Mr. Wade Dawe reports

TORRENT CAPITAL ANNOUNCES NOVEMBER PORTFOLIO AND NET ASSET VALUE (NAV) UPDATE

Torrent Capital Ltd. has provided its portfolio and net asset value (NAV) update for November, 2025. The results highlight management's disciplined approach to capital management which resulted in the continued strengthening of the company's balance sheet.

November portfolio performance highlights

Net asset value: NAV remained relatively unchanged from the previous month at $33.3-million ($33.7-million October) or 87 cents per share.

Cash position: Cash and cash equivalents rose by $2.7-million from the prior month, reaching $8.6-million at month-end, up from $5.9-million.

Performance drivers: NAV remained stable during a month of mixed equity market performance, with gains from Lemonade Inc. that were in part offset by weakness in Kneat.com Inc.

Active portfolio management: Torrent completed its disposition of solana while it enhanced portfolio returns through option writing strategies on select equity positions.

During the period, Torrent continued to streamline its holdings by exiting underperforming positions and monetizing investments believed to have reached their expected upside. These actions contributed to Torrent's month-end increase in cash reserves.

"Our strong cash balance provides Torrent with flexibility to pursue selective new investments," said Wade Dawe, chief executive officer. "We remain focused on deploying capital where we see opportunities that align with our investment strategy."

Cautionary note on preliminary results

The November, 2025, financial figures presented in this release are preliminary, unaudited results and are subject to change following the completion of the company's standard closing procedures and review. Final November results will be included in the company's audited financial statements and MD&A (management's discussion and analysis) for the year ended Dec. 31, 2025, that will be filed on SEDAR+ on or before April 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 providing transparency, daily liquidity and a modest fee profile compared with competing investment products.

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