Metalpha has been nearly four times the FY2025 financial results for half a year and announced a $ 5 million stock repurchase program.
Hong Kong,,, February 13, 2025 / Prnewswire/ – Digital Asset Sweet Management, the global leader of Metalpha Technology Holding Limited (NASDAQ: MATH) (“Company” or “Metalpha”) I am happy to announce the unexpected financial results for 6 months. September 30, 2024Revenue increased 388% compared to the same period of FY2024. The company also announced that the board of directors approved UP’s stock repurchase program. $ 5 millionIt reflects confidence in the company’s future growth. After the announcement of joint ventures by the company with Antalpha Technologies Limited November 8, 2021Metalpha has grown to become a leader in digital asset management, and strong financial performance shows significant growth as adoption increases. cryptocurrency.
FY2025 Interim results Highlights
Ended for 6 months September 30, 2024Metalpha achieved total revenue $ 19,720,654Compared to almost 4 times $ 5,085,150 For the same period in FY2024. Net profit has reached $ 6,044,921Amazing treatment time due to net loss $ 3,856955 The previous year. Growth was led by the pursuit of providing high -quality products and services to customers. The following table shows the company’s total profit and net profit (loss) for each six months. September 30, 2024,,, March 31, 2024,,, September 30, 2023 and March 31, 2023:
Ended for 6 months |
||||
September 30, |
March 31, 2024 |
September 30, |
March 31, 2023 |
|
gun |
$ 19,720,654 |
$ 11,678,395 |
$ 5,085,150 |
$ 1,753,186 |
net (loss) |
$ 6,044,921 |
$ 177,546 |
($ 3,856,955) |
($ 7,033,059) |
For more information on the company’s unexpected financial outcomes for the first six months of fiscal year, see the unexpected consolidated financial statements of the company. September 30, 2024 And it was over for 6 months September 30, 2024It is provided to the US Securities and Exchange Commission on the 6-K form and is provided at www.sec.gov.
$ 5 million Share the repurchase program
Metalpha’s board of directors has approved the largest stock repurchase program. $ 5 million For the next 36 months. The company’s repurchase can occur sometimes through public market purchases, personal negotiations, or other legal allowances, depending on the market conditions and the company’s capital requirements.
This stock repurchase program reflects Metalpha’s trust in Metalpha’s long -term strategic direction and promise to provide value to shareholders. Through disciplined capital allocation, Metalpha aims to increase the value per share and provide long -term profits to investors.
Adrian KingMetalpha’s chairman and CEO expressed his optimism about the company’s future.
“The strong intermediate results show a promise to meet customer demands with the growing partnership and expanded financial provisions. Behind the attractive financial number, we have invested considerably in areas that are less obvious but more important to our success. The best talents, state -of -the -art technology infrastructure and very comprehensive internal control systems are essential for long -term expansion and sustainability. This effort shows our dedication to excellence. In the future, we are focusing on innovating the best digital asset derivatives products by improving technology development and customer experience. ”
About metalpha technology holding limited
Founded in 2015, Metalpha Technology Holding Limited (NASDAQ: math) It was released on October 20, 2017. The company listed through its subsidiaries is dedicated to providing investment and asset management services as a full service and institution -grade platform. Through a dedicated blockchain expertise, the company aims to be a leader in the field. Encryption Provides powerful innovation and transparency to asset management services, customers and businesses.
Future prediction statement
The press release includes a statement that can make up the “future prediction” statement in accordance with the “safe port” clause of the 1995 US Securities Litigation Reform Act. This future prediction statement can be identified by terms such as “will”. Expectations, “expected”, “goal”, “future”, “intention”, “plan”, “belief”, “estimation”, “predetermined” and similar statements. Executives have based on this future prediction statement based on current expectations, home, estimation and forecasts. They believe that these expectations, homes, estimates, and predictions are reasonable, but such future predictions are only predictive and include known risks and uncertainty, and many of them are beyond management control. Such statements include the risk and uncertainty of the actual results, performance or achievements of Metalpha, which can be substantially different from the performance or achievements that are expressed or implied by the results of these future.
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Source Metalpha Technology Holding Limited
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