Pinetree Capital (PNP) Q2 2026 earnings summary

Executive summary

• Reported net investment gains of $14,088 for Q2 2026, compared to losses of $1,985 in Q2 2025, driven by realized and unrealized gains on investments.

• Net income for Q2 2026 was $13,979, a significant turnaround from a net loss of $1,684 in Q2 2025.

• Earnings per share for Q2 2026 were $1.49, up from a loss of $0.18 per share in Q2 2025.

• Book value per share decreased to $8.80 as of June 30, 2026, from $9.33 at December 31, 2025.

• Management changes announced: Shezad Okhai appointed President effective August 3, 2026.

Financial highlights

• Total assets increased to $96,748 as of June 30, 2026, from $89,394 at December 31, 2025.

• Equity declined to $82,563 as of June 30, 2026, from $87,586 at December 31, 2025.

• Quarterly expenses for Q2 2026 were $474, representing 0.6% of book value.

• Other income for Q2 2026 was $112, down from $1,072 in Q2 2025, mainly from lower dividend and interest income.

Outlook and guidance

• Forward-looking statements caution that actual results may differ significantly due to risks and uncertainties.

• No guarantees of future performance; assumptions and expectations reflect current views as of the release date.