Following the announcement of its unaudited consolidated financial statements for the fourth quarter and the full year ended December 31, 2024, SHF Holdings, Inc. (NASDAQ: SHFS), doing business as Safe Harbor Financial, has seen a notable fluctuation in the value of its shares. SHFS shares have risen 57.52% to $6.60 during the initial trades of pre-market session but were falling more than 13% before commencement of the regular session.
Financial Performance and Revenue Growth
SHF Holdings (SHFS) generated $15.2 million in revenue annually, with a quarterly revenue of about $3.7 million. Safe Harbor showed impressive growth in various financial indicators, despite the fact that this represents a decrease from the $17.6 million reported in 2023.
Notably, loan interest revenue increased by 82% on a quarterly basis to $1.8 million, and it increased by 123% to almost $6.6 million on a full-year basis. The fourth-quarter adjusted EBITDA for SHFS was $63,581, and the yearly amount was almost $2.9 million.
Partnerships and Strategic Financial Initiatives
SHF Holdings persisted in growing its financial services presence in 2024. The creation of a $1.07 million secured credit facility for a cannabis business located in Missouri was reported by SHFS in October. Furthermore, Safe Harbor partnered with Partner Colorado and the Collective Clean Energy Fund in December to offer a sustainable improvement loan of $500,000 for a cannabis facility in Denver.
Last December, SHF Holdings and Partner Colorado Credit Union (PCCU) signed an Amended Commercial Alliance Agreement, further solidifying their financial partnerships. Unless a party gives a non-renewal notice at least 12 months before expiration, this agreement has automatic two-year renewal periods that run until December 31, 2028. Additionally, Safe Harbor’s indemnity duties for losses resulting from previous and future loans under the original conditions are eliminated under the new agreement.
Growing Market Power and Financial Achievements
SHF Holdings processed more than $25 billion in cannabis-related funds at the beginning of 2025, marking a significant milestone. In order to further solidify its position as a reliable financial partner in the sector, SHFS has successfully created a $1.5 million secured credit line for another cannabis business in Missouri.
The adjustment of Safe Harbor’s debt commitment with Partner Colorado Credit Union was one of its most significant financial moves. By extending the debt term to October 2030 and unlocking $6.4 million in cash flow over the following two years, this restructure greatly enhances SHFS’ long-term viability and financial flexibility.
