CALGARY, AB, Aug. 8, 2025 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced its financial results for the three and six months ended June 30, 2025. Crown's complete financial statements and management's discussion and analysis are available on SEDAR at www.sedarplus.ca.

Q2 2025 Financial & Operating Overview

Crown recognized a net loss of $(3.5) million ($0.62 loss per basic share) in Q2 2025 compared to a net loss of $(15.2) million ($2.71 loss per basic share) in Q2 2024.Adjusted EBITDA1 was $1.3 million in Q2 2025 compared to $1.9 million in Q2 2024 due primarily to decreased earnings from the Distribution Services, Network Services, Real Estate and Distributed Power segments, partially offset by reduced expenses of the Corporate and Other segment.Distribution services revenue was $10.8 million in Q2 2025 compared to $9.4 million in Q2 2024, an increase of 15.7%. This segment reported net loss before income taxes of $0.2 million (2024 – net income before income taxes $0.3 million) and Adjusted EBITDA of $0.8 million (2024 - $1.0 million), with the year-over-year decline primarily attributable to an increase in payments of lease obligations. Capacity utilization was 62% at June 30, 2025 (June 30, 2024 - 58%).Network services revenue was $6.1 million in Q2 2025 compared to $5.9 million in Q2 2024, an increase of 3.4% attributable to a year-over-year increase in revenues due to additional hardware sales in Galaxy and modest increases from Community Network Partners in respect of revenues from the high speed internet infrastructure project in Brooks, Alberta and the Ontario Connects: Accelerated High-Speed Internet Program (the "Ontario Connects Program"), partially offset by a decrease in revenues from the continued runoff of customer contracts in WireIE. This segment reported a net loss before income taxes of $(0.7) million (2024 –$(0.4) million) and Adjusted EBITDA of $0.5 million (2024 - $0.5 million).Real Estate segment revenue was $1.0 million in Q2 2025 compared to $1.2 million in Q2 2024, a decrease of 16.6% year-over-year due primarily to reduced leasing activity during the quarter. This segment recorded a net loss before income taxes of $(1.0) million (2024 – net income before income taxes of $0.3 million) and Adjusted EBITDA of $(0.05) million (2024 - $0.4 million).Distributed Power revenue was $0.1 million in Q2 2025 compared to $0.4 million in Q2 2024, a decrease of 64.3% due to softer power prices in the Alberta market. This segment reported a net loss before income taxes of $(0.3) million (2024 –$0.2 million) and Adjusted EBITDA of $(0.1) million (2024 - $(0.1) million).The Specialty Finance segment recorded a net loss before income taxes of $(0.01) million in Q2 2025 (Q2 2024 - $(13.6) million), representing Crown's share of earnings of Crown Partners Fund, and Adjusted EBITDA of $nil (2024 - $0.2 million), representing income distributions received from Crown Partners Fund.Total equity at quarter-end decreased to $3.8 million from $8.6 million at the end of 2024 due primarily to a net loss attributable to shareholders of $(5.3) million. Total equity per share decreased to $0.64 per basic share from $1.53 per basic share as at December 31, 2024.

CALGARY, AB, June 30, 2025 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announces it has completed a non-brokered private placement offering (the "Offering") of: (a) $1,400,000 principal amount of 10% convertible redeemable secured subordinated debentures of the Corporation due December 31, 2026 (each a "Insider Convertible Debenture"); and (b) $100,000 principal amount of 10% convertible redeemable secured subordinated debentures of the Corporation due June 30, 2026 (each a "Insider Non-Convertible Debenture" and together with the Convertible Insider Debentures, the "Insider Debentures") to insiders of the Corporation ("Insider Debentureholders").

CALGARY, AB, June 26, 2025 /CNW/ - In accordance with Toronto Stock Exchange requirements, Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, announced the voting results from its Annual and Special Meeting of Shareholders held on June 26, 2025.

A total of 2,543,481 common shares, representing approximately 44.8% of the Corporation's issued and outstanding common shares, were voted in connection with the meeting. Shareholders voted in favour of all items of business put forth. The votes for the election of directors are as follows:

CALGARY, AB, May 7, 2025 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced its financial results for the three months ended March 31, 2025. Crown's complete financial statements and management's discussion and analysis are available on SEDAR at www.sedarplus.ca.

