Olive Resource Capital Reports Record Third Quarter Investment Performance of 61.8% and Net Income of $5.2 Million
Rhea-AI Summary
Olive Resource Capital (XTERF) reported record investment results for Q3 2025, with Net Income of $5,170,183 (Q3) and nine‑month income of $7,205,626 to September 30, 2025.
The Company's investment portfolio was valued at $14,352,286 (inclusive of cash) and NAV per share rose to $0.128 as of September 30, 2025, representing a 61.8% increase in Q3 and a 113.5% year‑to‑date NAV per share gain. Shares outstanding were 106,144,709 and the company holds 1,000,000 treasury shares pending cancellation.
Positive
- Q3 Net Income of $5,170,183
- Nine‑month Net Income of $7,205,626
- Investment portfolio valued at $14,352,286 as of Sep 30, 2025
- NAV per share rose to $0.128 as of Sep 30, 2025
- NAV per share +61.8% during Q3 2025 and +113.5% YTD
Negative
- Total liabilities increased to $772,995 as of Sep 30, 2025
- NAV is a non‑IFRS measure and not directly comparable to IFRS metrics
Key Figures
Market Reality Check
Peers on Argus
While XTERF showed a move of 900%, peers were mixed: SCLTF up 3.96%, UCHAF down 25.38%, others flat to slightly negative. This points to a stock-specific reaction rather than a broad Basic Materials move.
Market Pulse Summary
This announcement highlighted record performance for Olive Resource Capital, with Q3 2025 net income of $5,170,183, EPS of $0.05, and an investment portfolio valued at $14,352,286. NAV per share reached $0.128, reflecting a 61.8% increase in Q3 and 113.5% year-to-date. The results were driven by appreciation in key public and private holdings. Investors may focus on how concentrated positions, commodity exposure, and non-IFRS NAV metrics evolve in future quarters.
Key Terms
convertible debenture financial
warrants financial
black scholes technical
ifrs financial
normal course issuer bid financial
AI-generated analysis. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to announce financial results for the three and nine months ended September 30, 2025.
Highlights:
- As a result of strong investment performance Olive reported record Net Income of
$5,170,183 or$0.05 per share for the three months ended September 30, 2025. For the nine months ended September 30, 2025 the Company reported income of$7,205,626 or$0.07 per share. - Investment Portfolio valued at
$14,352,286 (inclusive of cash) for September 30, 2025. NAV per share increase61.8% during Q3 2025. - Year-to-date NAV per share increase of
113.5%
Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "Olive's portfolio delivered a second consecutive record performance this quarter. Olive's portfolio remains well positioned to continue to benefit from the major underlying themes supporting this bull market; multi-decade resource underinvestment, monetary debasement, and the inability of existing assets to meet demand growth forecasts."
Table 1: Olive's Significant Investments
| Name | Ticker | Sector | Category | (Audited) Value Dec 31, 2024 | (Unaudited) Value Jun 30, 2025(1) | (Unaudited) Value Sep 30, 2025(1) |
| Omai Gold Mines Corp.(2) | OMG.v | Precious Metals | Public Equity | |||
| Sterling Metals Corp. (inc. Warrants) | SAG.c | Base Metals | Public Equity | |||
| Black Sheep Ventures Inc. | Private | Real Estate | Private Equity & Convert. Debenture | |||
| Troilus Gold Corp. (inc. Warrants) | TLG | Precious Metals | Public Equity | |||
| Arizona Sonoran Copper Co. | ASCU | Base Metals | Public Equity | |||
| Bravo Mining Corp. | BRVO.v | Precious Metals | Public Equity | |||
| Aurion Resources Ltd. | AU.v | Precious Metals | Public Equity | |||
| Sailfish Royalty Corp. | FISH.v | Precious Metals | Public Equity | |||
| Aquitaine Metals Corp. | Private | Precious Metals | Private Equity | - | ||
| Public Equity Liquid Investments and Cash Equivalents (3) | ||||||
| Other Public Equity Fundamental Investments Incl. Warrants (4) | ||||||
| Other Private Equity, Loans, & Convertible Debenture Investments | ||||||
| Total Value | ||||||
1. 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.
2. Derek Macpherson, Executive Chairman of Olive Resource Capital is a Director of this issuer.
3. 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.
4. Out of the Money Warrants are valued using Black Scholes with
5. The increase in value from December 31, 2024 to June 30, 2025 and September 30, 2025 is primarily as a result of stock price appreciation of the investments.
Normal Course Issuer Bid ("NCIB")
As of the date of this release, the Company holds 1,000,000 common shares in treasury pending cancellation.
As of the date of this release Olive Resource Capital Inc. has 106,144,709 common shares outstanding.
Q2 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 |
| 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 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/276423
FAQ
What did Olive Resource Capital (XTERF) report for Q3 2025 net income?
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How much did NAV per share change for Olive (XTERF) in Q3 2025 and year‑to‑date?
What is Olive Resource Capital's NAV per share and shares outstanding as of Sep 30, 2025 (XTERF)?
Does Olive Resource Capital use standardized IFRS metrics for NAV (XTERF)?
