SUI Group Holdings Ltd. Earnings Per Share Disclosure
NOTE 9 — Earnings Per Share
Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of Common Shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of dilutive Common Shares outstanding during the period. The Company’s potential dilutive Common Shares include stock options and warrants that are in the money. The Company uses the treasury stock method to compute the dilutive shares related to in-the-money stock options and warrants, to be included in the dilutive earning per share, when the effect is not anti-dilutive.
A reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings (loss) per share is set forth below:
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| December 31, 2025 |
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| December 31, 2024 |
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Basic earnings per share: |
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Numerator: |
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Net income/(loss) |
| $ | (264,953,075 | ) |
| $ | 1,167,726 |
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Net income /(loss)available to common stockholders |
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| (264,953,075 | ) |
|
| 1,167,726 |
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Denominator: |
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Weighted average common shares outstanding - basic |
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| 40,212,397 |
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| 6,385,255 |
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Effect of dilutive shares |
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| - |
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|
| 107,020 |
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Weighted-average number of common shares outstanding - diluted |
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| 40,212,397 |
|
|
| 6,492,275 |
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Basic earnings (loss) per share |
| $ | (6.59 | ) |
| $ | 0.18 |
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Diluted earnings (loss) per share: |
| $ | (6.59 | ) |
| $ | 0.18 |
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For the year ended December 31, 2025, the following instruments were excluded from the computation of the dilutive earnings per share because their effect would be anti-dilutive:
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| Outstanding as of December 31, 2025 |
| |
Stock options |
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| 537,500 |
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Warrants |
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| 11,004,394 |
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For the year ended December 31, 2025, 4,093,682 shares of Pre-Funded Warrant were included in the denominator of both basic and diluted EPS calculation because Pre-Funded Warrants are exercisable for little cash consideration.
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.