Sale of Fortman Insurance Services
Completed the $5 million sale of Fortman Insurance Services, realizing a $3 million gain and using proceeds to reduce long-term debt by approximately 50%.
Significant Increase in Unrestricted Cash
Unrestricted cash increased by approximately 590% or $2.6 million compared to the prior fiscal year-end.
Improved Financial Flexibility
Working capital increased by $1.2 million or 284%, and equity grew by $3.7 million or 125%.
Launch of New Client Service Center
Introduced a major enhancement to the RELI Exchange platform, streamlining operations and improving partner productivity.
Special Cash Dividend Declared
The company's first special cash dividend of $0.03 per share was approved, reflecting a disciplined approach to capital allocation.
Digital Asset Treasury Initiative
Continued investment in digital assets like Ethereum, Cardano, Bitcoin, XRP, and Solana, as part of a forward-looking capital strategy.