Olive Resource Capital Reports Record Q1 2025 Investment Performance and Quarterly Net Income
- Record Q1 2025 net income of $1,106,501 ($0.01 per share), compared to a loss in Q1 2024
- Strong 17.1% increase in investment portfolio value and 20.7% increase in NAV per share
- Strategic 50%+ exposure to gold and precious metals during gold's 20% rise in 2025
- Improved balance sheet flexibility enabling more aggressive investment allocation
- Unrealized gain of $1,273,881 in Q1 2025 vs loss of $295,877 in Q1 2024
- Reduction in total shares outstanding from 109,174,709 to 106,144,709 during Q1 2025
- Slight decrease in total assets from Q3 2023 peak of $7,487,385 to current $7,547,141
Toronto, Ontario--(Newsfile Corp. - May 26, 2025) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to announce financial results for the three months ended March 31, 2025.
Highlights:
- Investment Portfolio valued at
$7,518,305 for March 31, 2025. Investment Portfolio value increased by17.1% , and NAV per share increase20.7% respectively during Q1 2025. - As a result of strong investment performance, Olive reported record Net Income of
$1,106,501 or$0.01 per share.
Samuel Pelaez, the Company's President, CEO, CIO, and Director, stated: "The seasonal period between January and May is typically strong for the commodity complex. At Olive we increased our exposure during Q4 2024 to capture this momentum. Fortunately, not only have commodities performed positively, they have generally outperformed their seasonality, with gold having risen more than
Derek Macpherson, Executive Chairman, stated, "The work that we have done over the last three years to increase Olive's balance sheet flexibility has allowed us to be more aggressive in allocating investment dollars to the high conviction names in our portfolio. This has put us in the ideal positions to potentially deliver significant returns in the current very positive gold environment and the strong broader commodity market that we anticipate in the next few years."
Table 1: Olive's Significant Investments
| Name | Ticker | Sector | Category | (Audited) Value Dec 31, 2024 | (Unaudited) Value Mar 31, 2025(1) | (Unaudited) Value Apr 30, 2025(1) | ||||||
| Black Sheep Ventures Inc. | Private | Real Estate | Private Equity & Convertible Debenture | $ | 1,265,936 | $ | 1,265,936 | $ | 1,259,252 | |||
| Omai Gold Mines Corp.(2) | OMG.v | Precious Metals | Public Equity | $ | 456,720 | $ | 1,113,835 | $ | 1,101,320 | |||
| Troilus Gold Corp. | TLG | Precious Metals | Public Equity | $ | 190,800 | $ | 290,063 | $ | 382,500 | |||
| Arizona Sonoran Copper Co. | ASCU | Base Metals | Public Equity | $ | 255,780 | $ | 393,240 | $ | 371,700 | |||
| Aurion Resources Ltd | AU.v | Precious Metals | Public Equity | $ | 222,075 | $ | 250,275 | $ | 292,575 | |||
| Public Equity Liquid Investments and Working Capital (3) | $ | 1,417,143 | $ | 1,338,040 | $ | 1,432,234 | ||||||
| Public Equity Fundamental Investments Incl. Warrants (4) | $ | 1,773,991 | $ | 1,951,408 | $ | 1,695,699 | ||||||
| Other Private Equity, Loans, & Convertible Debenture Investments | $ | 836,679 | $ | 915,508 | $ | 986,965 | ||||||
| Total | $ | 6,419,124 | $ | 7,518,305 | $ | 7,522,245(5) | ||||||
- For publicly listed investments traded on recognized exchanges, valuation is based on closing 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.
- 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 adjust for working capital.
- Out of the Money Warrants are valued using Black Scholes with
35% volatility,3% interest rate. In the Money Warrants are valued at their intrinsic value. - The increase in value from December 31, 2024 to April 30, 2025 is primarily as a result of stock price appreciation of the investments.
As of the date of this release Olive Resource Capital Inc. has 106,144,709 common shares outstanding.
Q1 2025 Financial Results Summary
Operational Summary
The Company's net income totaled
The increase in income of
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 | ||||||||||
| Mar 31, 2025 | $ | 7,547,141 | $ | 55,796 | $ | 7,491,345 | 106,144,709 | $ | 0.070 | ||||||
| Dec 31, 2024 | $ | 6,452,049 | $ | 70,207 | $ | 6,381,842 | 109,174,709 | $ | 0.059 | ||||||
| Sep 30, 2024 | $ | 6,960,407 | $ | 150,393 | $ | 6,810,014 | 109,174,709 | $ | 0.062 | ||||||
| Jun 30, 2024 | $ | 6,817,822 | $ | 198,932 | $ | 6,618,890 | 109,174,709 | $ | 0.061 | ||||||
| Mar 31, 2024 | $ | 6,793,179 | $ | 213,458 | $ | 6,579,721 | 109,174,709 | $ | 0.060 | ||||||
| Dec 31, 2023 | $ | 7,128,257 | $ | 158,320 | $ | 6,969,937 | 109,174,709 | $ | 0.064 | ||||||
| Sep 30, 2023 | $ | 7,487,385 | $ | 172,925 | $ | 7,314,460 | 111,768,709 | $ | 0.065 | ||||||
| Jun 30, 2023 | $ | 7,515,703 | $ | 209,469 | $ | 7,306,234 | 111,768,709 | $ | 0.065 | ||||||
| Mar 31, 2023 | $ | 7,376,244 | $ | 202,588 | $ | 7,173,656 | 111,768,709 | $ | 0.064 | ||||||
| Dec 31, 2022 | $ | 6,727,183 | $ | 420,484 | $ | 6,309,699 | 110,768,709 | $ | 0.057 |
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 or by phone at (202)677-8513. 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/253359
FAQ
What was Olive Resource Capital's (XTERF) Q1 2025 net income?
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What is Olive Resource Capital's exposure to gold and precious metals?
How did Olive Resource Capital's NAV per share change from Q4 2024 to Q1 2025?
What was the unrealized gain on investments for Olive Resource Capital in Q1 2025?
