Revenue: As of FY2025 Q3, the actual value is USD 12 M.EPS: As of FY2025 Q3, the actual value is USD 0.EBIT: As of FY2025 Q3, the actual value is USD -2.213 M.<h3>Financial Results Summary</h3><h4>Revenue and Operational Metrics</h4><ul><li>Total revenue for the third quarter of 2025 was $12.0 million, a decrease from $14.8 million in the third quarter of 2024, primarily due to lower net new origination and an elevated amount of nonperforming loans and real estate owned.</li><li>Revenue mix for the quarter included $8.3 million of interest income on loans, $2 million of loan fees, $1.1 million from LLC investments, $0.1 million from other investment income, and $0.5 million of other income.</li><li>Net loss attributable to common shareholders for the third quarter of 2025 was $0.1 million, or $0.00 per common share, compared to a net loss of $6.1 million, or $0.13 per common share, in the third quarter of 2024.</li><li>Total operating costs and expenses for the third quarter of 2025 were $12.4 million, down from $19.6 million in the same quarter last year.</li><li>The provision for credit losses related to loans held for investment was $0.8 million, significantly lower than $8.1 million in the third quarter of 2024.</li><li>Interest expense was $6.6 million.</li><li>Compensation and benefits were $2.3 million, including onetime bonuses of about $0.4 million.</li></ul><h4>Cash Flow</h4><ul><li>Net cash provided by operating activities for the nine months ended September 30, 2025, was $5.6 million, compared to $13.5 million for the same period in 2024.</li><li>Net cash provided by investing activities was $1.6 million for the nine months ended September 30, 2025, compared to $44.3 million in 2024.</li><li>Net cash used in financing activities was - $14.1 million for the nine months ended September 30, 2025, compared to - $64.5 million in 2024.</li><li>Cash at quarter end was $11.2 million.</li></ul><h4>Unique Metrics</h4><ul><li>The effective interest rate on loans held for investment for the three months ended September 30, 2025, was 12.4%, slightly down from 12.6% in the same period of 2024.</li><li>Nonperforming loans (NPLs) had a gross unpaid principal balance of $104.1 million, down from $119.6 million at June 30, 2025.</li><li>Real Estate Owned (REO) net increased by $300,000 or 1.5% over the June 30 quarter.</li><li>Subsequent to quarter end, reductions in REO included sales of 2 building lots for $226,000, a building lot under contract for $115,000, and a commercial office building under contract for $3.72 million.</li><li>Book value as of September 30, 2025, was $2.47 per share, a 2.8% decrease from June 30, 2025.</li><li>The company had invested an aggregate of $33.7 million in projects managed by Shem Creek Capital through 6 investment funds, generating approximately $4.1 million in revenue for the nine months ended September 30, 2025.</li></ul><h4>Outlook / Guidance</h4><ul><li>The company aims to capitalize on high-quality lending opportunities to drive long-term shareholder value into 2026 and beyond, following the successful completion of a $100 million senior secured notes private placement.</li><li>The company remains focused on reducing nonperforming loans and monetizing REO, funding high-return loans against strong collateral, and managing liquidity, leverage, and debt maturities.</li><li>The company is well positioned to capitalize on new opportunities as the market adjusts to the evolving environment.</li><li>The company remains committed to its disciplined approach in evaluating new loans, focusing on single-family and multifamily residential assets in markets with strong underlying fundamentals.</li></ul>

Sachem Capital | 8-K: FY2025 Q3 Revenue: USD 12 M