ThreeD Capital loses $18.85-million in 2025

Executive Summary

• ThreeD Capital Inc. released its audited annual results for the fiscal year ended June 30, 2025, reporting a significant decline in net asset value per share compared to the previous year.
• The company reported total cash, investments, and digital assets of $28.8 million as of June 30, 2025.
• Management attributed the decline in valuation to realized and unrealized losses in portfolio holdings due to short-term market conditions, while maintaining confidence in long-term growth potential.

Key Details

• Financial Position (June 30, 2025):
  • Cash, investments, and digital assets: $28.8 million.
  • Net Asset Value (NAV) per share: $0.40.
• Comparative Metrics (June 30, 2024):
  • NAV per share: $0.86.
• Performance Drivers:
  • Decline in fair value of several portfolio holdings.
  • Resulted in both realized and unrealized losses.
• Strategic Outlook:
  • Focus remains on identifying opportunities in sectors with significant growth potential.
  • Strategy centers on opportunistic investments in junior resources and disruptive technologies.
• Non-GAAP Disclosure:
  • NAV is calculated as total assets less total liabilities divided by common shares outstanding.
  • No standardized GAAP meaning or quantitative reconciliation provided.

Notable Quotes

• "During the year, ThreeD experienced a decline in the fair value of several of our portfolio holdings, resulting in both realized and unrealized losses. While short-term market conditions impacted valuations, we remain confident in the long-term potential of our core investments. Our strategy continues to focus on identifying opportunities in sectors with significant growth potential." — Sheldon Inwentash, Chairman and CEO