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BIGG Digital Assets Reports H1 2025 Results: Netcoins Growth Fuels Improved Financial Performance
Globenewswireยท 2025-09-17 13:00
Core Insights - BIGG Digital Assets Inc. reported financial results for the first half of 2025, highlighting significant growth in revenue and improvements in net loss compared to the previous year [1][8][10] Financial Performance - Q2 2025 revenue reached CAD $2.66 million, an increase from CAD $2.40 million in Q2 2024 - H1 2025 revenue totaled CAD $5.38 million, compared to CAD $4.62 million in H1 2024 - Net loss narrowed to CAD $0.12 million in Q2 2025, a significant improvement from a CAD $5.01 million net loss in Q2 2024 - Loss per share improved to CAD $(0.01) from CAD $(0.05) in Q2 2024 [8][9] Business Segments - Netcoins, the regulated Canadian crypto trading platform, remains the primary revenue driver, with robust trading volumes and customer activity supported by product rollouts and new coin listings [4][9] - Blockchain Intelligence Group experienced steady revenue gains due to increasing global demand for regulatory and compliance solutions [5][9] - TerraZero, focused on immersive experiences and Web3 technology, completed the build of its proprietary technology platform, Intravese, aimed at democratizing the Metaverse [6][9] Market Position and Strategy - Netcoins is on track to process over CAD $1 billion in trading volume in 2025, more than doubling its 2024 performance [9] - The company is managing its operations with capital discipline as the immersive market develops, indicating a focus on sustainable growth [6][10] - The global customer base for Blockchain Intelligence Group continues to diversify, enhancing long-term revenue visibility [9]