Business
Financial Results for the First Quarter of 2025
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TO...
About this update from Helios Fairfax Partners Corp.
[{"type":"text","content":"Financial Results for the First Quarter of 2025\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- Helios Fairfax Partners Corporation (TSX: HFPC.U) today announced its financial results for the three months ended March 31, 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.\n \n\n\n Management Commentary\n \n\n\n \"The first quarter of 2025 has provided an encouraging outlook for our investment portfolio as we continue to position the company for long-term growth,\" said Tope Lawani and Babatunde Soyoye, Co-CEOs of Helios Fairfax Partners. \"Our disciplined approach to capital allocation remains focused on sectors benefiting from long-term secular trends in demographics and urbanization, and technology and innovation. Building on our successful deployment of capital across high-growth sectors in recent years, we remain committed to identifying and nurturing Africa's most promising businesses. The progress we have made in rebalancing our portfolio toward core investments positions us well to capitalize on emerging opportunities, and we continue to build a foundation for generating value-enhancing income from management fees and carried interest. These initiatives are designed to deliver competitive returns through investments in profitable, value-creating, and socially responsible businesses that drive shareholder value and contribute to Africa's economic growth.\"\n \n\n\n Highlights During the\n \n\n First Quarter\n \n\n of\n \n\n 2025\n \n\n\n\n Book value per share for the first quarter of 2025 was $3.85, compared to $3.84 in the fourth quarter of 2024.\n \n\n HFP reported net earnings of $0.9 million for the first quarter of 2025, compared to a net loss of $41.6 million in the fourth quarter of 2024.\n \n\n The increase in book value per share compared to the ...