Our financial products and services are meticulously crafted and frequently tailored to meet the unique needs of our clients who are serving everyday people, everyday. Our customer support is bolstered by the collective 75 years of experience and advanced technology from our RCM division. This fusion of expertise allows EPFS to enhance access to responsible credit, promote financial wellness, facilitate homeownership, enable efficient health spending, streamline procurement and support supply chains across Canada, the United Kingdom and the United States. About Everyday People Financial Corp. Everyday People Financial Corp. is a technology-driven financial services company with a mission to help individuals and businesses manage money better. First established in 1988, we have a workforce of over 625 people operating in the United Kingdom and Canada providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom. Revenue Cycle Management (RCM), which helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and Financial Services, which provides digital tools and credit access programs that support Canadians on their financial journey, all without lending money. Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the Company is committed to providing affordable, innovative, and responsible financial solutions that create lasting value for our clients, customers, and shareholders. We are changing the way people manage money by enhancing our client and consumer services with our own affordability assessment programs with specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth. We stand for creativity and entrepreneurship. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner. For more information visit: Contact Gordon ReykdalExecutive Chairman of Everyday People Financial Corp. Tyler HatchCo-CEO, Financial Services of Everyday People Financial Corp. letsconnect@ 888 825 9808 (Press Option 2 for Investor and Media Relations) Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance and key financial metrics, results of operations, integration of the acquired businesses, and the business, plans, strategy and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Globe and Mail
11-07-2025
- Business
- Globe and Mail
Everyday People Financial Corp. Completes Strategic Transition to Fee-for-Service Model with Sale of Legacy Home Inventory
Edmonton, Alberta--(Newsfile Corp. - July 11, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (" Everyday People" or the " Company"), a technology-driven financial services provider, headquartered in Edmonton, Alberta, is pleased to announce the successful sale of its remaining EP Homes inventory to EAM Enterprises Inc. (" EAM") on June 30, 2025, completing its multi-year strategy to exit non-core operations and fully transition to a fee-for-service business model. Under the terms of the transaction, EAM acquired the Company's outstanding home inventory for $3,954,959, representing a premium to the book value of $3,732,806, and generating a gain on sale of approximately $222,153. Proceeds from the sale were used to fully retire $3,031,378 in legacy housing-related debt, which carried annual interest rates ranging from 5.74% to 13.5%. "This transaction is both financially and strategically significant," said Gordon Reykdal, Executive Chairman of Everyday People. "It removes the last vestiges of the legacy EP Homes program, strengthens our balance sheet, eliminates high-cost debt, and allows us to focus exclusively on scaling our two core platforms in Revenue Cycle Management and digital EP Financial Services Pillars." The sale also eliminates the Company's exposure to real estate credit risk and capital-intensive assets, in line with its strategic shift toward high-margin, technology-enabled, fee-for-service solutions. "This is a pivotal step forward," added Tyler Hatch, Co-CEO of the Company's Financial Services division. "Our goal has always been to build a scalable, compliant, and capital-light platform. With this transaction, we are now positioned to reinvest fully into our core businesses and pursue growth opportunities without the drag of non-core assets." The Company will report the gain on sale in its upcoming financial statements and expects the transaction to improve key financial metrics, including debt-to-equity ratio, interest expense, and operating margin. Related Party Transaction Disclosure The purchaser, EAM, is a private company wholly owned by Carrie Reykdal, the spouse of Gordon Reykdal, who is the Executive Chairman and a director of the Company. Accordingly, the sale of the remaining EP Homes inventory (the " Transaction") to EAM constitutes a "related party transaction" under TSX Venture Exchange (" TSXV") Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), respectively, as the fair market value of the subject matter of, nor the fair market value of the consideration for, the Transaction does not exceed 25% of the Company's market capitalization, however, the Company voluntarily obtained independent appraisals on the EP Homes inventory to support the fairness of the Transaction. In addition, shareholder approval is not required under TSXV Policy 5.3 Acquisitions and Dispositions of Non-Cash Assets, as the Transaction does not exceed the thresholds set out therein that would trigger a requirement for disinterested shareholder approval. The Company's board of directors consists of a majority of independent directors who have approved the Transaction. Everyday People Financial Services Everyone deserves access to responsible credit. EP Financial Services (" EPFS") operates on a fee-for-service model, generating revenue from financial services and card fees. As a credit facilitator and program manager, EPFS helps businesses and government agencies coordinate with card networks, credit bureaus, and banks to implement customized payment card and credit access programs. Additionally, EPFS offers its own unique B2C card and credit access programs. Our financial products and services are meticulously crafted and frequently tailored to meet the unique needs of our clients who are serving everyday people, everyday. Our customer support is bolstered by the collective 75 years of