Reported Earnings • May 05
Full year 2025 earnings released: EPS: CA$0.06 (vs CA$0.059 loss in FY 2024) Full year 2025 results: EPS: CA$0.06 (up from CA$0.059 loss in FY 2024). Revenue: CA$7.09m (up 180% from FY 2024). Net income: CA$556.6k (up CA$1.02m from FY 2024). Profit margin: 7.9% (up from net loss in FY 2024). Announcement • Jan 31
Rumbu Holdings Ltd. announced that it expects to receive CAD 2 million in funding Rumbu Holdings Ltd. announced a non-brokered private placement under LIFE Offering, of 2,000,000 at a price per unit of CAD 1 for gross proceeds of CAD 2,000,000 on January 29, 2026. Each Unit consists of one common share and one common share purchase warrant. One warrant together with CAD 1.40 will enable the holder to acquire one additional common share of the company for a period of 12 months from the closing date of the private placement. The units offered under the offering will be immediately free-trading under applicable Canadian securities laws. Units sold to subscribers resident in the United States and jurisdictions other than Canada may be subject to additional restrictions on trading. Closing of the offering is subject to several conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. The offering is anticipated to close on or around February 27, 2026, or such other date as the company may determine. The company is also prepared to pay 6% in cash and 6% in warrants to registered dealers or finders in accordance with the policies of the TSX Venture Exchange. New Risk • Jan 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 40% per year over the past 5 years. Market cap is less than US$10m (CA$12.5m market cap, or US$9.14m). Minor Risk Revenue is less than US$5m (CA$6.5m revenue, or US$4.7m). Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: CA$0.001 (vs CA$0.005 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.001 (down from CA$0.005 in 3Q 2024). Revenue: CA$1.80m (up 93% from 3Q 2024). Net income: CA$11.1k (down 83% from 3Q 2024). Profit margin: 0.6% (down from 6.9% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 127% per year, which means it is well ahead of earnings. New Risk • Nov 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.9m (US$9.16m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (CA$12.9m market cap, or US$9.16m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Revenue is less than US$5m (CA$5.6m revenue, or US$4.0m). Announcement • Nov 12
Rumbu Holdings Ltd., Annual General Meeting, Jan 14, 2026 Rumbu Holdings Ltd., Annual General Meeting, Jan 14, 2026. Reported Earnings • Aug 27
Second quarter 2025 earnings released: CA$0.004 loss per share (vs CA$0.006 loss in 2Q 2024) Second quarter 2025 results: CA$0.004 loss per share (improved from CA$0.006 loss in 2Q 2024). Revenue: CA$1.82m (up CA$1.60m from 2Q 2024). Net loss: CA$34.8k (loss narrowed 51% from 2Q 2024). Reported Earnings • May 07
Full year 2024 earnings released: CA$0.059 loss per share (vs CA$0.11 loss in FY 2023) Full year 2024 results: CA$0.059 loss per share (improved from CA$0.11 loss in FY 2023). Revenue: CA$2.53m (up 164% from FY 2023). Net loss: CA$463.6k (loss narrowed 66% from FY 2023). New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 102% per year over the past 5 years. Market cap is less than US$10m (CA$3.81m market cap, or US$2.72m). Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Revenue is less than US$5m (CA$1.6m revenue, or US$1.2m). Reported Earnings • Nov 30
Third quarter 2024 earnings released: EPS: CA$0.005 (vs CA$0.011 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.005. Revenue: CA$929.6k (up 280% from 3Q 2023). Net income: CA$64.2k (flat on 3Q 2023). Profit margin: 6.9% (down from 26% in 3Q 2023). Announcement • Oct 25
Rumbu Holdings Ltd. (TSXV:RMB) agreed to acquire Grace Gardens Holdings Ltd. from Daryl and Jamie Lockyer for CAD 2.4 million. Rumbu Holdings Ltd. (TSXV:RMB) agreed to acquire Grace Gardens Holdings Ltd. from Daryl and Jamie Lockyer for CAD 2.4 million on October 24, 2024.
The transaction is subject to approval by regulatory board / committee and approval of offer by target shareholders. Announcement • Sep 30
Rumbu Holdings Ltd., Annual General Meeting, Nov 27, 2024 Rumbu Holdings Ltd., Annual General Meeting, Nov 27, 2024. Reported Earnings • Aug 30
Second quarter 2024 earnings released: CA$0.006 loss per share (vs CA$0.011 profit in 2Q 2023) Second quarter 2024 results: CA$0.006 loss per share (down from CA$0.011 profit in 2Q 2023). Revenue: CA$221.0k (down 5.1% from 2Q 2023). Net loss: CA$71.6k (down 213% from profit in 2Q 2023). Announcement • Aug 01
Rumbu Holdings Ltd. (TSXV:RMB) acquired Northern Funeral Service Ltd. Rumbu Holdings Ltd. (TSXV:RMB) acquired Northern Funeral Service Ltd on July 31, 2024. Rumbu Holdings utilized the funds from the previously announced lending facility of the Company with the Bank of Montreal. As part of consideration, CAD 0.3 million is paid towards common equity of Northern Funeral Service Ltd as a Promissory Notes.
Rumbu Holdings Ltd. (TSXV:RMB) completed the acquisition of Northern Funeral Service Ltd on July 31, 2024 New Risk • May 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 220% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (220% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.92m market cap, or US$1.40m). Board Change • May 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director J. Sullivan was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 17
Rumbu Holdings Ltd. announced that it has received CAD 0.0565 million in funding On October 16, 2023, Rumbu Holdings Ltd. closed the transaction. The company has now issued 282,500 common shares at a price of CAD 0.20 per share for aggregate proceeds of CAD 56,500. All securities issued in the Private Placement will be held in Trust until the QT has been completed and approved by the TSXV and when issued, will be subject to a statutory
hold period of four months from the date of issue. There were no fees or commissions paid in connection with the Private Placement. The transaction has been approved in the Annual and Special Meeting of shareholders of the company. Announcement • Sep 22
Rumbu Holdings Ltd. announced that it expects to receive CAD 0.2 million in funding Rumbu Holdings Ltd. announced a non-brokered private placement to issue 1,000,000 common shares at an issue price of CAD 0.20 for the gross proceeds of CAD 200,000 on September 21, 2023. The Private Placement is comprised of minimum proceeds of CAD 1,800 consisting of a minimum of nine Public Shareholders, each holding a board lot, representing 1,000 Common Shares. All securities issued in the Private Placement will be subject to a statutory hold period of four months from the date of issue. The closing of the Transaction will be subject to several conditions, including, but not limited to the following Approval by the Majority of the Minority Shareholders of of the QT, The receipt of all regulatory, corporate and third party approvals, including the approval of the TSXV and compliance with all applicable regulatory requirements and conditions necessary to complete the Transaction. The transaction is subject to general shareholders to be held on October 16, 2023. No fees or commissions paid in connection with the Private Placement. On the closing of the Transaction, it is anticipated that the Board of Directors of the Resulting Issuer will consist of five Directors Daryl Lockyer Lethbridge, Jamie D. Lockyer Lethbridge, Ross O. Drysdale Calgary, Shane A. Wylie Calgar and J. Michael Sullivan Calgary. Announcement • Sep 06
Rumbu Holdings Ltd., Annual General Meeting, Oct 13, 2023 Rumbu Holdings Ltd., Annual General Meeting, Oct 13, 2023. Board Change • Nov 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.