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Canaf Reports Financial Results for Fiscal Year 2025

(Very Positive)
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Canaf (OTC: CAFZF) reported audited results for the year ended October 31, 2025, posting record net earnings and higher book value per share despite lower revenue.

Key figures: 2025 revenue CAN$27.67 million (2024: CAN$32.74m), net income CAN$2.42 million (EPS CAN$0.0511, +12% YoY), shareholders' equity CAN$14.76 million (book value per share CAN$0.311, +23%). The company ended fiscal 2025 with a strong cash position and no debt.

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Positive

  • Net income increased by 12% YoY
  • Book value per share rose 23% YoY
  • Shareholders' equity increased to CAN$14.76M
  • No debt and a strong cash position

Negative

  • Revenue declined to CAN$27.67M (down >10% YoY)

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Canaf Investments Inc. (TSXV: CAF), ("Canaf") the Canada-registered corporation, is pleased to report its audited financial results for the year ended October 31, 2025, highlighted by record net earnings and book value per share, reflecting stronger contributions from its new divisions.

For the year ended October 31, 2025, Canaf generated revenue of CAN$27.67 million (2024: CAN$32.74 million). Despite lower revenue from its core anthracite beneficiation business, net income attributable to shareholders increased to CAN$2.42 million (2024: CAN$2.16 million), representing earnings per share of CAN$0.0511, an increase of 12% year-on-year.

As at October 31, 2025, shareholders' equity increased to CAN$14.76 million (2024: CAN$12.00 million), resulting in a book value per share of CAN$0.311, up 23% from the prior year. The Corporation ended the year with a strong cash position, providing flexibility to fund ongoing operations and organic growth initiatives.

Christopher Way, CEO of Canaf, commented: "Fiscal 2025 represents an important milestone for Canaf. While Southern Coal underpins cash generation, our strategy of reinvesting surplus cash into higher-margin, scalable divisions is clearly gaining traction. Capital deployment remains disciplined, with a continued focus on return on invested capital and balance-sheet strength. The performance of Canaf Capital and our property portfolio has meaningfully enhanced earnings stability and further increased book value per share. With a strong cash position and no debt, we are well positioned to continue executing our long-term diversification strategy in South Africa, while maintaining agility in a dynamic and developing market environment."

The Corporation's audited financial statements and Management's Discussion and Analysis for the year ended October 31, 2025 are available on www.sedarplus.ca and at www.canafinvestments.com.

About Canaf

Canaf is a public company listed on the TSX-V Exchange. Canaf's registered office is in Vancouver, Canada, with offices in the United Kingdom and South Africa. Canaf owns 100% of Quantum Screening and Crushing (Pty) Ltd., ("Quantum"), a South African company that owns 70% of Southern Coal (Pty) Ltd., ("Southern Coal"), a company that produces a high carbon, de-volatilised (calcined) anthracite. Canaf also owns 100% of Canaf Investments (Pty) Ltd., a South African holding company that wholly owns Canaf Estate Holdings (Pty) Ltd., Canaf Capital (Pty) Ltd., and Canaf Agri (Pty) Ltd.

Forward-Looking Statements

Certain information regarding Canaf contained herein may constitute forward-looking statements. Forward looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Canaf believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Canaf is under no obligation to update or alter any forward-looking statement. These risks include operational, political, currency and geological risks and the ability of Canaf to raise or obtain funds for its operations. Canaf's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

UK Office

Christopher Way
Canaf Investments Inc.
E: info@canafinvestments.com
W: www.canafinvestments.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285734

FAQ

What were Canaf's (CAFZF) full-year results for fiscal 2025?

Canaf reported 2025 revenue of CAN$27.67 million and net income of CAN$2.42 million. According to the company, EPS was CAN$0.0511 and shareholders' equity rose to CAN$14.76 million, lifting book value per share to CAN$0.311.

Why did Canaf (CAFZF) report higher net income despite lower revenue in 2025?

Net income rose due to stronger contributions from new divisions and portfolio gains. According to the company, reinvestment into higher‑margin divisions and improved earnings from Canaf Capital and property holdings boosted profitability.

How did Canaf's (CAFZF) book value per share change in fiscal 2025?

Book value per share increased to CAN$0.311, up 23% year‑over‑year. According to the company, higher shareholders' equity of CAN$14.76 million drove the book value improvement.

What is Canaf's (CAFZF) cash and debt position at fiscal year-end October 31, 2025?

Canaf finished fiscal 2025 with a strong cash position and no debt. According to the company, this liquidity provides flexibility to fund operations and organic growth initiatives.

What are the investor implications of Canaf's (CAFZF) 2025 results?

Results show improved profitability and balance‑sheet strength despite revenue decline. According to the company, diversification into higher‑margin divisions increased earnings stability and raised book value per share for shareholders.