{"success":true,"data":{"pressRelease":{"id":"141856","rtpr_id":"nNFC2KRHhm-20260911","ticker":"SFI","exchange":"TSX","all_tickers":["SFI"],"title":"Solution Financial Reports Q3 2026 Financial Results","author":"Newsfile Corp","published_at":"2026-09-11T21:08:08.208Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - September 11, 2026) - Solution\nFinancial Inc. (TSX: SFI) (the \"Company\") a leading provider of luxury and\nultra luxury asset leasing in Canada, today announced its financial results\nfor the third quarter ending July 31, 2026.\n\nEarnings Highlights for the third Quarter:\n* Net income for the quarter was $187,098 compared to net income of $93,077 in\nthe comparative quarter in 2025.\n* Revenue increased to $7.03 million compared to $2.30 million in the\ncomparative quarter, mainly driven by stronger vehicle sales activity.\n* Total finance lease portfolio remained strong at approximately $32 million,\nsupported by stable portfolio quality and continued credit performance during\nthe quarter.\n* Bank indebtedness was reduced to approximately $7.8 million, while\nsecuritization financing increased to approximately $15.4 million, providing\ncontinued funding flexibility for the Company.\nOperational Highlights for the Quarter:\n\n\"Q3 was an encouraging quarter for us, largely fueled by increased ultraluxury\nvehicle sales activity,\" said Bryan Pang, Chief Executive Officer of Solution\nFinancial. \"At the same time, our leasing and financing operations continued\nto provide a solid foundation for the Company.\"\n\n\"What we prioritize is not just the volume of business, but also the quality\nof the business we add to our portfolio. Our finance lease portfolio stood at\napproximately $32 million at quarter-end, with no accounts more than 60 days\npast due. We are committed to being selective rather than simply expanding the\nportfolio for the sake of growth.\"\n\n\"We also managed our funding prudently. Our bank indebtedness was reduced to\nabout $7.8 million, while our securitization financing increased to roughly\n$15.4 million. Having access to both financing facilities provides us with the\nflexibility to manage our cost of capital effectively and fund the right\nopportunities as they arise.\"\n\n\"It is important to note that results may fluctuate from quarter to quarter\ndue to the timing and mix of vehicle transactions. Our focus is not on a\nsingle quarter's performance; rather, we aim to maintain portfolio quality,\nmanage our capital carefully, and grow the business when conditions are\nfavourable,\" Bryan concluded.\n\nOutlook\n\nAs the Canadian luxury vehicle financing market evolves, the Company focuses\non business owners, professionals, and near-prime clients seeking more\nflexible options to acquire, upgrade, and resell luxury vehicles than\ntraditional financing offers. Management believes this segment aligns well\nwith Solution Financial's expertise in vehicle leasing, valuation, and\nremarketing.\n\nThe Company plans to grow selectively, prioritizing credit quality,\nrisk-adjusted returns, and vehicles with strong resale potential. It also\nexplores opportunities to deploy capital into organic growth and strategic\nventures that support the core leasing business and may boost long-term\nshareholder value.\n\nFinancial Results\n\nTotal revenues were $7,030,258 for the three months ending July 31, 2026,\ncompared to $2,296,637 in the comparative quarter, representing an increase of\n$4,733,621 (206%). The increase was primarily attributable to several\nultraluxury vehicle sales income arising from opportunistic remarketing\nopportunities.\n\nSolution is reporting net income of $187,098 for the quarter ending July 31,\n2026, compared to net income of $93,077 for the comparative period in 2025.\n\nAdjusted net income, which is more reflective of actual cash earnings, for the\nquarter ending July 31, 2026, was $299,763((1)) or $0.004 per share compared\nto $190,356 or $0.001 per share for the quarter ending July 31, 2025. Adjusted\nnet income excludes the non-cash accretion expense related to right of use\nassets of $27,101, income tax provision of $61,000, amortization of $20,765\nand accretion expense of $3,799.\n\nLease Portfolio\n\nAt July 31, 2026, Solution had 357 vehicles in its lease portfolio, a net\ndecrease of 10 vehicles over the quarter to bring the total lease portfolio to\n$32.08 million.\n\nAt July 31, 2026 the average remaining lease term for the portfolio was 1.8\nyears, weighted by net book value for each vehicle. At July 31, 2026,\nSolutions' 357 leases were generating annualized gross rental and lease cash\nflows of approximately $7.3 million.\n\nAbout Solution\n\nSolution Financial commenced operations in 2004 and specializes in sourcing\nand leasing luxury and exotic vehicles, yachts and other high value assets.