Rf Capital Group Inc. ( (GMPXF) ) has released its Q1 earnings. Here is a breakdown of the information Rf Capital Group Inc. presented to its investors.
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RF Capital Group Inc., a prominent Canadian wealth management firm, operates under the Richardson Wealth brand and is known for its strategic wealth advice and investment solutions tailored for high net worth clients. In the first quarter of 2025, RF Capital reported a revenue increase of 11% to $99.4 million, driven by a 6% rise in assets under administration to $39.2 billion, despite a challenging economic environment. Key financial metrics revealed a mixed performance, with gross margin increasing by 5% to $55.4 million, while EBITDA fell by 30% to $9.5 million due to higher operating expenses linked to balance sheet revaluation adjustments. The company also reported a net loss of $4.1 million, up from $1.1 million in the previous year, although cash from operating activities improved significantly to $5.4 million. Looking ahead, RF Capital remains focused on strategic growth through advisor recruitment and enhancing client service, despite anticipated market volatility and economic uncertainties. The company is committed to leveraging its free cash flow for growth initiatives and maintaining its position as a leading independent wealth management firm in Canada.