RE: Interesting, especially for a supposedly dead business25 Jan 2026 21:03
“The first half of the financial year was another one of significant progress for the Group, both with the foreign exchange and payments business and the digital asset business, particularly the Bake Cryptocurrency Platform. In addition, the adoption of a Bitcoin treasury policy perfectly aligns with the Group's operational focus and the services we provide within the cryptocurrency ecosystem. Whilst we would have liked to have built the Group's Bitcoin holding faster, I believe the Board's cautious approach was vindicated by the downward movement of the Bitcoin price experienced post Period end. However, we have every intention of using the proceeds of the placing and retail offer undertaken earlier in the year to significantly increase the Bitcoin holding, but only when the GST Board believes it is prudent to do so.
In the second half of the financial year we are looking to grow revenues from all the Group's businesses and further strengthen the Group's regulatory position. We will also continue to explore further complementary value enhancing acquisition opportunities that can assist with accelerating the development of the Group.
I believe GST is extremely well positioned for the future and I look forward to providing regular updates on the Group's progress.”
- Tone Kay Kim GOH Chairman