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    Financial - Mortgages
Findev Inc.

Findev Inc.

TNSGF
Findev Inc.US flagOther OTC
0.06
USD
- -
- -
1.75MMarket Cap
Findev Inc.
TNSGF
(Other OTC)

Recent

price

0.06

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.89
3.51
4.89
1.37
0.88
- -
- -
0.05
0.06
0.07
0.08
0.09
0.11
0.12
0.13
- -
0.08
Revenue per Share
-2.84
-4.37
-0.96
-1.37
-0.89
1.2
- -
0.05
0.05
0.06
0.07
0.19
0.05
0.07
0.09
- -
-0.23
Basic EPS, GAAP
-2.4
-3.24
-0.33
-0.62
-0.96
-0.99
- -
-0.05
0.02
0.04
0.02
0.03
0.03
0.03
0.03
- -
0.03
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
- -
0.03
Dividend per Share
-7.38
9.17
-11.23
-10.52
-8.98
-7.72
- -
0.12
0.14
0.17
0.2
0.36
0.38
0.42
0.48
- -
0.22
Book Value per Share
3.39
-1.41
-0.75
0.77
-0.51
0.53
- -
0.56
0.58
0.61
0.64
0.8
0.83
0.87
0.93
- -
0.66
Tangible Book Value per Share
2
2
2
3
3
3
- -
29
29
29
29
29
29
29
29
- -
29
Basic Weighted Avg Shares
5
6
10
4
3
- -
- -
2
2
2
2
3
3
3
4
2
2
Sales/Revenue/Turnover
-94.19
-122.22
-23.26
-132.55
-193.97
- -
- -
57.64
85.51
86.84
87.81
90.27
90.78
91.06
86.64
-279.4
-279.4
Operating Margin (%)
- -
1
1
2
2
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-5
-8
-2
-4
-3
4
- -
1
2
2
2
5
2
2
3
-7
-7
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
32.79
32.84
22.47
- -
41.04
Effective Tax Rate (%)
-98.14
-124.49
-19.65
-100.42
-101.4
- -
- -
90.52
85.46
83.65
86.78
202.87
49.5
58.36
67.17
-310.26
-310.26
Profit Margin (%)
5
-1
- -
3
-2
2
15
16
17
17
18
23
24
25
27
10
10
Working Capital
- -
- -
2
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
6
2
2
4
-1
2
15
16
17
17
18
23
24
25
27
19
19
Total Equity
- -
- -
- -
- -
- -
- -
- -
5.76
9.25
10.21
10.9
- -
7.96
8.64
10.06
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
46.23
41.54
38.54
36.59
- -
14.11
17.25
19.95
- -
15.14
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
46.23
41.51
38.52
36.57
66.78
14.11
17.25
19.95
-66
-66
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
29
29
29
Market Capitalization
14
12
11

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
25
25
11
Cash, Cash Equivalents & STI
24
24
11
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
1
1
Payables & Accruals
- -
1
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
79.32%
2.17%
-28.4%
Free Cash Flow
- -
6.57%
6.12%
Net Income, GAAP
- -
-37.41%
-357.08%
Sales/Revenue/Turnover
- -
3%
-44.34%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1
1
1
1
3
2024
1
1
1
1
4
2025
- -
-2
- -
3
2

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.02
0.02
0.01
- -
0.07
2024
0.02
0.02
0.02
- -
0.09
2025
0.01
-0.05
0.01
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.01
0.01
0.01
- -
0.03
2024
0.01
0.01
0.01
- -
0.03
2025
0.01
0.01
0.01
- -
- -
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Business
Findev Inc. is a Toronto-based real estate finance company that specializes in providing financing solutions for real estate developers across the Greater Toronto Area and other Canadian markets. Its core offerings include development and redevelopment loans with one to five-year terms, and special situation loans secured by investment properties and real estate developments such as condominiums, purpose-built rentals, townhouses, low-rise subdivisions, and retail projects. The company supports real estate developments by targeting challenging projects that require expert financing solutions. Founded in 2004 and previously known as TransGaming Inc. until its name change in 2016, Findev operates as a publicly traded entity on the TSX Venture Exchange (Ticker: FDI). In the recent period, Findev has been active in maintaining its market position through strategic dividend announcements and continued operational focus on financing real estate development projects. It declared eligible dividends in late 2025, signaling stable financial management and shareholder value distribution. The company emphasizes its expertise in real estate development financing and leverages relationships with real estate development partners to address complex project financing needs. Findev Lending Inc. operates as its wholly owned subsidiary, underpinning its lending activities. While Findev is primarily focused on Canadian real estate finance, it has also aligned its operational emphasis towards supporting sustainable and specialized financing solutions within its niche market. Separately, it is important to distinguish Findev Inc. from FinDev Canada, a development finance institution focused on investments in emerging markets, agribusiness, and sustainable infrastructure, which is unrelated to the real estate finance company Findev Inc. The latter focuses on real estate development finance and related commercial lending activities within Canada. Thus, Findev Inc. offers specialized real estate financing products focused on development and redevelopment lending with secured loans, has a history dating back to 2004 with a foundational shift from TransGaming Inc., and continues to engage shareholders with dividend distributions while concentrating on complex real estate projects in the Canadian market.

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