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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].
The Ministry of Tourism of the Republic of Indonesia Set to Showcase Luxury Tourism at ILTM Cannes 2025
Prnewswire· 2025-11-30 08:00
Core Insights - The Ministry of Tourism of the Republic of Indonesia is participating in the International Luxury Travel Market (ILTM) in Cannes to enhance its position in the global luxury travel market [1][5] - Indonesia has gained recognition in the luxury sector, with 33 hotels receiving Michelin Keys 2025 and several establishments featured in the Tatler Best Awards 2025 [2] - The participation at ILTM includes over 100 prescheduled business meetings with global decision-makers, showcasing Indonesia's premium offerings [3] Group 1: Event Participation - Indonesia's presence at ILTM aims to elevate international brand visibility and deepen strategic partnerships [1][5] - The event will host more than 2,200 luxury travel buyers from 85 countries, providing a significant platform for Indonesia [1] Group 2: Achievements in Luxury Sector - A total of 33 Indonesian hotels received Michelin Keys 2025, highlighting the country's luxury accommodation quality [2] - Several hotels, restaurants, and bars were recognized in the Tatler Best Awards 2025, securing spots among the Best 100 in Asia Pacific [2] Group 3: Showcase of Offerings - Indonesia will present curated premium offerings, including marine destinations, wellness retreats, and bespoke tourism services [3] - The Ministry is collaborating with three luxury brands: Celestia (yachts), Samabe Bali Suites and Villas (accommodation), and One Eleven Resorts Bali (accommodation) [3] Group 4: Branding Strategy - The participation supports the global branding campaign "Go Beyond Ordinary," positioning Indonesia as a destination of extraordinary beauty and rich cultural experiences [4] - The Ministry emphasizes the importance of sustainable, high-quality tourism growth as part of its strategy [5]