ECN Capital Corp.

Thank you for standing by. This is the conference operator. Welcome to the ECN Capital first quarter 2025 results conference call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star, then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star, then zero. I would now like to turn the meeting over to Catherine Moradieos, Vice President of Finance and Investor Relations. Please go ahead, Catherine. Thank you, Jen.

Good afternoon, everyone, and thank you all for joining this call. Joining us today on the call are Stephen Hudson, Chief Executive Officer of ECN, Jackie Weber, Chief Financial Officer of ECN, Lance Hull, President of Triad Financial, Matt Heidelberg, Chief Operating Officer of Triad Financial, James Berry, Chief Financial Officer of Triad, Hans Krause, Founder and CEO of IFG, Mike Optill, President of SourceOne. A news release summarizing these results was issued this afternoon, and the financial statements in MD&A for the three-month period ended March 31, 2025, have been filed with CDAR+. These documents are available on our website at www.ecncapitalcorp.com. Presentation slides to be referenced during the call are accessible in the webcast as well as in PDF format under the presentation section of the company's website. Before we begin, I want to remind our listeners that some of the information we are sharing with you today includes forward-looking statements. These statements are based on assumptions that are subject to significant risk and uncertainties. I will refer you to the cautionary statement section of the MD&A for a description of such risk, uncertainties, and assumptions. Although management believes that the expectations reflected in these statements are reasonable, we can obviously give no assurance that the expectations of any forward-looking statements will prove to be correct. You should note that the company's earnings release, financial statements, MD&A, and today's call include references to non-IFRS measures, which we believe help to present the company and its operations in ways that are useful to investors. A reconciliation of these non-IFRS measures to IFRS measures can be found in our MD&A. All figures are presented in U.S. dollars unless explicitly noted. With these remarks complete, I will now turn the call over to Steve Hudson, CEO.

Thank you. Good afternoon. Before I begin my prepared remarks, let me start by saying that the first quarter clearly demonstrates how robust and resilient our business is. We're happy to report our first quarter earnings of $0.03 per share, which is the high end of our guidance. Triad's adjusted operating income was at just over $13 million, which represents a 44% increase year over year. High margin channel originations were up almost 44%, and in April were up almost 68%. We're pleased to welcome JP Morgan and New York Life to Triad's family of flow partners. On RV Marine adjusted, we're reporting adjusted operating income of $1.2 million. And we're pleased to announce the extension of our partnership with Monroe Capital to include RV Flow. James.