Quinsam Capital (QCA) investor relations material

Executive summary

• Achieved the strongest quarter in recent periods, with net income for Q1 2026 at $1.4 million ($0.015 per share), up from $0.2 million ($0.002 per share) in Q1 2025, and over CAD 1 million added to NAV, now nearing CAD 0.12 per share.

• Positive performance from portfolio companies including Nevada Organic Phosphate Inc., EDM Resources, and Saturn Oil & Gas.

• Anticipates Peninsula Capital Corp. will go public via direct listing by end of June quarter, shifting over $0.01 per share from private to public portfolio.

Financial highlights

• NAV increased by over CAD 1 million in Q1, reaching nearly CAD 0.12 per share, with net assets at March 31, 2026, at $0.117 per share outstanding.

• EDM Resources investment yielded an approximate eightfold return, with shares purchased at CAD 0.11 now trading around CAD 0.50.

• More liquid investments (cash, public equities, derivatives) total approximately $0.06 per share.

• Shares continue to trade at a steep discount to NAV.

• Exited oil and gas exposure after gains from Saturn Oil & Gas following oil price surge.

Outlook and guidance

• Second quarter is tracking positively, with NAV up several hundred thousand CAD since Q1 end and notable increases in share prices of EDM Resources, Nevada Organic Phosphate, and Deep Sea Minerals.

• Anticipates a significant event with the upcoming listing of Peninsula, a major holding, expected to impact NAV.

• Additional smaller investments (Longview Gold, Pelican AI, Bond Intelligence) expected to have positive but not material impact.

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