\nSolution works with a select group of luxury automotive and marine dealerships\nproviding lending solutions to clients who prefer more flexible leasing\noptions than those traditionally offered by banks and other lease providers.\nTypical customers include business owners, professionals and other prime and\nnear-prime clients seeking greater flexibility to acquire, upgrade and resell\nluxury and ultraluxury vehicles than is typically available through\ntraditional financing alternatives. Solution Financial provides a unique\nleasing experience whereby it partners with its clients to help source limited\nedition and difficult to acquire vehicles as well as providing white glove\nservices to clients for insuring, maintaining, upgrading, and reselling their\nvehicles.\n\nNote 1- Non-IFRS Financial Metrics\n\nSolution provides all financial information in accordance with International\nFinancial Reporting Standards (\"IFRS\"). To supplement our consolidated\nfinancial statements presented in accordance with IFRS, we are also providing\nwith this press release, certain non-IFRS financial measures, including\nAdjusted Net Income. In calculating these non-IFRS financial measures, we have\nexcluded certain transactions that are not necessarily indicative of our\nongoing operations or do not impact cash flows. These measures are not\nrecognized measures under IFRS and do not have a standardized meaning\nprescribed by IFRS and are therefore unlikely to be comparable to similar\nmeasures presented by other issuers. These measures should not be considered\nin isolation nor as a substitute for analysis of our financial information\nreported under IFRS.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release contains \"forward-looking information\" as defined under\napplicable Canadian securities laws. This information includes, but is not\nlimited to, statements concerning our objectives, our strategies to achieve\nthose objectives, as well as statements made with respect to management's\nbeliefs, plans, estimates, projections and intentions, and similar statements\nconcerning anticipated future events, results, circumstances, performance or\nexpectations that are not historical facts. Forward-looking information\ngenerally can be identified by the use of forward-looking terminology such as\n\"outlook\", \"objective\", \"may\", \"will\", \"expect\", \"intend\", \"estimate\",\n\"anticipate\", \"believe\", \"should\", \"plans\" or \"continue\", or similar\nexpressions suggesting future outcomes or events. Such forward-looking\ninformation reflects management's current beliefs and is based on information\ncurrently available to management. Although forward-looking information\ncontained in this press release is based upon what management believes are\nreasonable assumptions, there can be no assurance that actual results will be\nconsistent with this forward-looking information. Certain statements included\nin this press release may be considered a \"financial outlook\" for purposes of\napplicable Canadian securities laws, and as such the financial outlook may not\nbe appropriate for purposes other than this press release.\n\nThe forward-looking information contained in this press release is made as of\nthe date of this press release and should not be relied upon as representing\nSolution's views as of any date subsequent to the date of this press release.\nExcept as required by applicable law, management and Solution's Board of\nDirectors undertake no obligation to publicly update or revise any\nforward-looking information, whether as a result of new information, future\nevents or otherwise.\n\nFor further information please contact Sean Hodgins at (778) 318-1514.\n\nON BEHALF OF THE BOARD\n\n(signed) \"Bryan Pang\"\nBryan Pang\nPresident, CEO and Director\n\nNeither TSX nor its Regulation Services Provider (as that term is defined in\nthe policies of the Exchange) accepts responsibility for the adequacy or\naccuracy of this release.\n\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE\nUNITED STATES\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/314071","article_body_html":"","raw_payload":{"data":{"id":"nNFC2KRHhm-20260911","title":"Solution Financial Reports Q3 2026 Financial Results","author":"Newsfile Corp","ticker":"SFI","created":"2026-09-11T21:08:08.208Z","tickers":["SFI"],"exchange":"TSX","article_body":"Vancouver, British Columbia--(Newsfile Corp. - September 11, 2026) - Solution\nFinancial Inc. (TSX: SFI) (the \"Company\") a leading provider of luxury and\nultra luxury asset leasing in Canada, today announced its financial results\nfor the third quarter ending July 31, 2026.\n\nEarnings Highlights for the third Quarter:\n* Net income for the quarter was $187,098 compared to net income of $93,077 in\nthe comparative quarter in 2025.\n* Revenue increased to $7.03 million compared to $2.30 million in the\ncomparative quarter, mainly driven by stronger vehicle sales activity.