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Leasing Industry Icon Mitch Fadel Joins DriveItAway Holdings Board of Advisors
Globenewswire· 2025-09-25 13:28
Company Overview - DriveItAway Holdings, Inc. is a leader in digital mobility and flexible vehicle lease-to-own platforms [1] - The company provides a comprehensive, turn-key program with proprietary mobile technology, insurance coverages, and training for dealerships [3] Leadership Appointment - Mitch Fadel, former CEO of Upbound Group and Rent-A-Center, has joined DriveItAway's Board of Advisors [1] - Fadel brings extensive experience in the lease-to-own sector and has a track record of scaling companies profitably [1][5] Strategic Vision - The company aims to transform automotive retail by making affordable, flexible vehicle access a reality for underserved markets [1] - Fadel expressed excitement about helping DriveItAway capture the demand for personal transportation in these markets [1] Recent Developments - DriveItAway has announced a national partnership with Free2move, integrating flexible lease-to-own technology with OEM-backed vehicle supply [1] - This partnership is expected to create a powerful platform for rapid expansion in the automotive retail space [1]
创全国知识产权ABS发行利率新低!华安资管助力兴泰租赁ABS成功簿记
Group 1 - The core viewpoint of the news is that Huazhong Securities successfully managed the first data asset-backed securities (ABS) project aimed at supporting intellectual property for technology innovation enterprises in industrial parks, setting a new benchmark for asset securitization [1] - The issuance scale of the ABS is 321 million yuan, with a priority ticket interest rate of 1.86%, marking the lowest historical rate for intellectual property ABS in China [1] - The product received widespread market attention and enthusiastic subscriptions, providing innovative financing solutions for 20 high-tech enterprises, with individual financing amounts ranging from 1 million to 80 million yuan [1] Group 2 - Xing Tai Leasing plans to further advance its technology innovation business transformation strategy, focusing on innovation as the core driving force to continuously optimize financial service solutions for small and medium-sized technology enterprises [2] - Huazhong Asset Management emphasizes its commitment to serving the real economy, aiming to drive corporate growth through specialized and comprehensive financial services, thereby injecting new momentum into the high-quality development of the regional economy [2]
Arval net income plummets 49% in H1 2025 to €351.4m
Yahoo Finance· 2025-09-16 13:50
Arval reported a net income of €351.4m in the first half of 2025, a 49% decline from €688.8m compared to the same period of the prior year (H1 2024). This decline has been primarily attributed by the company to an unfavourable base effect against a particularly high level of vehicle sales and anticipated results in H1 2024. However, this was partly mitigated by an increase in both the financial and service margins, linked to the expansion in outstanding contracts. Arval's gross revenues showed a 10.1% u ...
The Leasing Foundation announces two new board appointments
Yahoo Finance· 2025-09-16 11:33
The Leasing Foundation has announced the appointment of John Phillipou, managing director of SME lending at Paragon Bank and Aysha Ellis-Aziz, global head of marketing at NETSOL Technologies, to its board of directors. John joins The Foundation as a director, bringing three decades of experience in financial services and considerable expertise across asset finance, invoice and cashflow finance and specialist SME lending. His appointment reflects the Foundation’s continued focus on leadership to guide its ...
ALBIS Leasing’s earnings before taxes decline to €2.7m in H1 2025
Yahoo Finance· 2025-09-15 14:09
Germany-based ALBIS Leasing reported earnings before taxes of €2.7m in the first half of 2025 (H1 2025), a marginal decline from €2.8m reported in the same period of the previous year. The company experienced an uptick in new leasing volume, which climbed to €54.3m from €51.5m in H1 2024, with a margin improvement to 18.3%. Albis said that its cost-effective operations and favourable refinancing conditions have contributed to these results. The rise in corporate insolvencies in Germany has been a factor ...
X @Bloomberg
Bloomberg· 2025-09-02 10:42
Shareholders of Los Angeles-based Air Lease will receive $65 a share in cash from the buyers https://t.co/CuukMT7pcX ...
