Torrent Capital Announces November Portfolio and Net Asset Value (NAV) Update

Rhea-AI Summary

Torrent Capital (TRRPF) announced its November 2025 portfolio and Net Asset Value (NAV) update. NAV was $33.3 million or $0.87 per share, essentially unchanged from October ($33.7 million). Cash and cash equivalents rose by $2.7 million to $8.6 million (from $5.9 million), giving the company greater liquidity. Portfolio moves included gains from Lemonade, Inc., offset by weakness in Kneat.com Inc., a completed disposition of Solana, and enhanced returns via option-writing strategies. Management said it continues to streamline holdings by exiting underperforming positions and monetizing investments that reached expected upside, aiming to deploy cash selectively into opportunities aligned with the firm’s investment strategy.

Positive

• Cash increased by $2.7M to $8.6M at month-end
• Completed disposition of Solana position
• Option-writing strategies enhanced portfolio returns
• NAV maintained at $33.3M (≈$0.87/share)

Negative

• NAV declined from $33.7M in October to $33.3M
• Kneat.com Inc. weakness partly offset gains

News Market Reaction

+4.09%

1 alert

+4.09% News Effect

On the day this news was published, TRRPF gained 4.09%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

November NAV: $33.3 million October NAV: $33.7 million NAV per share: $0.87 per share +3 more

6 metrics

November NAV $33.3 million Net Asset Value for November 2025

October NAV $33.7 million Net Asset Value for October 2025 (prior month)

NAV per share $0.87 per share November 2025 Net Asset Value per share

Cash increase $2.7 million Month-over-month increase in cash and cash equivalents

Month-end cash $8.6 million Cash and cash equivalents at November 2025 month-end

Prior month cash $5.9 million Cash and cash equivalents at prior month-end

Market Reality Check

Price: $0.3900 Vol: Volume 3,500 vs 20-day av...

high vol

$0.3900 Last Close

Volume Volume 3,500 vs 20-day average 2,303 (relative volume 1.52x). high

Technical Price $0.41 is trading slightly below the 200-day MA at $0.42.

Peers on Argus

TRRPF showed a positive move of 4.09% while peers were mixed: BMNM up 5.68%, BLG...

TRRPF showed a positive move of 4.09% while peers were mixed: BMNM up 5.68%, BLGVF up 0.8%, and others flat to slightly negative. This points to more stock-specific dynamics than a broad sector move.

Historical Context

2 past events · Latest: Nov 13 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Nov 13	Earnings and NAV update	Positive	+6.5%	Strong Q3 gains, higher EPS, and cash increase with October NAV stability.
Jul 31	Management change	Positive	+2.5%	New CFO appointment following long-tenured CFO and strong historical NAV growth.

Pattern Detected

Recent positive operational/financial updates have coincided with positive next-day price reactions.

Recent Company History

Over recent months, Torrent Capital reported strong Q3 2025 results with NAV of $33.5 million ($0.88/sh) and cash of $4.3 million, followed by an October update citing preliminary NAV of ~$33.7 million ($0.88/sh) and cash of $5.9 million. A July 2025 management change brought in a new CFO after a period marked by a 174% NAV increase and 16.7% compound annual returns. The November NAV and cash update in today’s article follows this trajectory of detailed portfolio and performance disclosures.

Market Pulse Summary

This announcement detailed November 2025 portfolio metrics, with NAV holding at $33.3 million or $0....

Analysis

This announcement detailed November 2025 portfolio metrics, with NAV holding at $33.3 million or $0.87 per share and cash rising to $8.6 million. Management emphasized ongoing active portfolio management, including dispositions and option writing strategies. In light of prior strong Q3 2025 results and an earlier NAV of $33.7 million, investors may focus on how Torrent deploys its expanded cash position and whether future updates show renewed NAV growth and sustained investment gains.

Key Terms

net asset value (nav), cash and cash equivalents, option writing strategies

3 terms

net asset value (nav) financial

"announced its portfolio and Net Asset Value (NAV) update for November 2025."

