Mr. Wade Dawe reports

TORRENT CAPITAL REPORTS PRELIMINARY Q1 2026 FINANCIAL RESULTS AND NET ASSET VALUE (NAV)

Torrent Capital Ltd. has released its preliminary, unaudited financial results for the first quarter (Q1) ended March 31, 2026. The company reported an estimated net asset value (NAV) of $28.4-million or approximately 74 cents per share as at March 31, 2026.

Q1 2026 preliminary financial highlights (unaudited)

Net asset value:  $28.4-million or 74 cents per share, compared with $32.5 million or 85 cents per share at Dec. 31, 2025

Cash and cash equivalents:  $700,000, compared with $1.6-million at Dec. 31, 2025

Realized investment gains:  $400,000 in net realized gains, equivalent to one cent per share (Q1 2025 -- $400,000 or one cent per share)

Performance drivers:  Equity markets experienced increased volatility during the first quarter, driven in part by macroeconomic uncertainty and sector level rotations. The change in NAV reflects adjustments in valuations across the portfolio, including the realization of gains on certain investments, as well as a reduction of previously recognized unrealized gains in the portfolio.

Active portfolio management:  Torrent continued to employ option writing strategies on select equity holdings, generating incremental cash flows during the period.

"During the quarter, our portfolio was impacted due to evolving market conditions," said Wade Dawe, chief executive officer of Torrent Capital. "While increased market volatility can impact unrealized gains from quarter to quarter, we remain confident in our positioning and strategy over the mid- to long term."

NAV per share and all per-share figures are calculated based on common shares outstanding at the applicable reporting dates. The number of common shares outstanding may vary between periods.

Cautionary note on preliminary results

The financial information presented in this news release is preliminary and unaudited and is subject to change following the completion of the company's standard closing procedures and review. Final results will be included in the company's unaudited financial statements and MD&A (management's discussion and analysis) for the quarter ended March 31, 2026, which will be filed on SEDAR+ on or before May 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.

We seek Safe Harbor.