Solution Financial Reports Q2 2025 Financial Results

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2025) - Solution Financial Inc. (TSX: SFI) (the "Company"), a leading provider of luxury and ultra luxury asset leasing in Canada, today announced its financial results for the second quarter ending April 30, 2025.

Earnings Highlights for the Quarter:

• Net income for the quarter was $5,668 compared to a net loss of $29,046 in the comparative quarter in 2024.
• Adjusted net income⁽¹⁾ increased to $58,192 compared to Adjusted net income of $28,856 in the comparative quarter.
• Revenue increased to $2,710,162 compared to $2,233,770 in the comparative quarter.
• Total leasing portfolio remained relatively unchanged at $30,123,209 during the quarter.

Operational Highlights for the Quarter:

• The Company returned to modest profitability
• Enhanced local program compliance materials
• Further streamlining of client quoting platform and automation

"The second quarter was an encouraging step forward for us," said Bryan Pang, CEO of Solution Financial Inc. "We returned to profitability and posted over 20% year-over-year revenue growth, reflecting that demand for our luxury leasing solutions remains strong despite ongoing economic uncertainty. We also made meaningful progress on key initiatives—upgrading our quoting platform, expanding automation, and bolstering compliance frameworks across all our active regions. These operational improvements are supporting greater scale and efficiency across our business. As we look ahead, we remain focused on disciplined execution and long-term value creation through technology investment, risk-adjusted growth, and strategic relationship development."

Financial Results

Solution is reporting net income of $5,668 for the quarter ending April 30, 2025. This compares to a net loss of $29,046 per share for the quarter ending April 30, 2024.

Adjusted net income, which is more reflective of actual cash earnings, for the quarter ending April 30, 2025, was $58,192⁽¹⁾ or $0.0007 per share compared to $28,856 or $0.0003 per share for the quarter ending April 30, 2024. Adjusted net income excludes the non-cash accretion expense related to right of use assets of $30,330, income tax provision of $7,350, amortization of $26,485, and provision for credit losses of $3,059.

Lease Portfolio

At April 30, 2025, Solution had 355 vehicles in its lease portfolio, a net increase of 3 vehicles over the quarter to bring the total lease portfolio value to $30.1 million.