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  3. •

    Financial conglomerates
Westaim Corporation

Westaim Corporation

19.49
CAD
+0.19
(+0.98%)
-6.11EPS
756.69MMarket Cap
Nov 12Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.17
3.94
1.02
-0.06
0.62
1.01
0.71
-1.15
1.33
1.09
9.17
1.83
2.17
1.82
Basic EPS, GAAP
-1.5
2.8
0.48
-0.35
0.23
0.7
0.36
-1.44
1.18
0.76
7.98
-0.75
-1.25
-4.36
Free Cash Flow per Basic Share
-1.52
-0.45
-0.11
-0.17
- -
-0.15
0.06
0.78
-0.22
-0.1
-0.13
-2.17
-0.42
9.94
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
12.52
14.27
13.66
13.35
13.66
14.46
14.86
13.43
14.62
15.41
23.6
22.92
19.6
16.26
Tangible Book Value per Share
12.52
14.27
13.66
13.35
13.66
14.46
14.86
13.43
14.62
15.41
23.6
22.92
17.4
14.02
Basic Weighted Avg Shares
2
6
16
24
24
24
24
24
24
24
23
21
30
33
Sales/Revenue/Turnover
- -
25
16
-1
15
24
17
-27
32
26
211
39
66
61
Operating Margin (%)
-1,016.15
-23.94
-42.3
313.87
-37.24
-11.78
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
8
Net Income, GAAP
-3
18
8
-8
6
17
9
-34
28
18
184
-16
-38
-145
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
9.91
- -
0.78
- -
1.23
- -
- -
- -
Profit Margin (%)
-881.24
71.14
47.68
558.59
37.79
69.57
50.52
125.21
88.99
69.96
87.08
-41.24
-57.37
-239.17
Working Capital
31
77
3
-2
-1
20
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
- -
- -
- -
- -
1
1
- -
- -
- -
- -
7
7
Total Equity
29
167
326
319
326
345
355
321
348
363
518
497
658
541
Return on Invested Capital (%)
- -
6.08
2.75
- -
-1.73
-0.88
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
18.08
3.1
- -
2.09
5.57
2.43
- -
8.43
- -
41.73
- -
- -
- -
Return on Common Equity (%)
-10.92
18.08
3.1
-2.57
1.73
5
2.44
-10.19
8.44
5.05
41.75
-3.19
-6.61
-23.66

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
33
33
Market Capitalization
632
608
533

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
283
241
354
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.29%
16.78%
32.26%
Free Cash Flow
-306.57%
235.91%
-72.67%
Net Income, GAAP
0.48%
146.43%
134.93%
Sales/Revenue/Turnover
-95.61%
95.19%
68.89%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
29
-3
11
2
39
2025
-5
34
18
19
66
2026
14
10
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.07
-0.8
-0.05
-0.99
-0.75
2025
-0.34
-0.01
-0.35
-0.56
-1.25
2026
-1
-2.45
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
John Cameron MacDonald
Full Time Employees
180
Sector
Finance
Industry
Financial conglomerates
Address
70 York Street, Suite 1700 New York ON United States M5J 1S9
IPO Date
Jun 3, 1998
Website
westaim.com
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Business
The Westaim Corporation (TSXV:WED) operates as a publicly listed Canadian investment company that provides long-term capital to businesses primarily within the global financial services industry, including annuity insurance and alternative asset management sectors; it invests directly and indirectly through acquisitions, joint ventures, and other arrangements in scalable platforms such as property and casualty insurance via Skyward Specialty Insurance Group, credit and alternative asset management through Arena Investors LP with approximately $3.5 billion in assets under management, and emerging annuity products from Ceres Life Insurance Company; revenue derives mainly from interest income, dividends, and investment returns targeting capital appreciation and wealth preservation for shareholders. Founded in 1996 and headquartered in Toronto, Ontario, with an additional office in New York, the company maintains geographic operations across the United States, Canada, Asia Pacific, Europe, and other regions, focusing on high-conviction partnerships with aligned management teams in financial services subsectors like diversified specialty insurance, institutional credit strategies, and tech-enabled life annuities. Recent strategic developments include a transformative 2024 partnership with CC Capital Partners to create an integrated insurance and asset management platform incorporating Ceres Life led by former Guardian Life CEO Deanna Mulligan; completion in February 2025 of the acquisition of ManhattanLife of America Insurance Company (MAIC), licensed in 46 U.S. states, via affiliates as part of this platform buildout; and a July 2025 commitment of approximately AUS$154 million (US$100 million) to finance CC Capital and One Investment Management's AUS$3.9 billion acquisition of Insignia Financial Ltd, Australia's leading diversified wealth manager with over AUS$330 billion in funds under management, furthering expansion into global wealth management.