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Solution Financial Reports Year End 2025 Financial Results
TMX Newsfile· 2026-01-29 00:27
Core Viewpoint - Solution Financial Inc. reported a year of disciplined execution amid a challenging macroeconomic environment, with a 17% growth in its leasing portfolio to $32.7 million, despite a moderation in revenue and earnings [1][6]. Financial Results - The company reported a net income of $273,872 or $0.003 per share for the year ending October 31, 2025, down from $355,018 or $0.004 per share in 2024 [2][6]. - Adjusted net income for the same period was $383,868 or $0.004 per share, compared to $587,736 or $0.006 per share in 2024 [3][6]. - Total revenue decreased to $10,606,642 from $12,509,839 in 2024 [6]. Lease Portfolio - As of October 31, 2025, the lease portfolio consisted of 372 vehicles, a net increase of 30 vehicles, with an average remaining lease term of 2.15 years [4][6]. - The portfolio generated annualized gross rental and lease cash flows of approximately $7.7 million [4]. Operational Highlights - The company focused on expanding distribution, diversifying its customer mix, enhancing corporate leasing capabilities, and advancing regulatory readiness [1][6]. - New dealership relationships were established, particularly in Ontario, and a near-prime local leasing program was expanded to diversify the customer base [6]. - A new sales executive was added to support the corporate leasing program and a new sale-leaseback initiative called "Equity Unlock" was launched [6].