Stack Capital Group (STCK) Corporate presentation summary

Investment proposition

• TSX-listed shares provide accredited and non-accredited investors access to growth and late-stage pre-IPO investments, with trading liquidity and eligibility across registered and non-registered accounts.

• Permanent-capital structure avoids fund-life forced selling and redemption risk; portfolio positions and valuations are reviewed quarterly.

• Investment approach targets businesses with strong relative growth, balance sheets and management, and attractive valuations; investments may include preferred or common equity and convertible debt.

• Deal sourcing spans primary and secondary transactions, including follow-on rights, tender offers, and liquidity-driven sales by individuals, funds, founders or angels.

Portfolio snapshot

• At Sep. 30, 2026, largest positions were SpaceX 33.8%, Fluidstack 10.2%, Crusoe 9.4%, Prometheus 8.2% and Canva 6.1%; cash was 4.9%.

• Portfolio exposure spans space communications, AI infrastructure, physical AI, data analytics, design software, travel, cybersecurity, robotics, energy and other sectors.

• Book value per share was $19.90 at Sep. 30, 2026; excluding cash, $18.93. TSX closing price was $17.10 on Oct. 30, 2026.

• As of Jun. 30, 2026, 15,649,814 common shares and 1,612,587 warrants were outstanding; cash and equivalents were C$15.2M. Fees: 1.5% management and 15% performance.

Selected portfolio company metrics

• SpaceX reported Q3 2026 revenue of $14.6B and operating income of $2.8B; Starlink had 13.6M subscribers across 160 countries and Q3 revenue of $5.25B, up 69% YoY.

• SpaceX’s super-intelligence segment generated Q3 2026 revenue of $7.6B, up 195% from Q2, and operating profit of $431M; cloud services agreements were the main revenue acceleration driver.

• Fluidstack raised US$830M at a US$7.5B valuation in Jan. 2026 and had 100,000+ GPUs under management; it was selected for Anthropic data-center development as part of a US$50B infrastructure investment.

• Databricks reported $7B+ ARR, 80%+ YoY ARR growth, ~75% gross margin and >140% net retention as of June 2026; it achieved positive free cash flow over the prior 12 months.

• Canva reported $4B+ annualized revenue, 265M+ monthly active users and estimated use by 90% of Fortune 500 enterprises.