Torrent Capital Reports Strong Q3 2025 Financial Results; Announces October Portfolio and Net Asset Value (NAV) Update

Rhea-AI Summary

Torrent Capital (OTC:TRRPF) reported Q3 2025 results and an October 2025 portfolio update. As of September 30, 2025, NAV was $33.5 million ($0.88 per share) with $4.3 million cash. Q3 recorded $4.6 million net investment gains ($0.13/sh), $1.9 million net digital asset gains ($0.05/sh), and EPS $0.13 (up from $0.06 in Q3 2024). For October 31, 2025, NAV was ~$33.7 million ($0.88/sh) and cash rose to $5.9 million. October performance saw gains from Lemonade and AMD offset by digital asset declines that were largely liquidated by month end; Torrent also initiated a B2Gold position and maintained Fortune Bay exposure. October figures are preliminary and unaudited.

Positive

• NAV of $33.5M as of Sept 30, 2025
• Investment gains of $4.6M in Q3 2025
• EPS rose to $0.13 from $0.06 YoY
• Cash increased to $5.9M by Oct 31, 2025

Negative

• Digital asset holdings declined and were largely liquidated in October 2025
• October figures are preliminary and unaudited, subject to change

As of September 30, 2025, Torrent had a NAV of $33.5 million (or $0.88 per share), with cash on hand of $4.3 million.

Halifax, Nova Scotia--(Newsfile Corp. - November 13, 2025) - Torrent Capital Ltd. (TSXV: TORR) ("Torrent" or the "Company") today announced financial results for the quarter ending September 30, 2025, along with an update on its portfolio performance for October 2025.

Q3 2025 Financial Highlights

• Net Asset Value: $33.5 million or $0.88 per share;
• Cash Position: $4.3 million in cash at quarter end;
• Investment Gains: $4.6 million in net gains on investments, equivalent to $0.13 per share;
• Digital Asset Gains: $1.9 million in net gains on digital assets, equivalent to $0.05 per share; and
• Earnings Per Share: $0.13 per share up from $0.06 per share in Q3 2024.

"Our Q3 2025 results confirm a solid quarter of performance. We remain focused on maintaining exposure to high-quality growth opportunities, while strategically rebalancing concentrated positions to build a more resilient portfolio in light of elevated market valuations," said Wade Dawe, CEO of Torrent Capital.

October Financial Highlights

• Net Asset Value: As of October 31, 2025, Torrent's NAV stood at approximately $33.7 million or $0.88 per share;
• Increased Cash Position: Torrent increased liquidity, ending October with $5.9 million in cash at month end;
• Performance Drivers: NAV remained stable during October as gains from Lemonade, Inc. and Advanced Micro Devices Inc. were offset in part by declines in the Company's digital asset holdings which were largely liquidated by month end;
• Expanded Resource Portfolio: Torrent increased its exposure to gold during the month amid the sector's rising prices by initiating a position in B2Gold Corp. while maintaining a position in Fortune Bay Corp.

Cautionary Note on Preliminary Results

The October 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 October 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, digital assets, 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/274439

FAQ

What was Torrent Capital's NAV and NAV per share as of Sept 30, 2025 (TRRPF)?

Torrent reported a NAV of $33.5 million, or $0.88 per share, as of Sept 30, 2025.

How much cash did Torrent Capital (TRRPF) hold at quarter end and at Oct 31, 2025?

Cash was $4.3 million at Sept 30, 2025 and increased to $5.9 million at Oct 31, 2025.

What investment gains did Torrent report in Q3 2025 and how did that affect EPS for TRRPF?

Torrent recorded $4.6 million net investment gains in Q3 2025 and reported EPS of $0.13 (up from $0.06 in Q3 2024).

Why did Torrent's October 2025 NAV remain stable for TRRPF?

October NAV (~$33.7M) was stable as gains in Lemonade and AMD were partly offset by declines in digital asset holdings.

Did Torrent Capital change its portfolio exposure in October 2025 (TRRPF)?

Yes. Torrent initiated a position in B2Gold and maintained a position in Fortune Bay, increasing gold exposure in October 2025.

Are the October 2025 NAV and cash figures for TRRPF final?

No. The October 2025 figures are preliminary and unaudited and are subject to change after standard closing procedures.