Operator

Good morning, ladies and gentlemen, and welcome to Flow Capital's Q1 2026 Earnings Call. [Operator Instructions] I would like to remind everyone that today's discussions may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. For more information on Flow Capital's risks and uncertainties related to these forward-looking statements, please refer to the YE 2025 Company's management discussion and analysis, which is available on SEDAR.

Today's call is being recorded on Tuesday, May 12, 2026. And I would now like to turn the meeting over to Alex Baluta, Chief Executive Officer of Flow Capital. Please go ahead.

Alexander Baluta
President, CEO & Non-Independent Director

Thank you, operator. One clarification. This is our Q1 2026. Although as the operator said, you can find our results for all prior quarters filed on SEDAR or on our website. Thank you, everybody, for joining. I expect this will be a very short call.

Happy to announce a continued growth in Q1 2026. Highlights include a 21% revenue increase to $3.5 million, up from $2.9 million, a 4% increase in recurring free cash flow to just under $900,000, up from $850,000 a year ago, an 8% increase in recurring free cash flow per share to $0.03 a share, a 27% increase in total assets -- I should say, total investment assets to $80.3 million, that's up from $63.4 million a year ago and up from $73.5 million in December, and a 6% increase in book value from a year ago, now at $1.29 versus $1.22 a year ago and also up from $1.275 in December.