ELYSEE Earns $1,023,604 ($0.04 per Share) During the Three Months Ended June 30, 2025
Elysee Development Corp. (TSXV: ELC) reported strong financial results for Q2 2025, with net income of $1,023,604 ($0.04 per share), compared to a loss of $341,799 in Q2 2024. The company's six-month performance showed net income of $2,946,468 ($0.10 per share), a significant improvement from a loss in the same period last year.
The company's Net Asset Value (NAV) increased to $0.53 per share from $0.42 at the end of 2024, with cash on hand of $2.25 million as of June 30, 2025. Investment performance was driven by realized gains of $382,503 and unrealized profits of approximately $900,000 on marketable securities. Several portfolio companies received takeover offers, including Lumina Gold, Calibre Mining, and Golden Ocean Group.
Elysee Development Corp. (TSXV: ELC) ha registrato risultati finanziari solidi per il 2° trimestre 2025, con un utile netto di $1,023,604 ($0.04 per azione), rispetto a una perdita di $341,799 nel 2° trimestre 2024. Nei primi sei mesi la società ha ottenuto un utile netto di $2,946,468 ($0.10 per azione), un notevole miglioramento rispetto alla perdita registrata nello stesso periodo dell'anno precedente.
Il valore patrimoniale netto (NAV) è salito a $0.53 per azione da $0.42 alla fine del 2024, con disponibilità liquide pari a $2.25 milioni al 30 giugno 2025. Le performance degli investimenti sono state trainate da plusvalenze realizzate per $382,503 e da utili non realizzati per circa $900,000 su titoli negoziabili. Diverse società del portafoglio hanno ricevuto offerte di acquisizione, tra cui Lumina Gold, Calibre Mining e Golden Ocean Group.
Elysee Development Corp. (TSXV: ELC) presentó sólidos resultados financieros en el 2T 2025, con un ingreso neto de $1,023,604 ($0.04 por acción), frente a una pérdida de $341,799 en el 2T 2024. En los seis primeros meses la compañía registró un ingreso neto de $2,946,468 ($0.10 por acción), una mejora significativa respecto a la pérdida del mismo período del año anterior.
El valor neto de los activos (NAV) aumentó a $0.53 por acción desde $0.42 al cierre de 2024, con efectivo disponible de $2.25 millones al 30 de junio de 2025. El rendimiento de las inversiones estuvo impulsado por ganancias realizadas de $382,503 y ganancias no realizadas de aproximadamente $900,000 en valores negociables. Varias empresas de la cartera recibieron ofertas de adquisición, entre ellas Lumina Gold, Calibre Mining y Golden Ocean Group.
Elysee Development Corp. (TSXV: ELC)는 2025년 2분기 강한 재무 성과를 발표했습니다. 순이익은 $1,023,604 (주당 $0.04)로, 2024년 2분기의 $341,799 손실에서 크게 개선되었습니다. 상반기 누계로는 $2,946,468 (주당 $0.10)의 순이익을 기록해 전년 동기 손실에서 크게 개선된 모습을 보였습니다.
회사의 순자산가치(NAV)는 2024년 말의 $0.42에서 $0.53 주당으로 상승했으며, 2025년 6월 30일 기준 현금 보유액은 225만 달러($2.25 million)였습니다. 투자 성과는 $382,503의 실현 이익과 유가증권에서 발생한 약 $900,000의 미실현 이익에 의해 견인되었습니다. 포트폴리오 내 여러 기업이 인수 제안을 받았으며, 여기에는 Lumina Gold, Calibre Mining 및 Golden Ocean Group이 포함됩니다.
Elysee Development Corp. (TSXV: ELC) a publié de solides résultats financiers pour le T2 2025, avec un bénéfice net de $1,023,604 ($0.04 par action), contre une perte de $341,799 au T2 2024. Sur six mois, la société a réalisé un bénéfice net de $2,946,468 ($0.10 par action), une nette amélioration par rapport à la perte de la même période l'an dernier.
La valeur nette d'inventaire (VNI/NAV) de la société est passée à $0.53 par action contre $0.42 à la fin de 2024, avec une trésorerie de $2.25 millions au 30 juin 2025. La performance des investissements a été soutenue par des gains réalisés de $382,503 et des gains non réalisés d'environ $900,000 sur des titres négociables. Plusieurs sociétés du portefeuille ont reçu des offres de rachat, notamment Lumina Gold, Calibre Mining et Golden Ocean Group.
