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GMP Reports Q4 and Year-End 2016 Results

Toronto, March 3, 2017 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $65.2 million in fourth quarter 2016 representing an 85% increase relative to the same period a year ago. GMP recorded net income of $3.2 million and diluted earnings per share (EPS) of $0.03 in fourth quarter 2016 compared with a net loss of $15.6 million and diluted loss per share of $0.26 in fourth quarter 2015. Adjusted EPS1 was $0.07 in fourth quarter 2016 compared with an adjusted diluted loss per share1 of $0.21 in the prior year quarter. “GMP benefited from a solid rebound in client activity in fourth quarter 2016 with a strong performance in our advisory franchise driving a 230% rise in investment banking fees compared with fourth quarter 2015,” said Harris Fricker, President and Chief Executive Officer, GMP. “We are encouraged by our financial results this quarter which included an impressive contribution from GMP FirstEnergy and demonstrate the powerful  leverage we've embedded into our business over the last year.” Fourth quarter 2015 results included pre-tax expenses of $21.5 million recorded in connection with the restructuring of the Capital Markets segment.

Earned net income of $3.2 million and diluted earnings per share of $0.03 in fourth quarter, revenues increased 85%

Fourth quarter adjusted diluted earnings per share1 of $0.07 including meaningful contribution from GMP FirstEnergy 

For further information about GMP Capital Inc., our results for fourth quarter and year-end 2016 and the meaning of certain references, this earnings release should be read in conjunction with our annual financial statements as at and for the year ended December 31, 2016 (2016 Annual Financial Statements), our management's discussion and analysis for the year ended December 31, 2016 (2016 Annual MD&A) and our annual information form, which can be accessed on our website at gmpcapital.com and on SEDAR at sedar.com. Unless otherwise indicated, all dollar amounts are expressed in Canadian dollars and have been taken from our 2016 Annual Financial Statements prepared in accordance with generally accepted accounting principles (GAAP) under International Financial Reporting Standards (IFRS).

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GMP to Announce Q4/16 and Year-End 2016 Results

TORONTO, ON. (February 1, 2017) – GMP Capital Inc. (GMP) (TSX: GMP) will announce its fourth quarter and fiscal 2016 financial results and host an earnings conference call on Friday, March 3, 2017.  Financial results are expected to be released at approximately 6:00 a.m. (ET).


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GMP Responds to Speculation Regarding its Investment in Richardson GMP

GMP CAPITAL INC. RESPONDS TO SPECULATION REGARDING ITS INVESTMENT IN RICHARDSON GMP

 Toronto, November 10, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) today announced that in response to ongoing speculation regarding GMP’s equity holding in Richardson GMP Limited (Richardson GMP) and in the wake of a consideration of options available, GMP confirms that it will be retaining its investment and, further, that Richardson GMP will be staying the course as the leading Canadian independent in the domestic wealth management space.


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GMP Reports Q3/16 Results

Toronto, November 2, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $43.5 million for third quarter 2016, down 19% compared with the same period last year. Loss before income tax was $11.4 million compared with loss before income tax of $7.1 million in third quarter 2015. Third quarter 2016 results include $15.1 million in pre-tax restructuring and integration expenses associated with our previously announced acquisition of First Energy Capital Holdings Corp. (FirstEnergy). GMP recorded a net loss of $10.6 million and a diluted loss per share of $0.18 in third quarter 2016, compared with a net loss of $11.1 million and diluted loss per share of $0.19 in third quarter 2015. On an adjusted basis1, GMP reported net income of $2.2 million and diluted earnings per share (EPS) of $0.01. 

For further information about GMP Capital Inc., our results for third quarter 2016 and the meaning of certain references, this earnings release should be read in conjunction with our unaudited interim condensed consolidated financial statements as at and for the three and nine months ended September 30, 2016 (Third Quarter 2016 Financial Statements), and our management's discussion and analysis for the three and nine months ended September 30, 2016 (Third Quarter 2016 MD&A), which can be accessed on our website at gmpcapital.com and on SEDAR at sedar.com. Unless otherwise indicated, all dollar amounts are expressed in Canadian dollars and have been taken from our Third Quarter 2016 Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS).

