Standard Premium Finance Holdings, Inc.

Standard Premium Finance Holdings, Inc. (SPFX) reported strong FY 2025 performance in its 10-K filing, with total revenues of $12.5M, up 2.7% YoY from $12.1M in 2024, driven by a 4.1% increase in finance charges to $11.0M (88% of revenue) amid 5.8% higher originations at $158.1M and 27,020 new loans. Net income rose 23.9% to $1.2M from $1.0M, boosted by lower interest expense (down 6.8% to $4.1M due to reduced rates and line of credit extension) despite higher commissions and salaries. Income before taxes increased 20.6% to $1.6M. Balance sheet grew to $74.8M in total assets, with premium finance contracts net at $72.8M (allowance $2.2M) and line of credit at $49.2M. Stockholders' equity stood at $8.5M. Operating cash flow was $2.9M, supporting investing outflows of $10.1M from $10.0M in new disbursements. Management highlights organic growth via state expansions (41 licenses), marketing hires, and $75M line of credit (to 2028), positioning for sustained profitability with ROA at 1.56% and ROE at 17.58%. Risks include credit losses and funding reliance.

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