sur Global Education Communities Corp. (CVE:GEC)
GECC Reports Fiscal Year 2025 Financial Results
Global Education Communities Corp. (GECC) has announced its financial results for the fiscal year ended August 31, 2025. The company reported revenues of $29.04 million, down from $35.24 million in 2024. However, net income showed a significant turnaround, reaching $3.997 million, compared to a loss of $21.27 million the previous year. GECC attributes a comprehensive income of $22.14 million to its shareholders, an improvement from $1.099 million in 2024.
Key achievements include successful divestitures generating over $35.4 million and strategic partnerships with Pomerleau Capital and Pure Group of Companies. GECC secured $140.3 million in financing and made progress on major construction projects, including GEC® Oakridge and GEC® Langara.
Operationally, GECC achieved near-full capacity at its properties and increased rental income, while reducing debt levels. A favourable legal ruling was also received regarding a $60 million investment.
R. P.
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