Q1 2025 Financial & Operating Overview

Crown recognized a net loss of $(1.8) million ($0.32 loss per basic share) in Q1 2025 compared to a net loss of $(0.6) million ($0.11 loss per basic share) in Q1 2024.Adjusted EBITDA1 was $1.7 million in Q1 2025 compared to $1.3 million in Q1 2024 due primarily to improved earnings from the Distribution Services and Network Services segments and reductions in expenses of the Corporate and Other segment, partially offset by decreased earnings from the Real Estate and Distributed Power segments.Distribution services revenue was $10.8 million in Q1 2025 compared to $8.2 million in Q1 2024, an increase of 31.4%. This segment reported net income before income taxes of $0.4 million (2024 – net loss before income taxes $(0.5) million) and Adjusted EBITDA of $1.0 million (2024 - $0.2 million), with the year-over-year improvement attributable to the impact of operational efficiencies implemented throughout 2023 and 2024 and to increased capacity utilization across the warehouses. Capacity utilization was 62% at March 31, 2025, compared with 62% at December 31, 2024, 62% at September 30, 2024, 58% at June 30, 2024, 52% at March 31, 2024.Network services revenue was $8.7 million in Q1 2025 compared to $6.7 million in Q1 2024, an increase of 29.9% attributable to a year-over-year increase in revenues from Galaxy (40.9%) due to additional hardware sales and modest increases from Community Network Partners in respect of revenues from the high speed internet infrastructure project in Brooks, Alberta and the Ontario Connects: Accelerated High-Speed Internet Program (the "Ontario Connects Program") and earnings from Inuknet, partially offset by a decrease in revenues from the continued runoff of customer contracts in WireIE. This segment reported a net income before income taxes of $0.2 million (2024 – net loss before income taxes of $(0.03) million) and Adjusted EBITDA of $1.1 million (2024 - $0.9 million) with the increase attributable to lower margin sales from a government sector contract in Galaxy.Real Estate segment revenue was $1.0 million in Q1 2025 compared to $1.6 million in Q1 2024, a decrease of 36.3% year-over-year due to the timing of fees from construction and development fees. This segment recorded a net loss before income taxes of $(0.03) million (2024 – net income before income taxes of $0.7 million) and Adjusted EBITDA of $0.09 million (2024 - $0.9 million).Distributed Power revenue was $0.3 million in Q1 2025 compared to $0.8 million in Q1 2024, a decrease of 68.2% due to softer power prices in the Alberta market. This segment reported a net loss before income taxes of $(0.2) million (2024 – net income before income taxes of $0.003 million) and Adjusted EBITDA of $(0.09) million (2024 - $0.1 million).The Specialty Finance segment recorded net income before income taxes of $0.1 million in Q1 2025 (Q1 2024 - $1.7 million), representing Crown's share of earnings of Crown Partners Fund, and Adjusted EBITDA of $0.003 million (2024 - $0.004 million), representing income distributions received from Crown Partners Fund.Total equity at quarter-end decreased to $6.9 million from $8.6 million at the end of 2024 due to a net loss attributable to shareholders of $(1.8) million. Total equity per share decreased to $1.22 per basic share from $1.53 per basic share as at December 31, 2024.

CALGARY, AB, March 31, 2025 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced its financial results for the three and twelve months ended December 31, 2024. Crown's complete financial statements and management's discussion and analysis are available on SEDAR at www.sedarplus.ca.

