EQS-News: coinIX GmbH & Co. KGaA
/ Key word(s): Annual Results/Preliminary Results
Here's the English translation of your press release: Hamburg, February 27, 2025 – The investment company coinIX GmbH & Co. KGaA, specializing in digital assets and blockchain technology, has once again generated a positive annual surplus in the 2024 financial year. Based on preliminary figures, the company reports a pre-tax profit of EUR 540 thousand (compared to EUR 124 thousand in the previous year), with a net profit of EUR 178 thousand (previous year: EUR 38 thousand). Revenue from capital gains and staking of crypto assets amounted to EUR 3.1 million (previous year: EUR 1.3 million). Other operating expenses totaled EUR 1.1 million (previous year: EUR 464 thousand). Depreciation on existing positions amounted to EUR 1.4 million, an increase from EUR 684 thousand in the previous year. A significant contribution to the positive result was the realization of hidden reserves, particularly from existing cryptocurrency positions. However, more relevant than the positive HGB result is the company’s success in significantly increasing the value of its portfolio in the 2024 financial year. Even after the partial realization of hidden reserves, as of December 31, 2024, there remains a difference of more than EUR 9.5 million between the book value and the market value of assets. Moritz Schildt, CEO of coinIX, looks positively toward 2025: Additional InformationThe preliminary financial figures for the 2024 annual report mentioned in this press release are based on currently available, unaudited figures for the 2024 financial year and should not be considered definitive. These figures may still be subject to changes due to audit adjustments. Forward-looking statements are inherently subject to risks and uncertainties. coinIX GmbH & Co. KGaA assumes no obligation to update the forward-looking statements contained in this release. Furthermore, this release does not constitute an offer or recommendation to buy or sell coinIX shares. The intrinsic value per share is determined at regular intervals by valuing the company's exchange-listed assets at their respective market or trading prices, while other assets are recorded at acquisition cost (less any applicable depreciation). Ongoing costs of the company, including liability and management fees payable to its personally liable partner as defined in the company’s articles of association, may not be deducted or accrued over time. The gross asset value thus determined is then divided by the number of issued limited partnership shares. Therefore, the intrinsic value should not be used as the sole basis for investment decisions regarding the purchase or sale of coinIX GmbH & Co. KGaA shares. Changes in intrinsic value are not a suitable basis for forecasting future share price developments. About coinIX GmbH & Co. KGaAFounded in 2017 and headquartered in Hamburg, coinIX GmbH & Co. KGaA is an investment company dedicated to building expertise in blockchain and cryptocurrencies, focusing on the analysis, acquisition, and custody of digital assets, as well as investments in this sector. The coinIX team consists of specialists with many years of experience in asset management, venture capital, and the analysis of emerging technologies. The company currently holds investments in traditional crypto assets, token projects, and stakes in various blockchain startups in decentralized markets. Its shares are listed on the open markets of the Düsseldorf, Berlin, and Munich stock exchanges. For more information, visit: www.coinix.capital This translation maintains the professional tone and structure suitable for a press release. Let me know if you need any refinements!
27.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | coinIX GmbH & Co. KGaA |
Ludwig-Erhard-Str. 1 | |
20459 Hamburg | |
Germany | |
Phone: | +49-40-4011555-0 |
E-mail: | mail@coinix.capital |
Internet: | https://coinix.capital/ |
ISIN: | DE000A2LQ1G5 |
WKN: | A2LQ1G |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich |
EQS News ID: | 2092657 |
End of News | EQS News Service |