Saxon Financial Inc. today reported solid earnings for its first three months as a public company. The company said revenues for the third quarter ended September 30 rose 38%, and earnings jumped 26% from the year ago period.

“Saxon’s record revenue and earnings this quarter show that we are sticking to our plan, and delivering stability, consistent growth and long- term performance for our clients and our shareholders,” said Allan Smith, president and CEO, in a release.

The third quarter was the first operating quarter for Saxon Financial as a public company since its July 7 listing on the Toronto Stock Exchange.

Revenue reached a record $9.97 million during the third quarter.

Net income for the quarter was a record $2.98 million, up 26% over the same period in 2004.

Assets under management climbed to almost $10.5 billion as at September 30, demonstrating steady growth since the firm surpassed the $10 billion threshold in early July.

Assets under management in Saxon Mutual Funds reached $1.6 billion, an increase of $602 million, or 60%, over September 2004.