Standard Premium Reports Record Profitability for FY 2024 and Q1 2025, Signaling Continued Growth

Core Insights - Standard Premium Finance Holdings, Inc. has reported record-breaking profitability with a net income increase of 84.1% year-over-year and total revenues exceeding $12.1 million, marking a 24.9% increase over 2023 [1][6] - The company achieved its strongest single-quarter performance in Q1 2025, with a 230% increase in earnings per share and an 82.7% rise in net income compared to Q1 2024 [1][6] Financial Highlights - Fiscal Year 2024: - Total Revenues: $12.1 million (up 24.9%) - Net Income: $980,000 (up 84.1%) - Return on Equity: 16.6% [6] - Q1 2025: - Net Income: $336,000 (up 182.7%) - Earnings Per Share (Basic): $0.10 (up 230%) - Return on Equity: 20.99% - Loan Originations: $149 million (up 14%) - Operating expenses reduced by 7.8% year-over-year [6] Business Strategy - The company emphasizes its strong business model, operational discipline, and commitment to customer service while focusing on strategic scaling and delivering consistent shareholder value [2][3] - Standard Premium aims to expand its footprint, invest in technology, and pursue growth opportunities that align with its strengths, including seeking M&A opportunities to leverage economies of scale [3]