The full report, which is attached to this press release, can also be found on the CoinShares Investor Relations site.
Financial Results Summary
Following on from the Group’s record Q3 results announced on
The financial highlights for the year ended
- Total comprehensive income of £114.3 million
(2020 full-year: £18.6 million);*
- Adjusted EBITDA of £121.7 million, achieving a margin of 80%
(2020 full-year: £22.3 million / 61%);*
- Management fees generated by the Group’s Asset Management Platform of £80.6 million
(2020 full-year: £18.4 million);
- Income and gains generated by the Group’s Capital Markets Infrastructure of £62.1 million
(2020 full-year: £16.8 million);
- Fair value gains on Principal Investments of £9.6 million
(2020 full-year: £1.0 million);
- ETP assets under Management (“AUM”) as at
31 December 2021 of £3.3 billion
(31 December 2020 : £1.7 billion);
- CoinShares Blockchain Global Equity Index AUM as at
31 December 2021 of £880.5 million
(31 December 2020 : N/A); and
- Net asset position of the Group as at
31 December 2021 of £200.9 million
(31 December 2020 : £56.5 million).
*Previously reported Total comprehensive income and Adjusted EBITDA of £18.4 million & Adjusted EBITDA of £22.1 million have been revised to the figures disclosed above as a result of adjustments arising from the Group’s transition from FRS102 to IFRS. Please see notes 1.2 and 12 within the full report for further information.
Commenting on today’s results, Jean-Marie Mognetti, Chief Executive Officer of
“CoinShares has maintained the momentum we experienced moving into 2021 over the entire year, including this most recent quarter. Adjusted EBITDA for Q4 was £32.9 million, whilst adjusted EBITDA for the year sits at £121.7 million, an increase of more than 400% versus the year ended
This performance confirms the
We are looking forward to expanding
The Company will hold a webcast on Tuesday,
About
For more information on
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se
This information is information that
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Forward looking statements
The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.
Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.
In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.
Attachment
- Q4 and Preliminary Full-Year Earnings Report
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