\n* Total finance lease portfolio remained strong at approximately $32 million,\nsupported by stable portfolio quality and continued credit performance during\nthe quarter.\n* Bank indebtedness was reduced to approximately $7.8 million, while\nsecuritization financing increased to approximately $15.4 million, providing\ncontinued funding flexibility for the Company.\nOperational Highlights for the Quarter:\n\n\"Q3 was an encouraging quarter for us, largely fueled by increased ultraluxury\nvehicle sales activity,\" said Bryan Pang, Chief Executive Officer of Solution\nFinancial. \"At the same time, our leasing and financing operations continued\nto provide a solid foundation for the Company.\"\n\n\"What we prioritize is not just the volume of business, but also the quality\nof the business we add to our portfolio. Our finance lease portfolio stood at\napproximately $32 million at quarter-end, with no accounts more than 60 days\npast due. We are committed to being selective rather than simply expanding the\nportfolio for the sake of growth.\"\n\n\"We also managed our funding prudently. Our bank indebtedness was reduced to\nabout $7.8 million, while our securitization financing increased to roughly\n$15.4 million. Having access to both financing facilities provides us with the\nflexibility to manage our cost of capital effectively and fund the right\nopportunities as they arise.\"\n\n\"It is important to note that results may fluctuate from quarter to quarter\ndue to the timing and mix of vehicle transactions. Our focus is not on a\nsingle quarter's performance; rather, we aim to maintain portfolio quality,\nmanage our capital carefully, and grow the business when conditions are\nfavourable,\" Bryan concluded.\n\nOutlook\n\nAs the Canadian luxury vehicle financing market evolves, the Company focuses\non business owners, professionals, and near-prime clients seeking more\nflexible options to acquire, upgrade, and resell luxury vehicles than\ntraditional financing offers. Management believes this segment aligns well\nwith Solution Financial's expertise in vehicle leasing, valuation, and\nremarketing.\n\nThe Company plans to grow selectively, prioritizing credit quality,\nrisk-adjusted returns, and vehicles with strong resale potential. It also\nexplores opportunities to deploy capital into organic growth and strategic\nventures that support the core leasing business and may boost long-term\nshareholder value.\n\nFinancial Results\n\nTotal revenues were $7,030,258 for the three months ending July 31, 2026,\ncompared to $2,296,637 in the comparative quarter, representing an increase of\n$4,733,621 (206%). The increase was primarily attributable to several\nultraluxury vehicle sales income arising from opportunistic remarketing\nopportunities.\n\nSolution is reporting net income of $187,098 for the quarter ending July 31,\n2026, compared to net income of $93,077 for the comparative period in 2025.\n\nAdjusted net income, which is more reflective of actual cash earnings, for the\nquarter ending July 31, 2026, was $299,763((1)) or $0.004 per share compared\nto $190,356 or $0.001 per share for the quarter ending July 31, 2025. Adjusted\nnet income excludes the non-cash accretion expense related to right of use\nassets of $27,101, income tax provision of $61,000, amortization of $20,765\nand accretion expense of $3,799.\n\nLease Portfolio\n\nAt July 31, 2026, Solution had 357 vehicles in its lease portfolio, a net\ndecrease of 10 vehicles over the quarter to bring the total lease portfolio to\n$32.08 million.\n\nAt July 31, 2026 the average remaining lease term for the portfolio was 1.8\nyears, weighted by net book value for each vehicle. At July 31, 2026,\nSolutions' 357 leases were generating annualized gross rental and lease cash\nflows of approximately $7.3 million.\n\nAbout Solution\n\nSolution Financial commenced operations in 2004 and specializes in sourcing\nand leasing luxury and exotic vehicles, yachts and other high value assets.\nSolution works with a select group of luxury automotive and marine dealerships\nproviding lending solutions to clients who prefer more flexible leasing\noptions than those traditionally offered by banks and other lease providers.\nTypical customers include business owners, professionals and other prime and\nnear-prime clients seeking greater flexibility to acquire, upgrade and resell\nluxury and ultraluxury vehicles than is typically available through\ntraditional financing alternatives. Solution Financial provides a unique\nleasing experience whereby it partners with its clients to help source limited\nedition and difficult to acquire vehicles as well as providing white glove\nservices to clients for insuring, maintaining, upgrading, and reselling their\nvehicles.