Fri, May 9, 3:15 PM (2 days ago)
**Ceres Tactical Commodity L.P. (Ticker: N/A) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $1,163,748 (down from $1,778,365 in Q1 2024) - **Net Income:** $3,925,347 (up from $3,428,458 in Q1 2024) - **Total Assets:** $126,412,501 (down from $132,652,147 in Q1 2024) - **Total Liabilities:** $3,520,202 (down from $9,456,900 in Q1 2024) - **Partners’ Capital:** $122,892,299 (down from $123,195,247 in Q1 2024) **Profit Margins:** - **Net Margin:** Approximately 33.68% (up from 24.89% in Q1 2024) **Cash Flow:** - **Interest Income:** $1,034,368 (down from $1,473,497 in Q1 2024) - **Total Expenses:** $1,368,065 (down from $2,012,791 in Q1 2024) **Earnings Changes:** - **Net Trading Results:** $4,129,664 (up from $3,662,884 in Q1 2024) **Quarterly Performance Discussion:** - **Net Asset Value (NAV) per Unit:** - **Class A:** $2,711.81 (up from $2,627.20 in Q1 2024) - **Class D:** $2,150.38 (up from $2,083.28 in Q1 2024) - **Class Z:** $2,262.67 (up from $2,187.95 in Q1 2024) - **Total Trading Results:** $4,129,664 (up from $3,662,884 in Q1 2024) - **Net Income (Loss):** $3,925,347 (up from $3,428,458 in Q1 2024) **Trends & Uncertainties:** - **Market Volatility:** Commodity markets remain highly volatile, with significant price fluctuations. - **Geopolitical Risks:** Ongoing conflicts and sanctions may impact global economic conditions and commodity prices. - **Interest Rates:** Lower interest rates contributed to a decrease in interest income. **Future Operations Impact:** - **Redemptions:** Future redemptions can impact the amount of funds available for direct investments and investment in the Funds. - **Subscriptions:** New subscriptions can increase the capital base for trading activities. **Key Metrics:** - **Value at Risk (VaR):** The Partnership's total VaR was $10,930,654, representing 8.89% of total capitalization. - **Trading Gains/Losses:** Notable gains in metals, energy, and grains sectors, with losses in livestock and soft commodities. **Conclusion:** Ceres Tactical Commodity L.P. demonstrated improved net income and trading results in Q1 2025 despite a decrease in total assets and interest income. The Partnership continues to navigate market volatility and geopolitical risks, with a focus on commodity trading across various sectors. Future performance will depend on market conditions, trading strategies, and the ability to manage risks effectively.