2024 Financial & Operating Overview

Crown recognized a net loss of $(29.4) million ($5.26 loss per basic share) in 2024 compared to a net loss of $(12.2) million ($2.16 loss per basic share) in 2023. The net loss in 2024 is inclusive of aggregate impairment charges of $9.4 million (2023 - $6.1 million) in respect of real estate property ($7.0 million), distributed power equipment ($2.2 million), and telecom inventory of ($0.2 million), as well as Crown's share of losses from investments in associates of $(15.6) million (2023 – share of earnings of $3.0 million).Adjusted EBITDA1 was $5.1 million in 2024 compared to $3.8 million in 2023 due primarily to improved earnings from the Distribution Services, Real Estate and Corporate and Other segments, partially offset by decreased earnings from the Network Services, Specialty Finance and Distributed Power segments.Distribution services revenue was $36.9 million in 2024 compared to $34.4 million in 2023, an increase of 7.3%. This segment reported net income before income taxes of $1.6 million (2023 – net loss before income taxes $(3.6) million) and Adjusted EBITDA of $3.1 million (2023 - $(1.6) million), with the year-over-year improvement attributable to the impact of operational efficiencies implemented throughout 2023 and 2024 and to increased capacity utilization across the warehouses. Capacity utilization was 62% at December 31, 2024, compared with 62% at September 30, 2024, 58% at June 30, 2024, 52% at March 31, 2024 and 42% at December 31, 2023.Network services revenue was $26.2 million in 2024 compared to $26.9 million in 2023, a decrease of 2.8% due to a year-over-year revenue decline from WireIE, which experienced a continued runoff of customer contracts, that more than offset a year-over-year increase in revenues from Galaxy in respect of non-recurring hardware sales and modest increases from Community Network Partners in respect of revenues from the project in Brooks, Alberta and the Ontario Connects: Accelerated High-Speed Internet Program (the "Ontario Connects Program"). This segment reported a net loss before income taxes of $(2.6) million (2023 – $(0.6) million) and Adjusted EBITDA of $1.9 million (2023 - $2.4 million) with the decrease attributable to lower margin sales from a government sector contract in Galaxy.Real Estate segment revenue was $5.2 million in 2024 compared to $4.0 million in 2023, an increase of 29.5% year-over-year due to increases in fees from property and development contracts. This segment recorded a net loss before income taxes of $(6.4) million, inclusive of $7.0 million of non-cash impairments (2023 – net income before income taxes of $0.2 million and $nil, respectively) and Adjusted EBITDA of $1.1 million (2023 - $0.6 million).Distributed Power revenue was $2.0 million in 2024 compared to $2.4 million in 2023, a decrease of 17.1% due to the reclassification of certain power assets as assets held for sale at the end of 2023 and to the consolidation of the Wilson Creek assets, resulting in the elimination of intercompany lease interest revenue, partially offset by related revenues from merchant power customers. In addition to softer power prices in the Alberta market, merchant power revenues were lower than expected in 2024 due to the delayed repair of engine coolers, which reduced both available output and runtimes during the year. This segment reported a net loss before income taxes of $(1.4) million, inclusive of non-cash impairments of $2.2 million (2023 –$(2.0) million and $6.1 million, respectively) and Adjusted EBITDA of $0.1 million (2023 - $0.7 million).The Specialty Finance segment recorded net loss before income taxes of $(11.7) million (2023 – net income before income taxes $2.6 million), representing Crown's share of (losses) earnings of Crown Partners Fund, and Adjusted EBITDA of $0.2 million (2023 - $3.0 million), representing income distributions received from Crown Partners Fund. The year-over-year decrease is due primarily to the recognition of a realized loss in respect of the sale of a loan investment carried at fair value through profit and loss in 2024.Total equity at year-end decreased to $8.7 million from $38.2 million at the end of 2023 due to a net loss attributable to shareholders of $(29.4) million, which was driven primarily by Crown's share of the loss of investments in associates of $(15.6) million and impairments of property and equipment under development. Total equity per share decreased to $1.53 per basic share from $6.84 per basic share as at December 31, 2023.During 2024, Crown made payments from operating cash flows to reduce the balance on its credit facility with Canadian Western Bank ("CWB Credit Facility") by $10.1 million. Effective December 18, 2024, the Corporation entered into a new senior secured corporate credit facility of $15.0 million ("Crown Credit Facility") with Sandton Capital Solutions Master Fund VI, LP, an investment fund managed by Sandton Capital Partners, the proceeds of which were used primarily to fully repay and terminate the CWB Credit Facility.Effective October 18, 2024, Debentureholders approved amendments to the terms of the Debentures, including an extension of the maturity date from December 31, 2024 to December 31, 2026 and amendments to the interest rate from 10% to 11% effective as of October 25, 2024 and from 11% to 12% effective as of December 31, 2025. For additional details on the Debenture amendments, see Note 16 of Crown's audited consolidated financial statements for the years ended December 31, 2024 and 2023.In 2024, Crown's subsidiary, Community Network Partners, received grant funding payments of $28.8 million for the completion of two sublots related to its fibre network under the Province of Ontario's Accelerated High-Speed Internet Program.

