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TORONTO, Aug. 08, 2025 (GLOBE NEWSWIRE) — Helios Fairfax Partners Corporation (TSX:HFPC) today announced its financial results for the three and six months ended June 30, 2025. All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from the interim consolidated financial statements prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”) applicable to the preparation of interim financial statements, including International Accounting Standard 34 Interim Financial Reporting, except as otherwise noted.
Management Commentary
“The second quarter of 2025 marked a return to growth in book value and strong net earnings due to performance of our Helios Managed Investments and improved expectations of value realization from the underlying investments,” said Tope Lawani and Babatunde Soyoye, Co-CEOs of Helios Fairfax Partners. “We actively seek investments in innovative and value-creating sectors of the African economy, and in keeping with that strategy we deployed capital towards a number of existing investments, including Helios Fund IV, Helios Digital Ventures and Helios Sports & Entertainment Group. We are encouraged by the improving environment for fund raising and remain well positioned to capitalize on emerging opportunities that will drive long-term capital appreciation for Helios Fairfax Partners.”
Highlights During and Subsequent to the Second Quarter of 2025
- Book value per share for the second quarter of 2025 was $3.96, compared to $3.85 in the first quarter of 2025.
- HFP reported net earnings of $11.6 million for the second quarter of 2025, compared to net earnings of $0.9 million in the first quarter of 2025.
- The increase in book value per share compared to the first quarter of 2025 and the net earnings in the second quarter of 2025 were primarily due to unrealized gains related to the Helios Managed Investments and TopCo LP Class A. These unrealized gains were offset by unrealized losses on the company’s investments in TopCo LP Class B and Indirect equity investment in Nova Pioneer.
- HFP deployed $1.2 million under the loan facility with Digital Ventures and $1.5 million under the $13.5 million loan facility with HSEG during the quarter. HFP also entered into a new loan facility with HSEG for $10 million during the quarter and deployed $5.0 million under that facility.
- HFP funded capital calls of $6.2 million for Helios Fund IV and $0.9 million for TopCo LP Class A during the quarter.
- HFP redeemed part of its investment in Seven Rivers for $18.0 million during the quarter, $9.0 million of which was received in cash and $9.0 million of which was receivable at June 30, 2025.
- Subsequent to the second quarter of 2025, HFP committed to investing $20.0 million in Helios Fund V, which completed its first …