Solution financial reports Q1 2025 Financial results

March 14, 2025 19:25 PM Edt | Source: Solution Financial Inc.

Vancouver, British Columbia -(Newsfile Corp. -14. March 2025) – Financial Inc. Solution (TSX: SFI) (The “Pursue“))) A leading provider of luxury and ultra luxury asset leasing in Canada announced its financial results for the first quarter of January 31, 2025.

The profit highlights for the quarter:

• The net loss for the quarter was $ 63,595 compared to the net result of $ 21,171 in the comparison quarter in 2024.
• Adapted net result (loss)⁽¹⁾ decreased to ($ 8,197) compared to $ 112,604 in the comparison quarter.
• The turnover decreased to $ 2,474,474 compared to $ 2,658,360 in the comparison quarter.
• The entire leasing portfolio rose 8% in the quarter to $ 30,196,926.

Operative highlights for the quarter:

• The company reached the milestone of $ 30 million for its growing leasing portfolio after it started with only 6 million US dollars when the company began as a stock corporation.

“The first quarter of the 2025 presented a challenging economic environment, since Canadian consumers and companies were caution in response to the growing macroeconomic pressure,” said Bryan Pang, CEO of Solution Financial Inc. “Uncertainty in relation to potential US tariff escalation and postponement of political dynamics, which leads to a slowdown in the instrument, in the output Insubflings, in the output, in luxury, in the output, luxury, in luxury, endurance, in discretion.

Despite this headwind, we continue to focus on performing our strategy and identifying new opportunities in our niche markets. Our ability to migrate changing economic conditions, at the same time maintain disciplined cost management and a strong financial position, still differentiates us from competitors. The resistance of our local leasing program in combination with our proactive approach to manage credit and asset britating brings us to a solid position to give short-term challenges and use the opportunities for growth if the market conditions are stabilizing.

With regard to the future, we are optimistic that the economic uncertainty will increase demand on the luxury and ultra-luxury markets that will increase the renewed dynamics. With a disciplined approach and strong partnerships, we are sure that we adapt, grow and value both our shareholders and our customers, “concluded Pang.

Financial results

Solution reports a net loss of $ 63,595 or $ 0.001 per share for January 31, 2025. This corresponds to the net result of $ 21,171 or 0.001 per share for the quarter ending on January 31, 2024.

The adapted net income that reflects the actual cash result for the quarter, which ended on January 31, 2025, was more reflected ($ 8,197).⁽¹⁾ or $ 0.000 per share compared to $ 112,604 or 0.001 USD per share for January 31, 2024. The adapted net result concludes the effort for non-cash accentions in connection with assets of $ 16,533, income tax claim of $ 13,000, depreciation of $ 25,839 and commission for credit losses in $ 26,026.

Rental portfolio

On January 31, 2025, solution had 352 vehicles in its leasing portfolio, which increased 10 vehicles in quarter to increase the entire leasing portfolio to $ 30.2 million.

As of January 31, 2025, the average remaining rental contract period for the portfolio was 1.9 years and weighted with the net book value for every vehicle. As of January 31, 2025, the 352 rental contracts of solutions generated an annualized gross rental and leasing -cashflows of approximately 7.7 million US dollars.

About solution

Financial solution began in 2004 and specialized in the procurement and leasing of luxury and exotic vehicles, yachts and other high-quality assets. Solution works with a selected group of luxury automotive and sea dealers that offer customers solutions that prefer more flexible leasing options than those traditionally offered by banks and other rental providers. Typical customers include new immigrants, business owners and international students who upgrade their vehicles more often than allows traditional rental contracts. Solution Financial offers a unique leasing experience in which it works with its customers to obtain the source in limited edition and acquire vehicles, as well as offer white glove services for customers for insurance, maintaining, upgrading and resale their vehicles.

Note 1- non-iFRS financial metrics

Solution offers all financial information according to the standards for international financial reporting (“IFRS”). In order to supplement our consolidated financial statements, which was presented in accordance with the IFRS, we also present certain non-IFRS financial measures, including the adjusted net income, with this press release. When calculating these non-iFRS financial measures, we have excluded certain transactions that do not necessarily indicate our ongoing business work or have no effects on cash flows. These measures are not recognized in the context of IFRS and have no standardized importance that IFRS prescribed, and it is therefore unlikely that they are comparable to similar measures that are shown by other issuers. These measures should neither be isolated nor as a replacement for the analysis of our financial information reported in the IFRS.

Warning statement on forward -looking statements

This press release contains “future -oriented information”, which are defined in accordance with the applicable Canadian securities laws. Among other things, this information includes statements about our goals, our strategies to achieve these goals, as well as statements regarding the beliefs, plans, estimates, projections and intentions of management and similar statements about expected future events, results, performance or expectations that are not historical facts. Future -oriented information can generally be found by using future -oriented terminology such as “Outlook”, “objective”, “May”, “Will”, “expect”, “intend”, “appreciation”, “anticipate”, “belief”, “further” or “continuous” or “continuous” or “continuous” or “continent” or similar expressions become. Such future -oriented information reflects the current beliefs of management and are based on information that is currently available to management. Although future -oriented information contained in this press release on what the management believes is reasonable assumptions, it cannot be certain that the actual results match these future -oriented information. Certain statements contained in this press release can be regarded as “financial prospects” for the purposes of the applicable Canadian securities laws. Therefore, the financial prospects may not be appropriate for other purposes than this press release.

The future -oriented information contained in this press release is created for the date of this press release and should not be instructed as the views of the solution at the time of the date of this press release. Unless under applicable law, the Board of Directors assumes the administration and solution to publicly update or revise future -oriented information, be it based on new information, future events or otherwise.

Neither TSX nor its regulatory service provider (as this term is defined in the guidelines of the exchange) assumes the responsibility for the adequacy or accuracy of this publication.

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