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Torrent Capital Provides Preliminary February Net Asset Value (NAV) and Portfolio Update
Halifax, Nova Scotia--(Newsfile Corp. - March 25, 2026) - Torrent Capital Ltd. (TSXV: TORR) ("Tor...
About this update from Torrent Capital Ltd
[{"type":"text","content":"Torrent Capital Provides Preliminary February Net Asset Value (NAV) and Portfolio UpdateHalifax, Nova Scotia--(Newsfile Corp. - March 25, 2026) - Torrent Capital Ltd. (TSXV: TORR) (\"Torrent\" or the \"Company\") today provided its February 2026 portfolio update and Net Asset Value (\"NAV\"). As of February 28, 2026, the Company reported an estimated NAV of $30.0 million, or approximately $0.78 per share, compared with $32.9 million (or $0.86 per share) at January 31, 2026. February Portfolio Performance HighlightsNet Asset Value: $30.0 million (or $0.78 per share) as of February 28, 2026. Cash and Cash Equivalents: Torrent had $1.3 million in cash and cash equivalents at February 28, 2026, compared to $1.6 million at January 31, 2026. Performance Drivers: The decline in NAV during February reflects valuation changes across the portfolio during a period of broader market weakness, particularly in the software sector.\"NAV per share declined during February, reflecting a partial reversal of previously unrealized gains,\" said Wade Dawe, Chief Executive Officer of Torrent Capital Ltd. \"We maintained a consistent liquidity position and continue to focus on disciplined capital allocation and long-term NAV per share growth, while selectively repositioning the portfolio in response to evolving market conditions.\"NAV per share and all per-share figures are calculated based on common shares outstanding at the applicable reporting dates. The number of common shares outstanding may vary between periods.Cautionary Note on Preliminary Results The February 2026 financial figures presented in this release are preliminary and unaudited results, are expressed in Canadian dollars, and are subject to change following the completion of the Company's standard closing procedures and review. Final February results will be included in the Company's unaudited financial statements and MD&A for the quarter ended March 31, 2026, that will be filed on SEDAR+ on or before May 29, 2026. About Torrent Capital Ltd.Torrent Capital is a publicly traded Investment Issuer that actively manages a portfolio of public equities and private investments. The Company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. Torrent offers investors the potential to earn above-market returns while provi...