Kestrel Group files post-merger financials; revenue restated, Q1 2025 revenue down 32%

Kestrel Group Ltd

Merger with Maiden Holdings closed May 27, 2025; Kestrel now part of Bermuda NewCo.
Revenue restatement due to ASC 606 timing error; cumulative retained earnings increase $813,594 as of Jan 1, 2025.
Q1 2025 revenue $807K vs $1.18M in Q1 2024 (-32%); net loss $394K vs $377K.
Q1 2025 provision for income taxes $92,462; no tax provision in Q1 2024.

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