Core Insights - DeFi Technologies Inc. reported strong financial performance for Q2 2025, with significant growth in revenue, adjusted EBITDA, and net income, reflecting robust operational performance and investor demand [6][8][11] Financial Highlights - The total value of cash and digital asset treasury stood at US$52.4 million as of June 30, 2025, with a diversified mix to manage volatility and capitalize on market opportunities [3] - Adjusted revenue for Q2 2025 was US$32.1 million, up from US$25.3 million in Q2 2024, driven by staking income, management fees, and a significant arbitrage trade [6][11] - Adjusted EBITDA reached US$21.6 million, compared to a negative US$2.5 million in Q2 2024, indicating strong profitability from core operations [6][11] - Adjusted net income was US$17.4 million, a significant improvement from a loss of US$6.1 million in Q2 2024 [6][11] AUM & Net Inflows - Valour's assets under management (AUM) were approximately US$772.8 million as of June 30, 2025, increasing to US$947 million by July 31, 2025, reflecting a 23% month-over-month growth [4][6] - Positive net inflows of US$25 million were recorded for the three months ended June 30, 2025, with total inflows of US$77.4 million for the first half of 2025 [4][6] Strategic and Business Developments - Leadership changes included the appointment of Andrew Forson as President and Chief Growth Officer, and Dr. Manfred Knof as Chairman of Valour, enhancing institutional relationships [5] - The company raised its 2025 revenue guidance to approximately US$218.6 million, driven by strong performance in asset management and favorable market conditions [6][11] - DeFi Technologies has added 78 institutional shareholders since early July, bringing the total to 84, collectively holding over 31 million shares [10] Product and Market Expansion - Valour launched 14 new ETPs during the quarter, expanding its Nordic presence and aiming for 100 total listings by year-end [12][15] - The company is expanding into African capital markets with the Kenya Digital Exchange (KDX) and entering the Turkish market with regulated ETPs [12][16] - Stillman Digital is enhancing its institutional trading capabilities through strategic hires and partnerships, focusing on foreign exchange and stablecoin services [21][22] Performance of Subsidiaries - Stillman Digital generated US$6.1 million in revenue since its acquisition, with a focus on expanding its global reach and trading capabilities [20][21] - Neuronomics AG advanced its AI-powered trading strategy, SmartCrypto, and secured a validator node in the Canton Network, enhancing its market position [36][37] - Reflexivity Research expanded its distribution channels and updated its product offerings to better align with market demand [40][41]
DeFi Technologies Inc. Announces Q2 2025 Financial Results: Adjusted Revenues of US$32.1 million, Adjusted EBITDA of US$21.6 million, Adjusted Net Income of US$17.4 million, and Notable Strategic Developments