Business
Fairfax India Holdings Corporation: Third Quarter Financial Results
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About this update from Fairfax India Holdings Corp
[{"type":"text","content":"Fairfax India Holdings Corporation: Third Quarter Financial Results\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n (\n \n\n\n\n\n Note\n \n\n\n\n\n : All dollar amounts in this press release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from unaudited financial statements prepared using the recognition and measurement requirements of International Financial Reporting Standards as issued by the International Accounting Standards Board (\"IFRS\n \n\n\n\n\n ®\n \n\n\n\n\n Accounting Standards\"), except as otherwise noted. This press release contains certain non-GAAP and other financial measures, including book value per share and cash and marketable securities, that do not have a prescribed meaning under IFRS Accounting Standards and may not be comparable to similar financial measures presented by other issuers. See \"Glossary of non-GAAP and other financial measures\" at the end of this press release for further details.)\n \n\n\n\n TORONTO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (TSX: FIH.U) announces net earnings of $3.2 million ($0.02 net earnings per diluted share) in the third quarter of 2025, compared to net earnings of $34.0 million in the third quarter of 2024 ($0.25 net earnings per diluted share). The company's book value per share decreased 3.3% to $20.72 at September 30, 2025 from $21.43 at June 30, 2025 ($20.96 at December 31, 2024), primarily due to unrealized foreign currency translation losses as a result of the depreciation of the Indian rupee against the U.S. dollar during the third quarter of 2025, more than offsetting unrealized gains on investments.\n \n\n Highlights for the third quarter of 2025 included the following:\n \n\n\n Net change in unrealized gains on investments of $59.5 million principally arose from increases in the fair values of the company's private company investments in BIAL ($160.2 million), Seven Islands ($35.1 million) and Saurashtra ($16.2 million), partially offset by decreases in the fair values of publicly listed investments in IIFL Capital ($68.1 million), Fairchem Organics ($19.6 million), CSB Bank ($19.2 million), IIFL Finance ($15.1 million) and 5paisa ($6.2 million), and on private company inves...