ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q1 2025 Français
OTTAWA, ON, May 29, 2025 /CNW/ - The Royal Canadian Mint (the "Mint") is announcing its financial results for the first quarter of 2025. These results provide insights into the Mint's activities, the impacts of economic uncertainties and trade barriers on its businesses and its expectations for the next 12 months.
"Throughout the first quarter, the Royal Canadian Mint navigated the uncertainties of a challenging and unpredictable global market," said Marie Lemay, President and CEO of the Royal Canadian Mint. "Our talented people invested a lot of time and energy over the last several months to evaluate the impact of U.S. tariffs and respond to the market volatility in a way that positions the Mint to withstand these headwinds over the long-term by adjusting our priorities and capitalizing on opportunities."
To read the Mint's First Quarter Report for 2025, please visit www.mint.ca.
The Mint's 2024 Annual Report, including its audited financial statements as at and for the year ended December 31, 2024, was submitted to the Minister of Finance on March 27, 2025, in accordance with the Financial Administration Act Section 50(1). As of the date of this earnings release, the Mint's 2024 Annual Report has not been tabled in Parliament and will not be available for public release until the tabling occurs.
About the Royal Canadian Mint
The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada's prestigious military and civilian honours. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations.
For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on LinkedIn, Facebook and Instagram.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
American Express Ranks No. 1 in Canada for Credit Card Mobile App Satisfaction for Third Year in a Row
TORONTO, June 5, 2025 /CNW/ - For the third consecutive year, the American Express App has ranked number one in Credit Card Mobile App Satisfaction in Canada, according to the J.D. Power 2025 Canada Credit Card Mobile App Satisfaction Study. "Our Cardmembers depend on us to deliver digital experiences that are not just intuitive and reliable, but also vital to their everyday lives," said Brett Mooney, President & CEO, American Express Canada. "Being celebrated by J.D. Power for the third year in a row showcases the power of our strategy and the substantial investments we've made to elevate the Cardmember experience. We are thrilled to set a high standard for mobile across the industry and even more excited about our unwavering commitment to surpass our Cardmembers' expectations." The J.D. Power 2025 Canada Credit Card Mobile App Satisfaction Study evaluates thousands of credit card customers across four key categories: navigation, visual appeal, speed, and information/content. American Express received the highest score across all four, demonstrating its continued leadership in mobile experience innovation. American Express scored higher overall in customer satisfaction compared to 2024. Over the past year, American Express introduced new features and enhancements to the Amex App, designed to meet and exceed the needs of today's customers, including: Seamless Rewards: Introduction of a new Membership Rewards hub that allows mobile app users to see all their redemption options in one place, improving ease of navigation and access to features like Use Points for Purchases. Simplified Authentication: Launch of integrated verification in the mobile app that allows Cardmembers to access and engage with account features more seamlessly. Improved Payments Experience: A refreshed payments design with newly introduced functionality provides a simpler and more intuitive way for mobile app users to engage with their payment activity. For more information about the Amex App and its features visit: About J.D. Power J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modelling capabilities to understand consumer behaviour, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies. J.D. Power has offices in North America, Europe and Asia Pacific. To learn more about the company's business offerings, visit About American Express Amex (NYSE: AXP) is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, Amex' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in over 200 countries and territories, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations.
Cision Canada
an hour ago
- Cision Canada
Kia Canada Follows April Sales Record with Impressive May Sales Record Français
Second highest monthly sales in Kia Canada history with a total of 9,845 units sold in the month of May Record monthly sales for Sportage in Kia Canada history with 2,651 units sold EV9 sales up 15% YTD TORONTO, June 5, 2025 /CNW/ - Coming off its best-ever monthly sales record in April, Kia Canada is announcing its second best-ever sales month with an incredible 9,845 units sold in May. The May sales record is a +19.9% increase YoY. May represents the most monthly sales in Kia Canada history for Sportage, with 2,651 units sold. The 2026 Sportage received an extensive list of enhancements in design, innovation, technology and convenience and is available in three different powertrains including ICE, HEV and PHEV, providing consumers with different options to fit their driving needs. The refreshed Sportage is available in dealerships across the country, with HEV and PHEV models landing later this year. "Achieving back-to-back record sales months is extremely exciting for the brand" says Elias El-Achhab, VP and COO of Kia Canada. "The record setting sales numbers for Sportage continue to demonstrate consumer demand and market competitiveness for our number one selling SUV – the Kia Sportage. We look forward to a continuing trend of positive sales results in the second half of the year." Leading the way in May sales is Sportage with 2,651 units sold, followed by Seltos with 1,688 units sold, and the Sorento rounding out the top three with 1,590 units sold. To stay up to date on Kia's latest products and services, visit SOURCE Kia Canada Inc.
