Trending...
- Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
$MATH Metalpha Technology Authorizes a $5 Million Share Repurchase Program
illiNews -- Global Leader in Digital Asset Wealth Management with a Full-Service, Institutional-Grade Platform and Dedicated Blockchain Expertise.
Robust Financial Performance Demonstrating Substantial Growth Amid Increasing Adoption of Cryptocurrency.
For The Six Months Ended September 30, 2024, Achieved Total Revenue of $19,720,654, Nearly a Fourfold Increase over The Same Period in 2023.
Net Income Reached $6,044,921 for a Turnaround to Profitability.
Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market.
Expertise in Derivatives Innovation, Market Structure Optimization and Risk Management to Support a Fully Compliant and Globally Competitive Digital Asset Trading and Wealth Management Platform.
Founded in 2015, Metalpha Technology Holding Limited (Stock Symbol: MATH) through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, MATH aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.
Half-Year FY2025 Financial Results with Revenues Up Nearly Four-Fold, Plus Launch of $5 Million Share Repurchase Program
On February 13th MATH announced its unaudited financial results for the six months ended September 30, 2024, with revenue up by an impressive 388% compared to the same period in FY2024. MATH also announced that its Board of Directors has approved a share repurchase program of up to $5 million, reflecting confidence in the Company's future growth.
Since the announcement of a joint venture with Antalpha Technologies Limited on November 8th, 2021, MATH has grown to become a leader in digital asset wealth management, with its robust financial performance demonstrating substantial growth amid increasing adoption of cryptocurrency.
More on illi News
FY2025 Interim Results Highlights
For the six months ended September 30, 2024, MATH achieved total revenue of $19,720,654, nearly fourfold compared to $5,085,150 for the same period in FY2024. Net income reached $6,044,921, a remarkable turnaround from a net loss of $3,856,955 in the prior-year period. The growth was driven by the pursuit of delivering high-quality products and services to clients.
For further information regarding the MATH financial results for the first six months of fiscal year 2025, please refer to the unaudited consolidated financial statements of the Company as of September 30, 2024 and for the six months ended September 30, 2024, furnished to the U.S. Securities and Exchange Commission on Form 6-K and available at www.sec.gov.
$5 Million Share Repurchase Program
Metalpha's Board of Directors has approved a MATH share repurchase program of up to $5 million over the next 36 months. Repurchases may be made from time to time through open market purchases, privately negotiated transactions, or other legally permissible methods, depending on market conditions and the Company's capital requirements.
This MATH share repurchase program reflects Metalpha's confidence in its long-term strategic direction and commitment to deliver value to its shareholders. Through disciplined capital allocation, MATH management aims to enhance per-share value and provide long-term returns for its investors.
Adrian Wang, Chairman and CEO of Metalpha, expressed optimism about the Company's future:
"The robust interim results, coupled with our growing partnerships and expanded financial offerings, showcase our commitment to meet the customer demand. Behind the attractive financial numbers, we made significant investments in areas that are less apparent but even more critical to our success. Best talents, state-of-the-art technology infrastructure, and extremely comprehensive internal control systems are all essential for long-term scalability and sustainability. These efforts demonstrate our dedication to excellence. Looking ahead, we remain focused on advancing technology, enhancing customer experiences, and innovating best digital asset derivative products."
More on illi News
Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market
On February 10th MATH announced it has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company's global expansion strategy and strengthens the UAE's position as a key hub for digital asset management.
Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAE capital's financial sector, and beyond.
Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank's desire to be leaders in the development of global digital-asset infrastructure.
The formation of ZMG7 LLC comes at a time when the UAE is actively embracing fintech innovation and digital asset regulatory frameworks. As part of this joint venture, MATH will leverage its expertise in derivatives innovation, market structure optimization, and risk management to support ZMG7 LLC in building a fully compliant and globally competitive digital asset trading and wealth management platform.
