Financial Results for the Third Quarter of 2025

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TORONTO, Nov. 11, 2025 (GLOBE NEWSWIRE) -- Helios Fairfax Partners Corporation (TSX: HFPC.U) today announced its financial results for the three and nine months ended September 30, 2025. All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from the interim consolidated financial statements prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”) applicable to the preparation of interim financial statements, including International Accounting Standard 34 Interim Financial Reporting, except as otherwise noted.

Management Commentary

“The third quarter of 2025 delivered another period of growth in book value and strong net earnings, reflecting
continued momentum across our Helios Managed Investments and the value created from the underlying Helios platform,” said Tope Lawani and Babatunde Soyoye, Co-CEOs of Helios Fairfax Partners. “Our carried interest exposure benefited from our first investment in the Helios CLEAR fund as well as overall strong performance in Helios Fund IV. We also advanced the development of strategies including Helios Sports & Entertainment. With the first close of Helios Fund V and growing investor interest across our platform, we remain confident in our ability to generate sustained capital appreciation and long-term value for our shareholders.”

Highlights During and Subsequent to the Third Quarter of 2025

• Book value per share for the third quarter of 2025 was $4.05, compared to $3.96 in the second quarter of 2025.
• HFP reported net earnings of $9.7 million for the third quarter of 2025, compared to net earnings of $11.6 million in the second quarter of 2025.
• The increase in book value per share compared to the second quarter of 2025 and the net earnings in the third quarter of 2025 were primarily due to unrealized gains related to the Helios Managed Investments and TopCo LP Class A and B Limited Partnership Interests. These unrealized gains were offset by unrealized losses on the company’s investment in Indirect equity investment in Nova Pioneer.
• HFP deployed $4.5 million under the $10 million loan facility with HSEG during the quarter.
• HFP funded capital calls of $0.6 million for Helios Fund V during the quarter.
• HFP committed to investing $20.0 million in Helios Fund V, which completed its first close. HFP also committed to contribute $2.0 million in respect of the management team commitment for Helios Fund V, which will entitle HFP to a 50% share of any carried interest that the fund generates in the future through its ownership of TopCo LP Class A. Through its ownership of TopCo LP Class B, HFP will also be entitled to receive Excess Management Fees from this fund.

Financial Position and Results of Operations