HONG KONG, Feb. 13, 2025 /PRNewswire/ — Metalpha Technology Holding Limited (Nasdaq: MATH) (“Metalpha” or the “Company”), a global leader in digital asset wealth management, has announced its unaudited financial results for the six months ended September 30, 2024. The Company reported an impressive 388% revenue increase compared to the same period in FY2024, reinforcing its strong market position. Additionally, Metalpha’s Board of Directors has approved a share repurchase program of up to $5 million, demonstrating confidence in the Company’s long-term growth.
Metalpha Reports Half-Year FY2025 Financial Results with Revenues up Nearly Four-fold, and Announces a $5 Million Share Repurchase Program.
FY2025 Interim Results Highlights
For the six months ended September 30, 2024, Metalpha recorded total revenue of $19,720,654, a substantial increase from $5,085,150 in the same period of FY2024. Net income saw a dramatic turnaround, reaching $6,044,921, compared to a net loss of $3,856,955 in the prior year. This growth reflects Metalpha’s ongoing commitment to delivering high-quality financial products and services.
Below is a summary of Metalpha’s financial performance for recent periods:
| Period Ended | Total Revenue | Net Income (Loss) |
|---|---|---|
| September 30, 2024 | $19,720,654 | $6,044,921 |
| March 31, 2024 | $11,678,395 | $177,546 |
| September 30, 2023 | $5,085,150 | ($3,856,955) |
| March 31, 2023 | $1,753,186 | ($7,033,059) |
For further details on the Company’s unaudited financial results, refer to Metalpha’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) at www.sec.gov.
$5 Million Share Repurchase Program
Metalpha’s Board of Directors has authorized a share repurchase program of up to $5 million over the next 36 months. The repurchases may be executed through open market transactions, privately negotiated deals, or other legally permissible methods, based on market conditions and the Company’s capital requirements. This initiative underscores Metalpha’s commitment to maximizing shareholder value and maintaining financial strength.
CEO Statement
Adrian Wang, Chairman and CEO of Metalpha, expressed optimism about the Company’s trajectory:
“Our strong interim results, combined with growing partnerships and expanded financial offerings, reinforce our commitment to delivering value to customers and shareholders alike. Beyond our financial performance, we have made significant investments in top-tier talent, cutting-edge technology infrastructure, and comprehensive internal control systems to ensure long-term sustainability. Moving forward, we will continue to focus on advancing technology, enhancing customer experiences, and innovating the best digital asset derivative products.”
About Metalpha Technology Holding Limited
Founded in 2015, Metalpha Technology Holding Limited (Nasdaq: MATH) is a publicly traded company dedicated to providing institutional-grade investing and wealth management services for digital assets. The Company leverages its deep blockchain expertise to offer transparent and innovative solutions, reinforcing its leadership position in the crypto wealth management sector.
Forward-Looking Statements
This press release contains forward-looking statements as defined under the U.S. Private Securities Litigation Reform Act of 1995. These statements, including those regarding future growth and strategic direction, involve risks and uncertainties that may cause actual results to differ materially from those projected. The Company disclaims any obligation to update these statements unless required by law.
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SOURCE: Metalpha Technology Holding Limited
