Financial Highlights Y/ E March 20252 Oct 2025 07:53
Net operating income for the year of US$2.96 million (FY24: US$1.55 million), an increase of 91%.
Net loss for the year of US$2.29 million (FY24: US$1.22 million loss) as the Company continued to invest in developing its GS Money solutions.
Successfully completed £3.75 million of equity fundraising to accelerate the Group's GS Money strategy organically and via acquisition.
As of 31 March 2025, the Company had US$4.21 million in cash and cash equivalents (31 March 2024: US$2.61 million).
Net assets as at 31 March 2025 increased significantly to US$8.44 million compared to US$5.34 million at 31 March 2024, following the acquisition of the business and assets of CAKE and the progress of the Group's businesses.
Post Period Highlights
Formally adopted a Bitcoin treasury reserve policy to hold a significant proportion of the Company's cash in Bitcoin, reflecting confidence in Bitcoin's ability to reduce counterparty and exchange rate risk, enhance shareholder value, and align with the Group's GS Money strategy and integration of the Bake Cryptocurrency Platform.
Raised £1.925 million via a placing and retail offer to build the Company's Bitcoin treasury reserve.
BTC is on the up if traders think our sp will follow that!