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Wilmington Capital Management Inc. (T:WCM.A)

Business Focus: Investment Management

Sector:  Financials Industry:  Investment Management & Fund Operators
 
Company Contact
Address: 1420, 205 5th Avenue SW
CALGARY AB T2P 2V7
Tel: N/A
Website: https://www.wilmingtoncapital.com
IR: See website
Key People
Joseph F. Killi
Chairman of the Board
Christopher J. Killi
Chief Executive Officer, Managing Partner, Director
Patrick Richard Craddock
Managing Partner, Vice President - Finance
Alex Jean Powell
Corporate Secretary
   
Business Overview
Wilmington Capital Management Inc. is a Canada-based investment and asset management company. The Company is focused on investments in alternative real estate assets classes and the energy sector where assets are undervalued. The Company's objective is to seek out investment opportunities in the alternative asset classes and in the energy sector through private equity funds, which provide shareholders with capital appreciation over the longer term as opposed to current income returns. It invests its own capital alongside partners and co-investors in hard assets and private equity funds and manages these assets through operating entities. It holds interest in Maple Leaf Marinas Holdings Limited Partnership and Bay Moorings Marina Holdings Limited Partnership, which owns and operates approximately 21 marinas in Ontario having over 8,800 boat slips and racks, located on over 500 acres of waterfront land including 76 acres of re-development and expansion lands.
Financial Overview
For the fiscal year ended 31 December 2023, Wilmington Capital Management Inc revenues increased 29% to C$3.9M. Net income decreased 18% to C$2.3M. Revenues reflect Management fee revenue increase of 70% to C$833K. Net income was offset by Share of net loss from Northpoint Resour increase from C$174K (income) to C$122K (expense), General and administrative increase of 5% to C$2.1M (expense).
Employees: 3 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $8.40M as of Dec 31, 2023
Annual revenue (TTM): $3.90M as of Dec 31, 2023
EBITDA (TTM): $1.67M as of Dec 31, 2023
Net annual income (TTM): $2.29M as of Dec 31, 2023
Free cash flow (TTM): -$0.27M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 12,325,833 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization