Core Insights - EdgeMode has experienced significant growth in 2025, with its share price increasing by over 1,100% [3] - The company is positioned for continued momentum into 2026 and beyond, focusing on AI data center infrastructure and energy solutions [2][3] Company Progress - 2025 has been a transformative year for EdgeMode, moving from concept to asset-backed progress, enhancing credibility with stakeholders [3] - The company has developed a 1.5GW AI data center portfolio in Spain, marking a significant achievement [4][5] - EdgeMode owns 75% of the development in Spain, focusing on advancing sites to Ready-To-Build status [5][6] - Strong inbound interest and advanced-stage negotiations are expected to lead to major partnerships and agreements [7] Shareholder Protection - EdgeMode has initiated a process to rescind a prior share exchange agreement to protect shareholder interests, which may return up to 1.56 billion shares to treasury [8][9] - The termination of approximately 385 million unexercised stock options has eliminated 12.8% of potential dilution [8] Battery Energy Storage Systems (BESS) - The company has made progress in its BESS business line, focusing on intraday grid trading to generate recurring revenues [13] - Approximately $20 million of a $25 million capital raise is allocated for acquiring BESS assets, reducing development risk [14] Capital Strategy and Growth - EdgeMode is advancing a $25 million convertible note raise to fund near-term milestones while maintaining shareholder alignment [15] - The company aims to replicate its business model internationally and plans to up-list to NASDAQ in 2026-2027 [16] Future Priorities - The company enters 2026 with stronger foundations and a clearer execution pathway, focusing on advancing Spanish sites, converting infrastructure into demand, and disciplined international expansion [19][17]

Financial Performance - Total revenue for FY2024 reached €110.0 million, slightly exceeding the €107.4 million in FY2023[57] - Service revenue almost tripled, increasing from €2.0 million in FY2023 to €5.6 million in FY2024[57] - The company achieved its first-ever positive gross profit of €19.4 million, representing a gross margin of 17.7% in FY2024, a significant improvement from a negative gross margin of €-2.9 million (-2.7%) in FY2023[60] - Adjusted EBITDA turned positive at €2.2 million for FY2024, a substantial turnaround from €-38.1 million in the previous year[60] - Cash and cash equivalents stood at €22.9 million as of December 31, 2024[60] Business Growth and Strategy - The customer base grew by more than 200% to 55 customers across Europe, USA, and Canada[57] - The company is focusing on a resilient business model backed by long-term multi-revenues and proven technology[17, 63] - The company plans to develop large-scale Battery Energy Storage System (BESS) projects in 2025 and beyond[26] - A large BESS project in Europe, exceeding 500MW/1GWh, is currently being planned, with land secured and grid connection application submitted, with official project start expected in 2025[49] Financial Position - The company issued senior secured convertible notes with an aggregate principal amount of $50.0 million and warrants to purchase 1,116,072 ordinary shares[63] - Existing shareholder loans were extended until August 31, 2026, providing an open credit line of $25.6 million[63]