The Canadian firm swung to a C$12.5 million net income in Q1, reversing a C$1.0 million loss from the same period last year.
Western Investment reported first-quarter net income of C$12.5 million, or C$0.08 per share, compared with a net loss of C$1.0 million, or C$0.01 per share, in Q1 2025.
The company did not provide consensus estimates or prior guidance. Last year’s loss was driven by one-time restructuring charges, which were absent in the current quarter.
No immediate market reaction was disclosed in the release.