Mr. Wade Dawe reports

TORRENT CAPITAL PROVIDES PRELIMINARY JULY PORTFOLIO AND NET ASSET VALUE (NAV) UPDATE

Torrent Capital Ltd. has provided its July, 2026, portfolio update and estimated net asset value. As at July 31, 2026, the company reported an estimated NAV of $30.6-million, or approximately 80 cents per share.

July portfolio performance highlights:

• Net asset value: approximately $30.6-million, or 80 cents per share, as at July 31, 2026, compared with approximately $33.1-million, or 87 cents per share, as at June 30, 2026;
• Cash and cash equivalents: Torrent had $3.2-million in cash and cash equivalents as at July 31, 2026, compared with $6.9-million as at June 30, 2026.

"The month of July saw weakness across the high-growth technology sector," said Wade Dawe, chief executive officer of Torrent. "We are maintaining a healthy cash balance and remain confident in our positioning."

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 July, 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 July results will be included in the company's unaudited financial statements and management's discussion and analysis for the quarter ended Sept. 30, 2026, that will be filed on SEDAR+ on or before Nov. 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 expected 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.