WonderFi Reports Record Fourth Quarter and Full Year 2024 Results
WonderFi Technologies (WONDF) reported exceptional financial results for Q4 and FY2024, with record yearly revenue and interest income of $62.1 million, representing a 108% increase from FY2023. The company processed over $3.57 billion in crypto trading volumes, up 28% year-over-year.
Key achievements include reaching positive adjusted EBITDA of $12 million in 2024 (345% increase from -$4.8M in 2023) and growing client assets under custody to $2.1 billion (109% increase). Cash and digital assets balance rose to $48.7 million, up 31% from FY2023.
Strategic developments include acquisitions of FX Institutions Pty. , Bitstamp's Canadian client accounts, and Blade Labs' Solana IP. The company launched WonderFi Labs, Bitcoin.ca, and Wonder Wallet, while repurchasing 12.4M common shares through NCIB program.
WonderFi Technologies (WONDF) ha riportato risultati finanziari eccezionali per il quarto trimestre e l'anno fiscale 2024, con un fatturato annuale e un reddito da interessi record di 62,1 milioni di dollari, che rappresenta un incremento del 108% rispetto all'anno fiscale 2023. L'azienda ha elaborato oltre 3,57 miliardi di dollari in volumi di trading di criptovalute, con un aumento del 28% rispetto all'anno precedente.
I risultati chiave includono il raggiungimento di un EBITDA rettificato positivo di 12 milioni di dollari nel 2024 (un incremento del 345% rispetto a -4,8 milioni di dollari nel 2023) e la crescita degli attivi dei clienti in custodia a 2,1 miliardi di dollari (aumento del 109%). Il saldo di cassa e attività digitali è salito a 48,7 milioni di dollari, con un incremento del 31% rispetto all'anno fiscale 2023.
Sviluppi strategici includono acquisizioni di FX Institutions Pty., dei conti clienti canadesi di Bitstamp e della proprietà intellettuale di Solana di Blade Labs. L'azienda ha lanciato WonderFi Labs, Bitcoin.ca e Wonder Wallet, mentre ha riacquistato 12,4 milioni di azioni ordinarie tramite il programma NCIB.
WonderFi Technologies (WONDF) informó resultados financieros excepcionales para el cuarto trimestre y el año fiscal 2024, con ingresos anuales y de intereses récord de 62,1 millones de dólares, lo que representa un aumento del 108% en comparación con el año fiscal 2023. La compañía procesó más de 3,57 mil millones de dólares en volúmenes de comercio de criptomonedas, un aumento del 28% interanual.
Los logros clave incluyen alcanzar un EBITDA ajustado positivo de 12 millones de dólares en 2024 (un aumento del 345% desde -4,8 millones en 2023) y hacer crecer los activos de los clientes bajo custodia a 2,1 mil millones de dólares (aumento del 109%). El saldo de efectivo y activos digitales aumentó a 48,7 millones de dólares, un 31% más que en el año fiscal 2023.
Los desarrollos estratégicos incluyen adquisiciones de FX Institutions Pty., las cuentas de clientes canadienses de Bitstamp y la propiedad intelectual de Solana de Blade Labs. La compañía lanzó WonderFi Labs, Bitcoin.ca y Wonder Wallet, mientras recompra 12,4 millones de acciones ordinarias a través del programa NCIB.
WonderFi Technologies (WONDF)는 2024 회계연도 4분기 및 전체 회계연도에 대해 뛰어난 재무 결과를 보고했으며, 연간 수익 및 이자 수익이 6,210만 달러에 달해 2023 회계연도 대비 108% 증가했습니다. 이 회사는 암호화폐 거래량이 35억 7천만 달러를 초과하여 전년 대비 28% 증가했습니다.
주요 성과로는 2024년 1,200만 달러의 긍정적인 조정 EBITDA를 달성한 것(2023년 -480만 달러에서 345% 증가)과 고객 자산을 21억 달러로 성장시킨 것(109% 증가)이 있습니다. 현금 및 디지털 자산 잔액은 4,870만 달러로 2023 회계연도 대비 31% 증가했습니다.
