Pinetree Capital Ltd Releases Q2 2025 Unaudited Financial Results

Pinetree Capital Ltd. has reported its unaudited financial results for Q2 2025. As of June 30, 2025, the company's total assets stood at $87,820k, an increase from $78,270k at the end of 2024. Total liabilities rose to $1,129k, compared to $571k previously. Consequently, the company's book value increased from $77,699k to $86,691k, boosting the book value per share (BVPS) from $8.28 to $9.24, a year-to-date rise of 12%.

The equity investments at fair value were $82,127k, representing 95% of the book value, up from $73,077k or 94% at the end of 2024. Expenses for the past twelve months were $1,379k, amounting to 1.6% of the book value, higher than the $676k and 1.2% ratio from the previous year.

For Q2 2025, net investment losses totaled $1,985k, with other income increasing to $1,072k from $173k in Q2 2024. The net income showed a loss of $1,684k for the period, translating to a loss per share of $0.18.