AmeriTrust Announces Second Quarter 2025 Financial Results

Executive Summary

• AmeriTrust Financial Technologies Inc. has released its interim Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) for the three and six months ended June 30, 2025.
• The company reported a decrease in cash on hand from $10.23 million at year-end 2024 to $6.08 million as of June 30, 2025, with a working capital surplus of $2.10 million.
• Second-quarter 2025 revenue declined to $407,347 compared to $438,812 in Q1 2025 and $542,166 in Q2 2024, while Adjusted EBITDA loss decreased from Q1 2025 due to favorable foreign exchange movements but increased year-over-year due to higher personnel costs.

Key Details

• Cash Position: Cash on hand was $6,076,370 at June 30, 2025, down from $10,231,191 at December 31, 2024. The balance includes cash collected from lease holders on serviced lease portfolios, which are reported as accounts payable.
• Working Capital: Reported a working capital surplus of $2,103,566 as of June 30, 2025, compared to $4,002,995 at December 31, 2024.
• Q2 2025 Revenue: Revenue decreased to $407,347 for the second quarter of 2025.
• Revenue Comparisons:
  • Q1 2025 Revenue: $438,812.
  • Q2 2024 Revenue: $542,166.
• Adjusted EBITDA Performance:
  • Q2 2025 Adjusted EBITDA loss decreased compared to Q1 2025, primarily driven by the strengthening of the Canadian dollar against the U.S. dollar.
  • Q2 2025 Adjusted EBITDA loss increased compared to Q2 2024, attributed to increased personnel costs related to additional hiring.
• Filing Details: Interim Consolidated Financial Statements and MD&A for the three and six months ended June 30, 2025, are available on SEDAR+ under the company's profile.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.