전략적 개발에는 FX Institutions Pty.의 인수, Bitstamp의 캐나다 고객 계좌, Blade Labs의 솔라나 지적 재산이 포함됩니다. 이 회사는 WonderFi Labs, Bitcoin.ca 및 Wonder Wallet을 출시했으며, NCIB 프로그램을 통해 1,240만 주의 일반 주식을 재매입했습니다.
WonderFi Technologies (WONDF) a annoncé des résultats financiers exceptionnels pour le quatrième trimestre et l'exercice 2024, avec des revenus annuels et des revenus d'intérêts record de 62,1 millions de dollars, représentant une augmentation de 108 % par rapport à l'exercice 2023. L'entreprise a traité plus de 3,57 milliards de dollars en volumes de trading de cryptomonnaies, en hausse de 28 % par rapport à l'année précédente.
Les réalisations clés incluent l'atteinte d'un EBITDA ajusté positif de 12 millions de dollars en 2024 (augmentation de 345 % par rapport à -4,8 millions en 2023) et la croissance des actifs des clients sous garde à 2,1 milliards de dollars (augmentation de 109 %). Le solde de trésorerie et d'actifs numériques a augmenté à 48,7 millions de dollars, en hausse de 31 % par rapport à l'exercice 2023.
Les développements stratégiques comprennent des acquisitions de FX Institutions Pty., des comptes clients canadiens de Bitstamp et de la propriété intellectuelle Solana de Blade Labs. L'entreprise a lancé WonderFi Labs, Bitcoin.ca et Wonder Wallet, tout en rachetant 12,4 millions d'actions ordinaires via le programme NCIB.
WonderFi Technologies (WONDF) hat außergewöhnliche Finanzergebnisse für das vierte Quartal und das Geschäftsjahr 2024 gemeldet, mit einem Rekordjahresumsatz und Zinserträgen von 62,1 Millionen Dollar, was einem Anstieg von 108% im Vergleich zum Geschäftsjahr 2023 entspricht. Das Unternehmen verarbeitete über 3,57 Milliarden Dollar an Handelsvolumina von Kryptowährungen, ein Anstieg von 28% im Jahresvergleich.
Wesentliche Erfolge umfassen die Erreichung eines positiven adjustierten EBITDA von 12 Millionen Dollar im Jahr 2024 (ein Anstieg von 345% im Vergleich zu -4,8 Millionen Dollar im Jahr 2023) und das Wachstum der verwalteten Kundenvermögen auf 2,1 Milliarden Dollar (109% Anstieg). Der Kassenstand und das Guthaben an digitalen Vermögenswerten stiegen auf 48,7 Millionen Dollar, was einem Anstieg von 31% im Vergleich zum Geschäftsjahr 2023 entspricht.
Strategische Entwicklungen umfassen Akquisitionen von FX Institutions Pty., den kanadischen Kundenkonten von Bitstamp und dem geistigen Eigentum von Solana von Blade Labs. Das Unternehmen startete WonderFi Labs, Bitcoin.ca und Wonder Wallet und kaufte 12,4 Millionen Stammaktien im Rahmen des NCIB-Programms zurück.
- Record revenue and interest income of $62.1M (+108% YoY)
- Achieved positive adjusted EBITDA of $12M (vs -$4.8M in 2023)
- Client assets under custody grew to $2.1B (+109% YoY)
- Crypto trading volumes increased to $3.57B (+28% YoY)
- Cash and digital assets balance up 31% to $48.7M
- None.
Record yearly revenue and interest income of
Processed over
Achieved positive adjusted EBITDA of
Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company"), a global leader in centralized and decentralized financial services and products, today announced its financial results for the three and twelve months ended December 31, 2024. All financial references are in Canadian dollars unless otherwise noted.
"WonderFi delivered another year of record financial performance in 2024, reinforcing our position as Canada's leading crypto platform. Over the past two years, we have achieved tremendous growth, scaling our platform, increasing trading volumes, and expanding our assets under custody-all while continuing to provide Canadians with a trusted and secure way to access crypto assets. Our financial results this year are a testament to our vision and execution," said Dean Skurka, CEO of WonderFi.
"Our journey to becoming Canada's largest and most trusted crypto ecosystem truly began just over three years ago with the acquisition of Bitbuy. Since then, we have accelerated our growth by bringing in Coinsquare and other key acquisitions, strengthening our platform and expanding our reach through our great brands. As we move into 2025, WonderFi is well-positioned to build on this momentum, continue innovating, and drive long-term value for our shareholders," added Mr. Skurka.
