BIGG Digital Assets Inc. Reports Financial Results for Q3 2025

Financial Performance - BIGG Digital Assets Inc. reported a gross operating revenue of CAD 3.29 million for Q3 2025, with CAD 2.73 million from Netcoins and CAD 0.56 million from Blockchain Intelligence Group, marking a year-over-year increase of 56% for Netcoins and 37% for BIG [6] - Netcoins generated CAD 2.73 million in revenue, up from CAD 1.74 million in 2024, with a transaction revenue of CAD 2.7 million, reflecting a 55% year-over-year increase [6] - BIG recorded a strong gross margin of 90% in Q3 2025, compared to 85% in 2024 [6] - The company reported a net income of CAD 1.42 million in Q3 2025, a significant turnaround from a net loss of CAD 12.1 million in Q3 2024 [6] - Operating expenses decreased to CAD 4.8 million from CAD 7.7 million in Q3 2024, contributing to a year-to-date net loss of CAD 2.32 million, down from CAD 14.43 million in 2024 [6] Netcoins Platform Metrics - As of September 30, 2025, Netcoins' Assets Under Custody (AUC) reached CAD 239.5 million, an increase of CAD 38.1 million or 19% year-over-year [6] - The AUC also increased by CAD 51.75 million or 28% from Q2 2025, indicating a notable trend reversal [6] - Active users on the Netcoins platform reached 9,378, reflecting a 17% year-over-year increase, although there was a seasonal decline of 10% from Q2 2025 [6] Regulatory Developments - Netcoins announced a two-year extension to its exemptive relief decision granted by the British Columbia Securities Commission, with plans to submit applications to become a registered investment dealer [12] Balance Sheet - As of September 30, 2025, BIGG held approximately CAD 21.5 million in cash and crypto assets, with no debt reported [13] TerraZero Developments - TerraZero is continuing the development of Intraverse, a gamified social platform that offers users customizable virtual environments for various activities, including monetization opportunities for artists and brands [7]