Pinetree Capital Reports Strong Financial Results for 2024

Pinetree Capital Ltd announced its audited financial results for the year ended December 31, 2024, revealing significant growth in key financial metrics. The company's total assets rose to $78,270, up from $45,749 in 2023, and its book value per share (BVPS) increased by 71%, reaching $8.28 from $4.83. Equity investments at fair value represented 94% of the book value, compared to 85% in the previous year.

During 2024, Pinetree achieved net investment gains of $33,084, substantially higher than the $6,055 recorded in 2023. Net income climbed to $32,546, reflecting a substantial jump from $5,753 the previous year. Earnings per share increased from $0.61 to $3.47. Total expenses were reported at $949, or 1.2% of the book value, down from $896, or 1.9%, in 2023.

This comprehensive financial performance underscores Pinetree's growth in value and effective investment strategies over the year.