Cision Canada
2 hours ago
- Cision Canada
Reko Responds to Economic Headwinds in the Third Quarter of Fiscal 2025
WINDSOR, ON, June 5, 2025 /CNW/ - Reko International Group Inc. (TSXV: REKO) today announced results for its third quarter ended April 30, 2025. Third Quarter Highlights: Sales increase of $742 or 7.7% over the prior year Gross profit improvement of $1.3M in third quarter and $1.8M year-to-date EPS of ($0.06) unfavourably impacted by ($0.16) per share due to restructuring costs Continued strong balance sheet with working capital improvement of $3.5M over prior year Financial Highlights: (in 000's,except for per share data) (1) Earned revenue is a non-IFRS measure and is calculated as sales less costs associated with purchased material and subcontracting. Earned revenue margin is an expression of earned revenue as a percentage of sales A reconciliation of this non-IFRS measure is included in the MD&A (2) Adjusted EBITDA is a non-IFRS measure and is defined as adjusted earnings from operations excluding depreciation and amortization. A reconciliation of this non-IFRS measure is included in the MD&A. Consolidated sales for the quarter ended April 30, 2025, increased by 7.7%, or $742, compared to the same period last year. Sales in certain areas of the business are influenced by the number of active projects, the value of awards, and the timing of project milestones, all of which can vary significantly by job, sector, and customer. Year-to-date sales are $31,372, representing an 11.0% decline compared to the prior year, reflecting reduced project volumes in the automotive sector and continued economic uncertainty, including tariff-related delays in project awards. Gross profit increased to 17.1% of sales, compared to 4.4% in the prior-year quarter, driven by improved execution on fixed-price contracts and a more selective go-to-market strategy. A lower volume of projects and their stage of completion also contributed to reduced direct project costs, including materials and subcontracting. In addition, the Company continues to manage fixed labour costs through various measures to better align with current sales levels. Net loss for the quarter ended April 30, 2025, was ($352), or ($0.06) per share, compared to a net loss of ($849), or ($0.15) per share, in the same quarter of the prior year. Results for the quarter include a net unfavourable impact of ($0.16) per share from non-operating items comprised of restructuring costs of ($0.16) per share, a write-down of assets totaling ($0.05) per share and a gain of $0.05 per share related to net insurance proceeds. In the same period last year, non-operating items resulted in a net expense of $0.04 per share. "In response to continued economic headwinds, including political uncertainty and potential tariff impacts in our key U.S. markets, we undertook a strategic restructuring to align our cost base with current conditions," stated Diane Reko, CEO. "While we delivered improved sales and earnings compared to the same period last year, stabilization is still underway. We are focused on strengthening performance and executing our strategy to position the Company for sustained long-term growth." During the quarter, the Company purchased and subsequently cancelled 5,700 shares under the normal course issuer bid that was announced on January 6, 2025 at a net cost of $ 21. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About Reko International Group Inc. Reko International Group Inc. (TSX-V: REKO) is a diversified, technology-driven manufacturing company located in Southwestern Ontario, just minutes from the U.S. border. With expertise in robotic automation equipment and precision machining services, Reko is a "go-to" supplier for companies in the automotive, aerospace, rail, mining, power generation, offsite construction, infrastructure and capital equipment industries. Reko strives to be a pillar and protector of sustainable North American manufacturing and production.
