Valereum (VLRM) H2 2024 earnings summary

Executive summary

• Achieved positive EBITDA of £0.4m in 2024, reversing a £0.3m loss in 2023, driven by gains from the Vinanz Ltd holding and cost reductions.

• Total assets more than doubled to £5.0m, reflecting increased value in Vinanz Ltd and assets from the GSX Group acquisition.

• All debt was repaid following a £2.3m capital injection from the Chairman, strengthening the balance sheet.

• Secured a Digital Asset Service Provider (DASP) license in El Salvador, enabling operation of a Real World Asset ecosystem.

• Admitted to the Apex segment of the Aquis Stock Exchange Growth Market, marking improved governance and investor interest.

Financial highlights

• EBITDA improved to £0.4m in 2024 from a £0.3m loss in 2023.

• Profit before tax was £3,222 in 2024, compared to a loss of £353,315 in 2023.

• Operating loss reduced to £1.7m from £2.6m year-over-year.

• Revenue for 2024 was £19,272.

• Net assets increased to £2.97m from £0.35m at year-end 2023.

• Cash at year-end was £19,397, down from £31,932 in 2023.

Outlook and guidance

• Forecasts indicate a move to profitability in the foreseeable future.

• Directors believe the Group can continue as a going concern for at least the next twelve months, supported by recent capital raises and asset values.