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GMP Reports Q3/18 Results; Declares Special Cash Dividend and Reinstates Regular Quarterly Cash Dividend

Toronto, November 9, 2018 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $59.2 million in third quarter 2018, up a notable 72% compared with the same period a year ago.   Third quarter 2018 net income was $2.9 million and EPS of $0.02, compared with a net loss of $2.8 million and a diluted loss per share of $0.06 in third quarter 2017.   On an adjusted basis1, third quarter 2018 net income was $11.3 million, EPS was $0.13 and return on equity was 21.0%.

“We are pleased with our performance in third quarter 2018 as accommodative market conditions for investment banking activity drove revenue growth of 72%. The firm's enhanced operating leverage allowed us to deliver adjusted net income of $11.3 million and adjusted ROE of 21%.  The declaration of a special cash dividend and, as importantly, the reinstatement of a quarterly cash dividend is indicative of GMP's vastly improved operating performance and positive outlook for the franchise.  Additionally, our Wealth Management business continues to deliver solid profitability while growing client assets," said Harris Fricker, President and CEO of GMP.

Commenting further, Fricker said "Leading the way was our strong Canadian Capital Markets business, which continues to be the main driver of profitability, growing revenue by 186% across multiple sectors.  We also remain encouraged that our early leadership position in the financing of emerging opportunities in cannabis and blockchain, has provided the key ingredients for a step change in our non-resource franchise.  Third quarter adjusted earnings highlights the earnings potential of our franchise in a more favourable operating environment with contribution from many of our focused industry sectors."

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Som Seif Announced as a Featured Speaker at GMP Securities Blockchain Conference

Toronto, October 31, 2018 - GMP Securities L.P. (GMP Securities), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced that Som Seif, Founder and CEO of Purpose Investments, as a featured speaker as part of an exciting line-up of digital visionaries at the GMP Securities Blockchain Conference to be held on November 13, 2018 at The Ritz-Carlton, Toronto. 

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SAIFEDEAN AMMOUS PhD ANNOUNCED AS A FEATURED SPEAKER AT THE GMP SECURITIES' BLOCKCHAIN CONFERENCE

Toronto, October 24, 2018 - GMP Securities L.P. (GMP Securities), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced Saifedean Ammous, Ph.D., renowned economist and author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, as a featured speaker as part of an exciting line-up of digital visionaries at the GMP Securities Blockchain Conference to be held on November 13, 2018, at The Ritz-Carlton, Toronto. 

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Dan Morehead Announced as a Featured Speaker at the GMP Securities Blockchain Conference

Toronto, October 19, 2018 - GMP Securities L.P. (GMP Securities), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced Dan Morehead, CEO and Co-CIO of Pantera Capital, as a featured speaker as part of an exciting line-up of digital visionaries at the GMP Securities Blockchain Conference to be held on November 13, 2018 at The Ritz-Carlton Toronto.

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Mike Novogratz Announced as a Featured Speaker at GMP Securities' Blockchain Conference

Toronto, October 17, 2018 - GMP Securities L.P. (GMP Securities), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced Mike Novogratz, CEO of Galaxy Digital LP, as a featured speaker as part of an exciting line-up of digital visionaries at the GMP Securities Blockchain Conference to be held on November 13, 2018 at The Ritz-Carlton, Toronto. 

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GMP Securities to Host Blockchain Conference

Toronto, October 15, 2018 - GMP Securities L.P. (GMP or the Company), a wholly-owned subsidiary of GMP Capital Inc. (TSX: GMP), today announced it will be hosting its 2nd annual GMP Securities Blockchain Technology Conference on Tuesday, November 13, 2018 at The Ritz-Carlton, Toronto. 

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GMP to Announce Third Quarter 2018 Results

TORONTO, ON. (October 3, 2018) – GMP Capital Inc. (GMP) (TSX: GMP) will release its third quarter 2018 financial results on Friday, November 9, 2018.  Third quarter results are expected to be released at approximately 6:00 a.m. (EST).

