Queen's Road Capital Investment Q3 Revenue Up 28%, Net Income Rises 31% YoY

Queen's Road Capital Investment Ltd. reported Q3 revenue of USD 40.53 million, up from USD 31.63 million YoY, and net income of USD 39.49 million, up from USD 30.15 million YoY. Basic earnings per share from continuing operations were USD 0.81, up from USD 0.66 YoY. For the nine months, revenue was USD 34.06 million, down from USD 81.68 million YoY, and net income was USD 30.27 million, down from USD 78.05 million YoY.

Queen's Road Capital Investment Ltd. (QRC) has released its Q3 financial results for the period ended May 31, 2025. The company reported a significant increase in revenue and net income compared to the same period last year. Here are the key highlights:

Revenue and Income:
- Q3 revenue reached USD 40.53 million, an increase of 28% year-over-year (YoY) from USD 31.63 million.
- Net income for the quarter was USD 39.49 million, up 31% YoY from USD 30.15 million.
- Basic earnings per share from continuing operations were USD 0.81, up 24% YoY from USD 0.66.

Nine-Month Performance:
- For the nine months ended May 31, 2025, revenue was USD 34.06 million, a decrease of 58% YoY from USD 81.68 million.
- Net income for the nine months was USD 30.27 million, down 61% YoY from USD 78.05 million.

Investment Income and Operating Expenses:
- Income from investments, including interest and other income, establishment fee income, and realized and unrealized gains, contributed significantly to the revenue increase.
- Operating expenses, primarily consisting of business development and marketing, depreciation, management and director fees, office and administration, and professional and regulatory fees, totaled USD 707 thousand in Q3 2025, up 13% YoY from USD 624 thousand.

Cash Flow:
- The company's cash flows from operating activities were USD 4.314 million in Q3 2025, compared to USD 4.083 million in Q3 2024.
- Financing activities included the issuance of common shares through private placement and options, repurchases of common shares, and dividends paid, resulting in a net cash flow of USD 8.032 million in Q3 2025.

Investing Activities:
- Investing activities included the acquisition of investments and proceeds from the sale of equity and other investments, resulting in a net cash outflow of USD 11.486 million in Q3 2025.

Shareholder Information:
- The company's share capital stood at USD 201.243 million at the end of Q3 2025, up from USD 177.327 million at the end of Q3 2024.
- The number of common shares outstanding increased from 45.604 million at the end of Q3 2024 to 49.824 million at the end of Q3 2025, reflecting the share consolidation approved by the Board of Directors.

Conclusion:
Queen's Road Capital Investment Ltd. demonstrated strong financial performance in Q3 2025, with significant increases in revenue and net income. The company's focus on investment income and strategic financial activities contributed to its financial results. However, the decrease in revenue and net income for the nine months ended May 31, 2025, suggests a challenging year-to-date performance. Investors should closely monitor the company's ongoing financial activities and future performance to assess its long-term prospects.

References:
[1] https://www.marketscreener.com/quote/stock/QUEEN-S-ROAD-CAPITAL-INVE-49478657/news/Queen-Road-Capital-Investment-Financial-Statement-qrc-q3-2025-05-31-fs-final-signed-50501520/