CALGARY, AB, Feb. 18, 2025 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announces that it has completed a non-brokered private placement offering (the "Offering") of 84,000 common shares of the Corporation ("Common Shares") at a price of $1.50 per Common Share for gross proceeds of $126,000.  The net proceeds received by the Corporation from the Offering will be used for general working capital purposes.

John Brussa, an insider of the Corporation, purchased all of the Common Shares sold pursuant to the Offering (the "Insider Subscription"). The Insider Subscription is considered to be a "related party transaction" for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In accordance with MI 61-101, the Corporation is not required to obtain a formal valuation or minority approval of the Offering due to the fact that it may rely on an exemption to those requirements contained in MI 61-101, namely that the fair market value of the Offering is not more than 25% of the market capitalization of the Corporation.

CALGARY, AB, Dec. 18, 2024 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced that it has set December 30, 2024 (the "Record Date") as the record date for determining the holders (the "Debentureholders") of its 11% unsecured subordinated debentures due December 31, 2026 (TSX: CRWN.NT) (the "Debentures"),  that will be entitled to receive the outstanding interest payment on the Debentures that was due on June 30, 2024 (the "Deferred Interest Payment").

CALGARY, AB, Dec. 18, 2024 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced that it has entered an agreement for a new senior secured corporate credit facility of $15.0 million ("Credit Facility") with Sandton Capital Solutions Master Fund VI, LP ("Sandton"), an investment fund managed by Sandton Capital Partners.  This Credit Facility replaces Crown's previous corporate credit facility with Canadian Western Bank.

The Credit Facility is comprised of a non-amortizing term loan of C$15.0 million which is being advanced in full today, and from which proceeds are being used primarily to fully repay Crown's existing senior debt.  The terms of the Credit Facility include a maturity date of December 18, 2026, monthly interest that is based on a fixed interest rate of 15.5% per annum and that is payable by capitalization to the principal amount of the debt, a requirement to repay at least C$10.0 million of principal by March 31, 2026, and customary covenants for an agreement of this nature.

CALGARY, AB, Nov. 12, 2024 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced its financial results for the three and nine months ended September 30, 2024. Crown's complete financial statements and management's discussion and analysis are available on SEDAR at www.sedarplus.ca.

