Torrent Capital Reports Preliminary Q3 2025 Financial Results and Portfolio Update

Core Insights - Torrent Capital Ltd. reported preliminary financial results for Q3 2025, showing a Net Asset Value (NAV) per share of approximately $0.88, an increase from $0.75 per share at the end of Q2 2025, representing a 17% gain during the quarter [1][7] - The total comprehensive income for the quarter was approximately $4.8 million, marking a 208% increase compared to the same quarter in the previous year [7] Digital Asset Portfolio - The price appreciation of Solana (SOL) contributed significantly to Torrent's performance, with staking generating a yield of 1,725 SOL tokens valued at approximately $396,000 [3] - Realized gains from SOL holdings were approximately $1.2 million, alongside an unrealized gain of about $2.2 million, with long exposure to approximately 30,000 SOL [4] - The company is strategically reducing its SOL exposure to manage risk and improve diversification [5] Equity Portfolio - The equity portfolio appreciated in value during Q3, benefiting from diverse holdings across various sectors [6] - Torrent initiated a new core holding in Lemonade Inc., an insurtech firm, which has an unrealized gain of approximately 29% or $540,000 as of September 30, 2025 [8] - Kneat.com, Inc. remains one of the largest and best-performing holdings, announcing new global clients and strong financial results [9] Resource Portfolio - The resource portfolio outperformed in Q3, supported by robust gold prices, with positions maintained in exploration-stage companies [10] - The company reduced its position in Wildbrain Ltd., which has underperformed, realizing gains of approximately $100,000 from partial dispositions [11] Argentia Capital Update - Torrent maintains an investment in Argentia Capital Inc., focusing on infrastructure-linked opportunities, aiming for stable, compounding returns while supporting regional economic development [12]