An anonymous director reports

WILMINGTON CAPITAL MANAGEMENT INC. REPORTS SECOND QUARTER AND YEAR TO DATE 2025 RESULTS

Wilmington Capital Management Inc. has released its second quarter and year-to-date 2025 financial results, and provided an operational update.

For the three and six months ended June 30, 2025, the corporation reported a net loss of $300,000 or two cents per share, and $400,000 or three cents per share, compared with a net loss of $10,000 or one cent per share, and a net income of $1.2-million or nine cents per share for the same periods in 2024, respectively.

Outlook

Beginning in August, 2023, the corporation took steps to monetize a significant number of its investments in order to unlock the embedded value that had been substantially realized, simplify its business and return capital to its shareholders. As at June 30, 2025, the corporation had approximately $34-million of cash on hand and an 18-per-cent ownership interest in Bay Moorings Marina Holdings LP, which owns land in Ontario being redeveloped into 50 residential sites and a condo having approximately 90 units.

The corporation continues to review a range of alternatives aimed at providing liquidity to shareholders and maximizing the value of its public platform.

About Wilmington Capital Management Inc.

Wilmington is a Canadian investment company, the principal objective of which historically was to seek out investment opportunities in the alternative asset classes that provided shareholders with capital appreciation over the longer term as opposed to current income returns. The corporation invested its own capital alongside partners and co-investors, in hard assets and private equity funds, and managed these assets through operating entities. Further information relating to the corporation may be found on SEDAR+ and on the corporation's website.

We seek Safe Harbor.