Shf Holdings Inc. ( (SHFS) ) has released its Q4 earnings. Here is a breakdown of the information Shf Holdings Inc. presented to its investors.
SHF Holdings, Inc., operating as Safe Harbor Financial, is a prominent provider of financial services and credit facilities to the regulated cannabis industry, known for its compliance and risk management solutions. In its latest earnings report, Safe Harbor Financial announced a positive adjusted EBITDA for the past three years, with a significant increase in loan interest income by 82% in Q4 2024 and 123% for the full year. The company also reported a 5% revenue increase in Q4 2024 compared to Q3 2024, driven by a 35% rise in loan interest income. Key highlights include a new Commercial Alliance Agreement with Partner Colorado Credit Union, enabling strategic growth under new CEO Terry Mendez. Safe Harbor Financial’s financial performance in 2024 was marked by a decrease in operating expenses by 42% and a notable increase in loan interest income, despite a decline in total revenue from $17.6 million in 2023 to $15.2 million in 2024. The company also achieved a milestone by processing over $25 billion in cannabis-related funds. Looking ahead, Safe Harbor Financial aims to expand its service offerings and enhance financial stability through strategic modifications to its debt obligations, positioning itself for continued growth and innovation in the cannabis financial services sector.