Kingsway Financial Services ( (KFS) ) has released its Q2 earnings. Here is a breakdown of the information Kingsway Financial Services presented to its investors.
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Kingsway Financial Services Inc., a unique publicly-traded company in the U.S., employs the Search Fund model to acquire and build high-quality B2B and B2C services companies, focusing on asset-light, profitable, and recurring revenue businesses. In its second quarter of 2025, Kingsway reported a 16.9% increase in consolidated revenue, reaching $30.9 million, despite a net loss of $3.2 million. The company’s KSX segment showed significant growth with a 42.1% increase in revenue, while the Extended Warranty segment saw a modest rise of 3.1%. However, the adjusted consolidated EBITDA decreased to $1.7 million from $2.5 million in the previous year. Notably, Kingsway reduced its net debt to $46.2 million from $52.0 million at the end of 2024. The company also completed a $15.7 million private placement, enhancing its financial resources for growth. Additionally, Kingsway made strategic acquisitions, including Roundhouse Electric & Equipment Co., AAA Flexible Pipe Cleaning Corp, and The HR Team, Inc., which are expected to contribute significantly to its revenue and EBITDA. Looking ahead, Kingsway’s management remains optimistic about its growth trajectory, emphasizing the robust KSX acquisition pipeline and the company’s commitment to building a larger, more profitable business through its public Search Fund strategy.