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Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended March 31, 2025 and Leave of Absence of Chief Investment Officer
TORONTO, ON / ACCESS Newswire / April 28, 2025 / Pinetree Capital Ltd. (TSX:PNP) ("Pinetree" o...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended March 31, 2025 and Leave of Absence of Chief Investment OfficerTORONTO, ON / ACCESS Newswire / April 28, 2025 / Pinetree Capital Ltd. (TSX:PNP) (\"Pinetree\" or the \"Company\") today announced its financial results for the three months ended March 31, 2025. All financial information provided in this press release is unaudited and all figures are in $'000 except per share amounts and shares outstanding.Unaudited financial results for the period ended March 31, 2025The following information should be read in conjunction with our annual audited Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards (\"IFRS\") and our annual Management Discussion and Analysis for the year ended December 31, 2024, which can be found on SEDAR+ at www.sedarplus.com.Selected Financial Information As at March 31, 2025 As at December 31, 2024 Total assets $88,942 $78,270 Total liabilities 567 571 Book Value 88,375 77,699 Shares outstanding 9,387,000 9,387,000 Book Value per share (BVPS) $9.41 $8.28 Shares Outstanding Equity Book Value per share (BVPS) 1 Quarterly Expenses Expenses as a percentage of BV 1 $000's $ $000's % Mar-31-25 9,387,000 88,375 9.41 429 0.5 Dec-31-24 9,387,000 77,699 8.28 423 0.5 Sep-30-24 9,387,000 60,339 6.43 178 0.3 Jun-30-24 9,387,000 55,515 5.91 159 0.3 Mar-31-24 9,387,000 56,485 6.02 179 0.3 Dec-31-23 9,387,000 45,372 4.83 148 0.3 Sep-30-23 9,387,000 41,399 4.41 190 0.5 Jun-30-23 9,387,000 42,111 4.49 260 0.6 1 Refer to \"Use of Non-IFRS Financial Measures\"Shares Outstanding and Equity amounts are as at the Quarter End date. Expense amounts are for the Three months ending the Quarter End dateAs at March 31, 2025, Pinetree's equity was $88,375 which compares to $77,699 as at December 31, 2024. This resulted in Pinetree's BVPS increasing from $8.28 as at December 31, 2024 to $9.41 as at March 31, 2025. The change represents an increase of $1.13 or 14%. Since the end of the quarter, market volatility has put pressure on Pinetree's BVPS.As at March 31, 2025, the Company held equity investments at fair value totaling $84,687, which represented 96% of book value. This compares to equity investments at fair value of $73,077 representing 94% of book value as at December 31, 2024.Expenses for the twelve mo...