The firm posted $6.2 million net income for Q1, down from $10.3 million a year earlier due to lower non-cash gains.
Saltire Capital reported first-quarter revenue of $29.6 million, a 588.4% year-over-year increase. The surge reflects significant growth in its core operations and market expansion.
Net income for the quarter totaled $6.2 million, compared to $10.3 million in the same period last year. The decline was driven by a reduction in non-cash fair value gains, which dropped to $6.7 million from $10.1 million in Q1 2023.
The company did not disclose immediate market reactions to the results.