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Pinetree Capital (PNP) investor relations material
Pinetree Capital Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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.
- Q1 2026 saw a net loss and lower BVPS, but a takeover offer post-quarter improved outlook.PNP
Q1 2026 - Book value per share climbed 22% YTD, despite a Q2 net loss of $970,000.PNP
Q2 2024 - Q3 2024 delivered strong net income and book value growth, with a new CIO appointed.PNP
Q3 2024 - Book value per share grew 13% year-over-year, but net income and gains fell sharply.PNP
Q4 2025 - Book value per share rose 14% year-to-date, despite lower Q3 net income and investment gains.PNP
Q3 2025 - Book value per share rose 12% YTD, but Q2 2025 ended with a net loss and higher investment losses.PNP
Q2 2025 - Book value per share jumped 14% to $9.41, but market volatility is pressuring gains.PNP
Q1 2025 - Net income and book value per share soared in 2024 on robust investment gains.PNP
Q4 2024
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