Earnings
Olive Resource Capital Reports Full Year 2025 Audited Financial Statements and Investment Performance
Olive Resource Confirms NAV Surge as Portfolio Hits Record Highs Amid Junior Miner Rally

Executive Summary
- Olive Resource Capital reported Full Year 2025 Audited Financial Statements on April 20, 2026.
- Net Income for FY2025 was $8,977,087 ($0.08 per share), a turnaround from a net loss of $542,053 in 2024.
- Investment Portfolio Value as of December 31, 2025, was $16,473,689 (including cash).
- Net Asset Value (NAV) per share increased to $0.145 from $0.059 in the prior year (+147%).
- Top holdings include Omai Gold Mines Corp ($3.5M), Black Sheep Ventures Inc ($1.5M), and Sterling Metals Corp ($1.07M).
- Liquid investments and cash equivalents stood at $2,848,889.
- Total Assets: $16,506,498; Total Liabilities: $1,163,289.
- Shares outstanding: 106,744,709 (with 4,076,000 held in treasury pending cancellation).
Material Impact
- The news confirms the strong performance trajectory already signaled by monthly portfolio updates released between October 2025 and March 2026.
- Monthly updates showed portfolio growth from $6.4M (Dec 2024) to $16.2M (Dec 2025 unaudited) to $20.2M (Feb 2026). The audited FY25 figure ($16.47M) aligns closely with the January unaudited release ($16.16M).
- The stock price has already rallied significantly from $0.03 in April 2025 to $0.11 in April 2026, pricing in much of this growth ahead of the audited confirmation.
- While the turnaround to profitability is positive, it does not represent new information relative to the market's recent expectations based on monthly disclosures.
- The valuation relies heavily on mark-to-market adjustments of junior mining equities (e.g., Omai Gold Mines), which introduces volatility risk if underlying assets correct.
OC · Price
Company Overview
- Olive Resource Capital is an investment holding company focused on natural resources, primarily precious and base metals equities.
- It does not operate mining projects directly but holds stakes in junior exploration and development companies.
- Flagship Holdings (by value): Omai Gold Mines Corp ($3.5M), Black Sheep Ventures Inc ($1.5M), Sterling Metals Corp ($1.07M).
- Strategy: Capitalizes on commodity bull markets through direct equity investments and convertible debentures in the resource sector.
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Jun 02, 2026 · 07:01