Atrium Mortgage Investment (AI) investor relations material

Executive summary

• Delivered net income of CAD 11.7 million and basic EPS of CAD 0.24 in Q2 2026, down from CAD 13.1 million and CAD 0.28 in Q2 2025, amid a subdued lending environment but with early signs of real estate market improvement.

• Maintained a conservative risk profile with 96.9% of the portfolio in first mortgages and a weighted average LTV of 62.5%.

• Opened a new Alberta office in April 2026, expecting increased loan origination from Western Canada in H2 2026.

• Market-leading non-bank lender with $860.1M in assets under management and $579.6M market capitalization as of June 30, 2026.

• Consistent track record of steady earnings and dividends, supported by a defensive lending strategy and prudent expense management.

Financial highlights

• Q2 2026 net income was $11.7 million, down 10.5% year-over-year; basic EPS was $0.24 (vs. $0.28 prior year); Q2 revenue was $18.7 million, down 11.8% year-over-year.

• Mortgage portfolio ended Q2 at $860.1 million, down 6.2% from year-end 2025.

• Weighted average interest rate on the portfolio was 8.69%; weighted average cost of borrowing on the credit facility declined to 4.67%.

• Total allowance for credit losses was $30.1 million, representing 3.5% of the portfolio.

• Book value per share was $10.99 at June 30, 2026.

Outlook and guidance

• Expect mortgage portfolio to exceed $900 million by year-end 2026, driven by increased origination and moderating repayments, especially from Western Canada.

• Repayment activity anticipated to moderate in the second half of the year.

• Weighted average interest rate expected to remain stable going forward.

• Emphasis on preserving capital and delivering steady, safe returns to shareholders.

• Regular monthly dividend of $0.0775 per share continues.