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Annual Report Reinforces COFINA's Commitment to Transparency and Financial Stability

(November 11, 2025 - San Juan, Puerto Rico) - The Puerto Rico Sales Tax Financing Corporation (“COFINA” and/or the “Corporation”) has announced the publication of its Audited Financial Statements for the Fiscal Year ending June 30, 2024. This release highlights COFINA's strong fiscal management and adherence to transparent financial practices, marking the fifth consecutive year of timely publication of its audited statements.

The Fiscal Year 2024 audit reveals a continued trend of fiscal stability and efficiency, with a surplus of $23 million transferred to the Commonwealth of Puerto Rico’s Treasury on September 28, 2024. The statement underscores COFINA’s prudent fiscal stewardship and its capacity to meet all debt service requirements as projected.

COFINA’s Executive Director stated, “Our dedication to financial transparency and operational efficiency is reflected in this report. By publishing our audited financials promptly each year, we maintain our commitment to our bondholders and other stakeholders, reinforcing COFINA's reputation as a reliable entity in the capital markets”.

COFINA remains committed to its mission of supporting Puerto Rico’s economic recovery through sound financial management, transparent reporting, and consistent performance in meeting all debt obligations.

Judge Laura Taylor Swain closes the COFINA Title III case, Marking Yet Another Milestone for Puerto Rico’s Fiscal and Economic Stability

San Juan, PR — October 30, 2024 — Judge Laura Taylor Swain has officially closed the Title III case for the Puerto Rico Sales Tax Financing Corp., or COFINA.  This pivotal moment marks the successful culmination of COFINA’s reorganization process under the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), representing a significant milestone in Puerto Rico's journey toward fiscal stability and economic renewal.

Initiated in 2017, COFINA’s Title III proceedings were undertaken as part of Puerto Rico’s broader strategy to address the island’s debt and fiscal crisis. Through rigorous negotiations and judicial oversight, COFINA’s restructuring allowed it to significantly reduce its obligations, facilitating the issuance of new bonds and achieving an equitable resolution for creditors. The closure of this case underscores COFINA’s commitment to comply with its obligations under its plan of adjustment.

As Puerto Rico continues to emerge from financial hardships, the closing of COFINA’s Title III case stands as a landmark achievement, further enabling the Commonwealth’s economic revitalization efforts and its progress toward long-term fiscal health.

For more information on this and other PROMESA cases, please visit Kroll’s website.

Contact: Inquiries may be directed to dennis.costa@aafaf.pr.gov.

COFINA Achieves Fiscal Stability Milestone in FY25 with Increased Revenue Target and Continued Transparency

(October 31, 2024 - San Juan, Puerto Rico) - The Puerto Rico Sales Tax Financing Corporation (“COFINA” and/or the “Corporation”) confirmed that as of October 23, 2025, it has received and deposited $531,668,486 in sales and use taxes with The Bank of New York Mellon (“BNY”), as Trustee for the COFINA bonds. This figure represents the total sales and use tax revenue projected for COFINA in Fiscal Year 2025, marking the sixth consecutive year of achieving full projected collections. The FY25 target reflects an increase from the FY24 figure of $511,219,696.

The transfer of the required COFINA Revenues between July 1, 2024, and October 23, 2025, was successfully completed, aligning with the Corporation’s obligations under Act 241-2018 and the Third Amended Title III Plan of Adjustment confirmed by the U.S. District Court for the District of Puerto Rico. "This achievement underscores COFINA’s financial stability and reinforces the success of its restructuring efforts,” said COFINA’s Executive Director.

The Corporation remains committed to providing transparent and timely updates to its stakeholders, consistently demonstrating COFINA’s financial resilience and reliability in the capital markets.