ThreeD Capital's Dec. 31 cash at $6,293

Executive Summary

• ThreeD Capital Inc. released unaudited financial results for the three and six months ended December 31, 2025, reporting a decline in net asset value per share.
• The company holds $23.4 million in cash, investments, and digital assets as of the end of the period.
• ThreeD announced a change in reporting frequency, ceasing monthly NAV releases in favor of including NAV data within quarterly financial press releases.

Key Details

• Financial Position (as of Dec 31, 2025):
  • Cash, investments, and digital assets: $23.4 million.
  • Net Asset Value (NAV) per share: 27 cents.
• Comparative Metrics:
  • NAV per share as of June 30, 2025: 40 cents.
  • The decrease in NAV is attributed to market conditions affecting the value of digital assets.
• Strategic Focus:
  • The company focused on increasing investments in digital assets during the quarter.
  • Management remains optimistic about long-term potential despite short-term valuation decreases.
• Reporting Change:
  • ThreeD will no longer release unaudited NAV on a monthly basis.
  • Future NAV data will be included in quarterly financial results press releases to aid shareholder analysis alongside quarterly unaudited financial statements.

Notable Quotes

• "During the quarter, ThreeD focused on increasing its investments in digital assets that we believe will contribute to the company's long-term investment strategy. While market conditions resulted in an overall decrease in the value of digital assets compared to June 30, 2025, ThreeD remains optimistic about these investments and the potential gains the company could ultimately realize." — Sheldon Inwentash, Chairman and CEO