Earnings
Quinsam Announces Q1/2026 Results
Quinsam Earnings Surge Masks Persistent Discount to NAV as Peninsula Catalyst Looms

Executive Summary
- Quinsam Capital Corporation reported Q1/2026 net income of $1.4 million ($0.015 per share), a significant increase from $0.2 million in Q1/2025.
- Net Asset Value (NAV) increased to $0.117 per share as of March 31, 2026, up from over $0.10 per share at December 31, 2025.
- Liquid investments stand at approximately $0.06 per share.
- Peninsula Capital Corp is expected to undergo a direct listing in Canada by the end of the June quarter, moving over $0.01 per share from private to public portfolio.
- Portfolio holdings EDM Resources, Nevada Organic Phosphate, and Deep Sea Minerals showed notable price increases.
- Issuer Bid (NCIB) remains active through September 18, 2026, with no shares acquired during Q1/2026.
Material Impact
- The earnings improvement is sequential and follows the turnaround seen in Q4/2025 where losses turned to profits ($0.4M).
- NAV growth of approximately 17% from December 2025 to March 2026 confirms portfolio appreciation but does not close the discount gap with market price.
- The Peninsula Capital listing catalyst was previously flagged in Q3 and Q4 reports as "anticipated," making this news incremental rather than a surprise.
- The stock price has remained stagnant around $0.05 despite positive NAV updates, indicating the market is pricing in the risk of the discount or liquidity constraints.
- The jump in EPS from $0.002 to $0.015 is material for profitability but less impactful given the holding company structure where NAV is the primary value driver.
QCA · Price
Company Overview
- Quinsam Capital Corporation operates as an investment holding company focused on private and public equity investments in resource and technology sectors.
- Flagship strategy involves acquiring stakes in early-stage companies with potential for IPO or direct listing to unlock NAV value.
- Key portfolio companies include Peninsula Capital Corp, EDM Resources, Nevada Organic Phosphate, Deep Sea Minerals, and Saturn Oil & Gas.
More from Quinsam Capital Corporation
Apr 27, 2026 · 08:01