Elysee Development earns $5.37-million in Q3 2025

Executive Summary

• Elysee Development Corp. reported unaudited financial results for the three and nine months ended September 30, 2025, posting a record net income of $5,370,391 (19 cents per share) for Q3 2025.
• The company’s Net Asset Value (NAV) increased significantly to 72 cents per share as of September 30, 2025, up from 53 cents on June 30, 2025, and 42 cents at the start of the year.
• The company announced a dividend of one cent per share, payable on November 21, 2025, to shareholders of record on November 10, 2025, citing a strong cash position and prudent return of capital.

Key Details

• Q3 2025 Financial Performance:
  • Net Income: $5,370,391 (19 cents per share).
  • Net Investment Earnings: $5,534,321.
  • Realized Gain on Marketable Securities: $978,903.
  • Unrealized Profits on Portfolio: $4,525,671.
  • Interest and Dividend Income: $40,010.
  • General and Administrative Expenses: $163,930.
• Nine Months Ended Sept. 30, 2025 Financial Performance:
  • Net Income: $8,316,859 (29 cents per share; 25 cents fully diluted).
  • Net Investment Earnings: $8,854,632.
  • Realized Gain on Securities: $1,840,956.
  • Unrealized Profits: $7,008,815.
  • Unrealized Loss on Other Investments: $138,321.
  • Interest and Dividend Income: $147,698.
  • General and Administrative Expenses: $537,773.
• Balance Sheet & Cash Position:
  • Cash on hand as of Sept. 30, 2025: $5,027,582.
  • Cash on hand as of Oct. 31, 2025: Increased to more than $6.8 million (24 cents per share).
  • Net Asset Value (NAV): 72 cents per share as of Sept. 30, 2025 (up from 53 cents on June 30, 2025).
• Dividend Declaration:
  • Amount: $0.01 per share.
  • Record Date: November 10, 2025.
  • Ex-Dividend Date: November 10, 2025.
  • Payment Date: November 21, 2025.
• Portfolio Composition (as of Sept. 30, 2025):
  • 36% in precious metals miners.
  • 25% in other metals.
  • 11% in private companies.
  • 23% in cash and cash equivalents.
  • 5% in energy-related companies.
• Investment Activity (Nine Months Ended Sept. 30, 2025):
  • Proceeds from sale of investments: $8,413,513.
  • Allocations to new investments: $4,478,873.
  • Share Repurchases: Purchased 117,500 shares at an average cost of 35 cents per share (total cost $40,930) pursuant to a normal course issuer bid.
  • Shares Outstanding: 28,250,780.
• Key Investments:
  • U.S. Vanadium LLC (privately held).
  • Arizona Sonoran Copper Company Inc.
  • Equinox Gold Corp.
  • Wesdome Gold Mines Ltd.
  • Agnico Eagle Mines Ltd.
  • Probe Gold Inc. (Noted significant investment; Fresnillo PLC announced acquisition offer on Oct 31, 2025).

Notable Quotes

• Guido Cloetens, President and CEO: "The third quarter of 2025 was our best quarter ever, with net earnings of $5,370,391, or 19 cents per share."
• Guido Cloetens, President and CEO: "Since the start of the year our NAV increased by approximately 70 per cent from 42 cents per share to 72 cents per share on Sept. 30, 2025."
• Guido Cloetens, President and CEO: "The third quarter saw the acceleration and broadening of a trend that started in early 2025, with robust demand for precious metals resulting in rising share prices for the majority of mining companies."