DeFi Technologies Inc. Q4 FY2024 Earnings Call

· Earnings call transcript and AI-powered summary

DFI Technologies 2024 Financial Overview Call Summary

Company Overview

  • Publicly listed company (CBOE, OTC, Frankfurt) connecting traditional capital markets with DeFi and Web3; wholly-owned subsidiaries include Valour (ETPs), trading desk, and venture portfolio.
  • 2024 highlights: 60+ ETPs listed; CAD204.4 million adjusted net revenue; CAD192 million adjusted book value; CAD0.39 EPS; ~CAD1.2 billion market cap; CAD1+ billion AUM; CAD16 million adjusted EBITDA; 60% ROE on adjusted income; CAD81.3 million cash and digital asset treasury.
  • Acquired 52.5% of Neuronomics (Swiss AI/asset management firm with FINMA license) in March 2025.

2024 Financial Performance vs Prior Periods

  • Full-year 2024 adjusted net revenue: CAD204.3 million (no direct 2023 comparison stated).
  • Q4 2024 adjusted revenue: CAD42.6 million; adjusted net income: CAD19.1 million; adjusted EBITDA: CAD20.08 million.
  • Full-year 2024 adjusted net income: CAD115 million; adjusted EBITDA: CAD116.1 million.
  • Cash on hand (Dec 31, 2024): CAD22.4 million, up significantly from CAD6.8 million (Dec 31, 2023).
  • Valour AUM: CAD1.18 billion as of Dec 31, 2024, +132% vs Dec 2023; no net outflow months in over two years (including +USD11 million inflows in Feb 2025 despite global ETF outflows).

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Curtis Schlaufman: Everyone, welcome to the DFI Technologies 2024 Financial Overview Call. Just going to give everybody here a second to, cycle in, and we'll start in a couple minutes. I'm going to start off by reading the risk and forward-looking statements. So, this presentation given and certain statements made within this earnings call, which are not historical facts such as expectations, anticipations, beliefs and estimates are forward-looking statements. These statements may include, without limitation, any statements preceded by, followed by or including words such as target, believe, assume, expect, aim, intend, may, anticipate foresee, see, estimate, plan, project, will is to focus can have, likely, should, would, could, continue, in other words, in terms of similar meaning or the negative zero. Others can be identified from the context in which statements are made. Forward-looking statements given the Company's current expectations and views of future developments in light of its current experience and perception of historical trends, based on numerous assumptions regarding the Company's present and future business strategies and environment in which it will operate in the future. Although the Company deem such forward-looking statements to be reasonable, no assurances can be given that they will be proven correct. The forward-looking statements are not guarantees of the future developments and results mentioned herein. Forward-looking statements that involve known

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