Ameritrust loses $2.98-million in Q3 2025

Executive Summary

• Ameritrust Financial Technologies Inc. has filed its interim consolidated financial statements and management's discussion and analysis (MD&A) for the three and nine months ended September 30, 2025.
• The company reported a significant decline in cash on hand and working capital surplus compared to the end of 2024, alongside a decrease in third-quarter revenue.
• The adjusted EBITDA loss for Q3 2025 increased compared to Q2 2025, primarily attributed to higher salaries and wages resulting from new hires ahead of the restart of lease originations.

Key Details

• Cash Position: Cash on hand at September 30, 2025, was $4,140,969, a decrease from $10,231,191 as of December 31, 2024. This balance includes cash collected from lease holders on serviced lease portfolios reported as accounts payable.
• Working Capital: The working capital surplus stood at $44,759 as of September 30, 2025, compared to $4,002,995 at December 31, 2024.
• Revenue Performance:
  • Q3 2025 Revenue: $389,724
  • Q2 2025 Revenue: $407,347
  • Q3 2024 Revenue: $514,144
• Profitability Metrics: Adjusted EBITDA loss for Q3 2025 increased compared to Q2 2025.
• Operational Drivers: The increase in losses was primarily due to increased salaries and wages from new hires in preparation for the restart of lease originations.
• Filing Information: Interim consolidated financial statements and MD&A for the three and nine months ended September 30, 2025, are available under the company's profile at SEDAR+.

Notable Quotes

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