Suro Capital Corp. · NASDAQ:SSSS
Suro Capital — Q3 2025 Earnings Presentation
9 slides from Suro Capital's earnings presentation, Nov 4, 2025
Slide 1: Q3 2025 Earnings Call
Q3 2025 Earnings Call November 4, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements Statements included herein, including statements regarding SuRo Capital Corp.'s ("SuRo Capital", "SSSS", the “Company”, "we", "us" or "our") beliefs, expectations, intentions or strategies for the future, may constitute "forward-looking statements". SuRo Capital cautions y
Slide 3: Q3 2025 Earnings Overview
Q3 2025 Earnings Overview • 1 SuRo Capital’s Net Asset Value (“NAV”) Per Share is $9.23 as of September 30, 2025 o Net Assets of approximately $231.8 million at quarter-end o Increase from the dividend-adjusted $8.93 per share as of June 30, 2025 • 2 $0.25 Per Share Cash Dividend(1) o Declared Novem
Slide 4: Portfolio Highlight – ARK Type One Deep Ventures Fund LLC
Portfolio Highlight – ARK Type One Deep Ventures Fund LLC About OpenAI Global, LLC SuRo Capital Investment • OpenAI is an artificial intelligence research organization • In September 2024, SuRo Capital invested $17.5 focused on developing and deploying advanced AI million in the Class A Interest of
Slide 5: Portfolio Highlight – HL Digital Assets Inc.
Portfolio Highlight – HL Digital Assets Inc. About HL Digital Assets Inc. SuRo Capital Investment • HL Digital Assets is a company investing in HYPE, the digital token of Hyperliquid • On September 18, 2025, SuRo Capital invested $5.0 million in HL Digital Assets Inc.’s Preferred Shares(1) • Hyperli
Slide 6: Investment Portfolio Activity
Investment Portfolio Activity Investment Activity – During Q3 2025 Portfolio Company Investment Transaction Date Amount(1) Supplying Demand, Inc. (d/b/a Liquid Death)(2) Convertible Note 7/29/2025 $0.3 million HL Digital Assets Inc.(3) Preferred Shares 9/18/2025 $5.0 million Realizations – During Q3
Slide 7: Top 5 Positions = 52% of Investment Portfolio at Fair Value
Top 5 Positions = 52% of Investment Portfolio at Fair Value Based on Total Investment Portfolio Fair Value of $252.2 million at September 30, 2025 Cost Basis Fair Value % of Investment Portfolio Company ($ in millions) ($ in millions) Portfolio (1) 1 Opportunity 2 LP $12.7 $37.0 14.7% 2 $11.0 $28.8
Slide 8: Key Industry Themes
Key Industry Themes As a Percentage of Total Investment Portfolio at Fair Value at September 30, 2025 Fair Value % of Legend Industry Theme(1) ($ in millions) Portfolio 20.5% Artificial Intelligence Infrastructure & Applications $76.9 30.5% Consumer Goods & Services $51.6 20.5% 30.5% Software-as-a-S
Slide 9: Financial Highlights
Financial Highlights For the Third Quarter Ended September 30, 2025 Third Quarter 2025 Amount Per Share(1) ($ in millions) Net Assets at Beginning of Period $219.4 $9.18 Net Investment Loss ($3.5) ($0.14) Net Realized Gain on Investments $5.2 $0.21 Net Change in Unrealized Appreciation of Investment