Goldmoney Inc. Reports Results for the Quarter Ended September 30 2024
Goldmoney Inc. (TSX: XAU) (US: XAUMF) has released its fiscal 2025 Q2 financial results for the period ended September 30, 2024. The company reported Group Tangible Capital of $135.3 million, showing a 1.1% quarter-over-quarter increase. The Group Tangible Capital per Share remained steady at $10.26, while excluding MENE it increased 7.3% to $9.30. However, Adjusted Net Income decreased by 34.2% quarter-over-quarter to $4.4 million. The company reported a net loss of $3.896 million, though total comprehensive income was positive at $792,000.
Goldmoney Inc. (TSX: XAU) (US: XAUMF) ha pubblicato i risultati finanziari del secondo trimestre del 2025 per il periodo conclusosi il 30 settembre 2024. L'azienda ha riportato un Capitale Tangibile di Gruppo di 135,3 milioni di dollari, mostrando un incremento dell'1,1% rispetto al trimestre precedente. Il Capitale Tangibile per Azione di Gruppo 猫 rimasto costante a 10,26 dollari, mentre escludendo MENE 猫 aumentato del 7,3% a 9,30 dollari. Tuttavia, il Reddito Netto Rettificato 猫 diminuito del 34,2% trimestre su trimestre, attestandosi a 4,4 milioni di dollari. L'azienda ha riportato una perdita netta di 3,896 milioni di dollari, sebbene il reddito complessivo totale sia stato positivo a 792.000 dollari.
Goldmoney Inc. (TSX: XAU) (US: XAUMF) ha publicado sus resultados financieros del segundo trimestre de 2025 para el per铆odo terminado el 30 de septiembre de 2024. La compa帽铆a report贸 un Capital Tangible del Grupo de 135,3 millones de d贸lares, mostrando un aumento del 1,1% trimestre a trimestre. El Capital Tangible por Acci贸n del Grupo se mantuvo estable en 10,26 d贸lares, mientras que excluyendo MENE aument贸 un 7,3% a 9,30 d贸lares. Sin embargo, el Ingreso Neto Ajustado disminuy贸 un 34,2% trimestre a trimestre a 4,4 millones de d贸lares. La empresa report贸 una p茅rdida neta de 3,896 millones de d贸lares, aunque el ingreso comprensivo total fue positivo en 792,000 d贸lares.
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Goldmoney Inc. (TSX: XAU) (US: XAUMF) a publi茅 ses r茅sultats financiers du deuxi猫me trimestre de l'exercice 2025 pour la p茅riode se terminant le 30 septembre 2024. L'entreprise a rapport茅 un Capital Tangible de Groupe de 135,3 millions de dollars, montrant une augmentation de 1,1 % par rapport au trimestre pr茅c茅dent. Le Capital Tangible par Action de Groupe est rest茅 stable 脿 10,26 dollars, tandis qu'en excluant MENE, il a augment茅 de 7,3 % 脿 9,30 dollars. Cependant, le Revenu Net Ajust茅 a diminu茅 de 34,2 % par rapport au trimestre pr茅c茅dent, s'茅levant 脿 4,4 millions de dollars. L'entreprise a rapport茅 une perte nette de 3,896 millions de dollars, bien que le revenu global ait 茅t茅 positif 脿 792 000 dollars.
Goldmoney Inc. (TSX: XAU) (US: XAUMF) hat die Finanzzahlen f眉r das zweite Quartal des Fiskaljahres 2025 f眉r den Zeitraum zum 30. September 2024 ver枚ffentlicht. Das Unternehmen berichtete 眉ber Gruppenbesch盲ftiger Kapital in H枚he von 135,3 Millionen Dollar, was einem Anstieg von 1,1% im Vergleich zum Vorquartal entspricht. Das Gruppenbesch盲ftiger Kapital pro Aktie blieb bei 10,26 Dollar stabil, w盲hrend es ohne MENE um 7,3% auf 9,30 Dollar anstieg. Der Bereinigte Nettoertrag hingegen sank im Vergleich zum Vorquartal um 34,2% auf 4,4 Millionen Dollar. Das Unternehmen berichtete von einem Nettverlust von 3,896 Millionen Dollar, aber das Gesamteinkommen war mit 792.000 Dollar positiv.
- Group Tangible Capital increased 1.1% QoQ to $135.3 million
- Group Tangible Capital per Share excluding MENE grew 7.3% QoQ to $9.30
- Total comprehensive income remained positive at $792,000
- Adjusted Net Income decreased 34.2% QoQ to $4.4 million
- Net loss of $3.896 million compared to $5.132 million profit in previous quarter
- Basic and diluted earnings per share declined to -$0.29 from $0.39 in Q1
Tortola, British Virgin Islands--(Newsfile Corp. - November 11, 2024) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Goldmoney" or the "Company"), today announced financial results for the fiscal 2025 second quarter for the period ended September 30, 2024. All amounts are expressed in Canadian dollars unless otherwise noted.
Financial statements are available online at Sedar+: .
