CoinShares Earnings Call Transcripts
Fiscal Year 2025
-
Q2 2025 saw stable revenues and strong AUM growth, with adjusted EBITDA at $26.3 million and profit after tax rising to $32.4 million. Strategic U.S. expansion advanced, while regulatory delays continue to affect new product launches.
-
Q1 2025 saw resilient profits and strong margins despite a major digital asset price decline, with Asset Management fees up year-over-year and CoinShares Physical leading European ETP inflows. Strategic focus remains on U.S. expansion, product diversification, and operational scalability.
Fiscal Year 2024
-
Q4 2024 delivered record revenues and strong margins, driven by robust asset management and capital markets performance, despite increased costs from acquisitions and prudent credit loss provisions. Strategic diversification, disciplined risk management, and regulatory tailwinds position the group for continued growth in 2025.
-
A digital asset investment firm with $7B AUM is expanding globally, leveraging strong market share, innovative products, and disciplined operations. EBITDA and margins are rising, with new U.S. growth and quarterly dividends. M&A and cost efficiency drive further expansion.
-
Q3 2024 saw stable performance, record management fees in asset management, and strong inflows in both Europe and the U.S. A new accounting policy for digital assets improved transparency, and the company began holding Bitcoin as a treasury asset. Regulatory and market trends are expected to drive further growth.
-
Q2 2024 delivered strong financial results, driven by robust ETP inflows, the FTX claim sale, and disciplined cost control, despite the FlowBank impairment and asset price declines. Strategic innovation and a balanced capital approach position the business for continued growth.