FORESIGHT FINCL GRP INC

Foresight Financial Group, Inc. reported a 79% decrease in net income for Q1 2025 compared to Q1 2024, due to increased provision for loan losses, an impairment charge, and nonrecurring expenses related to charter consolidation. The company expects the consolidation to provide significant savings and improve credit quality, earnings, and shareholder value.

Related tickers: FGFH.

Havila Holding AS is undergoing a debt restructuring process, with lenders given the option to either settle debt by the end of 2024 or extend the agreement by one year. The final debt figures and share conversion details will be clarified in the Q3 report. The company has also signed a term sheet for the refinancing of its fleet.

Related tickers: CLPR, FGFH.