G2D Investments returned to profit in the first nine months of 2025, reversing a loss in the same period last year, as improved portfolio valuations outweighed higher financing costs and ongoing liquidity pressure.

The Bermudian-listed fintech investment company reported net income of $5.1 million for the nine months to September 30, compared with a $4.9 million loss in the corresponding period of 2024, according to unaudited interim results. Earnings per share swung to 4 cents, from a loss of 4 cents a year earlier.

The turnaround was driven primarily by $8.4 million in unrealised gains across its private equity portfolio, reversing a $13.5 million unrealised loss recorded in the prior-year period. By contrast, realised results were negative, with $858,000 in realised losses.

G2D is listed on the Bermuda Stock Exchange and the B3 in Brazil, with offices at 16 Burnaby Street in Hamilton, and invests in innovative and high-growth companies in Brazil, the United States and Europe.

The latest figures extend a trend from earlier this year, when G2D reported a return to profitability at the half-year stage after a difficult 2024 marked by valuation write downs and market volatility. While portfolio values have continued to recover through the third quarter, the pattern remains uneven.

Despite the return to profit, operating cashflow remained negative, and total borrowings rose to $8.5 million as capital commitments and management fees persist.