Pinetree Capital Ltd Reports Financial Results and Management Change

Pinetree Capital Ltd. released its unaudited financial results for the first quarter of 2025, reporting an increase in total assets to $88,942,000 from $78,270,000 at the end of 2024. The company's book value per share rose 14% to $9.41. Equity investments comprised 96% of book value, totaling $84,687,000. Expenses for the 12 months ending March 31, 2025, were $1,189, reflecting a decrease in expense ratio to 1.3% from 1.4% in the previous year.

Net investment gains for Q1 2025 were $11,068, slightly lower than the $11,118 reported for the same period in 2024. Other income fell to $41 compared to $176 in Q1 2024. Earnings per share were $1.14, down from $1.18.

Concurrently, Chief Investment Officer Shezad Okhai announced a leave of absence to serve as interim CEO of Bravura Solutions Limited.