Torrent Capital Reports Preliminary Q3 2025 Financial Results and Portfolio Update

Halifax, Nova Scotia--(Newsfile Corp. - October 9, 2025) - Torrent Capital Ltd., (TSXV: TORR), ("Torrent" or the "Company") today announced its preliminary financial results for its third quarter ended September 30, 2025, along with an initial update on portfolio performance. As of September 30, 2025, Torrent reports a Net Asset Value ("NAV") per share of approximately $0.88. All preliminary estimates reported are unaudited and expressed in Canadian Dollars.

Preliminary Financial Highlights

• Total comprehensive income for the quarter was approximately $4.8 million, representing a 208% increase from the comparative prior year quarter. All figures reported are net of taxes and operating expenses.

• As at September 30, 2025, Torrent had a NAV of $33.5 million (or $0.88 per share) compared with $28.7 million (or $0.75 per share) at June 30, 2025.

• The $0.13 per share increase in NAV represents a 17% gain during the third quarter, outperforming the S&P500 which increased 8%, and trailing the TSX Small Cap Index which rose 20% over the same period.

• The increase in NAV and comprehensive income was primarily driven by strong performance of Torrent's investments in the resource and technology sectors.

• Since inception in 2017, Torrent's NAV increased at a compound annual growth rate of 16%, compared to the S&P500 and TSX Small Cap Index, which increased at rates of 13% and 7% respectively during the same period.

Digital Asset Portfolio

During the third quarter, the price of Solana (SOL) appreciated contributing to Torrent's outperformance as the largest holding in its portfolio. Since establishing a digital asset portfolio in January 2025, staking Solana has generated a yield of 1,725 SOL tokens, representing approximately $396,000 in value.

During the quarter, Torrent recorded realized gains of approximately $1.2 million from dispositions of its SOL holdings and an unrealized gain of approximately $2.2 million. As of September 30, 2025, Torrent maintains long exposure to approximately 30,000 SOL through a combination of staked holdings and option contracts.

In view of evolving market conditions, Torrent has taken steps to strategically reduce its SOL exposure in order to manage risk, reduce volatility and improve diversification. Going forward, the Company will adjust its digital asset holdings based on prevailing market conditions.