Business
Canaf Reports Financial Results for Q1 2026 and Launch of Self-Storage Platform
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - Canaf Investments Inc. (TSXV: C...
About this update from Canaf Investments Inc.
[{"type":"text","content":"Canaf Reports Financial Results for Q1 2026 and Launch of Self-Storage PlatformVancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - Canaf Investments Inc. (TSXV: CAF), (\"Canaf\") the Canada-registered Corporation, is pleased to announce the release of its Audited Financial Statements and Management Discussion and Analysis for the 3-month period ended January 31, 2026.Revenue for the quarter was recorded at CAN$6,229,047 (2025: CAN$8,411,513) with a net income attributable to shareholders of CAN$520,120 (2025: CAN$676,557). The results reflect a 12-month trailing earnings per share at 31 January 2026 of CAN$0.048/share. As at January 31, 2026, shareholders' equity increased to CAN$15.92 million (October 31, 2025: CAN$14.76 million), representing a record book value per share of CAN$0.336 (October 31, 2025: CAN$0.311).During the quarter, Canaf established Urbanhold (Pty) Ltd., a 50/50 joint venture with a South African partner, focused on developing a scalable network of self-storage facilities in South Africa through the conversion of under-utilised retail space within shopping centers. Subsequent to quarter end, Urbanhold invested approximately CAD$180,000 in its first pilot site, comprising 100 self-storage units. Construction commenced in March 2026, with the facility expected to open in early April 2026. Urbanhold intends to initially roll out a further 1-2 pilot sites, each comprising approximately 100-150 units, in order to validate operating performance, demand, and returns. Subject to achieving targeted performance metrics across these pilot locations, Urbanhold plans to scale the platform to approximately 1,500 units across 7-10 locations, following which Urbanhold will evaluate opportunities to expand the platform further.For more details and discussion on the results, the Financial Statements and Management Discussion and Analysis can be viewed on www.sedarplus.ca or the Company's website, www.canafinvestments.com.About CanafCanaf is a public company listed on the TSX-V Exchange. Canaf's registered office is in Vancouver, Canada, with offices in the United Kingdom and South Africa. Canaf owns 100% of Quantum Screening and Crushing (Pty) Ltd., (\"Quantum\"), a South African company that owns 70% of Southern Coal (Pty) Ltd., (\"Southern Coal\"), a company that produces a high carbon, de-volatised (calcined) ...