experience and advanced technology from our RCM division. This fusion of expertise allows EPFS to enhance access to responsible credit, promote financial wellness, facilitate homeownership, enable efficient health spending, streamline procurement and support supply chains across Canada, the United Kingdom and the United States. About Everyday People Financial Corp. Everyday People Financial Corp. is a technology-driven financial services company with a mission to help individuals and businesses manage money better. First established in 1988, we have a workforce of over 625 people operating in the United Kingdom and Canada providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom. Revenue Cycle Management (RCM), which helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and Financial Services, which provides digital tools and credit access programs that support Canadians on their financial journey, all without lending money. Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the Company is committed to providing affordable, innovative, and responsible financial solutions that create lasting value for our clients, customers, and shareholders. We are changing the way people manage money by enhancing our client and consumer services with our own affordability assessment programs with specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth. We stand for creativity and entrepreneurship. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner. For more information visit: Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance and key financial metrics, results of operations, integration of the acquired businesses, and the business, plans, strategy and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Yahoo
22-05-2025
- Business
- Yahoo
Everyday People Financial to Present at Centurion One Capital 6th Annual LA Summit
Edmonton, Alberta--(Newsfile Corp. - May 22, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a financial services provider, is pleased to announce it will be presenting at the Centurion One Capital ("Centurion One") 6th Annual LA Summit held at the iconic Beverly Hills Hotel from Monday, June 2nd to Thursday, June 5th , 2025, in Los Angeles, California. Mr. Gordon Reykdal, Executive Chairman of Everyday People, will be presenting at the Summit. Mr. Reykdal will also be participating on a panel discussion and will be available for one-on-one investor meetings throughout the event. "We are excited to participate in the Centurion One Summit," said Mr. Reykdal, Executive Chairman of the Company. "This event provides a unique platform to showcase how Everyday People is innovating financial services to better serve underserved markets in Canada and the UK." Centurion One Summit Details Format: Presentations, Panel Discussions and 1 X 1 Investor MeetingsPresentation Dates: Wednesday, June 4th and Thursday, June 5th, 2025Time: 9:00 AM PDT - 5:00 PM PDTVenue: The Beverly Hills Hotel For more information and registration details, please visit: About Centurion One Capital Centurion One Capital ("Centurion One") is the premier independent Investment Banking firm dedicated to fueling the growth and success of growth companies in North America. With an unwavering commitment to delivering comprehensive financial solutions and strategic guidance, Centurion One is a trusted strategic partner and catalyst to propel issuers to unlock their full potential. Centurion One's team comprises seasoned professionals who combine extensive financial expertise with deep knowledge of various sectors. Centurion One takes a proactive and results-driven approach, working closely with its clients to develop tailored strategies and execute transactions that maximize value and drive long-term success. Centurion One - Empowering Growth. Driving Innovation. Partnering for Success. For more information about Centurion One, visit About Everyday People Financial Corp. Everyday People Financial Corp. is a technology-driven financial services company with a mission to help individuals and businesses manage money better. First established in 1988, we have a workforce of 550 people operating in the United Kingdom and Canada providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom. Revenue Cycle Management (RCM), which helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and Financial Services, which provides digital tools and credit access programs that support Canadians on their financial journey, all without lending money. Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the Company is committed to providing affordable, innovative, and responsible financial solutions that create lasting value for our clients, customers, and shareholders. We are changing the way people manage money by enhancing our client and consumer services with our own affordability assessment programs with specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth. We stand for creativity and entrepreneurship. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner. For more information visit: Contact Barret ReykdalCo-Chief Executive Officer, RCM (North America)letsconnect@ 888 825 9808 (Press Option 2 for Investor and Media Relations) Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, results of operations, integration of the acquired businesses, and the business, plans, strategy, and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Everyday People Financial Reports Q1 2025 Results with 20% Revenue Growth over Q1 2024 and Strategic Advancements Across Core Business Lines