\n\nNote 1- Non-IFRS Financial Metrics\n\nSolution provides all financial information in accordance with International\nFinancial Reporting Standards (\"IFRS\"). To supplement our consolidated\nfinancial statements presented in accordance with IFRS, we are also providing\nwith this press release, certain non-IFRS financial measures, including\nAdjusted Net Income. In calculating these non-IFRS financial measures, we have\nexcluded certain transactions that are not necessarily indicative of our\nongoing operations or do not impact cash flows. These measures are not\nrecognized measures under IFRS and do not have a standardized meaning\nprescribed by IFRS and are therefore unlikely to be comparable to similar\nmeasures presented by other issuers. These measures should not be considered\nin isolation nor as a substitute for analysis of our financial information\nreported under IFRS.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release contains \"forward-looking information\" as defined under\napplicable Canadian securities laws. This information includes, but is not\nlimited to, statements concerning our objectives, our strategies to achieve\nthose objectives, as well as statements made with respect to management's\nbeliefs, plans, estimates, projections and intentions, and similar statements\nconcerning anticipated future events, results, circumstances, performance or\nexpectations that are not historical facts. Forward-looking information\ngenerally can be identified by the use of forward-looking terminology such as\n\"outlook\", \"objective\", \"may\", \"will\", \"expect\", \"intend\", \"estimate\",\n\"anticipate\", \"believe\", \"should\", \"plans\" or \"continue\", or similar\nexpressions suggesting future outcomes or events. Such forward-looking\ninformation reflects management's current beliefs and is based on information\ncurrently available to management. Although forward-looking information\ncontained in this press release is based upon what management believes are\nreasonable assumptions, there can be no assurance that actual results will be\nconsistent with this forward-looking information. Certain statements included\nin this press release may be considered a \"financial outlook\" for purposes of\napplicable Canadian securities laws, and as such the financial outlook may not\nbe appropriate for purposes other than this press release.\n\nThe forward-looking information contained in this press release is made as of\nthe date of this press release and should not be relied upon as representing\nSolution's views as of any date subsequent to the date of this press release.\nExcept as required by applicable law, management and Solution's Board of\nDirectors undertake no obligation to publicly update or revise any\nforward-looking information, whether as a result of new information, future\nevents or otherwise.\n\nFor further information please contact Sean Hodgins at (778) 318-1514.\n\nON BEHALF OF THE BOARD\n\n(signed) \"Bryan Pang\"\nBryan Pang\nPresident, CEO and Director\n\nNeither TSX nor its Regulation Services Provider (as that term is defined in\nthe policies of the Exchange) accepts responsibility for the adequacy or\naccuracy of this release.\n\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE\nUNITED STATES\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/314071"},"type":"article","timestamp":"2026-09-11T21:08:08.269978573Z","server_sent_at_ms":1789160888269},"received_at":"2026-09-11T21:08:08.326Z","source_url":"https://www.newsfilecorp.com/release/314071"},"analysis":{"id":"130692","press_release_id":"141856","analysis_json":{"industry":{"label":"Consumer Finance","sector":"Financials"},"redFlags":["Revenue surge driven by opportunistic vehicle remarketing; management explicitly warns results fluctuate quarter to quarter with transaction timing and mix","Thin profitability: $187,098 net income on $7.03 million revenue (~2.7% net margin)","Lease portfolio contracted by 10 vehicles during the quarter"],"eventType":"earnings","narrative":"Solution Financial's Q3 2026 revenue more than tripled to $7.03 million, up 206% from $2.30 million a year earlier, driven by opportunistic ultra-luxury vehicle sales, while net income doubled to $187,098 from $93,077.\n\nAdjusted net income, a non-IFRS measure the company says better reflects cash earnings, rose to $299,763, or $0.004 per share, from $0.001 per share a year ago; the finance lease portfolio stood at $32.08 million across 357 vehicles with no accounts more than 60 days past due.\n\nBank indebtedness was cut to roughly $7.8 million while securitization financing grew to about $15.4 million, giving the company dual funding channels, though management cautioned that quarterly results fluctuate with the timing and mix of vehicle transactions.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Micro-cap luxury lender triples revenue on lumpy ultra-luxury vehicle sales — watch whether the growth repeats or reflects one-off remarketing gains."