ThreeD Capital Inc. Releases Results For the Three months September 30, 2025

Executive Summary

• ThreeD Capital reported a net loss of $2.83 M for the quarter ended September 30, 2025, with basic and diluted EPS of –$0.03.
• Cash and digital asset holdings increased to $26.5 M, while total assets declined to $29.66 M from $31.43 M a month earlier.
• Net asset value (NAV) per share fell to $0.31 from $0.40 three months prior, reflecting the decline in overall equity value.

Key Details

• Cash & Investments: Cash of $62,341; investments at fair value $22.43 M; digital assets at fair value less cost to sell $3.98 M.
• Balance Sheet Highlights (Sept 30, 2025 vs. June 30, 2025):
• Total assets: $29.66 M ↓ from $31.43 M.
• Total liabilities: $0.90 M ↓ from $0.98 M.
• Share capital, contributed surplus & warrants: $157.30 M ↑ from $156.16 M.
• Income Statement (Quarter):
• Net investment and digital assets losses: $(1.95 M) vs. $(0.12 M) a year earlier.
• Operating, G&A expenses: $(0.996 M) vs. $(1.04 M) YoY.
• Net loss: $(2.83 M) vs. $1.10 M profit in same quarter prior year.
• Comprehensive Income: Total comprehensive loss of $(2.83 M).
• Earnings per Share: Basic and diluted loss of $0.03 per share (previous period –$0.02).
• NAV Per Share: $0.31, down from $0.40 three months earlier.
• Management Comment: CEO Sheldon Inwentash highlighted increased focus on digital asset investments, expecting future benefits as holdings realize value.

Notable Quotes

“During the three months ended September 30, 2025, ThreeD focused on increasing its investments in digital assets as key digital token holdings of the Company continued to rise in value…should lead to substantial benefits to the Company as these investments begin to realize their potential.” – Sheldon Inwentash, Chairman & CEO.