Olive Resource Capital Reports Q2 2026 Financial Statements and Investment Performance
Rhea-AI Summary
Olive Resource Capital (TSXV: OC, OTC: XTERF) reported Q2 2026 net income of $1,496,865, or $0.01 per share, versus $928,942 a year earlier. The investment portfolio, including cash, was valued at $18,853,458 on June 30, 2026, up from $16,473,208 on December 31, 2025.
Net asset value (NAV) per share rose to $0.166 from $0.145 at year-end 2025, with net assets of $17,784,796 and 107,207,209 shares outstanding. Subsequent to quarter-end, Olive closed a non-brokered private placement of 29,256,545 shares at $0.11 for gross proceeds of about $3,218,200. As of this release, the company has 136,463,754 shares outstanding and holds 4,046,000 shares in treasury pending cancellation under its NCIB.
Positive
- Net income up to $1.50M from $0.93M YoY
- Investment portfolio value increased to $18.85M from $16.47M
- NAV per share rose to $0.166 from $0.145
- Private placement raised $3.22M at $0.11 per share
- Shares in treasury for cancellation total 4,046,000
Negative
- Private placement adds 29.26M new shares, increasing dilution
- Earnings per share remained $0.01 despite higher net income
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - August 26, 2026) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to announce the release of its quarterly financial results for the period ended June 30, 2026.
Highlights:
- As a result of strong investment performance Olive reported Net Income of
$1,496,865 or$0.01 per share for the quarter ended June 30, 2026. - Investment Portfolio valued at
$18,853,458 (inclusive of cash) for June 30, 2026, as compared to a value of$16,473,208 (inclusive of cash) for December 31, 2025. - NAV per share for June 30, 2026 of
$0.166 per share, compared to$0.145 per share on December 31, 2025.
Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "The second quarter was challenging for resource equities as market risk premium increased with the developments at the Strait of Hormuz. At Olive, we increased our cash position during the quarter, just as seasonality trends peaked. The Company posted positive returns for the quarter, outperforming the reference mining indices which posted negative returns. We remain of the view that the resource market is in a secular bull market and will take advantage of opportunities to deploy the cash into investments with tangible, transformational catalysts."
Table 1: Olive's Significant Investments
| Name | Ticker | Sector | Category | (Audited) Value | (Unaudited) Value |
| Dec 31, 2025(1) | June 30, 2026(1) | ||||
| Omai Gold Mines Corp.(2) | OMG.v | Precious Metals | Public Equity | ||
| Black Sheep Ventures Inc. | Private | Real Estate | Private Equity & Conv. Debenture | ||
| Goldsky Resources Corp. (inc. Warrants) | GSKR.v | Precious Metals | Public Equity | ||
| Sun Valley Minerals Inc.(2) | Private | Precious Metals | Private Equity | ||
| West Point Gold Corp.(2) | WPG.v | Precious Metals | Public Equity | ||
| GeoPark Ltd. | GPRK | Oil & Gas | Public Equity | ||
| Bravo Mining Corp. | BRVO.v | Precious Metals | Public Equity | ||
| Valhalla Metals Inc. | VMXX.v | Base Metals | Public Equity | - | |
| Hudbay Minerals Inc. | HBM | Base Metals | Public Equity | - | |
| Freehold Royalties Ltd. | FRU | Royalty | Public Equity | ||
| Other Public Equity Liquid Investments and Cash Equivalents (3) | |||||
| Other Public Equity Fundamental Investments Incl. Warrants (4) | |||||
| Other Private Equity, Loans, & Convertible Debenture Investments | |||||
| Total | |||||
- For publicly listed investments traded on recognized exchanges, valuation is based on closing trading prices. For private equity investments, valuation is per the most recent financial statements. For Convertible Debentures, valuation is per the most recent financial statements, adjusted for interest accruals and convertibility value.
- Derek Macpherson, Executive Chairman of Olive Resource Capital is a Director of this issuer (Omai Gold Mines; West Point Gold). Samuel Pelaez, CEO of Olive Resource Capital is a Director of this issuer (Sun Valley Minerals).
- Olive defines Liquid Investments as investments whose position can be liquidated in less than one day's average trading volume for that security. This measure also includes cash and cash equivalents; but does not include adjustments for working capital and liabilities. Olive invites the reader to refer to its most recent financial statements available on its website; www.olive-resource.com for details on the Company's liabilities.
- Out of the Money Warrants are valued using Black Scholes with
35% volatility, and3% interest rate. In the Money Warrants are valued at their intrinsic value. - The increase in value from December 31, 2025 is primarily as a result of stock price appreciation of the investments.
Private Placement
Subsequent to quarter end, the Company completed a non-brokered private placement for gross proceeds of approximately
Normal Course Issuer Bid ("NCIB")
As of the date of this release, the Company holds 4,046,000 common shares in treasury pending cancellation.
As of the date of this release Olive Resource Capital Inc. has 136,463,754 common shares outstanding.
Q2 2026 Financial Results Summary
Operational Summary
The Company's net income totaled
Estimation of Net Asset Value per Share
Net asset value per share ("NAV") is a non-IFRS financial measure. NAV is 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. The term NAV does not have any standardized meaning according to IFRS and therefore may not be comparable to similar measures presented by other companies. There is no comparable IFRS financial measure presented in the Company's consolidated financial statements and thus no applicable quantitative reconciliation for such non-IFRS financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company's performance and may assist in the evaluation of the Company's business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by IFRS. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily indicative of other metrics presented in accordance with IFRS. The existing NAV of the Company is not necessarily predictive of the Company's future performance or the NAV of the Company as at any future date.
| Period Ended | Total Assets | Total Liabilities | Net Assets | Shares Outstanding | NAV per Share |
| Jun 30, 2026 | 107,207,209 | ||||
| Mar 31, 2026 | 106,744,709 | ||||
| Dec 31, 2025 | 106,144,709 | ||||
| Sep 30, 2025 | 106,144,709 | ||||
| Jun 30, 2025 | 106,144,709 | ||||
| Mar 31, 2025 | 106,144,709 | ||||
| Dec 31, 2024 | 109,174,709 | ||||
| Sep 30, 2024 | 109,174,709 | ||||
| Jun 30, 2024 | 109,174,709 | ||||
| Mar 31, 2024 | 109,174,709 | ||||
| Dec 31, 2023 | 109,174,709 | ||||
| Sep 30, 2023 | 111,768,709 | ||||
| Jun 30, 2023 | 111,768,709 | ||||
| Mar 31, 2023 | 111,768,709 | ||||
| Dec 31, 2022 | 110,768,709 |
About Olive Resource Capital Inc.:
Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.
For further information, please contact:
Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com. Olive's website is located at www.olive-resource.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive's intended future disclosure practices. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company's public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311574