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GMP Announces Second Quarter 2018 Results

Toronto, August 3, 2018 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $43.8 million in second quarter 2018, down 1% compared with the same period a year ago.  Second quarter 2018 net income was $0.5 million and a diluted loss per share of $0.01, compared with a net loss of $54.2 million and a diluted loss per share of $0.79 in second quarter 2017. The improvement largely reflects a $52.0 million non-cash goodwill impairment charge recorded in second quarter 2017.  On an adjusted basis1, second quarter 2018 net income was $4.0 million and EPS was $0.04.

“Improved net income highlights the benefit of the firm’s enhanced operating leverage and our leadership position in emerging industries.  Adjusted EPS was $0.04 this quarter compared with $0.01 in the same period a year ago while revenues were relatively unchanged.  There are two things we are particularly proud of in second quarter 2018: Our Canadian Capital Markets business grew revenue by 15% led by improved origination activity in cannabis and mining, and our Wealth Management continues to deliver solid profitability while growing client assets. We are also encouraged by improving capital markets activity levels,” said Harris Fricker, President and CEO of GMP.

First half 2018 revenue was $96.4 million, up 3% compared with the same period last year.  GMP recorded net income of $4.6 million and EPS of $0.03 in first half 2018 compared with a net loss of $50.8 million and a diluted loss per share of $0.76 in first half 2017.  First half 2017 included the non-cash goodwill impairment charge. On an adjusted basis1, net income was $11.4 million in first half 2018, generating EPS of $0.12, compared with net income of $8.6 million and EPS of $0.08 in first half 2017. 

1. Considered to be a non-GAAP financial measure. This measure does not have any standardized meaning prescribed by generally accepted accounting principles (GAAP) under IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers.  This data should be read in conjunction with the “Non-GAAP Measures” section at the end of this press release and the “Presentation of Financial Information and Non-GAAP Measures” section in the Second Quarter 2018 MD&A.

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GMP Capital To Announce Second Quarter 2018 Results

TORONTO, ON. (July 11, 2018) – GMP Capital Inc. (GMP) (TSX: GMP) will release its second quarter 2018 financial results on Friday, August 3, 2018. Second quarter results are expected to be released at approximately 6:00 a.m. (EST).

SECOND QUARTER 2018 CONFERENCE CALL
A conference call and live audio webcast to discuss GMP’s second quarter 2018 results will be held that morning at 10 a.m. (EST). Interested parties are invited to access the quarterly conference call on a listen-only basis by dialing 416-340-2216 or 1-800-273-9672 (toll free) or via live audio webcast at http://gmpcapital.com/Investor-Relations/Quarterly-Information.

A recording of the conference call will be available until Friday, August 10, 2018, by dialing 905-694-9451 or 1-800-408-3053 (toll free) and entering access code 7855958#. The webcast will be archived at http://gmpcapital.com/Investor-Relations/Quarterly-Information.

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GMP Securities to Donate 100 percent of Trading Commissions in Support of Covenant House Toronto

TORONTO, ON. (May 28, 2018) - GMP Capital Inc. (GMP) (TSX: GMP), a leading Canadian diversified financial services firm, announced today that its subsidiary GMP Securities L.P., in partnership with Grit Capital, Einstein Exchange and Vanbex Ventures, will host a charity trading day on Wednesday, June 6, 2018, in support of Covenant House Toronto's anti-sex trafficking campaign.

GMP Capital Inc. is also proud to renew its title sponsorship for the second annual 'Grand Commission' being held the evening of June 6, 2018 at the Ritz Carlton Toronto. The GMP Capital Grand Commission is a multi-dimensional fundraiser that merges pledge-driven corporate giving with a black-tie affair. Employing innovative strategies to accelerate fundraising initiatives, the Grand Commission identifies the most vulnerable areas of Toronto – with proceeds from the 2018 gala in support of Covenant House. The first of its kind in Canada, this year's charity trading day combines traditional equity trading with the dynamic world of cryptocurrency trading.

On June 6, 2018, GMP Securities L.P. will donate 100% of all agency trading commission dollars from institutional equity trades generated. Joining GMP that day will be Einstein Exchange, Vanbex Ventures and Grit Capital who will donate cryptocurrency trading commissions. Celebrities such as Canadian NHL players Barclay Goodrow of the San Jose Sharks and Ryan Murphy of the Minnesota Wild, together with Todd Shapiro of SiriusXM will join the GMP trading desk on the morning of June 6, 2018 to be part of the benevolent movement.

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