Mr. Wade Dawe reports

TORRENT CAPITAL REPORTS Q1 2026 FINANCIAL RESULTS; PROVIDES PRELIMINARY APRIL NET ASSET VALUE (NAV) AND PORTFOLIO UPDATE

Torrent Capital Ltd. has released its unaudited financial results for the first quarter ended March 31, 2026, along with an update on its portfolio performance for the month of April, 2026. The company reported an estimated net asset value (NAV) of $27.8-million, or approximately 73 cents per share as at April 30, 2026.

Q1 2026 financial highlights (unaudited)

Net asset value:  $28.3-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)

Loss per share:   11 cents per share compared with seven cents per share in Q1 2025

"The final Q1 results reflect a challenging quarter shaped by a volatile market backdrop, particularly in the software sector as valuation multiples compressed," said Wade Dawe, chief executive officer of Torrent Capital. "April was a steadier period for the portfolio, and we continued to position Torrent to pursue growth opportunities aligned with our long-term investment strategy."

April portfolio performance highlights

Net asset value:  $27.8-million, or 73 cents per share

Cash and cash equivalents:  $600,000 in cash at month-end

Performance drivers:  April results were relatively stable. The modest change in NAV reflected mixed performance across the company's investment portfolio while option-writing strategies continued to generate incremental cash flow during the month.

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 April, 2026, financial information presented in this press release is preliminary and unaudited and is subject to change following the completion of the company's standard closing procedures and review. Final April results will be included in the company's unaudited financial statements and management discussion and analysis for the quarter ended June 30, 2026, which will be filed on SEDAR+ on or before Aug. 28, 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.