Jan 02, 2026

Builders Capital in 2025: Strategic Growth and Strong Financial Momentum

Calgary, Alberta — As 2025 unfolds, Builders Capital Mortgage Corp. (TSXV: BCF) is building on a year defined by strong financial performance, disciplined growth, and strategic portfolio expansion. Amid evolving market conditions across Western Canada, the company continues to demonstrate the resilience of its short-term construction lending model and its commitment to delivering consistent value to shareholders.

Navigating Market Conditions with Discipline

The construction and housing finance landscape in 2025 has remained dynamic, shaped by elevated construction costs, interest-rate sensitivity, and regional variations in demand. In response, Builders Capital maintained a cautious and deliberate approach to underwriting, prioritizing capital preservation while selectively pursuing high-quality lending opportunities.

Management adjusted geographic exposure and loan structures where appropriate, ensuring the mortgage portfolio remained balanced and resilient. This disciplined strategy has allowed the company to continue growing while effectively managing risk in a changing environment.

Mortgage Portfolio Growth

Builders Capital achieved meaningful growth in its mortgage portfolio throughout 2025, reflecting continued demand for short-term construction financing:

• The mortgage portfolio expanded steadily, surpassing $54 million by the third quarter, representing significant year-over-year growth.
• Portfolio expansion was supported by capital raised through the company’s Participating Bond Offering, which enhanced liquidity and increased capacity for new mortgage originations.

This growth underscores Builders Capital’s ability to deploy capital efficiently while supporting builders and developers across Western Canada.

Revenue Performance and Operating Results

Financial performance in 2025 highlighted the strength of the company’s operating model:

• First Quarter 2025: Revenue increased approximately 50% year-over-year, driven by portfolio expansion and higher average capital deployed.
• Second Quarter 2025: Builders Capital recorded its highest quarterly revenue to date, reflecting strong mortgage advances and portfolio turnover.

Throughout the year, mortgage turnover remained efficient, supporting revenue growth and reinforcing the company’s ability to recycle capital effectively.

Consistent Shareholder Distributions

Builders Capital continued its long-standing commitment to shareholder returns in 2025. The company maintained its regular quarterly distributions on Class A shares, while Class B shareholders benefited from additional earnings-based distributions.

This consistency reflects management’s focus on income generation, stable cash flow, and disciplined capital allocation—key pillars of the Builders Capital investment proposition.

Risk Management and Portfolio Quality

Risk management remained a core priority throughout the year. Builders Capital maintained conservative loan-to-value ratios, carefully monitored regional market conditions, and adjusted provisions where warranted.

By maintaining strong underwriting standards and a diversified portfolio, the company has positioned itself to navigate market volatility while preserving long-term value.

Positioned for the Year Ahead

As 2025 progresses, Builders Capital is well positioned to continue executing on its strategy of prudent growth, reliable income generation, and disciplined risk management. With a strengthened balance sheet, expanded lending capacity, and a focused approach to construction finance, the company remains a trusted partner to builders and a consistent income provider for shareholders.

Builders Capital enters the remainder of the year with confidence, supported by a proven business model and a clear commitment to long-term sustainability.