Olympia Financial Group Inc. (T:OLY)
Business Focus: Corporate Financial Services (NEC)
| Sector: Financials | Industry: Corporate Financial Services |
| Company Contact | |
| Address: | 4000,520- 3rd Ave SW CALGARY AB T2P 0R3 |
| Tel: | N/A |
| Website: | https://www.olympiafinancial.com |
| IR: | See website |
| Key People | ||
| Richard K. Skauge Chairman of the Board, President, Chief Executive Officer | Jennifer Urscheler Chief Financial Officer | Craig Skauge Executive Vice President, Director, Chairman, President & Chief Executive Officer of Olympia Trust Company |
| Ryan Mckenna Chief Information Officer | Jonathan Bahnuik General Counsel, Corporate Secretary | Andrea Gillis Executive Vice President, Securities of OTC and a director of OTC | Kelly Revol Executive Vice President, Investment Account Services, Mortgages of Olympia Trust Company |
| Business Overview |
| Olympia Financial Group Inc. conducts its operations through its subsidiary, Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company provides foreign currency exchange services and other trustee services. It operates through five segments: Private Health Services Plan division (HEALTH), Investment Account Services (IAS), Currency and Global Payments (CGP), Exempt Edge (EE), and Corporate and Shareholder Services division (CSS). The Private Health Services Plan Division markets, sells and administers health and wellness benefits to business owners. The Currency and Global Payments Division allows corporations and private clients to buy and sell foreign currencies at competitive rates. The Exempt Edge Division focuses on the provision of information technology services to exempt market dealers, registrants, and issuers. The Corporate and Shareholder Services Division provides transfer agent and registrar services to public and private issuers. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Olympia Financial Group Inc revenues increased 38% to C$99.8M. Net income increased 69% to C$24M. Revenues reflect IAS segment increase of 51% to C$75.7M, Health segment increase of 13% to C$10M. Net income benefited from Unrealized foreign exchange gain increase from C$21K to C$441K (income), Total Amort of Intangibles-excl Goodwill decrease of 28% to C$438K (expense). |
| Employees: | 325 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $245.40M as of Dec 31, 2023 |
| Annual revenue (TTM): | $99.82M as of Dec 31, 2023 |
| EBITDA (TTM): | $33.65M as of Dec 31, 2023 |
| Net annual income (TTM): | $23.96M as of Dec 31, 2023 |
| Free cash flow (TTM): | $4.38M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 2,406,336 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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