Quinsam Capital (QCA) investor relations material

Executive summary

• Achieved a profitable second quarter with net income of $0.4 million ($0.004 per share) in Q2/2026, reversing a net loss of $0.2 million ($0.002 per share) in Q2/2025.

• Continued share buybacks, tightening the float, with 983,000 shares repurchased in Q2/2026 and over 20 million shares cancelled since 2018.

• Portfolio saw limited buy/sell activity, but cash reserves are ready for deployment.

• Several portfolio companies, including EDM Resources and Deep Sea Minerals, performed well during the quarter.

• Anticipates Peninsula Capital Corp. will go public in August, moving over $0.01 per share from private to public portfolio.

Financial highlights

• Net assets stood at $0.124 per share as of June 30, 2026.

• Modest net asset value (NAV) increase projected for Q3, estimated at CAD 0.2–0.3 as of the call date.

• More liquid investments, including cash and public equities, exceeded $0.06 per share.

• Share repurchases executed at significant discount to NAV, reflecting management's confidence in value; shares continue to trade at a steep discount to NAV.

Outlook and guidance

• Q3 outlook is modestly positive, with anticipated gains from the listing of Peninsula Capital and improvements in holdings like EDM Resources, BluMetric, and Reflex.

• Expects additional go-public transactions from Pelican AI, Longview Gold, and Bond Intelligence (also referred to as Bon Intelligence), with positive NAV impact anticipated.

• Continues to seek a value-creating transaction, with patience emphasized for finding high-quality opportunities.

• No imminent significant transactions, but ongoing optimism for portfolio growth.