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Investor Presentation Q3 2025 October 2025 Disclaimer Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures (including on a forward-looking basis) such as Adjusted Net Revenue, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EPS, ROTCE, Adjusted Net Income, Adjusted Net Income Margin, Adjusted Noninterest Income, and Tangible Book Value. These non-GAAP measures are in addition to, and not a substitute for or superior to, measures of financial performance prepare ...

Core Insights - SoFi Technologies anticipates an increase in customer acquisition and profitability in 2025, exceeding previous expectations due to a growing membership base [1] Company Summary - The company is experiencing a swell in its membership count, which is a key driver for its projected growth in customers and profits [1]

Financial Performance - SoFi reported record net revenue of $961.6 million for Q3 2025, a 38% increase from $697.1 million in Q3 2024[7] - Adjusted net revenue reached a record $949.6 million, up 38% year-over-year from $689.4 million[7] - Net income for Q3 2025 was $139.4 million, representing a 129% increase compared to $60.7 million in Q3 2024[9] - Total financial services products revenue reached $16.1 billion in Q3 2025, a 37% increase from $11.8 billion in Q3 2024[33] - Total net revenue for Q3 2025 reached $961.6 million, a 38% increase from $697.1 million in Q3 2024[78] - Noninterest income for Q3 2025 was $376.5 million, a 41.5% increase from $266.1 million in Q3 2024[87] - The company reported a net income of $139.4 million for Q3 2025, compared to $60.7 million in Q3 2024, representing a 129% increase[78] - Adjusted net income for the nine months ended September 30, 2025, reached $307,771,000, up from $166,192,000 in the same period of 2024, marking a 85.0% increase[118] Member and Product Growth - Member growth reached 12.6 million, up 35% year-over-year, with 905,000 new members added in the quarter[6] - Total products grew to 18.6 million, a 36% increase year-over-year, with 1.4 million new products added[15] - The number of members reached 12,642,375 as of September 30, 2025, a 24.5% increase from 10,127,323 members a year earlier[124] - Total products offered increased to 18,553,053 as of September 30, 2025, up from 14,745,435 in the same period of 2024, marking a growth of 25.5%[124] - The total number of lending products reached 2,462,588 as of September 30, 2025, compared to 2,010,354 a year earlier, indicating a growth of 22.5%[124] Revenue Segments - Fee-based revenue hit a record $408.7 million, up 50% from the prior year, driven by strong performance across various segments[8] - Lending segment GAAP net revenue was $493.4 million, up 25% year-over-year, driven by a 35% increase in net interest income[39] - Technology Platform segment net revenue increased 12% year-over-year to $114.6 million, with a contribution margin of 28%[35] - Lending segment adjusted net revenue was $481.4 million, a 23% increase from the prior year[42] - Total net revenue for the consolidated entity reached $961,600,000 in Q3 2025, compared to $598,618,000 in Q3 2024, reflecting a 60.5% increase[134] - Total net revenue for the Financial Services segment was $419,623,000 in Q3 2025, up from $362,533,000 in Q3 2024, indicating a 15.7% increase[134] Loan Originations and Performance - Loan originations reached a record $9.9 billion, a 57% increase year-over-year, with personal loans at $7.5 billion[10] - Record origination volume of $9.9 billion in Q3 2025, a 57% increase year-over-year, with personal loans at $7.5 billion, up 53%[48][49] - Personal loans origination volume increased by 53% to $7,488,879 thousand in Q3 2025 from $4,892,040 thousand in Q3 2024[58] - Home loans origination volume surged by 93% to $944,651 thousand in Q3 2025 compared to $489,767 thousand in Q3 2024[58] - The personal loan annualized charge-off rate decreased to 2.60% from 2.83% in the prior quarter, indicating improved credit performance[53] - The average loans for personal loans in Q3 2025 were $20,963,542,000 with net charge-offs of $137,342,000, resulting in a charge-off ratio of 2.60%[138] Guidance and Projections - The company raised its 2025 guidance, reflecting confidence in its growth strategy and market position[1] - Management expects to add at least 3.5 million new members in 2025, representing approximately 34% growth from 2024 levels[62] - Adjusted net revenue for 2025 is projected to be approximately $3.54 billion, which is $165 million higher than the previous guidance of $3.375 billion[62] - Adjusted EBITDA is expected to be approximately $1.035 billion, above prior guidance of $960 million, representing an EBITDA margin of 29%[62] - The company anticipates growth in tangible book value of approximately $2.5 billion for the year, significantly higher than the previous guidance of $640 million[63] Financial Ratios and Margins - Adjusted EBITDA margin for Q3 2025 was 29%, compared to 27% in Q3 2024, indicating improved operational efficiency[100] - The adjusted net income margin for Q3 2025 improved to 15%, up from 9% in Q3 2024[118] - Contribution margin for the Lending segment decreased to 53% in Q3 2025 from 60% in Q3 2024[94] - Incremental adjusted contribution margin for Lending was 25% in Q3 2025, down from 36% in Q3 2024[94] Assets and Capital - Total assets as of September 30, 2025, were $45,293,450,000, an increase from $36,250,951,000 as of December 31, 2024, representing a growth of 24.5%[120] - Cash and cash equivalents increased to $3,246,351,000 as of September 30, 2025, compared to $2,538,293,000 at the end of 2024, a rise of 28.0%[120] - Loans held for sale reached $21,587,350,000 as of September 30, 2025, up from $17,684,892,000 at the end of 2024, indicating a growth of 22.0%[120] - Total deposits increased to $32,946,399,000 as of September 30, 2025, from $25,978,204,000 at the end of 2024, reflecting a growth of 26.5%[120] - Total permanent equity rose to $7,148,565 thousand as of September 30, 2025, compared to $5,734,618 thousand in the same period of 2024, reflecting an increase of 24.7%[123]

