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Hampton Financial Corporation Announces 4th Quarter and Full Year Results for 2025
Globenewswire· 2025-12-29 23:29
Core Viewpoint - The financial results for fiscal year 2025 indicate a challenging past year but a promising outlook for 2026, driven by strengthening capital markets and accelerating commercial lending activities [2][3]. Financial Results - Fourth Quarter revenues were $2,591,000, a decrease of 23% year-over-year compared to $3,351,000 [6]. - Fourth Quarter net losses amounted to ($900,000), translating to $(0.02) per share [6]. - Full Year revenues reached $10,317,000, reflecting a 5% increase year-over-year from $9,794,000 [6]. - Full Year net losses totaled ($4,213,000), or $(0.08) per share, with adjusted net losses for non-recurring and non-cash items at ($2,428,000), or $(0.05) per share [6]. - Full Year EBITDA was ($1,472,000), compared to ($535,000) for fiscal year 2024 [6]. Corporate Developments - The company is experiencing improving conditions in the industry, with declining interest rates stimulating economic activity and rapid growth in its Corporate Finance business [3][4]. - Hampton Financial Corporation is focused on cost reduction initiatives and expanding its business portfolio, particularly in Wealth Management, Capital Markets, and Commercial Lending operations [3][4]. - The company continues to develop its Wealth Management and Advisory Team programs, providing experienced wealth managers with a flexible operating platform [4]. Business Operations - Hampton operates through its subsidiary, Hampton Securities Limited, which is involved in wealth management, advisory services, and capital markets activities [5]. - The company’s commercial lending business, Oxygen Working Capital Corp., offers factoring and term financing to businesses across Canada [4][7]. - Hampton is exploring opportunities to diversify its revenue sources through strategic investments in both complementary and non-core sectors [7].