VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) — Madison Pacific Properties Inc. (the Company) (TSX:MPC), a Vancouver-based real estate company announces the results of operations for the six months ended June 30, 2025.
In July 2024, the Company’s Board of Directors approved a change of financial year-end of the Company from August 31 to December 31. This change of year-end is effective for the financial year commencing September 1, 2024. The comparative figures presented for the six months ended June 30, 2025 are the six months ended May 31, 2024.
The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.
For the six months ended June 30, 2025, the Company is reporting a net income of $22.4 million (six months ended May 31, 2024: $13.6 million); cash flows generated from operating activities before changes in non-cash operating balances of $6.0 million (six months ended May 31, 2024: $6.3 million); and income per share of $0.30 (six months ended May 31, 2024: $0.23). Net income includes a net gain on the fair value adjustment on investment properties of approximately $21.9 million (six months ended May 31, 2024: $9.7 million), interest income of $0.5 million (six months ended May 31, 2024: $1.3 million), interest …