Olive Resource Capital Reports Record H1 2025 Investment Performance and Net Income

Executive Summary

• Olive Resource Capital Inc. reported record Net Income of $2,035,443 ($0.02 per share) for the six months ended June 30, 2025, driven by strong investment performance and a 14.4% increase in its investment portfolio value.
• For the three months ended June 30, 2025, the Company reported net income of $928,942 ($0.01 per share), a significant increase from the $100,435 net gain reported in the same period of 2024.
• The investment portfolio reached a value of $8,600,797 as of June 30, 2025, with Net Asset Value (NAV) per share increasing to $0.079, up from $0.070 at March 31, 2025.

Key Details

• Six-Month Financials (Ended June 30, 2025):
  • Net Income: $2,035,443 ($0.02 per share).
  • Investment Portfolio Value: $8,600,797.
  • Portfolio Growth: 14.4% increase during Q2 2025.
  • NAV per Share Growth: 12.5% increase during Q2 2025.
• Three-Month Financials (Ended June 30, 2025):
  • Net Income: $928,942 ($0.01 per share).
  • Comparison: Up from $100,435 net gain in Q2 2024.
  • Primary Driver: Unrealized gain on investments of $968,523.
• Net Asset Value (NAV) per Share History:
  • June 30, 2025: $0.079 (Total Assets: $8,625,582; Total Liabilities: $202,259; Shares Outstanding: 106,144,709).
  • March 31, 2025: $0.070.
  • December 31, 2024: $0.059.
  • June 30, 2024: $0.061.
• Significant Investment Portfolio Composition (as of June 30, 2025):
  • Omai Gold Mines Corp. (OMG.v): $1,376,650 (Public Equity, Precious Metals).
  • Black Sheep Ventures Inc.: $1,265,936 (Private Equity & Convertible Debenture, Real Estate).
  • Arizona Sonoran Copper Co. (ASCU): $426,760 (Public Equity, Base Metals).
  • Bravo Mining Corp. (BRVO.v): $348,440 (Public Equity, Precious Metals).
  • Sailfish Royalty Corp. (FISH.v): $281,354 (Public Equity, Royalty).
  • Aurion Resources Ltd (AU.v): $271,220 (Public Equity, Precious Metals).
  • Public Equity Liquid Investments & Working Capital: $1,684,442.
  • Public Equity Fundamental Investments Incl. Warrants: $2,094,727.
  • Other Private Equity, Loans, & Convertible Debenture: $851,268.
• Valuation Methodologies:
  • Publicly listed investments valued at closing prices.
  • Private equity valued per most recent financial statements.
  • Convertible Debentures valued per financial statements adjusted for interest accruals and convertibility.
  • Out of the Money Warrants valued using Black Scholes (35% volatility, 3% interest rate); In the Money Warrants valued at intrinsic value.
• Outstanding Shares: 106,144,709 common shares as of the release date.

Notable Quotes

• Samuel Pelaez, President, CEO, CIO, and Director: "The second quarter offered a continuation of the strong seasonal trend for the commodity complex. Our major investments captured this wave favourably, allowing us to deliver record net income of $2 million for the year-to-date period. We continue to believe the tailwinds for the commodity complex can last. However, we are investing in a more cautious way into the Fall, which is historically more vulnerable to seasonal reversals."