Mr. Wade Dawe reports

TORRENT CAPITAL REPORTS FINAL Q3 2026 FINANCIAL RESULTS AND NET ASSET VALUE

Torrent Capital Ltd. has released its final unaudited financial results for the third quarter ended Sept. 30, 2026. The company reported a net and comprehensive loss of $4.5-million, or 12 cents per share, for the third quarter. At Sept. 30, 2026, the company's net asset value (NAV) was $28.6-million, or 75 cents per share, compared with $33.1-million, or 87 cents per share, at June 30, 2026.

Q3 (third quarter) 2026 financial highlights (unaudited)

Net and comprehensive loss:  $4.5-million, equivalent to 12 cents per share, compared with an income of $4.7-million or 13 cents per share in Q3 2025

Realized investment gains:  $4.1-million in net realized gains, equivalent to 11 cents per share

Net asset value:  $28.6-million, or 75 cents per share, compared with $33.1-million, or 87 cents per share, at June 30, 2026, and $33.5-million, or 88 cents per share, at Sept. 30, 2025

Cash and cash equivalents:  $4.7-million at Sept. 30, 2026, compared with $6.9-million at June 30, 2026, and $1.7-million at Dec. 31, 2025

Market pressure and heightened volatility weighed on portfolio valuations during the third quarter, contributing to the decline in NAV (net asset value). Alongside realized investment gains, Torrent generated cash flow through option writing to help offset operating costs.

At the present time, Torrent is actively evaluating high-potential new business opportunities and investments. Due diligence on these opportunities is expected to involve increased costs and professional fees over the next three to four quarters, as the company assesses their potential.

"Our investment horizon extends beyond this downturn and we see substantial growth potential in our portfolio holdings," says Wade Dawe, chief executive officer of Torrent Capital. "Our business development work reflects that same outlook, as we commit resources to evaluating high-impact opportunities with the aim of building value for Torrent shareholders."

NAV per share and realized investment gains per share are calculated based on common shares outstanding at the applicable reporting dates. Earnings per share is calculated using the weighted-average number of common shares outstanding during the applicable period.

Cautionary note on financial results

The financial figures presented in this news release are derived from the company's unaudited condensed interim consolidated financial statements for the three and nine months ended Sept. 30, 2026. Readers are advised to review the company's unaudited condensed interim consolidated financial statements and management's discussion and analysis (MD&A), which have been filed on SEDAR+.

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.