Key Financial Highlights for 2024:
- Bitbuy, Coinsquare, and SmartPay generated combined revenue and interest income of
$62.1 million in 2024, representing a108% increase compared with Fiscal Year 2023. - Cash and digital assets balance increased to
$48.7 million as of December 31, 2024, reflecting a31% increase compared with Fiscal Year 2023. - Generated adjusted EBITDA of
$12 million in 2024, compared to a negative$4.8 million in 2023, marking an increase of345% year over year.
Operating Highlights for Fiscal Year 2024:
- WonderFi's wholly owned platforms processed over
$3.57 billion in crypto trading volumes during Fiscal Year 2024, representing a28% increase compared with Fiscal Year 2023. - Bitbuy and Coinsquare surpassed
$2.1 billion in client assets under custody as of December 31, 2024, an increase of109% compared to the end of Fiscal Year 2023. - Completed the acquisition of FX Institutions Pty. Ltd., establishing WonderFi's international expansion efforts in Australia and APAC.
- Completed the acquisition of the Canadian client accounts of Bitstamp, and migrated them to Bitbuy, expanding WonderFi's Canadian client base and strengthening the Company's position in the domestic market.
- Successfully migrated Bitbuy client accounts to Coinsquare Capital Markets Limited, realizing significant operational and cost synergies.
- Launched WonderFi Labs, WonderFi's Web3-focused innovation arm.
- Repurchased and cancelled 12,463,854 common shares as part of the NCIB program.
Highlights Subsequent to Fiscal Year 2024:
- In January, WonderFi acquired Blade Labs' Solana-focused intellectual property, including the Solana debugging tool Bokken and other Solana related technology to enhance its on-chain capabilities.
- In February, WonderFi Labs introduced the Wonder Wallet, a decentralized finance (DeFi) application built on the ZKsync Layer-2 blockchain, offering users scalable and cost-efficient access to DeFi services. The testnet of the Layer-2 blockchain Wonder Chain was also launched with full launch planned for mid-2025.
- In February, WonderFi launched Bitcoin.ca, a platform dedicated to providing investor education about Bitcoin for individuals and corporations in Canada.
- In March, WonderFi signed a Letter of Intent with Eightcap to provide users of its Bitbuy and Coinsquare platforms access to derivatives across various financial markets, including foreign exchange, major indices, oil, metals, and selected stocks.
Access to Financial Statements and Management Discussion and Analysis
Complete financial statements along with related management discussion and analysis can be found in the System for Electronic Document Analysis and Retrieval ("SEDAR+"), the electronic filing system for the disclosure documents of issuers across Canada at www.sedarplus.ca.
About WonderFi
WonderFi is a global leader in centralized and decentralized financial services and products.
With over
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, Smartpay and Bitcoin.ca.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi.
Additional Information
For additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
Invest@wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control, including, specifically, the entering into of definitive agreements in respect of the partnership, the receipt of regulatory approvals in respect thereof, the timing of launch and the expected benefits of the partnership. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions, including that it will enter into definitive agreements in respect of the partnership, receive required regulatory approvals, launch within H2 2025, and that the Company's clients will trade in CFDs and that the partnership will have a positive impact on the business of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking financial information and statements are the following: the parties being unable to come to terms in respect of definitive agreements governing the partnership, the parties being unable to receive regulatory approvals, taxation, controls or regulations and/or changes in the administration of laws, policies and practices and political or economic developments in Canada, Australia and other jurisdictions in which the Company carries on business or in which the Company or partnership may carry on business in the future; and material adverse changes in general economic, business and political conditions, including changes in the financial markets and compliance with extensive government regulation; decisions to modify, pause or discontinue certain treasury management strategies; the Company's and the partnership's ability to provide a competitive service within the regulated crypto asset trading platform industry; the Company's and the partnership's ability to manage its capital and non-capital expenses; the Company's clients not trading in CFDs and the CFD market not maturing or growing as expected. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended December 31, 2024, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. All financial amounts referenced herein are in Canadian dollars unless otherwise expressly identified.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246659
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