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Earnings

North America Home Finance Inc. Financial Results for the Second Quarter Ended December 31, 2025

By The Northwire Desk — AI Analysis Mar 02, 2026 · 16:49 NAHF · 0.49 North America Home Finance Inc.
NAHF · Price

Executive Summary

  • NAHF reported a strong revenue surge (+47% Q3 and +138% six‑month YoY) driven by rental, sub‑lease income and the first home sales of 2025.
  • Net loss widened to $1.70 M for the quarter and $3.21 M for the six months, reflecting higher operating costs, HOA fees, insurance, utilities and mortgage interest tied to expanded asset base.
  • Total assets grew 11.6% to $119.5 M; non‑current financial liabilities fell $4.1 M as two mortgages were re‑classified as current and existing loans were refinanced/extended.

Key Details

  • Revenue: $0.76 M (Q3) vs $0.51 M YoY; $2.32 M (six months) vs $0.97 M YoY.
  • Net Loss: $(1.70 M) Q3 vs $(0.47 M) YoY (+264%); $(3.21 M) six‑month vs $(1.13 M) YoY (+183%).
  • Weighted Avg. Shares: 79,762,956 (Q3), up 2% YoY.
  • Basic & Diluted Loss/Share: $0.021 Q3; $0.040 six‑month.
  • Asset Growth: Total assets $119.5 M (up $12.35 M); non‑current liabilities $76.6 M (down $4.1 M).
  • Financing Activity: Re‑financed $13.5 M mortgage with a new $14.5 M loan from Peakhill Capital; repaid $1.5 M to 1 City Financial. Subsequent extensions moved the $14.5 M loan term to June 1 2027 and extended two 1 City mortgages to September 1 2027.
  • HomePlan Agreements: Continued growth in program participation (no specific count disclosed).
  • Operational Highlights: Completed Phase 1 of Saanich Ridge rental community – 26 homes rented; acquired 80 units in Five Crossings development, partially leased by year‑end. Home sales contributed 36% of six‑month revenue (first home sale recorded).
  • Non‑GAAP Cash Flow: Average annualized contractual recurring cash flow fell $0.35 M YoY due to 15% vacancy at Kelowna property and rent mix changes.
  • Investment Property Portfolio (as of Dec 31 2025):
  • Edmonton properties – $76.6 K
  • Saanich Ridge Development – development costs $40.3 M, right‑of‑use assets $3.34 M
  • Five Crossings Development – $26.8 M
  • IPO Completion: Company completed IPO and is now listed on the CSE; total IPO/initial offering cost approx. $1.3 M.

Notable Quotes

“The team has worked very hard over the last 20 months to complete the process of becoming a reporting issuer… We can now employ strategies for transacting with developers and landlords that we haven’t had available to us in the past.” – George Lawton, CEO

Read the original news release →

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