Edmonton, Alberta--(Newsfile Corp. - May 14, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a technology-driven financial services provider, is pleased to announce its consolidated financial results for the three months ended March 31, 2025, marking another milestone in the Company's growth strategy. "Our Q1 performance reflects the momentum of our diversified business strategy. With strong contributions from our revenue cycle management ("RCM") segment and a shift toward capital-light, recurring revenue models in our Financial Services division, we are positioning the Company for sustained growth and profitability," said Gordon Reykdal, Executive Chairman of Everyday People. Key Financial Highlights for the Three Months Ended March 31, 2025 Revenue increased by 20% to $17.7 million, compared to $14.8 million for the same period in 2024. Cash flow from operations improved by $2.3 million, moving from a negative $0.7 million in Q1 2024 to a positive $1.6 million in Q1 2025. Following the expansion of our RCM client base announced in December 2024, the Company began recognizing revenue from these new contracts in Q2 2025, with a growing financial impact throughout the remainder of the year. The Company anticipates increasing its RCM client base by an additional 40% based on its Q1 RCM revenues of $15.1 million this quarter as compared to $12.2 million for the same period in the prior year. 1Adjusted EBITDAThree months ended Three months endedMarch 31, 2025$000 March 31, 2024$000 Adjusted EBITDA reconciliation Net profit before tax 969 1,467 Adjustments Depreciation and amortization 943 799 Acquisition costs - 72 Share-based compensation 116 153 Finance costs 614 897 Gain on contingent consideration (546) - Gain on debt settlement - (286) Total adjustment to net profit before tax 1,127 1,635 Adjusted EBITDA 2,096 3,102 Less: Finance costs (614) (897) Adjusted EBTDA 1,482 2,205 Looking Forward "Everyday People had an exceptionally strong start to the year and remain focused on advancing its capital-light business model and executing on a disciplined acquisition strategy." said Gordon Reykdal, Executive Chairman of Everyday People. "We have a passionate and experienced team of operators delivering on the Company's vision." About Everyday People Financial Corp. Everyday People Financial Corp. is a technology-driven financial services company with a mission to help individuals and businesses manage money better. First established in 1988, we have a workforce of 550 people operating in the United Kingdom and Canada providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom. Revenue Cycle Management (RCM), which helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and Financial Services, which provides digital tools and credit access programs that support Canadians on their financial journey, all without lending money. Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the Company is committed to providing affordable, innovative, and responsible financial solutions that create lasting value for our clients, customers, and shareholders. We are changing the way people manage money by enhancing our client and consumer services with our own affordability assessment programs with specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth. We stand for creativity and entrepreneurship. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner. Financial Statements & Management's Discussion and Analysis This news release should be read in conjunction with Everyday People's consolidated financial statements and "Management's Discussion and Analysis" report for the three months ended March 31, 2024, which have been posted under the Company's profile on SEDAR+ at Non-IFRS Financial Measures This news release makes reference to certain non-IFRS financial measures, including Adjusted EBITDA, and Adjusted EBTDA. "Adjusted EBITDA" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "EBITDA" means earnings before finance and interest costs, provision for income tax and amortization and depreciation expenses. "Adjusted EBITDA" is calculated as adding back the share-based compensation, depreciation and amortization expenses, other expenses (income) and other non-operating expenses (income) management considers not directly related to operational performance of the period presented. "Adjusted EBTDA" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "EBTDA" means earnings before finance excluding interest costs, provision for income tax and amortization and depreciation expenses. "Adjusted EBTDA" is calculated as adding back the share-based compensation, depreciation and amortization expenses, other expenses (income) and other non-operating expenses (income), and excludes interest costs in the calculation, management considers not directly related to operational performance of the period presented. Adjusted EBITDA and EBTDA, are used as non-IFRS financial measures to provide investors with a supplemental measure of the Company's operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. The Company believes that securities analysts, investors, and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. The Company's management also uses non-IFRS financial measures to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess the Company's ability to meet its capital expenditure and working capital requirements. Non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for an analysis of the Company's results under IFRS. There are a number of limitations related to the use of non-IFRS financial measures versus their nearest IFRS equivalents. Investors are encouraged to review the consolidated financial statements as at and for the three months ended March 31, 2025 and March 31, 2024, and disclosures in their entirety and are cautioned not to put undue reliance on any non-IFRS financial measure and view it in conjunction with the most comparable IFRS financial measures. In evaluating these non-IFRS financial measures, please be aware that in the future the Company will continue to have the adjustment similar to those adjusted in the presented period. For more information visit: Contact Gordon ReykdalExecutive Chairmanletsconnect@ 888 825 9808 (Press Option 2 for Investor and Media Relations) Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, results of operations, integration of the acquired businesses, and the business, plans, strategy, and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Yahoo
15-05-2025
- Business
- Yahoo
Everyday People Financial Reports Q1 2025 Results with 20% Revenue Growth over Q1 2024 and Strategic Advancements Across Core Business Lines
