Ms. Jo-Anne O'Connor reports

STRATEGEM CAPITAL REPORTS SECOND QUARTER RESULTS NET ASSET VALUE PER SHARE IS $1.39

Strategem Capital Corp. has released its financial results for the three and six months ended June 30, 2026. Strategem reports all amounts in Canadian dollars.

Corporate commentary

• The company's net asset value per share was $1.39 at June 30, 2026, compared with $1.19 at Dec. 31, 2025. Common shares last traded at 89 cents on July 17, 2026.
• At June 30, 2026, the company had deployed 98 per cent of its capital in short-term investments and held cash of $200,000.
• During the three month and six months ended June 30, 2026, the company recorded total revenue of $700,000 and $2.0-million, respectively. The revenue consists of interest, dividend and other income of $60,000 and $100,000, net realized gain on sale of investments of $80,000 and $80,000, and unrealized gain on investments of $500,000 and $1.8-million.
• The net income for the three and six months ended June 30, 2026, was $600,000 (earnings per share of seven cents) and $1.8-million (earnings per share of 20 cents), respectively, compared with net income of $800,000 (earnings per share of nine cents) and $200,000 (earnings per share of two cents) for the prior-year comparable period.
• In April, 2026, the company regained compliance with the minimum distribution requirement of the exchange (Policy 2.5, Section 2.1), having previously disclosed its non-compliance on Oct. 28, 2025. The company now meets the Exchange's minimum number of public shareholders holding board lots, thereby remedying the prior deficiency.

The reported earnings include unrealized mark-to-market values in the company's investment portfolio. The value of the company's investments and the income derived from investments will fluctuate. The company's objective is to own and manage high-growth businesses in resource exploration and development, mining, energy production, and agriculture. Management continues to explore prospective businesses and may take advantage of opportunities stemming from recent market volatility.

Current results may not be indicative of the future or likely performance of any investment.

The company's most recent financial statements are available under the company's SEDAR+ profile.

We seek Safe Harbor.