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Earnings

Financial Results for the Third Quarter of 2025

By The Northwire Desk — AI Analysis Nov 11, 2025 · 17:44 HFPC · 1.88 None
HFPC · Price

Executive Summary

  • Helios Fairfax Partners reported Q3 2025 net earnings of $9.7 million, up from $4.0 million in Q3 2024, driven by strong unrealized gains on its managed investments and TopCo LP interests.
  • Book value per share increased to $4.05 (up from $3.96 in Q2 2025 and $3.84 at year‑end 2024).
  • The company committed $20 million to Helios Fund V (first close) and contributed an additional $2 million for the management team commitment, securing a 50% carried‑interest share.

Key Details

  • Net earnings: $9.7 M in Q3 2025 vs. $11.6 M in Q2 2025; $4.0 M in Q3 2024.
  • Unrealized gains: $12.5 M from Helios Managed Investments; $7.4 M from TopCo LP Class A; $2.5 M from TopCo LP Class B.
  • Nine‑month results (Jan–Sep 2025): Net earnings of $22.1 M vs. a net loss of $17.2 M in the same period 2024.
  • Book value per share: $4.05 at Sep 30 2025 (up from $3.96 Q2 2025; $3.84 Dec 31 2024).
  • Cash & equivalents: $15.5 M included in book value as of Sep 30 2025.
  • Shares outstanding: 108,291,576 common shares at Sep 30 2025 (vs. 108,179,127 at Dec 31 2024).
  • Capital deployment: $4.5 M drawn from a $10 M loan facility with HSEG during the quarter.
  • Fund commitments: Funded $0.6 M capital calls for Helios Fund V; committed $20 M total to Fund V (first close) plus $2 M management‑team commitment, granting 50% of future carried interest on TopCo LP Class A and entitlement to excess management fees from TopCo LP Class B.
  • Expenses: $16.7 M for the first nine months, including $2.7 M related to Helios Seven Rivers Fund.
  • Interest income: $4.0 M for the first nine months.

Notable Quotes

“The third quarter of 2025 delivered another period of growth in book value and strong net earnings… With the first close of Helios Fund V and growing investor interest across our platform, we remain confident in our ability to generate sustained capital appreciation and long‑term value for our shareholders.” – Tope Lawani & Babatunde Soyoye, Co‑CEOs

All boilerplate, forward‑looking statements, and company background have been omitted.

Read the original news release →

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