Dominion Lending Centres, Inc.: Strong Financial Performance and Strategic Growth Drive Buy RatingYesterday, DLCG delivered a solid Q3/F25, with strong growth in funded mortgage volumes (FMV), robust revenue growth and stable margin performance despite timing-related increases in operating costs. Velocity fintech platform continues to rise and remains a clear structural advantage, in our view, supporting improved broker productivity and higher platform-driven fee capture. While macro conditions, particularly interest rates and housing demand, remain a watch point, we believe the quarter demonstrates the durability of DLCG’s franchise model and its ability to scale. Free cash flow also accelerated meaningfully, reinforcing DLCG’s ability to return capital to shareholders while investing in growth. Overall, we believe the results reflect solid operational execution and continued structural growth potential.