TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Fountain Asset Corp. (TSXV:FA) (“Fountain” or the “Company”) wishes to announce that the board of directors of the Company has approved the granting of 1,550,000 restricted share units (“RSUs”) pursuant to the Company’s equity incentive plan to certain directors and officers of the Company subject to TSXV approval. About Fountain Asset Corp. Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized fin ...

Core Insights - Fountain Asset Corp. reported financial results for Q3 and the nine months ended September 30, 2025, highlighting significant gains and a strong financial position [1][6]. Q3 2025 Highlights - The company realized $1.48 million in gains from the sale of portfolio investments, benefiting from increased trading prices in the technology and mining sectors [4]. - Net assets were valued at $8.56 million or $0.13 per share, an increase from $5.51 million or $0.09 per share at the end of 2024, representing a 44% increase year to date on a per share basis [5][8]. - The net comprehensive loss was reduced to $0.03 million compared to a loss of $0.71 million in Q3 2024 [8]. - Total gains from investment activity amounted to $0.42 million, contrasting with losses of $0.43 million in Q3 2024 [8]. - Operating expenses were maintained at a low level of $0.14 million, down from $0.26 million in Q3 2024 [8]. Nine Months Ended September 30, 2025 Highlights - The company reported a net comprehensive income of $3.03 million, a significant turnaround from a net comprehensive loss of $1.65 million for the same period in 2024 [8]. - Total income from investment activity reached $4.07 million, compared to a total loss of $0.98 million for the nine months ended September 30, 2024 [8]. - Net realized gains on the sale of portfolio investments were $3.24 million, compared to net realized losses of $0.08 million in the prior year [8]. - Net unrealized gains on portfolio investments were $0.74 million, contrasting with net unrealized losses of $0.90 million for the same period in 2024 [8]. - Total expenses for the nine months were $1.02 million, up from $0.67 million in the previous year [8]. Company Overview - Fountain Asset Corp. operates as a merchant bank, providing equity financing, bridge loan services, and strategic financial consulting across various industries, including marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology [9].

Core Viewpoint - Fountain Asset Corp. reported strong financial results for Q2 and the first half of 2025, highlighting significant gains in investment activities and an increase in net asset value [1][6]. Summary of Financial Results for Q2/25 - The company realized $0.47 million in gains from the sale of portfolio investments, driven by increased trading prices in the technology sector [4]. - Net assets as of June 30, 2025, were valued at $8.59 million, or $0.13 per share, up from $5.51 million, or $0.09 per share, at the end of 2024, representing a 44% increase [5][8]. - Net comprehensive income for Q2/25 was $3.01 million, compared to a net comprehensive loss of $0.49 million for Q2/24 [8]. Summary of Financial Results for Six Months Ended June 30, 2025 - For the six months ended June 30, 2025, net comprehensive income was $3.06 million, compared to a net comprehensive loss of $0.95 million for the same period in 2024 [8]. - Total income from investment activities was $3.65 million, contrasting with a total loss of $0.54 million for the first half of 2024 [8]. - Net realized gains on the sale of portfolio investments reached $1.76 million, compared to net realized losses of $0.14 million for the same period in 2024 [8]. - Net unrealized gains on portfolio investments were $1.82 million, compared to net unrealized losses of $0.41 million for the first half of 2024 [8]. - Total expenses for the six months were $0.58 million, up from $0.40 million in the same period of 2024, while operating expenses decreased to $0.29 million from $0.39 million [8]. Company Overview - Fountain Asset Corp. operates as a merchant bank, providing equity financing, bridge loan services, and strategic financial consulting across various industries, including marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology [7].

Core Viewpoint - Fountain Asset Corp. intends to initiate a normal course issuer bid to repurchase its subordinate voting shares, believing they are undervalued at current market prices [1][2]. Company Summary - Fountain Asset Corp. is a merchant bank that provides equity financing, bridge loan services, and strategic financial consulting across various industries, including marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology [3]. Issuer Bid Details - Upon receiving regulatory approval, Fountain plans to buy back up to 3,216,335 subordinate voting shares, which represents approximately 5% of its currently issued and outstanding shares, over a 12-month period from June 19, 2025, to June 18, 2026 [2]. - The repurchase price will be based on the market price at the time of acquisition, and the actual number and timing of purchases will be determined by the company [2]. - Canaccord Genuity Corp. has been retained to facilitate these purchases on behalf of Fountain [2].

Core Insights - Fountain Asset Corp. reported financial results for Q1 2025, highlighting significant realized gains and a focus on reducing operating expenses [1][2][5] Financial Performance - The company realized $1.29 million in gains from the sale of portfolio investments during Q1 2025 [3] - Net assets as of March 31, 2025, were valued at $5.57 million, or $0.09 per share, reflecting a slight increase from $5.51 million, or $0.09 per share, at the end of 2024 [4][8] - Net comprehensive income for Q1 2025 was $0.05 million, a recovery from net comprehensive losses of $0.45 million in Q1 2024 [8] - Total gains from investment activities amounted to $0.39 million, compared to losses of $0.28 million in Q1 2024 [8] - The company reported net unrealized losses of $0.96 million on portfolio investments, contrasting with net unrealized gains of $0.04 million in Q1 2024 [8] - Total expenses for Q1 2025 were $0.34 million, up from $0.17 million in Q1 2024, while operating expenses remained stable at $0.16 million compared to $0.17 million in Q1 2024 [8] Strategic Focus - The CEO emphasized the company's commitment to growth-oriented goals and the importance of realigning the investment portfolio to capitalize on market trends [5] - The company continues to seek ways to reduce ongoing expenditures while maximizing revenues to enhance its financial position [5][6]

Core Insights - Fountain Asset Corp. announced its financial results for Q4/24 and Fiscal 2024, highlighting a strategic focus on improving financial performance through the disposal of non-core investments and capitalizing on new opportunities [1][4]. Q4/24 Highlights - The net asset value (NAV) increased to $5.51 million ($0.09 per share), a 12.5% increase quarter over quarter [8]. - The company reported a net comprehensive income of $0.35 million, a significant recovery from a net comprehensive loss of $3.63 million in Q4/23 [8]. - Total revenue from investment activity was $0.57 million, compared to a total loss of $3.32 million in Q4/23 [8]. - Net unrealized gains on portfolio investments reached $2.37 million, up from $0.83 million in Q4/23 [8]. - Total expenses decreased to $0.22 million from $0.31 million in Q4/23 [8]. Fiscal 2024 Highlights - The NAV at the end of Fiscal 2024 was $5.51 million ($0.09 per share), down 18% year over year from $6.66 million ($0.11 per share) [8]. - The company recorded net comprehensive losses of $1.30 million, an improvement from losses of $5.26 million in Fiscal 2023 [8]. - Total losses from investment activity were $0.41 million, significantly reduced from $4.40 million in Fiscal 2023 [8]. - Net unrealized gains on portfolio investments were $1.47 million, contrasting with net unrealized losses of $0.03 million in Fiscal 2023 [8]. - Total expenses for the year were $0.89 million, slightly up from $0.86 million in Fiscal 2023 [8].