TORONTO, November 25, 2025 (GLOBE NEWSWIRE) — Fountain Active Corp.. (TSXV:FA) (“Fountain” or the “Company”) is pleased to announce its financial results for the three and nine months ended September 30, 2025 (the “Company”)Q3/25“).
Key events for the three months ended September 30, 2025:
- Net asset value was $8.56 million ($0.13/share) at September 30, 2025, compared to $8.58 million ($0.13/share) at June 30, 2025, representing no change for the quarter on a per share basis. Net worth is calculated as the value of total assets minus the value of total liabilities;
- Net comprehensive loss of $0.03 million compared to net comprehensive loss of $0.71 million for the quarter ended September 30, 2024 (“Q3/24“);
- Total income from investing activities was $0.42 million compared to a loss of $0.43 million for the third quarter of '24;
- Net realized gain on the sale of portfolio investments was $1.48 million, compared to net realized gain of $0.06 million for the third quarter of '24;
- Net unrealized losses on portfolio investments of $1.07 million compared to net unrealized losses of $0.50 million for 3Q24;
- Total expenses were $0.44 million, compared to $0.28 million in the third quarter of '24; And
- Operating expenses were $0.14 million compared to $0.26 million in the third quarter of '24.
Key events for the nine months ended September 30, 2025:
- Net asset value was $8.56 million ($0.13 per share) at September 30, 2025, compared to $5.51 million ($0.09 per share) at December 31, 2024, representing a 44% year-to-date increase on a per share basis. Net worth is calculated as the value of total assets minus the value of total liabilities;
- Net comprehensive income of $3.03 million for the nine months ended September 30, 2025 compared to net comprehensive loss of $1.65 million for the nine months ended September 30, 2024;
- Total investment income was $4.07 million compared to a total loss of $0.98 million for the nine months ended September 30, 2024;
- Net realized gains on the sale of portfolio investments were $3.24 million compared to net realized losses of $0.08 million for the nine months ended September 30, 2024;
- Net unrealized gains on portfolio investments were $0.74 million compared to net unrealized losses of $0.90 million for the nine months ended September 30, 2024;
- Total expenses were $1.02 million, compared to $0.67 million for the nine months ended September 30, 2024; And
- Operating expenses were $0.43 million, compared to $0.65 million for the nine months ended September 30, 2024.
During the third quarter of '25, the Company realized a gain of $1.48 million on the sale of certain portfolio investments. The company saw an increase in its portfolio of publicly traded companies as a result of higher trading prices for certain investments in the technology and mining sectors.
The Company continued to maintain low operating expenses in the third quarter of '25, which further strengthened the Company's financial position. As of September 30, 2025, the Company's net assets were estimated at $8.56 million, or $0.13 per share, compared to $5.51 million, or $0.09 per share, at December 31, 2024.
Andrew Parks, Fountain's CEO, stated: “In the third quarter of '25, Fountain continued to generate realized gains while maintaining low operating expenses. Fountain is focused on building an investment portfolio with liquid assets that reflect trends in growth industries. As we continue to align our portfolio with our strategic objectives, we believe Fountain will prosper and continue to generate significant returns on its investments.”
A complete set of unaudited financial statements for the third quarter of 2025 and management's discussion and analysis are available on SEDAR+.
About Fountain Asset Corp.
Fountain Asset Corp. is a commercial bank that provides equity financing, bridge lending services (asset recovery/secured financing) and strategic financial advisory services to companies in many industries, such as marijuana, oil and gas, mining, real estate, manufacturing, retail, financial services and biotechnology.
Forward-Looking Statements
This press release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of Canadian securities legislation, including, without limitation, statements regarding the Company's future investments. All statements other than statements of historical fact are forward-looking statements. Often, but not always, these forward-looking statements can be identified by the use of words such as “believe,” “believes,” “estimate,” “estimate,” “anticipated,” “potential,” “open,” “future,” “anticipated,” “projected,” “used,” “detailed,” “was,” “reflective,” “containing,” “remaining,” “will,” “periodic,” or statements that events “may” or “shall” occur or be achieved and similar expressions, including negative variations.
You should not place undue reliance on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions and are subject to known and unknown risks and uncertainties (both general and specific) that may cause actual results to differ materially from any estimates or forecasts expressed or implied by such statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, there can be no assurance that they will prove to be accurate.
The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements included herein, except as required by applicable law. Forward-looking statements contained herein are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, contact Andrew Parks at (416) 456-7019 or visit the Fountain Asset Corp. website. at www.fountainassetcorp.com.
