Solution Financial Reports Q3 2026 Financial Results

Vancouver, British Columbia--(Newsfile Corp. - September 11, 2026) - Solution Financial Inc. (the " Company ") a leading provider of luxury and ultra luxury asset leasing in Canada, today announced its financial results for the third quarter ending July 31, 2026.

Earnings Highlights for the third Quarter: Net income for the quarter was $187,098 compared to net income of $93,077 in the comparative quarter in 2025. Revenue increased to $7.03 million compared to $2.30 million in the comparative quarter, mainly driven by stronger vehicle sales activity. Total finance lease portfolio remained strong at approximately $32 million, supported by stable portfolio quality and continued credit performance during the quarter. Bank indebtedness was reduced to approximately $7.8 million, while securitization financing increased to approximately $15.4 million, providing continued funding flexibility for the Company.

Operational Highlights for the Quarter: "Q3 was an encouraging quarter for us, largely fueled by increased ultraluxury vehicle sales activity," said Bryan Pang, Chief Executive Officer of Solution Financial. "At the same time, our leasing and financing operations continued to provide a solid foundation for the Company."

"It is important to note that results may fluctuate from quarter to quarter due to the timing and mix of vehicle transactions. Our focus is not on a single quarter's performance; rather, we aim to maintain portfolio quality, manage our capital carefully, and grow the business when conditions are favourable," Bryan concluded.

Outlook As the Canadian luxury vehicle financing market evolves, the Company focuses on business owners, professionals, and near-prime clients seeking more flexible options to acquire, upgrade, and resell luxury vehicles than traditional financing offers. Management believes this segment aligns well with Solution Financial's expertise in vehicle leasing, valuation, and remarketing. The Company plans to grow selectively, prioritizing credit quality, risk-adjusted returns, and vehicles with strong resale potential. It also explores opportunities to deploy capital into organic growth and strategic ventures that support the core leasing business and may boost long-term shareholder value.

Financial Results Total revenues were $7,030,258 for the three months ending July 31, 2026, compared to $2,296,637 in the comparative quarter, representing an increase of $4,733,621 (206%). The increase was primarily attributable to several ultraluxury vehicle sales income arising from opportunistic remarketing opportunities. Solution is reporting net income of $187,098 for the quarter ending July 31, 2026, compared to net income of $93,077 for the comparative period in 2025. Adjusted net income, which is more reflective of actual cash earnings, for the quarter ending July 31, 2026, was $299,763 (1) or $0.004 per share compared to $190,356 or $0.001 per share for the quarter ending July 31, 2025. Adjusted net income excludes the non-cash accretion expense related to right of use assets of $27,101, income tax provision of $61,000, amortization of $20,765 and accretion expense of $3,799.

Lease Portfolio At July 31, 2026, Solution had 357 vehicles in its lease portfolio, a net decrease of 10 vehicles over the quarter to bring the total lea...