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ELYSEE Earns $9,750,354 ($0.34 per share) During the Year Ended December 31, 2025; Net Asset Value Increases by 80% to $21.5 million ($0.76 per share)
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2026) - Elysee Development Corp. (TSXV:...
About this update from Elysee Development Corp
[{"type":"text","content":"ELYSEE Earns $9,750,354 ($0.34 per share) During the Year Ended December 31, 2025; Net Asset Value Increases by 80% to $21.5 million ($0.76 per share)Vancouver, British Columbia--(Newsfile Corp. - April 13, 2026) - Elysee Development Corp. (TSXV: ELC) (FSE: QLDN) (the \"Company\") wishes to announce its audited financial results for the year ended December 31, 2025 (\"FY 2025\"). All dollar amounts are in Canadian funds unless otherwise noted. Highlights of Fiscal 2025 results include:Net Asset Value (\"NAV\") as of December 31, 2025 of $21,486,984 ($0.76 per share), an increase of 80% from $0.42 per share as of December 31, 2024; Net income of $ 9,750,354 ($0.34 per share) in FY 2025; Net income of $1,433,495 ($0.05 per share) for Q4 2025; Reduction in debt and potential dilution through early redemption of $1,685,000 of 8% convertible debentures in December 2025; Payment of a dividend of $0.01 per share in November 2025; The Company's share price increased by over 70% in 2025; andCash on hand as of December 31, 2025 of $5,115,658. Selected Financial and Comparative Information:Three months ended December 31Year ended December 312025202420252024Net investment income (loss)$2,493,417($22,735)$11,348,048$1,260,642Total expenses($513,226)(225,656)($1,050,998)($608,415)Other Loss (due to early redemption)($546,696)-($546,696)-Net Income (loss)$1,433,495($248,391)$9,750,354$652,227Earnings per share$0.05($0.01)$0.340.02Earnings per share (fully diluted)$0.05($0.01)$0.340.02 Change in Net Asset Value per Share over the last three years:Shares Issued Net Asset Value (\"NAV\")* NAV per shareCash on HandDecember 31 202528,341,859$21,486,984$0.76 $5,115,658December 31 202428,321,613$11,949,377$0.42$1,532,977December 31 202328,585,113$11,157,918$0.39$849,798 Guido Cloetens, President and CEO of Elysee Development Corp. commented: \"Fiscal year 2025 was our best year yet. Our net asset value per share increased during the year by 80% from $0.42 on January 1, 2025 to $0.76 as of December 31, 2025. Net earnings per share increased to 34 cents per share from 2 cents in FY 2024. As a result of this performance the Company declared a further 2 cent dividend on March 3, 2026. \"Increased activity in M&A in 2025 resulted in significant gains for Elysee. Fresnillo Plc acquired Probe Gold Inc at a significant premium while MAG Silver ...