RE: From y'day...18 Dec 2024 14:14
The reality is sinking in, that we are a money making machine. Nice consolidation to 1.65 for the next leg in our journey. Very good results yesterday, we are on the road to profitability and may have crossed that point already around now or certainly when Cake is Baked in (pun intended);
Angra has experienced substantial revenue growth during H1 25, which has continued post Period end. This growth has been closely linked to a significant rise in client volumes as the business continues to gain traction and market share following the establishment of Angra Global in H1 24.
The GS20 Exchange continues to attract increasing interest from high-net-worth individuals and corporate clients, leading to a steady rise in account openings and transaction volumes. The positive growth trend is in line with the Board's expectations for the exchange within the crypto asset market.
Summary
H1 25 was a period of significant development for the Group, with a substantial increase in revenues and significantly reduced losses.
In the second half of the financial year we are looking to continue to grow revenues substantially from all the Group's businesses and we look forward to completing the acquisition of CAKE, and integrating it with our GS20 Exchange.
The strengthened cash position and increased net assets suggest that the Group is on a path to sustainable financial stability. Continued focus on profitability and operational efficiency will be critical in maintaining this upward momentum moving forward.
Carry on BoD.