TORONTO, May 06, 2026 (GLOBE NEWSWIRE) -- Helios Fairfax Partners Corporation (TSX:HFPC) today announced its financial results for the first quarter and three months ended March 31, 2026. All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted.
Management Commentary
"We are pleased to present a strong set of first quarter 2026 results, headlined by $6 million of net profit and our fifth consecutive quarter of book value per share growth" said Tope Lawani and Babatunde Soyoye, Co‑CEOs of Helios Fairfax Partners.
"This quarter represents our first with Helios's asset management business consolidated into HFP's financial statements. We delivered $13 million of investment income in the quarter despite turbulent macroeconomic headwinds and $6 million of management fees from our asset management business. Our results generated net profit per share of $0.06 and book value per share growth of $0.05 for our shareholders."
"During the quarter Helios Sports & Entertainment Group held its first close in its Series B fundraise and HFP settled its loan facility with Helios Digital Ventures in exchange for an equity position to further benefit from future upside in the strategy. We are pleased to have laid the foundations for a positive year for our shareholders."
(US$ million except per share)
First quarter
2026
2025
Investment income
13.1
8.4
Management fees
5.9
—
Total income
21.8
8.4
EBITDA
11.0
2.5
Net profit
6.3
0.9
Net profit per share
$
0.06
$
0.01
Portfolio Investments
429.8
463.7
Total assets
570.6
481.4
Common shareholders' equity
463.2
456.9
Book value per share
$
4.27
$
4.22
First Quarter 2026 Highlights
Book value per share up 1% to $4.27 for Q1 2026 from $4.22 for Q4 2025, HFP's fifth consecutive quarter of book value per share growth.
Net profit of $6.3 million for Q1 2026, compared to $0.9 million for Q1 2025, equating to earnings per share of $0.06 for Q1 2026 and $0.01 for Q1 2025.
Investment income of $13.1 million for Q1 2026, compared to $8.4 million for Q1 2025. The main drivers of the $13.1 million investment income for Q1 2026 were fair value gains on Seven Rivers and Trone.
HFP started to consolidate Helios' asset management business from January 1, 2026. HFP's MD&A and financial statements contain explanatory disclosures regarding the comparability of prior year financial information.
The value of portfolio investments was $429.8 million at Q1 2026. The movement from Q4 2025 was driven by fair value gains of $13.1 million, net capital deployment of $2.7 million and a net reduction of $49.6 million driven by the business combination.
HFP delivered management fees of $5.9 million and other income of $2.9 million related to consulting fees through its asset management business in the quarter.
HFP's investment HSEG completed its first Series B close in January 2026. Upon completion, HFP subscribed for $2.5 million of Series B shares and converted its ordinary shares into Series A shares.
HFP increased its borrowing facilities limit to $85 million with an option to increase by a further $15 million.
HFP, as part of a Helios consortium, announced an offer to acquire the outstanding shares of CAB Payments Holdings plc. The maximum amount payable by HFP under the offer is approximately $75 million. In addition, as Helios Fund V is participating in the cash offer, there will be a related capital call to be funded by the company for Helios Fund V if the offer is successful.
About Helios Fairfax Partners Corporation
Helios Fairfax Partners Corporation is an investment holding company that is listed on the Toronto Stock Exchange under the symbol HFPC.U. The company invests in African businesses and other businesses with customers, suppliers or operations primarily conducted in, or dependent on, Africa. It is advised by Helios Investment Partners LLP which is authorized and regulated by the Financial Conduct Authority in the United Kingdom. As at March 31, 2026, HFP had Portfolio Investments totaling $429.8 million.
Contact Information
Neil WeberLodeRock Advisors[email protected](647) 222-0574
This press release may contain forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements may relate to the company's or a Portfolio Investment's future outlook and anticipated events or results and may include statements regarding the financial position, business strategy, growth strategy, budgets, operations, financial results, taxes, dividends, plans and objectives of the company. Particularly, statements regarding future results, performance, achievements, prospects or opportunities of the company, a Portfolio Investment, or the African market are forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". Some of the specific forward-looking statements in this press release include, but are not limited to, statements with respect to: the value generating potential of HFP's investments in a diversified set of strategies; the increased credit facility supporting further investments that would complement the portfolio; the long-term appreciation potential of the portfolio and the company's positioning to deliver meaningful value to shareholders; and the offer to acquire the outstanding shares of CAB Payments Holdings plc.
Forward-looking statements are based on a number of key expectations and assumptions made by the company including, without limitation, that: HFP's investments and positioning will generate the value expected; the increased credit facility will be used to support further complementary investments; and the offer to acquire the outstanding shares of CAB Payments Holdings plc will be completed on the terms currently contemplated.
Forward-looking statements are based on our opinions and estimates as of the date of this press release and they are subject to known and unknown risks and uncertainties that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the following factors: geopolitical risks, inflation, and interest rates; tariffs; financial market fluctuations; reliance on key personnel and risks associated with the Investment Advisory Agreement; concentration risk in Portfolio Investments, including geographic concentration and with respect to Class A and Class B limited partnership interests in the Portfolio Advisor; operating and financial risks of Portfolio Investments; valuation methodologies involve subjective judgments; investments may be made in foreign private businesses where information is unreliable or unavailable; use of leverage; lawsuits; cybersecurity and technology; reliance on third parties; significant ownership by Fairfax Financial Holdings Limited ("Fairfax") and HFP Investments Holdings SARL ("Principal Holdco") may adversely affect the market price of the subordinate voting shares; taxation risks; emerging markets; and climate change, natural disaster, and weather risks. Additional risks and uncertainties are described in the company's 2025 annual report and annual information form, both dated ...
