Flow Capital Corp. (FW) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to Full Capital's earnings call for Q2 2026. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided at that time for you to queue up for questions. If anyone has difficulties hearing the conference, you may press star zero for operator assistance at any time. Thank you. Thank you. Thank you. Today's call is being recorded on Friday, August 21st, 2026. I would now like to turn the meeting over to Alex Baluta, Chief Executive Officer of Full Capital. Thank you very much, Joelle. I am joined on this call today by our new CFO, Matthew Gan. Appreciate everybody attending. As Joelle mentioned, our results are also available on our website and are filed on CDAR. Today we're reporting our Q2 2026 financial results. We had another good quarter. Revenue increased 30% for loan interest and royalty income to $4.2 million from $3.2 million a year ago. We had an 88% increase in free cash flow to $1.66 million up from $884,000 a year ago. We also had a 96% increase in free cash flow per share approximately $0.06 per share from $0.03 per share last year. And we had a 14% increase in book value per share to $1.34 up from $1.17 in the prior year. I should note as well that our equity book value increased from $35.7 million to $39.3 million. in aggregate assets on the equity in the quarter. We did have some excellent exits in the quarter, so we also had a million-dollar contribution to free cash flow, which is associated with successful exits on some of our investments related to various fees and prepayments associated with such early exits. I should also mention that foreign exchange helped a little bit in the quarter as well. As most of...