Financial Highlights
Group Tangible Capital of
$135.3 million , an increase of1.1% QoQGroup Tangible Capital per Share of
$10.26 , consistent QoQGroup Tangible Capital per Share excluding MENE of
$9.30 per share an increase of7.3% QoQAdjusted Net Income of
$4.4 million , a decrease of34.2% QoQ
Quarterly Performance Metrics Table
( | 2025 | 2024 | 2023 | ||||||||||||||
Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | ||||||||||
Key Performance Metrics (Balance Sheet) | |||||||||||||||||
Shares outstanding | 13,182 | 13,060 | 13,137 | 13,449 | 13,777 | 13,926 | 13,996 | 14,861 | |||||||||
Shareholder equity | 149,026 | 147,984 | 141,178 | 173,761 | 172,602 | 173,224 | 172,123 | 182,707 | |||||||||
Tangible equity inclusive of MENE | 135,299 | 133,780 | 126,100 | 147,078 | 143,019 | 143,475 | 142,203 | 143,118 | |||||||||
Tangible equity exclusive of MENE | 122,631 | 113,217 | 105,457 | 113,059 | 108,396 | 108,756 | 107,599 | 108,367 | |||||||||
Tangible equity per share ($CAD) | 10.26 | 10.24 | 9.60 | 10.94 | 10.38 | 10.30 | 10.16 | 9.63 | |||||||||
Tangible equity per share exclusive of MENE | 9.30 | 8.67 | 8.03 | 8.41 | 7.87 | 7.81 | 7.69 | 7.29 | |||||||||
Key Performance Metrics (Operational) | |||||||||||||||||
Net income (loss) | (3,896 | ) | 5,132 | (32,095 | ) | 6,005 | 2,009 | 1,995 | (4,050 | ) | 10,341 | ||||||
Total comprehensive income (loss) | 792 | 6,077 | (30,640 | ) | 7,391 | 627 | 1,651 | (4,053 | ) | 10,321 | |||||||
Adjustments for revaluations, FX, stock compensation, and non-cash items | 3,569 | 550 | 34,857 | (1,350 | ) | 2,310 | 1,903 | 7,020 | (6,838 | ) | |||||||
Non-IFRS adjusted net income | 4,361 | 6,627 | 4,217 | 6,040 | 2,937 | 3,554 | 2,966 | 3,483 | |||||||||
Key Performance Metrics (Earnings per Share) | |||||||||||||||||
Basic earnings (loss) per share | (0.29 | ) | 0.39 | (2.42 | ) | 0.44 | 0.15 | 0.14 | (0.27 | ) | 0.69 | ||||||
Diluted earnings (loss) per share | (0.29 | ) | 0.38 | (2.42 | ) | 0.44 | 0.14 | 0.14 | (0.27 | ) | 0.69 | ||||||
Non-IFRS adjusted net income per share | 0.33 | 0.51 | 0.32 | 0.45 | 0.21 | 0.26 | 0.21 | 0.23 |
About Goldmoney Inc.
Goldmoney Inc. (TSX: XAU) specializes in the investment and custody of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. Goldmoney also maintains diversified interests in property investment and jewelry manufacturing. For more information about Goldmoney, visit .
Financial Information and IFRS Standards
The selected financial information included in this release is qualified in its entirety by, and should be read together with, the Company's consolidated financial statements for the fiscal year ended March 31, 2024 and prepared in accordance with IFRS Accounting Standards ("IFRS") and the corresponding management's discussion and analysis ("MD&A"), which are available under the Company's profile on SEDAR at .
Non-IFRS Measures
This news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company's performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance with IFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company's operating results.
Tangible Capital is a non-IFRS measure. This figure excludes from total shareholder equity (i) intangibles, and (ii) goodwill, and is useful to demonstrate the tangible capital employed by the business.
Non-IFRS Adjusted Net Income is a non-IFRS measure, defined as total comprehensive income (loss) adjusted for non-cash and non-core items which include, but is not limited to, revaluation of precious metal inventories, fair value movements, stock-based compensation, depreciation and amortization, foreign exchange fluctuations and gains and losses on investments.
For a full reconciliation of non-IFRS financial measures used herein to their nearest IFRS equivalents, please see the section entitled "Reconciliation of Non-IFRS Financial Measures" in the Company's MD&A for the year ended March 31, 2024.
Media and Investor Relations inquiries:
Sean Ty
Chief Financial Officer
Goldmoney Inc.
+1 647 250 7098
Forward-Looking Statements
This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "potential" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.
Forward-looking information in this release includes, but is not limited to, statements with respect to: financial performance and growth of the Company's business; expected results of operations, the market for the Company's products and services and competitive conditions; and the establishment of a real estate investment strategy. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company's operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company's common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company's operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company's ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; the ability to identify and complete the acquisition of suitable real estate investment opportunities on terms which are economic or at all; effectiveness of the Company's risk management and internal controls; use of the Company's services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company's most recently filed annual information form, available on . Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.
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