Edmonton, Alberta--(Newsfile Corp. - May 14, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a technology-driven financial services provider, is pleased to announce its consolidated financial results for the three months ended March 31, 2025, marking another milestone in the Company's growth strategy. "Our Q1 performance reflects the momentum of our diversified business strategy. With strong contributions from our revenue cycle management ("RCM") segment and a shift toward capital-light, recurring revenue models in our Financial Services division, we are positioning the Company for sustained growth and profitability," said Gordon Reykdal, Executive Chairman of Everyday People. Key Financial Highlights for the Three Months Ended March 31, 2025 Revenue increased by 20% to $17.7 million, compared to $14.8 million for the same period in 2024. Cash flow from operations improved by $2.3 million, moving from a negative $0.7 million in Q1 2024 to a positive $1.6 million in Q1 2025. Following the expansion of our RCM client base announced in December 2024, the Company began recognizing revenue from these new contracts in Q2 2025, with a growing financial impact throughout the remainder of the year. The Company anticipates increasing its RCM client base by an additional 40% based on its Q1 RCM revenues of $15.1 million this quarter as compared to $12.2 million for the same period in the prior year. 1Adjusted EBITDAThree months ended Three months endedMarch 31, 2025$000 March 31, 2024$000 Adjusted EBITDA reconciliation Net profit before tax 969 1,467 Adjustments Depreciation and amortization 943 799 Acquisition costs - 72 Share-based compensation 116 153 Finance costs 614 897 Gain on contingent consideration (546) - Gain on debt settlement - (286) Total adjustment to net profit before tax 1,127 1,635 Adjusted EBITDA 2,096 3,102 Less: Finance costs (614) (897) Adjusted EBTDA 1,482 2,205 Looking Forward "Everyday People had an exceptionally strong start to the year and remain focused on advancing its capital-light business model and executing on a disciplined acquisition strategy." said Gordon Reykdal, Executive Chairman of Everyday People. "We have a passionate and experienced team of operators delivering on the Company's vision." About Everyday People Financial Corp. Everyday People Financial Corp. is a technology-driven financial services company with a mission to help individuals and businesses manage money better. First established in 1988, we have a workforce of 550 people operating in the United Kingdom and Canada providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom. Revenue Cycle Management (RCM), which helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and Financial Services, which provides digital tools and credit access programs that support Canadians on their financial journey, all without lending money. Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the Company is committed to providing affordable, innovative, and responsible financial solutions that create lasting value for our clients, customers, and shareholders. We are changing the way people manage money by enhancing our client and consumer services with our own affordability assessment programs with specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth. We stand for creativity and entrepreneurship. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner. Financial Statements & Management's Discussion and Analysis This news release should be read in conjunction with Everyday People's consolidated financial statements and "Management's Discussion and Analysis" report for the three months ended March 31, 2024, which have been posted under the Company's profile on SEDAR+ at Non-IFRS Financial Measures This news release makes reference to certain non-IFRS financial measures, including Adjusted EBITDA, and Adjusted EBTDA. "Adjusted EBITDA" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "EBITDA" means earnings before finance and interest costs, provision for income tax and amortization and depreciation expenses. "Adjusted EBITDA" is calculated as adding back the share-based compensation, depreciation and amortization expenses, other expenses (income) and other non-operating expenses (income) management considers not directly related to operational performance of the period presented. "Adjusted EBTDA" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "EBTDA" means earnings before finance excluding interest costs, provision for income tax and amortization and depreciation expenses. "Adjusted EBTDA" is calculated as adding back the share-based compensation, depreciation and amortization expenses, other expenses (income) and other non-operating expenses (income), and excludes interest costs in the calculation, management considers not directly related to operational performance of the period presented. Adjusted EBITDA and EBTDA, are used as non-IFRS financial measures to provide investors with a supplemental measure of the Company's operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. The Company believes that securities analysts, investors, and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. The Company's management also uses non-IFRS financial measures to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess the Company's ability to meet its capital expenditure and working capital requirements. Non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for an analysis of the Company's results under IFRS. There are a number of limitations related to the use of non-IFRS financial measures versus their nearest IFRS equivalents. Investors are encouraged to review the consolidated financial statements as at and for the three months ended March 31, 2025 and March 31, 2024, and disclosures in their entirety and are cautioned not to put undue reliance on any non-IFRS financial measure and view it in conjunction with the most comparable IFRS financial measures. In evaluating these non-IFRS financial measures, please be aware that in the future the Company will continue to have the adjustment similar to those adjusted in the presented period. For more information visit: Contact Gordon ReykdalExecutive Chairmanletsconnect@ 888 825 9808 (Press Option 2 for Investor and Media Relations) Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, results of operations, integration of the acquired businesses, and the business, plans, strategy, and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
