Fountain Asset Corp. Announces Its Financial Results for the Quarter Ended June 30, 2025

Executive Summary

• Fountain Asset Corp. reported strong financial results for the three and six months ended June 30, 2025, driven by significant gains in its investment portfolio, particularly within the technology and mining sectors.
• The company’s Net Asset Value (NAV) increased by 44% on a per-share basis year-to-date, rising from $0.09/share at December 31, 2024, to $0.13/share at June 30, 2025.
• The company transitioned from net comprehensive losses in the prior year period to substantial net comprehensive income in Q2/25, supported by both realized and unrealized gains on portfolio investments.

Key Details

• Net Asset Value (NAV):
  • Q2/25 (June 30, 2025): $8.58 million total ($0.13 per share).
  • Q1/25 (March 31, 2025): $5.57 million total ($0.09 per share).
  • YTD (Dec 31, 2024): $5.51 million total ($0.09 per share).
  • Represents a 44% increase in per-share NAV year-to-date.
• Three Months Ended June 30, 2025 (Q2/25):
  • Net Comprehensive Income: $3.01 million (compared to a loss of $0.49 million in Q2/24).
  • Total Gains from Investment Activity: $3.26 million (compared to losses of $0.27 million in Q2/24).
  • Net Realized Gains on Sale of Portfolio Investments: $0.47 million (compared to $0.17 million in Q2/24).
  • Net Unrealized Gains on Portfolio Investments: $2.78 million (compared to losses of $0.44 million in Q2/24).
  • Total Expenses: $0.23 million (compared to $0.22 million in Q2/24).
  • Operating Expenses: $0.14 million (compared to $0.22 million in Q2/24).
• Six Months Ended June 30, 2025:
  • Net Comprehensive Income: $3.06 million (compared to a loss of $0.95 million in the same period in 2024).
  • Total Income from Investment Activity: $3.65 million (compared to a loss of $0.54 million in 2024).
  • Net Realized Gains on Sale of Portfolio Investments: $1.76 million (compared to losses of $0.14 million in 2024).
  • Net Unrealized Gains on Portfolio Investments: $1.82 million (compared to losses of $0.41 million in 2024).
  • Total Expenses: $0.58 million (compared to $0.40 million in 2024).
  • Operating Expenses: $0.29 million (compared to $0.39 million in 2024).
• Portfolio Performance:
  • The company realized $0.47 million in gains from the sale of certain portfolio investments during Q2/25.
  • The portfolio of publicly traded companies increased in value due to higher trading prices, specifically within the technology sector.
  • CEO Andrew Parks noted continued generation of realized gains, particularly in the mining and technology sectors.

Notable Quotes

• “During Q2/25, Fountain continued generating realized gains, particularly within the mining and technology sectors. Our investment portfolio remains strong at the end of the quarter, positioning the Company well to maintain a solid financial footing going forward.” — Andrew Parks, CEO