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Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended September 30, 2025
TORONTO, ON / ACCESS Newswire / October 23, 2025 / Pinetree Capital Ltd. (TSX:PNP) ("Pinetree"...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended September 30, 2025TORONTO, ON / ACCESS Newswire / October 23, 2025 / Pinetree Capital Ltd. (TSX:PNP) (\"Pinetree\" or the \"Company\") today announced its financial results for the period ended September 30, 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 September 30, 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.ca.Selected Financial Information As at September 30, 2025 As at December 31, 2024 Total assets $90,069 $78,270 Total liabilities 1,395 571 Book Value 88,674 77,699 Shares outstanding 9,387,000 9,387,000 Book Value per share (BVPS) $9.45 $8.28 Shares Outstanding Equity$000's Book Value per share(BVPS) 1$ Quarterly Expenses$000's Expenses as apercentage of BV 1% Sep-30-25 9,387,000 88,674 9.45 497 0.5 Jun-30-25 9,387,000 86,691 9.24 367 0.4 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 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 September 30, 2025, Pinetree's equity was $88,674 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 $9.45 as at September 30, 2025. The change represents an increase of $1.17 or 14%.As at September 30, 2025, the Company held investments at fair value totaling $81,309, which represented 92% of book value. This compares to investments at fair value of $73,077 representing 94% of book value as at December 31, 2024.Expenses for the twelve months ended September 30, 2025 were $1,716 which corresponds to 1.9% of book value as at September 30, 2025. This compares to expe...