Canaf Investments Expands Reach, Delivers Robust Financial Performance

Canaf Investments Inc. (TSXV: CAF), a diversified investment company, has announced its financial results for the 9-month period ended July 31, 2024, showcasing a strong performance and the incorporation of a new subsidiary in South Africa. The company's focus on strategic investments and innovative financing solutions has driven its continued growth and success.

Unlocking New Opportunities, Driving Sustainable Growth

Solid Financial Footing: Impressive Revenue and Profitability

Canaf Investments has reported a remarkable financial performance for the 9-month period ended July 31, 2024. The company recorded revenue of CAN$24,959,020, a significant increase from the CAN$21,285,662 reported in the same period in 2023. This growth in revenue has translated into a net income of CAN$1,524,784, up from CAN$1,382,244 in the previous year. The results reflect a 12-month trailing earnings per share of CAN$0.05 as of July 31, 2024, showcasing the company's ability to generate consistent and sustainable returns for its shareholders.As of July 31, 2024, Canaf Investments' shareholder equity stood at CAN$10.9 million, corresponding to a book value per share of CAN$0.229, a significant increase from the CAN$0.172 per share reported on July 31, 2023. This strong financial position underscores the company's commitment to prudent financial management and its focus on creating long-term value for its stakeholders.

Expanding Horizons: Establishing a New Subsidiary in South Africa

In a strategic move, Canaf Investments has incorporated a new wholly owned subsidiary, Canaf Capital (Pty) Ltd., in South Africa. This new entity will focus on providing short-term, asset-backed financing to support growth across various sectors in the country.Canaf Capital will primarily collaborate with the Alternative Finance Group (AFG), a well-established group that specializes in providing asset-backed short-term financing to enterprises and entrepreneurs in South Africa. AFG will be responsible for sourcing, administering, and securing the capital provided by Canaf Capital on a deal-by-deal basis.By the end of January 2025, Canaf Capital plans to have approximately CAN$1.9 million allocated, which is expected to generate returns of up to 2.25% per month. This strategic partnership and the establishment of Canaf Capital will enable the company to diversify its revenue streams and capitalize on the growing demand for alternative financing solutions in the South African market.

Commitment to Transparency and Shareholder Communication

Canaf Investments remains committed to maintaining a high level of transparency and effective communication with its shareholders. The company has made its Financial Statements and Management Discussion and Analysis for the 9-month period ended July 31, 2024 available on SEDAR (www.sedarplus.ca) and its corporate website (www.canafinvestments.com).By providing timely and comprehensive financial information, Canaf Investments aims to keep its shareholders informed about the company's performance, strategic initiatives, and future prospects. This commitment to transparency and open communication is a testament to the company's dedication to upholding the highest standards of corporate governance and fostering trust with its investor community.

Navigating the Future with Confidence and Resilience

Canaf Investments' strong financial results, strategic expansion, and commitment to transparency position the company for continued growth and success. The incorporation of Canaf Capital in South Africa and the partnership with the Alternative Finance Group open up new avenues for the company to diversify its revenue streams and capitalize on emerging opportunities in the alternative financing market.As Canaf Investments looks ahead, the company remains focused on executing its strategic vision, leveraging its expertise, and exploring innovative ways to create value for its shareholders. With a solid financial foundation, a diversified portfolio, and a dedicated team, Canaf Investments is well-equipped to navigate the evolving business landscape and deliver sustainable long-term growth.