Elysee Development Corp. (TSXV: ELC) meldete starke Finanzergebnisse für Q2 2025 mit einem Nettogewinn von $1,023,604 ($0.04 je Aktie), gegenüber einem Verlust von $341,799 im Q2 2024. Das Halbjahresergebnis weist einen Nettogewinn von $2,946,468 ($0.10 je Aktie) aus, eine deutliche Verbesserung gegenüber dem Verlust im gleichen Zeitraum des Vorjahres.
Der Nettoinventarwert (NAV) des Unternehmens stieg auf $0.53 je Aktie von $0.42 Ende 2024, bei liquiden Mitteln in Höhe von $2.25 Millionen zum 30. Juni 2025. Die Investmentperformance wurde durch realisierte Gewinne von $382,503 und unrealisierte Gewinne von rund $900,000 auf handelbare Wertpapiere getragen. Mehrere Portfoliounternehmen erhielten Übernahmeangebote, darunter Lumina Gold, Calibre Mining und Golden Ocean Group.
- Net income increased to $1,023,604 in Q2 2025 from a loss in Q2 2024
- NAV per share grew significantly to $0.53 from $0.42 in six months
- Strong cash position of $2.25 million, increasing to $3 million post-quarter
- Portfolio companies receiving multiple takeover offers, indicating strong M&A activity
- Realized gains of $382,503 and unrealized profits of $900,000 on marketable securities
- Unrealized loss of $133,321 on other investments due to U.S. dollar decline
- Copper prices significantly lower in the USA
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2025) - Elysee Development Corp. (TSXV: ELC) (FSE: QLDN) (the "Company") is pleased to announce its unaudited financial results for the six and three months ended June 30, 2025 ("Q2 2025"). All dollar amounts are in Canadian funds.
Highlights from the Q2 2025 results include:
- Net income of
$1,023,604 ($0.04 per share) in Q2 2025 as compared to a loss of$341,799 ($0.01 per share) in Q2 2024; - Net income of
$2,946,468 ($0.10 per share) during the six month period ended June 30,2025 as compared to a loss of a net loss of$63,363 ($0.00 per share) during the same six month period a year earlier. - Net Asset Value per share increased to
$0.53 per share as of June 30, 2025 from$0.42 per share on December 31, 2024; and - Cash on hand as of June 30, 2025 of
$2,250,761.
Q2 was another good quarter for Elysee with net investment earnings of
During the six months ended June 30, 2025, Elysee's recorded net investment earnings of
Guido Cloetens, President and CEO of Elysee Development Corp., made the following statement:
"In Q2, we saw the continuation of a trend that started at the beginning of 2025. Strong gold and silver prices are supporting rising share prices of mining companies and profitable senior producers in particular.
"Several of our investee companies received take-over offers in recent months including Lumina Gold Corp, Calibre Mining Corp, Golden Ocean Group Ltd. and others. We expect that this M&A activity will continue in the coming months.
"Despite significantly lower copper prices in the USA and a consolidating gold price, Q3 is off to a strong start."
Elysee's net asset value ("NAV")* increased to
The increase was due to higher share prices of the companies we invested in.
On June 30, 2025, our cash position was
On February 23, 2025, Calibre Mining received an initial merger proposal from Equinox Gold. Equinox subsequently increased its bid on April 24 to 0.35 shares of Equinox for every share of Calibre Mining, with shareholders of both companies approving the merger on May 1, 2025. On completion, Equinox Gold became the third largest equity investment of Elysee after US Vanadium and Arizona Sonoran Copper Company.
The most significant investments on June 30, 2025 were U.S. Vanadium LLC (privately held), Arizona Sonoran Copper Company Inc., Equinox Gold Corp., Agnico Eagle Mines Limited, Wesdome Gold Mines Limited and OceanaGold Corporation.
During the three months ended June 30, 2025, the Company purchased 38,500 of its shares at a total cost of
For more information on these investments and others made during the period, please refer to the MD&A dated August 11, 2025 on SEDAR+ or on our website at www.elyseedevelopment.com.
* NAV is a non-GAAP (generally accepted accounting principles) measure calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. For the purpose of this calculation, share purchase warrants held by Elysee were valued using the Black-Scholes model calculation, as reported in our annual and quarterly financial statements. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP measure presented in Elysee's financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that NAV can provide information useful to its shareholders in understanding its performance and may assist in the evaluation of its business relative to that of its peers.
The Financial Statements and Management Discussion and Analysis are available for viewing on SEDAR+ and at www.elyseedevelopment.com.
FOR FURTHER IN FORMATION, PLEASE CONTACT:
Guido Cloetens
President and CEO
Elysee Development Corp.
Tel: (778) 373-1562 E-mail: info@elyseedevelopment.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262114
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