1. Canada Stocks

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    Financial Services

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    Financial - Capital Markets
Pinetree Capital Ltd.

Pinetree Capital Ltd.

PNP.TO
Pinetree Capital Ltd.CA flagToronto Stock Exchange
9.28
CAD
- -
- -
87.11MMarket Cap
Pinetree Capital Ltd.
PNP.TO
(Toronto Stock Exchange)

Recent

price

9.28

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
392.92
-337.83
-134.6
-92.27
-25.45
-17.66
-5.51
-0.26
-0.37
0.49
0.38
0.3
0.22
0.71
3.55
1.27
3.19
Revenue per Share
303.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.32
Basic EPS, GAAP
-10.99
-71.87
0.05
9.93
-6.76
38.17
2.25
-1.45
-0.06
-0.21
-1.12
-1.43
-0.41
-0.41
0.32
0.05
0.3
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
278.32
254.79
106.99
-8.41
-45.57
-72.94
-47.53
-24.27
-18.76
-18.37
-19.7
-9.16
-7.3
-6.69
-3.25
-2.19
-2.29
Book Value per Share
659.2
360.27
215
94.58
39.46
15.58
5.19
4.94
3.25
3.64
4.22
5.05
4.22
4.83
8.28
9.33
9.24
Tangible Book Value per Share
1
1
1
1
1
1
2
4
5
5
5
8
9
9
9
9
9
Basic Weighted Avg Shares
385
-333
-133
-97
-33
-22
-11
-1
-2
2
2
2
2
7
33
12
30
Sales/Revenue/Turnover
88.23
- -
114.74
116.96
175.66
150.36
133.7
- -
- -
- -
- -
- -
- -
- -
- -
- -
35.65
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
298
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
31
Net Income, GAAP
12.99
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.76
0.88
- -
0.26
0.11
5.92
1.39
Effective Tax Rate (%)
77.21
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
104.1
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
68
69
49
55
10
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
647
356
212
99
51
20
11
18
16
18
19
38
40
45
78
88
87
Total Equity
53.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
14.81
Return on Invested Capital (%)
162.6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-84.1
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
103
141
158

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
5
4
6
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
1
1
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.53%
40.56%
12.72%
Free Cash Flow
2.82%
-42.34%
-85.37%
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
27.3%
116.36%
-64.17%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11
-1
5
18
33
2025
8
-1
-1
- -
12
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.18
-0.1
0.51
- -
- -
2025
1.14
-0.18
- -
- -
- -
2026
-2.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Pinetree Capital Ltd. is a value-oriented investment and merchant banking company focused on early to later stage investments in micro and small-cap companies, primarily in the technology, resource, and healthcare sectors; it provides equity investments, debt and convertible securities, financial advisory services, and merchant banking activities targeting providers of mission-critical software and services in niche markets with established intellectual property. The company maintains a concentrated portfolio of typically 8-12 investments, with equity positions representing 7% to 12% of assets that may exceed 20%, alongside holdings in cash, cash equivalents, and amounts due from brokers; it takes minority stakes in enterprise software, financial services, and healthcare businesses across the USA, Canada, and Europe. Founded in 1992 and headquartered in Toronto, Canada, Pinetree operates primarily within a single reportable geographic segment in Canada while pursuing global opportunities. In recent developments, Pinetree Capital, through its Pinetree Income Partnership, acquired approximately 110,176 shares of TruBridge Inc. common stock for $3.06 million across transactions in February 2025, increasing its total ownership to 729,176 shares and underscoring continued interest in healthcare technology providers. The company reported net investment gains of $1,854 for the three months ended September 30, 2025, compared to $4,966 in the prior year period, and announced unaudited financial results for the period ended June 30, 2025, reflecting ongoing portfolio management amid small-cap market dynamics.