SoFi Technologies raised its annual profit forecast above Wall Street estimates on Tuesday after a surge in fee-based revenue fueled record third-quarter results for the financial technology major. ...

Core Insights - The financial-technology company achieved multiple records in its third quarter due to a significant increase in loan demand [1] Group 1 - The company reported a surge in loan demand, contributing to its record performance [1]

Core Insights - The fintech company is expanding its cryptocurrency offerings to meet increasing customer demand, as stated by CEO Anthony Noto [1] Company Strategy - The decision to roll out crypto offerings is a direct response to customer interest and demand for such services [1]

Core Insights - Happy Creek Minerals Ltd. has completed the first tranche of drilling at the Fox Tungsten Project, with significant mineralization observed in all 18 drill holes [1][3] - The deeper drilling at the BN Zone has intersected two thick zones of calc silicate, indicating multiple mineralized horizons at depth that remain open [1][3] Fox Project - 2025 Exploration Program - From September 5 to October 5, 2025, the company completed 18 diamond core drill holes totaling 2,175.5 metres, focusing on resource expansion at the RC and BN zones [1][3] - All drill holes intersected calc silicate, the main host rock for tungsten mineralization, with variable concentrations of scheelite observed [3][4] - Drilling at the RC south zone has expanded the calc silicate horizon to the southwest and is open to the west beneath Deception Mountain [3][9] RC Zone Details - The RC zone measures approximately 400 metres by 175 metres and is a gently dipping tabular body with thickness ranging from 5 to 25 metres [5] - A total of 14 diamond core drill holes were completed at the RC zone, totaling 1,304.5 metres drilled, with an average hole depth of approximately 92 metres [6][7] - The drilling confirmed geological continuity of the calc silicate from surface to approximately 50 metres in thickness westward, expanding it 250 metres southward towards the BN zone [9] BN Zone Details - The BN zone consists of three stacked calc silicate horizons, with the middle horizon being the best defined and containing most of the current resource [12][13] - Four diamond core drill holes were completed at the BN zone, totaling 871.0 metres drilled, with an average hole depth of approximately 218 metres [14] - Drillholes intersected multiple horizons of calc silicate, supporting the model of stacked horizons at depth, indicating potential for mineralization to be open to the north and northwest [15][16] Resource Estimates - The 2018 NI43-101 Resource Estimate for the Fox Tungsten Project included an Indicated Resource of 582,400 tonnes at 0.826% WO3 and an Inferred Resource of 565,400 tonnes at 1.231% WO3 [2][20] - The current drilling program aims to further define and expand these resources, with selected core intervals sent for assay [10][16] Future Plans - The company plans follow-up drilling between the RC and BN zones, at the BK zone, and to the west beneath Deception Mountain, as well as conducting more geological and surface work [25]