 

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GMP To Announce Q3/16 Results

TORONTO, ON. (October  5, 2016) – GMP Capital Inc. (GMP) (TSX: GMP) will release its third quarter 2016 financial results on Wednesday, November 2, 2016.  Third quarter 2016 results are expected to be released at approximately 6:00 a.m. (EST).

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GMP Completes Acquisition of FirstEnergy Capital

Toronto, October 3, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) announced today that it has completed the previously announced acquisition of FirstEnergy Capital Corp. (FirstEnergy), an industry leader in the global energy sector with nearly a quarter century of transactional expertise.  The combination of GMP and FirstEnergy creates a premier franchise in the global energy and Canadian independent brokerage spaces. 

• Optimally positioned as a premier franchise in the independent brokerage space

• GMP’s combined energy businesses will operate under the GMP FirstEnergy brand

• GMP expands its Executive Committee

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GMP REPORTS SECOND QUARTER 2016 RESULTS

GMP CAPITAL INC. REPORTS SECOND QUARTER 2016 RESULTS

GENERATED PRE-TAX EARNINGS OF $0.3 MILLION ON REVENUE OF $41.5 MILLION

For further information about GMP Capital Inc., our results for second quarter 2016 and the meaning of certain references, this earnings release should be read in conjunction with our unaudited interim condensed consolidated financial statements as at and for the three and six months ended June 30, 2016 (Second Quarter 2016 Financial Statements), and our management's discussion and analysis for the three and six months ended June 30, 2016 (Second Quarter 2016 MD&A),which can be accessed on our website at gmpcapital.com and on SEDAR at sedar.com. Unless otherwise indicated, all dollar amounts are expressed in Canadian dollars and have been taken from our Second Quarter 2016 Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS).

 

Toronto, August 5, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $41.5 million in second quarter
2016, down 48% compared with the same period last year. Income before income tax was $0.3 million in second quarter 2016. GMP recorded a net loss of $0.7 million and a diluted loss per share of $0.02 in second quarter 2016, compared with net income of $5.5 million and diluted earnings per share (EPS) of $0.06 in second quarter 2015.

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GMP TO ACQUIRE FIRSTENERGY CAPITAL

GMP CAPITAL INC. TO ACQUIRE FIRSTENERGY CAPITAL

• Enhances GMP’s positioning in Canadian energy and the independent brokerage space

• Combined energy businesses will be rebranded “GMP FirstEnergy” and continue to be headquartered in Calgary

• Key members of FirstEnergy’s management team will join GMP’s Executive Committee

Toronto, August 4, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) announced today that it has agreed to acquire FirstEnergy Capital Corp. (FirstEnergy).  Established in 1993, FirstEnergy is an industry leader in the global energy sector providing financial advisory and investment services to a broad range of corporate clients and sophisticated investors worldwide.   Since 2008, FirstEnergy has completed over $63 billion in equity financing transactions in the energy sector and has advised on 159 transactions with an aggregate value of $31 billion. The firm has 91 employees in its Calgary and London offices across investment banking, sales and trading and research.  GMP will operate the combined energy businesses under the “GMP FirstEnergy” brand.

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GMP to Announce Second Quarter 2016 Results

TORONTO, ON. (July 6, 2016) – GMP Capital Inc. (GMP) (TSX: GMP) will release its second quarter 2016 financial results on Friday, August 5, 2016.  Second quarter 2016 results are expected to be released at approximately 6:00 a.m. (EST).

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GMP Announces Election of Directors

TORONTO, ON. (April 29, 2016) – GMP Capital Inc. (GMP) (TSX:GMP) today announced that the nominees listed in the Management Information Circular dated March 21, 2016, were elected as directors of GMP.  The detailed results of the vote for the election of directors held at GMP’s Annual Meeting of Common Shareholders (the Meeting) on Thursday, April 28, 2016, in Toronto, Ontario, are set out below.

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Review our forward-looking statements disclosure. 

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