Firm Capital Mortgage Investment Corporation Announces Q2/2026 Results and Declares Monthly Cash Dividends for October and November 2026

TORONTO, Aug. 13, 2026 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB. K, FC.DB. L and FC.DB.M) today released its financial statements for the three and six months ended June 30, 2026.

For the three months ended June 30, 2026, net income decreased by 10.7% to $8,636,306, compared to $9,674,154 for the same period in 2025. For the six months ended June 30, 2026, net income decreased by 12.2% to $17,247,771, compared to $19,647,419 for the same period in 2025. The decreases were primarily attributable to a smaller average investment portfolio and lower average portfolio yields during the period.

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Basic weighted average earnings per share for the three months ended June 30, 2026 was $0.235, as compared to the $0.263 per share reported for the three months ended June 30, 2025. Distributions per share to shareholders for the second quarter ended June 30, 2026 totaled $0.234.

The Corporation’s investment portfolio decreased by 0.8% to $605.8 million as of June 30, 2026, in comparison to $610.9 million as at December 31, 2025 (in each case, gross impairment allowance, fair value adjustment, and unamortized fees). For the three months ended June 30, 2026, new investment funding was $106.2 million (2025 – $63.3 million), and repayments were $69.7 million (2025 – $70.6 million). On June 30, 2026, the investment portfolio was comprised of 231 investments (December 31, 2025 – 242). The average gross investment size was approximately $2.6 million, with 16 investments individually exceeding $7.5 million.

The allowance for expected credit losses and fair value adjustment as of June 30, 2026 was $32.8 million (December 31, 2025 – $36.8 million), comprising (i) $28.9 million (December 31, 2025 – $29.1 million) representing the total amount of management’s estimate of the shortfall between the investment balances and the estimated recoverable amount from the security under the specific loans, (ii) $0.7 million (2025 – $4.5 million) representing the total amount of management’s estimate of fair value adjustment on investments stated at fair value through profit or loss; and (iii) a collective allowance balance of $3.2 million (2025 – $3.2 million).

Details on the Corporation’s investment portfolio as at June 30, 2026, are as follows: