Sonor Investments Limited Reports Second Quarter Financial Results

Core Viewpoint - Sonor Investments Limited reported significant financial growth for the six months ended June 30, 2025, with substantial increases in revenue and income compared to the same period in 2024 [1][2]. Financial Performance - Revenue for the six months ended June 30, 2025, reached $1,487,000, a 121.5% increase from $669,000 in 2024 [2]. - Income before taxes for the same period was $1,109,000, compared to $322,000 in 2024, indicating a significant improvement [2]. - For the three months ended June 30, 2025, revenue was $965,000, up from $55,000 in 2024, marking a 1,654.5% increase [2]. Asset Overview - As of June 30, 2025, the company's total assets amounted to $61 million, which included $12 million in marketable securities, $35.6 million in private investments, and $13.4 million in cash and cash equivalents [2][3]. Investment Gains - The company recorded an unrealized gain of $898,000 during the six months ended June 30, 2025, compared to an unrealized loss of $501,000 for the same period in 2024, primarily due to appreciation in equity investments [3]. Dividend Declaration - An eligible dividend of $11,989,541.20 has been declared payable on August 19, 2025, to common shareholders [4]. Auditor Change - The company has changed its auditor from Deloitte LLP to Doane Grant Thornton LLP effective August 14, 2025, following the resignation of the former auditor at the company's request [5][6]. - There have been no reportable events in the former auditor's reports for the last two financial years [6]. Compliance and Reporting - The Notice of Change of Auditor and required letters from both the former and successor auditors have been reviewed and filed in accordance with National Instrument 51-102 [7].