Torrent Capital Announces November Portfolio and Net Asset Value (NAV) Update

Executive Summary

• Torrent Capital reported a November 2025 Net Asset Value of $33.3 million ($0.87 per share), essentially unchanged from the prior month.
• Cash and cash equivalents increased by $2.7 million to $8.6 million, reflecting portfolio dispositions and option‑writing activities.
• Management highlighted continued balance‑sheet strengthening and flexibility for future selective investments.

Key Details

• Net Asset Value (NAV): $33.3 million at month‑end November 2025, down slightly from $33.7 million in October; $0.87 per share.
• Cash Position: Cash and cash equivalents rose to $8.6 million as of November 30, up from $5.9 million the prior month (+$2.7 million).
• Portfolio Activity: Completed disposition of Solana holdings; employed option‑writing strategies on select equity positions to enhance returns.
• Performance Drivers: Gains from Lemonade, Inc. partially offset by weakness in Kneat.com Inc.; overall NAV remained stable despite mixed equity market conditions.
• Management Commentary: CEO Wade Dawe noted the strong cash balance provides flexibility for new investments aligned with the company’s strategy.
• Preliminary Nature: Figures are unaudited and subject to adjustment; final audited results will be filed on SEDAR+ by April 29, 2026.

Notable Quotes

“Our strong cash balance provides Torrent with flexibility to pursue selective new investments,” – Wade Dawe, CEO.