Ho Ho No!18 Dec 2025 07:14
Trash results
GSTechnologies Limited reported interim results for the six months ended 30 September 2025, with revenue decreasing to US$1.40 million from US$2.23 million in the prior year period, though this represents a near doubling from the second half of the previous year. The company experienced an increased net loss of US$437,000, attributed to ongoing investments in its foreign exchange, payment, and digital asset businesses, including the Bake platform. Cash and cash equivalents improved to US$3.91 million, including a US$1.01 million Bitcoin holding, and net assets rose to US$10.13 million. The company also raised £1.925 million through a placing and retail offer to bolster its Bitcoin treasury reserve, adopting a policy to hold a significant portion of its cash in Bitcoin.