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

cash and cash equivalents financial

"Cash Position: Cash and cash equivalents rose by $2.7 million from the prior month"

Cash and cash equivalents are the money a company has on hand plus very short-term, low-risk investments that can be quickly turned into cash, like bank deposits or government bills. Investors watch this figure because it shows a company’s immediate ability to pay bills, cover unexpected costs, and fund operations or growth — like a household’s checking account and emergency fund that keeps daily life running smoothly.

option writing strategies financial

"enhanced portfolio returns through option writing strategies on select equity positions."

Option writing strategies are trading approaches where an investor sells options—contracts that give someone else the right to buy or sell a stock by a set date—in exchange for an immediate cash payment. They matter to investors because, like renting out a house for steady income, selling options can generate regular cash and offset small losses, but it also limits upside or creates potential obligations if the market moves sharply, changing the portfolio’s risk and reward.

AI-generated analysis. Not financial advice.

Halifax, Nova Scotia--(Newsfile Corp. - December 10, 2025) - Torrent Capital Ltd. (TSXV: TORR) ("Torrent" or the "Company") today announced its portfolio and Net Asset Value (NAV) update for November 2025. The results highlight management's disciplined approach to capital management which resulted in the continued strengthening of the company's balance sheet.

November Portfolio Performance Highlights

Net Asset Value: NAV remained relatively unchanged from the previous month at $33.3 million ($33.7 million October) or $0.87 per share.

Cash Position: Cash and cash equivalents rose by $2.7 million from the prior month, reaching $8.6 million at month-end, up from $5.9 million.

Performance Drivers: NAV remained stable during a month of mixed equity market performance, with gains from Lemonade, Inc. that were in part offset by weakness in Kneat.com Inc.

Active Portfolio Management: Torrent completed its disposition of Solana while it enhanced portfolio returns through option writing strategies on select equity positions.

During the period, Torrent continued to streamline its holdings by exiting underperforming positions and monetizing investments believed to have reached their expected upside. These actions contributed to Torrent's month-end increase in cash reserves.

"Our strong cash balance provides Torrent with flexibility to pursue selective new investments," said Wade Dawe CEO. "We remain focused on deploying capital where we see opportunities that align with our investment strategy."

Cautionary Note on Preliminary Results

The November 2025 financial figures presented in this release are preliminary, unaudited results and are subject to change following the completion of the Company's standard closing procedures and review. Final November results will be included in the Company's audited financial statements and MD&A for the year ended December 31, 2025, that will be filed on SEDAR+ on or before April 29, 2026.

About Torrent Capital Ltd.

Torrent Capital is a publicly traded Investment Issuer that actively manages a portfolio of public equities and private investments. The Company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. Torrent offers investors the potential to earn above-market returns while providing transparency, daily liquidity and a modest fee profile compared with competing investment products.

For further information, please contact:

Contact:
Wade Dawe
Chief Executive Officer
Phone: 1 902 536 1976

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Torrent disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The reader is referred the Company's annual financial reporting for a discussion of risks and uncertainties.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277475

FAQ

What was Torrent Capital's NAV for November 2025 (TRRPF)?

Torrent reported a NAV of $33.3 million, or $0.87 per share, for November 2025.

How much cash did Torrent Capital (TRRPF) hold at November 30, 2025?

Cash and cash equivalents were $8.6 million at month-end, up $2.7 million from October.

What portfolio changes did Torrent Capital announce in November 2025?

Torrent completed a disposition of Solana, exited underperforming holdings, and used option-writing on select equities.

Which holdings drove November performance for Torrent Capital (TRRPF)?

Gains from Lemonade, Inc. helped performance, partly offset by weakness in Kneat.com Inc..

Does Torrent Capital plan to deploy its increased cash balance?

Management said the stronger cash balance provides flexibility to pursue selective new investments aligned with its strategy.