Solution Financial Reports Strong Q3 Revenue and Portfolio Growth

Solution Financial Inc, a leading provider of luxury and ultra-luxury asset leasing in Canada, reported strong financial results for the third quarter of 2026. The company saw a significant increase in net income and revenue, highlighting a robust performance in the luxury vehicle financing market.

For the quarter ending July 31, 2026, Solution Financial reported a net income of $187,098, up from $93,077 in the same period of 2025. Revenue surged to $7.03 million, a substantial increase from $2.30 million in the previous year. This growth was primarily driven by stronger vehicle sales activity, particularly in the ultraluxury segment.

The company's finance lease portfolio remained strong at approximately $32 million. Bryan Pang, CEO of Solution Financial, attributed this success to the company's selective approach to portfolio growth.

Pang emphasized the company's commitment to maintaining portfolio quality. "Our finance lease portfolio stood at approximately $32 million at quarter-end, with no accounts more than 60 days past due. We are committed to being selective rather than simply expanding the portfolio for the sake of growth."

The company also managed its funding prudently. Bank indebtedness was reduced to approximately $7.8 million, while securitization financing increased to approximately $15.4 million. This dual funding strategy provides the company with the flexibility to manage its cost of capital effectively and fund the right opportunities as they arise.

"We also managed our funding prudently," Pang noted. "Our bank indebtedness was reduced to about $7.8 million, while our securitization financing increased to roughly $15.4 million. Having access to both financing facilities provides us with the flexibility to manage our cost of capital effectively and fund the right opportunities as they arise."

Solution Financial's focus on business owners, professionals, and near-prime clients seeking more flexible options to acquire, upgrade, and resell luxury vehicles than traditional financing offers remains unchanged. 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.

For the quarter, total revenues were $7,030,258, compared to $2,296,637 in the same period of 2025, representing an increase of $4,733,621 (206%). The increase was primarily attributable to several ultraluxury vehicle sales income arising from opportunistic remarketing opportunities.

At July 31, 2026, Solution had 357 vehicles in its lease portfolio, a net decrease of 10 vehicles over the quarter. The average remaining lease term for the portfolio was 1.8 years, weighted by net book value for each vehicle. At July 31, 2026, the leases were generating annualized gross rental and lease cash flows of approximately $7.3 million.

Solution Financial, which commenced operations in 2004, specializes in sourcing and leasing luxury and exotic vehicles, yachts, and other high-value assets. The company works with a select group of luxury automotive and marine dealerships, providing lending solutions to clients who prefer more flexible leasing options than those traditionally offered by banks and other lease providers.