IOU Financial Inc.’s Results for the Three and Six Month Period Ended June 30, 2015

Montreal, August 25, 2015 – IOU FINANCIAL INC. (“IOU” or “the Company”; ticker symbol IOU/TSX-V), a leading online lender to small businesses, announced today its results for the three and six month period ended June 30, 2015.

Loan originations for the second quarter ended June 30, 2015 were US$33.8 million, representing an increase of 39.7% over loan originations of US$24.2 million for the same period last year. For the six month period ended June 30, 2015, IOU Financial originated US$65.1 million in loans, representing an increase of 46.0% over loan originations of US$44.6 million for the same period last year. On June 30, 2015, IOU Financial’s total loans under management amounted to approximately $73.4 million as compared to $41.0 million for the same period last year, representing an increase of 79% over the same period in 2014.

On June 30, 2015, the principal balance of the loan portfolio amounted to $19.5 million compared to $11.0 million for the same period last year, while the principal balance of IOU Financial’s servicing portfolio (loans being serviced on behalf of other parties) amounted to approximately $53.9 million compared to $30 million for the same period last year. IOU Financial recorded revenues for the quarter ended June 30, 2015 of $2.9 million versus $1.5 million for the quarter ended June 30, 2014, representing a 93.3% increase. For the six month period ended June 30, 2015 IOU Financial recorded revenues of $5.5 million versus $2.8 million for the same period in 2014, representing an increase of 96.4%.

IOU Financial recorded net financial income before operating expenses for the quarter ended June 30, 2015 of $1.8 million versus $1.3 million for the quarter ended June 30, 2014, representing a 43% increase. For the six month period ended June 30, 2015 IOU Financial recorded net financial income before operating expenses of $3.8 million versus $2.2 million for the same period in 2014, representing an increase of 73.5%.

The Company closed its second quarter of 2015 with a net loss attributable to common shareholders of $696,296, or $0.01 per share, compared to a net loss of $424,529 or $0.01 per share during the same period of 2014. For the six month period ended June 30, 2015, IOU Financial had a net loss attributable to common shareholders of $911,294 or $0.02 per share (2014: $839,313 or $0.02 per share).

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