Ms. Jo-Anne O'Connor reports

STRATEGEM CAPITAL REPORTS THIRD QUARTER 2025 FINANCIAL RESULTS

Strategem Capital Corp. has released its financial results for the three and nine months ended Sept. 30, 2025.

Corporate commentary:

• At Sept. 30, 2025, the company had deployed 93 per cent of its capital in short-term investments and held cash of $800,000.
• During the three and nine months ended Sept. 30, 2025, the company recorded total revenue of $600,000 and $1.1-million, respectively. The revenue consists of unrealized gain on investments of $600,000 and $1.1-million, and interest, dividends and other income of $100,000 and $200,000, offset by losses on sale of investment of $10,000 and $100,000, respectively.
• The net income for the three and nine months ended Sept. 30, 2025, was $600,000 or earnings per share of six cents and $700,000 or earnings per share of eight cents, respectively, compared with net loss of $25,000 or loss per share of nil and earnings of $600,000 or earnings per share of seven cents for the prior-year comparable periods.
• During the three and nine months ended Sept. 30, 2025, there were no shares purchased under the approved normal course issuer bid. The NCIB expired on Oct. 14, 2025.
• 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.

The reported earnings include unrealized mark-to-market values in the company's short-term trading portfolio. The value of the company's investments and the income derived from investments will fluctuate. 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.