},"keyFigures":{"eps":0.004,"revenue":7030258,"revenueYoy":"206%","customDimensions":{"net_income":187098,"bank_indebtedness":7800000,"revenue_prior_year":2296637,"adjusted_net_income":299763,"net_income_prior_year":93077,"vehicles_in_portfolio":357,"adjusted_eps_prior_year":0.001,"finance_lease_portfolio":32080000,"annualized_lease_cash_flows":7300000,"adjusted_net_income_prior_year":190356,"avg_remaining_lease_term_years":1.8}},"quotedText":"Q3 was an encouraging quarter for us, largely fueled by increased ultraluxury\nvehicle sales activity","namedEntities":{"people":[{"name":"Bryan Pang","role":"President, CEO and Director"},{"name":"Sean Hodgins","role":"investor/media contact"}],"products":[],"companies":[{"name":"Solution Financial Inc.","ticker":"SFI","relationship":"filer"}],"dollarAmounts":[{"amount":"$7.03 million","context":"Q3 2026 revenue (vs $2.30 million prior-year quarter)"},{"amount":"$187,098","context":"Q3 2026 net income"},{"amount":"$93,077","context":"prior-year quarter net income"},{"amount":"$299,763","context":"Q3 2026 adjusted net income (non-IFRS)"},{"amount":"$32.08 million","context":"finance lease portfolio at July 31, 2026"},{"amount":"$7.8 million","context":"bank indebtedness at quarter-end"},{"amount":"$15.4 million","context":"securitization financing at quarter-end"},{"amount":"$7.3 million","context":"annualized gross rental and lease cash flows"},{"amount":"$4,733,621","context":"year-over-year revenue increase"}]},"materialImpact":{"score":3,"reasoning":"Revenue more than tripled (+206%) to $7.03 million and net income doubled to $187,098, a materially positive quarter for the filer. However, the growth comes from a small base and is driven by opportunistic ultra-luxury vehicle sales that management itself cautions will fluctuate with transaction timing, and there is no guidance or consensus comparison."},"tickerRelevance":{"others":[],"primary":"SFI"},"globalImportance":20,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap (TSX-listed, sub-$1M quarterly net income)","eventGravity":"earnings with 206% revenue growth off small base","sectorWeight":"low","issuerAuthored":true,"householdBrandBoost":false,"retailFavoriteBoost":false,"foreignIssuerDiscount":true}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Solution Financial's Q3 2026 revenue more than tripled to $7.03 million, up 206% from $2.30 million a year earlier, driven by opportunistic ultra-luxury vehicle sales, while net income doubled to $187,098 from $93,077.\n\nAdjusted net income, a non-IFRS measure the company says better reflects cash earnings, rose to $299,763, or $0.004 per share, from $0.001 per share a year ago; the finance lease portfolio stood at $32.08 million across 357 vehicles with no accounts more than 60 days past due.\n\nBank indebtedness was cut to roughly $7.8 million while securitization financing grew to about $15.4 million, giving the company dual funding channels, though management cautioned that quarterly results fluctuate with the timing and mix of vehicle transactions.","key_figures":{"eps":0.004,"revenue":7030258,"revenueYoy":"206%","customDimensions":{"net_income":187098,"bank_indebtedness":7800000,"revenue_prior_year":2296637,"adjusted_net_income":299763,"net_income_prior_year":93077,"vehicles_in_portfolio":357,"adjusted_eps_prior_year":0.001,"finance_lease_portfolio":32080000,"annualized_lease_cash_flows":7300000,"adjusted_net_income_prior_year":190356,"avg_remaining_lease_term_years":1.8}},"named_entities":{"people":[{"name":"Bryan Pang","role":"President, CEO and Director"},{"name":"Sean Hodgins","role":"investor/media contact"}],"products":[],"companies":[{"name":"Solution Financial Inc.","ticker":"SFI","relationship":"filer"}],"dollarAmounts":[{"amount":"$7.03 million","context":"Q3 2026 revenue (vs $2.30 million prior-year quarter)"},{"amount":"$187,098","context":"Q3 2026 net income"},{"amount":"$93,077","context":"prior-year quarter net income"},{"amount":"$299,763","context":"Q3 2026 adjusted net income (non-IFRS)"},{"amount":"$32.08 million","context":"finance lease portfolio at July 31, 2026"},{"amount":"$7.8 million","context":"bank indebtedness at quarter-end"},{"amount":"$15.4 million","context":"securitization financing at quarter-end"},{"amount":"$7.3 million","context":"annualized gross rental and lease cash flows"},{"amount":"$4,733,621","context":"year-over-year revenue increase"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-11T21:08:47.083Z","global_importance":20,"audience_relevance":12,"importance_components":{"tickerTier":"micro-cap (TSX-listed, sub-$1M quarterly net income)","eventGravity":"earnings with 206% revenue growth off small base","sectorWeight":"low","issuerAuthored":true,"householdBrandBoost":false,"retailFavoriteBoost":false,"foreignIssuerDiscount":true}},"durationMs":38746,"modelName":"glm-5.3-flash"}}