Financials Galaxy Digital Holdings Toronto S.E.

Equities

GLXY

KYG370921069

Investment Banking & Brokerage Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-12-11 pm EST			5-day change	1st Jan Change
41.10 ^CAD	+0.93%		+6.78%	+64.47%

Dec. 11	JPMorgan Chase Unit Facilitates Galaxy Digital Debt Issuance Over Solana Blockchain	DJ
Dec. 11	J.P. Morgan arranges U.S. commercial paper issuance on Solana public blockchain for Galaxy Digital	RE

Projected Income Statement: Galaxy Digital Holdings

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	1,704	574.6	833.6	1,652	90,065	86,406	113,167
Change	-	-	-66.28%	45.07%	98.23%	5,350.22%	-4.06%	30.97%
EBITDA ¹	-	-	-	-	-	569.9	197.2	804.5
Change	-	-	-	-	-	-	-65.39%	307.88%
EBIT ¹	-	1,249	-106	322.5	294	562.3	46.54	188.7
Change	-	-	-108.49%	404.14%	-8.82%	91.26%	-91.72%	305.54%
Interest Paid ¹	-	-	-103.4	-37.03	-44.01	-91.65	-213.1	-534.5
Earnings before Tax (EBT) ¹	-	2,456	-1,449	426	500.8	363.2	-99.18	234.2
Change	-	-	-158.98%	129.41%	17.54%	-27.48%	-127.31%	336.17%
Net income ¹	-	2,139	-1,399	401.8	522.9	346.3	-9.23	162.1
Change	-	-	-165.43%	128.71%	30.12%	-33.78%	-102.67%	1,855.98%
Announcement Date	3/30/21	3/31/22	3/28/23	3/26/24	3/28/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	-	27.1	271	346.6	699.4	-153.1	43.82	-51.41	196	146.3	4.101	482.7	355.4	74.37	198.4	999.2	17,962	12,481	40,991	18,818	19,525	20,529	20,570	22,276	27,731	28,921	27,782
Change	-	-	899.99%	27.87%	101.8%	-121.9%	128.61%	-217.34%	481.2%	-25.33%	-97.2%	11,669.39%	-26.38%	-79.07%	166.79%	403.54%	1,697.76%	-30.52%	228.44%	-54.09%	3.76%	5.14%	0.2%	8.29%	24.49%	4.29%	-3.94%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-146.4	-	-	-528.5	-	882.9	-170.9	26.7	45.35	88.91	109.6	206.4	320.7	344.9
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-119.35%	115.63%	69.81%	96.06%	23.33%	88.24%	55.4%	7.53%
EBIT ¹	-1.702	-34.82	81.72	388.8	556.6	-319.2	-125.2	-230.3	74.3	31.54	-135	348.3	151	-165.1	-59.85	368.3	-547.5	229.3	763.5	-90.88	-6.32	-53.74	-9.1	134	145.5	163.8	182.6
Change	-	-1,946.12%	334.68%	375.81%	43.17%	-157.34%	60.77%	-83.93%	132.26%	-57.55%	-528.04%	358.01%	-56.65%	-209.34%	63.74%	715.39%	-248.63%	141.88%	232.98%	-111.9%	93.05%	-750.29%	83.07%	1,572.88%	8.56%	12.59%	11.48%
Charge d'intérêts ¹	-	-23.23	-24.27	-	-26.08	-24.92	-21.59	-27.78	-	-	-	-12.19	-9.522	-9.401	-9.857	-13.83	-19.66	-19.63	-20.23	-32.24	-35.3	-42.49	-45.38	-47.06	-61.11	-66.24	-71.21
Earnings before Tax (EBT) ¹	-	-	748.8	762.1	-151	-742	-94.2	-406.5	186.9	-64.56	-133.5	432.8	592.7	-265.5	-86.14	244.1	-421.3	58.1	764.9	-35.97	-79.22	-130.8	-94.68	171.5	218.3	305.7	322.2
Change	-	-	-	1.79%	-119.81%	-391.56%	87.31%	-331.51%	145.98%	-134.54%	-106.7%	424.31%	36.95%	-144.79%	67.56%	383.36%	-272.62%	113.79%	1,216.47%	-104.7%	-120.22%	-65.13%	27.63%	281.17%	27.26%	40.06%	5.39%
Net income ¹	-	-439.6	647.2	650.4	-143.1	-718.1	-91.04	-394.2	179.2	-62	-129	409.4	576.9	-245.1	-74.42	249.5	-412.8	19.98	708.5	10.7	82.32	75.66	-87.84	-59.31	189	273.1	287
Change	-	-	247.24%	0.5%	-122%	-401.86%	87.32%	-333%	145.47%	-134.59%	-108.04%	417.36%	40.93%	-142.48%	69.64%	435.22%	-265.47%	104.84%	3,445.99%	-98.49%	669.35%	-8.08%	-216.09%	32.48%	418.59%	44.54%	5.09%
Announcement Date	5/17/21	8/16/21	11/15/21	3/31/22	5/9/22	8/8/22	11/9/22	3/28/23	5/9/23	8/8/23	11/9/23	3/26/24	5/14/24	8/1/24	11/7/24	3/28/25	5/13/25	8/5/25	10/21/25	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Galaxy Digital Holdings

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-26.2	-	114	-	-	-950	814	1,901
Change	-	-	-	-	-	-	185.68%	133.54%
Announcement Date	3/30/21	3/31/22	3/28/23	3/26/24	3/28/25	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: Galaxy Digital Holdings

Fiscal Period: December	2024	2025	2026	2027
CAPEX ¹	84.33	779.9	2,632	-
Change	-	824.81%	237.42%	-100%
Free Cash Flow (FCF) ¹	-565.1	-	-	-
Change	-	100%	-	-
Announcement Date	3/28/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Galaxy Digital Holdings

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	0.63%	0.23%	0.71%
EBIT Margin (%)	-	73.3%	-18.45%	38.68%	17.79%	0.62%	0.05%	0.17%
EBT Margin (%)	-	144.15%	-252.12%	51.11%	30.3%	0.4%	-0.11%	0.21%
Net margin (%)	-	125.53%	-243.54%	48.2%	31.64%	0.38%	-0.01%	0.14%
FCF margin (%)	-	-	-	-	-34.2%	-	-	-
FCF / Net Income (%)	-	-	-	-	-108.09%	-	-	-
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	-	77.83%	-54.07%	-	-	-5.54%	-27.09%	-15.77%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	4.13x	2.36x
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	5.1%	0.87%	3.05%	-
CAPEX / EBITDA (%)	-	-	-	-	-	136.85%	1,334.22%	-
CAPEX / FCF (%)	-	-	-	-	-14.92%	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	4.413	-	7.865	6.39	8.87	-
Change	-	-	-	-	-	-18.76%	38.81%	-
EPS ¹	-	4.88	-3.13	-	1.02	0.7562	-0.0727	0.4129
Change	-	-	-164.14%	-	-	-25.86%	-109.62%	667.66%
Nbr of stocks (in thousands)	-	97,023	103,552	-	126,874	192,202	192,202	192,202
Announcement Date	-	3/31/22	3/28/23	-	3/28/25	-	-	-