Torrent Capital Reports Strong Q3 2025 Financial Results; Announces October Portfolio and Net Asset Value (NAV) Update

Executive Summary

• Torrent Capital reported Q3 2025 net asset value of $33.5 M ($0.88/share) and earnings per share of $0.13, up from $0.06 in Q3 2024.
• Cash increased to $4.3 M at quarter‑end and further to $5.9 M by October 31, 2025, reflecting portfolio rebalancing and liquidations.
• Portfolio performance was driven by gains in Lemonade, Inc. and AMD, offset by declines and partial liquidation of digital assets; the firm added exposure to gold via a new position in B2Gold Corp.

Key Details

• Q3 2025 Financial Highlights
• Net Asset Value (NAV): $33.5 M ($0.88 per share)
• Cash at quarter‑end: $4.3 M
• Investment gains: $4.6 M ($0.13 per share)
• Digital asset gains: $1.9 M ($0.05 per share)

• Earnings per share (EPS): $0.13, up from $0.06 YoY

• October 2025 Preliminary Highlights

• NAV as of Oct 31, 2025: approx. $33.7 M ($0.88 per share)
• Cash at month‑end: $5.9 M (increase vs. Q3)

• Performance drivers: gains from Lemonade, Inc. and Advanced Micro Devices Inc.; offset by declines in digital asset holdings, which were largely liquidated by month‑end.

• Portfolio Adjustments

• Initiated a position in B2Gold Corp., increasing exposure to gold amid rising sector prices.

• Maintained existing stake in Fortune Bay Corp.

• Forward‑Looking Note

• October figures are preliminary, unaudited and subject to adjustment; final audited results will be filed on SEDAR+ by April 29, 2026.

Notable Quotes

“Our Q3 2025 results confirm a solid quarter of performance. We remain focused on maintaining exposure to high‑quality growth opportunities, while strategically rebalancing concentrated positions to build a more resilient portfolio in light of elevated market valuations.” – Wade Dawe, CEO, Torrent Capital Ltd.