Willis Lease Finance: Looks Like All The Tailwinds Are Priced In
Seeking Alpha· 2025-08-18 05:22
Group 1 - Supply chain disruptions have positively impacted leasing companies in the aviation sector, leading to a global shortage of aircraft and engine parts [1] - Engine lessors, such as Willis Lease Finance, have benefited significantly from these disruptions [1] Group 2 - The article does not provide any specific financial data or performance metrics related to the companies mentioned [2][3] - There are no investment recommendations or advice given in the article [2][3]
Maui Land & Pineapple Company, Inc. Reports Fiscal Second Quarter 2025 Results
Globenewswire· 2025-08-14 21:04
Core Insights - Maui Land & Pineapple Company, Inc. reported strong financial performance with a 103% increase in operating revenues for the first half of 2025 compared to the same period in 2024, totaling $10,406,000 [3][9] - The company is focusing on maximizing land productivity and diversifying revenue streams, including launching an agave venture and improving leasing revenues, which increased by 46% year-over-year [2][3] Financial Performance - Operating revenues for the six months ended June 30, 2025, were $10,406,000, up from $5,128,000 in the same period in 2024, marking an increase of $5,278,000 [3][9] - Land development and sales revenues rose to $3,442,000 from $200,000, primarily due to contracting revenues from the Honokeana Homes Relief Housing Project [3][9] - Leasing revenues increased to $6,421,000 from $4,388,000, attributed to improved occupancy and updated leases [3][9] Costs and Expenses - Total operating costs and expenses for the first half of 2025 were $12,897,000, compared to $8,409,000 in 2024, an increase of $4,488,000 [3][9] - The increase in operating costs was mainly due to land development and sales costs of $3,157,000 related to the Honokeana Homes project [3][9] - Water and conservation costs rose to $1,253,000 from $709,000, reflecting increased operations and maintenance costs [3][9] Net Loss and Adjusted EBITDA - The net GAAP loss for the first half of 2025 was ($9,639,000), or ($0.49) per share, compared to a loss of ($3,247,000) or ($0.16) per share in 2024 [3][9] - Adjusted EBITDA for the six months ended June 30, 2025, was ($192,000), an improvement of $55,000 from ($247,000) in the same period in 2024 [3][9] Cash and Investments - Cash and Investments Convertible to Cash totaled $7,028,000 on June 30, 2025, down from $9,522,000 at the end of 2024, primarily due to pension termination contributions and development expenditures [3][9]
Touax: Effective transfer of TOUAX SCA shares to Euronext Growth® Paris and delisting from the regulated market of Euronext Paris
Globenewswire· 2025-08-12 15:45
Core Viewpoint - TOUAX SCA is transferring its shares to the Euronext Growth Paris market to better align with its size and simplify administrative obligations while maintaining access to financial markets attractiveness [1][2]. Group 1: Transfer Details - The effective transfer of TOUAX SCA shares to Euronext Growth Paris is scheduled for August 13, 2025, following approval from the Euronext Admission Committee on August 7, 2025 [1]. - The ISIN code for the shares remains unchanged (FR0000033003), and the ticker symbol will change to ALTOU [3]. Group 2: Purpose of Transfer - The transfer aims to provide a regulatory framework more suited to the company's size, simplifying administrative obligations and reducing management costs [2]. Group 3: Company Overview - TOUAX is a leading leasing company in Europe, managing nearly 1.3 billion euros in tangible assets, including freight wagons, river barges, and containers [5]. - The company is currently listed on Euronext Paris Compartment C and included in various indices such as CAC® Small, CAC® Mid & Small, and EnterNext©PEA-PME 150 [5]. Group 4: Listing Sponsor - TOUAX has appointed Gilbert Dupont as its Listing Sponsor to assist with the transition to the Euronext Growth Paris market [4]. Group 5: Upcoming Events - A video conference to present half-year results will be held on September 18, 2025, in French, and on September 19, 2025, in English [7].
Solution Financial Initiates Quarterly Dividend
Newsfile· 2025-08-05 23:30
Group 1 - Solution Financial Inc. has announced a quarterly dividend of $0.001, payable on September 15, 2025, to shareholders of record as of August 29, 2025 [1] - The dividend is classified as a "non-eligible dividend" for Canadian income tax purposes [1] Group 2 - Solution Financial was incorporated in 2004 and specializes in leasing luxury and exotic vehicles, yachts, and other high-value assets [2] - The company collaborates with a select group of automotive and marine dealerships to provide lending solutions for clients who face challenges obtaining leasing terms from traditional financial institutions [2] - Typical customers include new immigrants, business owners, and international students, and the company aims to assist them in acquiring, insuring, maintaining, and upgrading luxury assets in Canada [2]