Q3 2024 Financial & Operating Overview

Crown recognized a net loss of $(2.7) million ($0.49 loss per basic share) in Q3 2024 compared to a net loss of $(1.8) million ($0.32 loss per basic share) in Q3 2023.Adjusted EBITDA1 was $0.8 million in Q3 2024 compared to $0.4 million in Q3 2023 due primarily to improved earnings from the Distribution Services and Network Services segments, partially offset by decreased earnings from the Real Estate, Specialty Finance and Distributed Power segments. For the nine months ended September 30, 2024, Adjusted EBITDA was $4.1 million compared with $3.3 million in the comparable 2023 period, with increased contributions from each of the Distribution Services and Real Estate segments and a reduced Corporate and Other segment loss more than offsetting reduced contributions from the Specialty Finance and Distributed Power segments.Distribution services revenue was $9.1 million in Q3 2024 compared to $8.9 million in Q3 2023. This segment reported a net loss before income taxes of $(0.1) million (Q3 2023 – $(0.4) million) and Adjusted EBITDA of $0.5 million (Q3 2023 - $0.3 million), with the year-over-year improvement attributable to the impact of operational efficiencies implemented throughout 2023 and 2024 and to increased capacity utilization across the warehouses. Capacity utilization was 62% at September 30, 2024, compared with 58% at June 30, 2024, 52% at March 31, 2024 and 42% at December 31, 2023.Network services revenue was $7.0 million in Q3 2024 compared to $7.8 million in Q3 2023, with the decrease due primarily to the continued runoff of customer contracts from WireIE and the conclusion of a large construction-sector contract in mid-Q2 2023, partially offset by modest growth in revenues from Community Network Partners's customers located in Brooks, Alberta. This segment reported a net loss before income taxes of $(0.5) million (Q3 2023 – $(1.1) million) and Adjusted EBITDA of $0.4 million (Q3 2023 - $(0.5) million).Real Estate segment revenue was $1.1 million in Q3 2024 compared to $1.3 million in Q3 2023, with the decrease over the prior-year quarter attributable primarily to the timing of fee recognition. This segment recorded net income before income taxes of $0.02 million (Q3 2023 - net income before income taxes of $0.3 million) and Adjusted EBITDA of $0.1 million (Q3 2023 - $0.4 million).Distributed Power revenue was $0.3 million in Q3 2024 compared to $0.8 million in Q3 2023, with the decrease primarily related to the reclassification of certain power assets as held for sale at the end of 2023 and to the consolidation of the Wilson Creek assets. In addition to softer power prices in the Alberta market, merchant power revenues were lower than expected in the third quarter of 2024 due to the delayed repair of engine coolers, which reduced both available output and runtimes during the period. This segment reported a net loss before income taxes of $(0.3) million (Q3 2023 – net income before income taxes of $0.4 million) and Adjusted EBITDA of $(0.02) million (Q3 2023 - $0.3 million).The Specialty Finance segment recorded net income before income taxes of $0.2 million (Q3 2023 –$0.2 million), representing Crown's share of (losses) earnings of Crown Partners Fund, and Adjusted EBITDA of $nil (Q3 2023 - $0.1 million), representing income distributions received from Crown Partners Fund.Total equity at quarter-end decreased to $19.7 million from $38.2 million at the end of 2023 due to a net loss attributable to shareholders of $(18.5) million, which was driven primarily by Crown's share of the loss of Crown Partners Fund of $(15.1) million with the loss attributable to an unrealized loss recognized by the fund during the period in respect of a loan investment carried at fair value through profit or loss. Total equity per share decreased to $3.52 per basic share from $6.84 per basic share as at December 31, 2023.Since September 30, 2023, Crown has not satisfied certain financial covenant clauses of its credit agreement with its bank. Accordingly, the bank is contractually entitled to request immediate repayment of the outstanding loan in the amount of $14.4 million as of November 12, 2024 and the outstanding balance of $23.9 million as at September 30, 2024 is presented as a current liability. On October 11, 2024, the credit agreement was amended to terminate the $5 million operating loan portion of the credit facility on full repayment on or before October 15, 2024 and to revise the maturity date of the term loan portion of the credit facility to December 31, 2024. The operating loan portion of the credit facility was repaid in full on October 11, 2024. Management is currently in discussions with lenders regarding replacing its current credit facility, however, there is no assurance that such arrangements will become available.As of November 12, 2024, the Corporation had not paid the scheduled interest payment of $1.0 million due on June 30, 2024 in respect of the 10% unsecured subordinated debentures ("Debentures"). Since July 31, 2024, this has constituted an event of default under the terms of the trust indenture that governs the Debentures. On October 18, 2024, the holders of the Debentures approved amendments to the terms of the Debentures to extend the maturity date to December 31, 2026, to amend the interest rates and timing of interest payments and to grant security interest to the trustee for the Debentures. The holders of the Debentures also agreed to waive the default of the Corporation for failure to make the June 30, 2024 interest payment, subject to the Corporation paying such interest by December 17, 2024.As of November 12, 2024, the Corporation had not paid the scheduled interest payment of $0.04 million due on June 30, 2024 in respect of the 10% redeemable secured subordinated debentures ("Subordinated Debentures"). This constitutes an event of default, but the holders of the Subordinated Debentures have not requested immediate repayment.In Q3 2024, Crown's subsidiary, Community Network Partners, received a grant funding payment of $20.3 million for the completion of the second sublot related to its fibre network under the Province of Ontario's Accelerated High-Speed Internet Program.

CALGARY, AB, Oct. 25, 2024 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced that the amendments (the "Debenture Amendments") to its 10% unsecured subordinated debentures due December 31, 2024 (the "Debentures") which were announced by Crown on October 18, 2024 have become effective today.

Crown has entered into an amended and restated trust indenture dated today with TSX Trust Company governing the amended Debentures (the "Amended and Restated Indenture"). A copy of the Amended and Restated Indenture is located on the Corporation's profile on SEDAR+ at www.sedarplus.ca.