Core Viewpoint - Total Metals Corp. has successfully closed the acquisition of the High Lake and West Hawk Lake projects from McFarlane Lake Mining Corporation for CAD $9.25 million, which includes a historic mineral resource estimate of over 300,000 ounces of gold, indicating significant exploration potential and strategic advantages in processing and infrastructure [1][2][3]. Acquisition Details - The acquisition was completed for a total consideration of CAD $9.25 million, paid through the issuance of 3,333,333 common shares at a deemed price of CAD $0.60 per share [5]. - The projects are located in a mining-friendly jurisdiction with established infrastructure, which supports manageable costs and timelines for exploration and development [6]. - The High Lake project has a NI 43-101 compliant mineral resource with high grades and multiple high-grade drill intercepts, while West Hawk Lake has a history of underground development and recent drilling [3][6]. Financial Aspects - The company has closed a second tranche of a non-brokered private placement financing, raising a total of CAD $10 million, which will be allocated towards the acquisition, exploration activities, and working capital [9][11]. - Following the financing, Total Metals will have approximately CAD $10.4 million in available cash [11]. Strategic Implications - The acquisition is expected to enhance Total Metals' growth potential through exploration drilling and the possibility of toll-milling partnerships to process higher-grade ore, thus avoiding the need for costly on-site processing facilities [2][3]. - The proximity of the projects allows for shared infrastructure and centralized processing, which supports a scalable development pathway [3][6]. Regulatory Compliance - The company is required to file a technical report in compliance with National Instrument 43-101 within 45 days of the acquisition [7][8].

Core Insights - GSP Resource Corp. has announced initial rush assay results from its Fall 2025 geological reconnaissance targeting program at the Mer Porphyry and Al conductor targets, including a newly discovered high-grade silver-copper Apex target within the Alwin Mine Zone [1][2] Exploration Details - The 2025 exploration program involved the collection of 60 surface rock outcrop and float samples, along with 204 targeted grid soil samples, marking the first surface work on expansionary exploration targets outside the Alwin Mine resource area since 2008 [2] - Historic exploration at the Alwin Mine occurred primarily during the 1960s to 1980s, with recent logging and road construction improving access to these historic sites [2] Historic Data and New Targets - Compilation of historic data for the Mer porphyry and Apex targets indicates significant near-mine exploration potential [3] - At the Mer site, diamond and percussion drilling from the 1970s and extensive trenching were re-located, with sampling of mineralized granodiorite and establishment of a detailed soil grid to expand potential drilling targets [4] - The Apex Zone, rediscovered 40 meters from a modern logging road, had historic diamond drill logs from 1977 that documented a mineralized alteration zone [5] Assay Results - Rush surface sample assays from the new targets revealed high grades, including 348 g/t silver and 12% copper from the Apex Zone, and additional notable results from the Alwin Mine and nearby historic trenches [6][7] - Specific assay results include: - 348 g/t Ag and 11.85% Cu from trench samples at Apex - 5.5% Cu and 35 g/t Ag from Alwin Mine outcrop - 2.58% Cu from Little OK Lake float samples [7][8] Methodology and Quality Control - The analytical work was performed by ALS Global, an accredited geoanalytical laboratory, ensuring quality control through standard, blank, and duplicate samples [10][11] - The company reported no significant QA/QC issues during the review of the data [13] Company Overview - GSP Resource Corp. is focused on mineral exploration and development in Southwestern British Columbia, owning 100% interest in the Alwin Mine Copper-Gold-Silver Property and the Mer Property [14]