Q2 2025 DeFi Technologies Inc Earnings Call Transcript
Key Points
- DeFi Technologies Inc (DEFT) reported strong financial performance in Q2 2025 with adjusted revenues of $32.1 million, adjusted EBITA of $21.6 million, and adjusted net income of $17.4 million.
- The company's largest business unit, Vellore, saw significant demand with net inflows totaling $77.4 million for the first half of the year, and AUM reaching $947 million by July 31st.
- DeFi Technologies Inc (DEFT) launched 14 new ETPs in Q2, keeping on track to reach 100 listed products by year-end, potentially becoming the largest issuer of digital asset structured products on regulated stock exchanges.
- The company is expanding globally, with regulatory approvals in final phases in Kenya and Turkey, and targeting other markets in Asia and Latin America.
- DeFi Technologies Inc (DEFT) is well-capitalized with $26.4 million in cash and $26 million in digital assets, and is renewing its share buyback program to capitalize on undervalued shares.
- Q2 average AUM decreased to $748 million from $780 million in Q1 due to negative cryptocurrency price movements, impacting revenue.
- The company missed its revenue guidance for the first half of the year by $5.5 million, primarily due to deferred DeFi alpha trading revenues.
- Staking revenue declined due to a drop in on-chain activity and lower average prices of key assets like Ethereum and Solana.
- The effective AUM monetization rate decreased from 6.2% in Q1 to 4.7% in Q2, reflecting lower staking yields and management fees.
- There are ongoing challenges in expanding into new regions, with regulatory approvals and market conditions causing delays.
Hi, everyone, and welcome to the DeFi Technologies 2025 Quarter 2 Financials Review and Shareholder Call. I'm Curtis Schlaufman, VP of Marketing and Communications. On the call, we have CEO, Olivier Roussy Newton; President, Andrew Forson; CFO, Paul Bozoki; and Co-Founder, Johan Wattenstrom.
I'm going to read a forward-looking statement to get started, and then we'll get the webinar rolling. Certain information set forth in this presentation contains forward-looking information, including future-oriented financial information and financial outlook under applicable securities laws collectively referred to as forward-looking statements. Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, projected financial performance of the company, completion of and the use of proceeds from the sale of shares being offered here under, the expected development of the company's business, projects or joint ventures. These
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