KING CITY, Ontario, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Consolidated Financial Highlights (unaudited) (in thousands of dollars except per shareamounts)Three months endedNine months endedSeptember 30,2025September 30,2024September 30,2025September 30,2024Net earnings< ...

KING CITY, Ontario, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Consolidated Financial Highlights (unaudited) (in thousands of dollars except per shareamounts)Three months endedNine months endedSeptember 30,2025September 30,2024September 30,2025September 30,2024Net earnings16,92942,71939,49245,177Basic and diluted earnings per share0.701.751.621.85 Operating Data  Three months endedNine months ended September 30,2025September 30,2024September 30,2025September 30,2024Canadian Full Privilege Golf Members  15,39715,41 ...

Core Insights - The company reported significant increases in net earnings for the second quarter of 2025, with net earnings reaching $21,479,000 compared to $3,159,000 in the same period of 2024, driven by unrealized gains on investments [11] - Basic and diluted earnings per share also saw a substantial rise to $0.88 in 2025 from $0.13 in 2024 [11] Financial Performance - For the three months ended June 30, 2025, operating revenue decreased by 1.0% to $61,560,000 from $62,183,000 in 2024, primarily due to a decline in revenue from Highland Gate home sales [7] - Direct operating expenses decreased by 10.8% to $47,326,000 for the same period, down from $53,049,000 in 2024, attributed to lower costs associated with Highland Gate home sales [7] - Net operating income for the Canadian golf club operations segment increased to $13,581,000 for the three months ended June 30, 2025, up from $10,361,000 in 2024, benefiting from the acquisition of Deer Creek and increased golf revenue [8] Segment Analysis - The company operates 47 18-hole equivalent championship golf courses and 2.5 academy courses across 35 locations in Canada and Florida [16] - The acquisition of Deer Creek, a significant golf and event complex, contributed to increased revenues in golf, corporate events, and food and beverage operations [6] Other Financial Metrics - Interest, net and investment income decreased by 17.5% to $2,321,000 for the three months ended June 30, 2025, down from $2,813,000 in 2024, due to reduced cash and interest income following the Deer Creek acquisition [9] - The company recorded an unrealized gain of $12,325,000 on its investment in marketable securities as of June 30, 2025, compared to a loss of $5,119,000 in 2024 [10] Dividend Announcement - The company announced an eligible cash dividend of 9 cents per common share, to be paid on September 15, 2025, to shareholders of record as of August 29, 2025 [14]

Core Points - Aureus Greenway Holdings Inc. has entered into definitive securities purchase agreements for the issuance and sale of units consisting of common stock and warrants, aiming for gross proceeds of approximately $26 million at a price of $0.87 per unit [1][2] Group 1: Securities Offering Details - The company will issue 29,885,057 shares of common stock or pre-funded warrants, along with common warrants A and B, each allowing the purchase of the same number of shares [2] - Pre-funded warrants will have an exercise price of $0.0001 per share, common warrants A will be exercisable at $1.00 per share, and common warrants B at $1.25 per share, all for a period of five years [2] - The private placement is expected to close on July 25, 2025, subject to customary closing conditions [2] Group 2: Use of Proceeds - Proceeds from the offering will be utilized for working capital and general corporate purposes [3] Group 3: Company Overview - Aureus Greenway Holdings Inc. operates daily fee golf country clubs in Florida, targeting a diverse demographic of both locals and tourists [6] - The strategic locations and approachable golf courses are designed to capture a broad share of discretionary leisure spending [6]

Core Viewpoint - Aureus Greenway Holdings Inc. has announced a definitive securities purchase agreement for the issuance and sale of units consisting of common stock and warrants, aiming to raise approximately $26 million through a private placement [1][2]. Group 1: Offering Details - The company will issue 41,935,483 shares of common stock or pre-funded warrants, along with common warrants A and B, each allowing the purchase of the same number of shares [2]. - The price per unit for the offering is set at $0.87, with the private placement expected to close on July 25, 2025, subject to customary closing conditions [1][2]. - Each pre-funded warrant allows the holder to acquire one share of common stock at an exercise price of $0.0001, while common warrants A and B have exercise prices of $1.00 and $1.25 respectively, both valid for five years post-closing [2]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for working capital and general corporate purposes [3]. Group 3: Company Overview - Aureus Greenway Holdings Inc. operates daily fee golf country clubs in Florida, targeting a diverse demographic of both locals and tourists, thereby capturing a significant share of discretionary leisure spending [6].

Core Viewpoint - Aureus Greenway Holdings Inc. has announced a definitive securities purchase agreement for the issuance and sale of units consisting of common stock and warrants, aiming to raise approximately $26 million in gross proceeds through a private placement [1][2]. Group 1: Securities Offering Details - The company will issue 41,935,483 shares of common stock or pre-funded warrants, along with common warrants A and B, each allowing the purchase of the same number of shares at specified exercise prices [2]. - The exercise price for each pre-funded warrant is $0.0001 per share, while common warrant A and B have exercise prices of $1.00 and $1.25 per share, respectively, both valid for five years post-offering [2]. - The private placement is expected to close on July 25, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for working capital and general corporate purposes [3]. Group 3: Company Overview - Aureus Greenway Holdings Inc. operates daily fee golf country clubs in Florida, targeting a diverse demographic of both locals and tourists, thereby capturing a significant share of discretionary leisure spending [6].

Core Insights - TWC Enterprises Limited reported a net earnings of $1,084,000 for the three months ended March 31, 2025, a significant improvement from a loss of $701,000 in the same period of 2024, driven by better performance in Highland Gate operations [8] - The company experienced a 37.6% decrease in operating revenue, totaling $40,764,000 in Q1 2025 compared to $65,346,000 in Q1 2024, primarily due to a decline in real estate sales [5][6] - Direct operating expenses also decreased by 46.4% to $32,631,000 in Q1 2025 from $60,889,000 in Q1 2024, reflecting the reduced costs associated with lower home sales [5] Financial Performance - Basic and diluted earnings per share increased to $0.04 in Q1 2025 from a loss of $0.03 per share in Q1 2024 [8] - Net operating income rose to $8,133,000 in Q1 2025, up from $4,457,000 in Q1 2024, with contributions from Canadian and U.S. golf club operations [6][8] - The Canadian golf club operations segment reported a net operating income of $3,332,000, slightly down from $3,554,000 in the previous year [6] Revenue Breakdown - Annual dues contributed $17,690,000 in Q1 2025, up from $17,507,000 in Q1 2024, while golf-related revenue remained stable [3] - Real estate sales saw a significant drop to $12,985,000 in Q1 2025 from $38,509,000 in Q1 2024, impacting overall revenue [3][5] - Other revenue streams, including food and beverage and corporate events, showed modest increases compared to the previous year [3] Operational Highlights - The company acquired Deer Creek, a major golf and event complex in Ontario, on February 3, 2025, which includes 45 holes of championship golf [4] - The lease of the National Pines Golf Club concluded on November 15, 2024, impacting the operational footprint [4] - The company operates 47 18-hole equivalent championship golf courses across Canada and Florida, maintaining its position as the largest golf club operator in Canada [13] Investment and Other Income - Interest, net and investment income decreased by 4.2% to $2,668,000 in Q1 2025 from $2,785,000 in Q1 2024, attributed to lower interest rates [7] - The company recorded unrealized losses of $6,352,000 on marketable securities as of March 31, 2025, compared to losses of $4,551,000 in the previous year [7] Dividend Announcement - TWC Enterprises Limited announced an eligible cash dividend of 9 cents per common share, scheduled for payment on June 16, 2025, to shareholders of record as of May 30, 2025 [12]