Torrent Capital Reports Preliminary Q4 and Year-End 2025 Financial Results and Net Asset Value (NAV) Update

Executive Summary

• Torrent Capital Ltd. reported a preliminary, unaudited Q4 2025 NAV of approximately $32.4 million ($0.85 per share), up from $20.3 million ($0.80 per share) at year‑end 2024.
• Cash and cash equivalents remained stable at $1.7 million despite a $6.9 million decline since November 2025, reflecting capital deployment into technology and AI investments.
• The company continued active portfolio management, using option‑writing strategies and exiting underperforming holdings to generate incremental cash flow.

Key Details

• NAV: $32.4 M (≈$0.85/share) as of 31 Dec 2025 vs. $20.3 M (≈$0.80/share) at 31 Dec 2024.
• Interim NAV (30 Nov 2025): Approximately $33.3 M.
• Cash & Cash Equivalents: $1.7 M at year‑end 2025, unchanged from 31 Dec 2024; down $6.9 M since November 2025 due to capital deployments.
• Capital Deployment: Primarily into equities in the technology and artificial intelligence sectors during Q4 2025.
• Portfolio Management Activities:
• Option‑writing on select equity positions generated incremental cash flows.
• Exited underperforming holdings and realized gains on investments that reached targeted upside.
• Performance Drivers: Short‑term valuation movements, broader market volatility, and year‑end rebalancing impacted NAV in the final month of the year.
• Forward‑Looking Statement: Preliminary figures are unaudited and subject to change; final audited results will be filed on SEDAR+ by 29 Apr 2026.

Notable Quotes

“Our preliminary, unaudited results indicate that our year‑end was marked by steady execution of our portfolio management and capital deployment strategy,” – Wade Dawe, CEO, Torrent Capital Ltd.

Materiality Assessment: Non‑Material – Positive (the release provides a material update on NAV but does not contain earnings or other financial metrics that would be deemed materially significant for investors at this stage).