For more information on MATH visit: https://www.metalpha.net
Media Contact:
Company Names: Metalpha Technology Holding Limited (Stock Symbol: MATH)
Contact: Adrian Wang, Chairman and CEO
Email: company@metalpha.finance
Phone: 852-35652921
Country: China
Website: https://www.metalpha.net
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Robust Financial Performance Demonstrating Substantial Growth Amid Increasing Adoption of Cryptocurrency.
For The Six Months Ended September 30, 2024, Achieved Total Revenue of $19,720,654, Nearly a Fourfold Increase over The Same Period in 2023.
Net Income Reached $6,044,921 for a Turnaround to Profitability.
Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market.
Expertise in Derivatives Innovation, Market Structure Optimization and Risk Management to Support a Fully Compliant and Globally Competitive Digital Asset Trading and Wealth Management Platform.
Founded in 2015, Metalpha Technology Holding Limited (Stock Symbol: MATH) through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, MATH aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.
Half-Year FY2025 Financial Results with Revenues Up Nearly Four-Fold, Plus Launch of $5 Million Share Repurchase Program
On February 13th MATH announced its unaudited financial results for the six months ended September 30, 2024, with revenue up by an impressive 388% compared to the same period in FY2024. MATH also announced that its Board of Directors has approved a share repurchase program of up to $5 million, reflecting confidence in the Company's future growth.
Since the announcement of a joint venture with Antalpha Technologies Limited on November 8th, 2021, MATH has grown to become a leader in digital asset wealth management, with its robust financial performance demonstrating substantial growth amid increasing adoption of cryptocurrency.
More on illi News
- Entyre Solutions Launches to Support Senior Living Operators
- Jungbunzlauer Launches New TayaGel® LA at IFT First 2025, strengthening its texturants portfolio USA - English USA - English USA - Français Japan - Japanese USA - Deutsch
- GreenPal Empowers Lawn Care Pros Leveraging AI, Surpasses 5 Million Transactions
- Santa Monica Businesses Push Back on Bus Stop Relocation That Threatens Access and Safety
- Eliza Nevius Reimagines a Classic with a Dark, Witty Twist in The Key to Wonderland
FY2025 Interim Results Highlights
For the six months ended September 30, 2024, MATH achieved total revenue of $19,720,654, nearly fourfold compared to $5,085,150 for the same period in FY2024. Net income reached $6,044,921, a remarkable turnaround from a net loss of $3,856,955 in the prior-year period. The growth was driven by the pursuit of delivering high-quality products and services to clients.
For further information regarding the MATH financial results for the first six months of fiscal year 2025, please refer to the unaudited consolidated financial statements of the Company as of September 30, 2024 and for the six months ended September 30, 2024, furnished to the U.S. Securities and Exchange Commission on Form 6-K and available at www.sec.gov.
$5 Million Share Repurchase Program
Metalpha's Board of Directors has approved a MATH share repurchase program of up to $5 million over the next 36 months. Repurchases may be made from time to time through open market purchases, privately negotiated transactions, or other legally permissible methods, depending on market conditions and the Company's capital requirements.
This MATH share repurchase program reflects Metalpha's confidence in its long-term strategic direction and commitment to deliver value to its shareholders. Through disciplined capital allocation, MATH management aims to enhance per-share value and provide long-term returns for its investors.
Adrian Wang, Chairman and CEO of Metalpha, expressed optimism about the Company's future:
"The robust interim results, coupled with our growing partnerships and expanded financial offerings, showcase our commitment to meet the customer demand. Behind the attractive financial numbers, we made significant investments in areas that are less apparent but even more critical to our success. Best talents, state-of-the-art technology infrastructure, and extremely comprehensive internal control systems are all essential for long-term scalability and sustainability. These efforts demonstrate our dedication to excellence. Looking ahead, we remain focused on advancing technology, enhancing customer experiences, and innovating best digital asset derivative products."
More on illi News
- Naperville Police Initiate Death Investigation
- The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
- Mayor Johnson Appoints Era Patterson As Executive Director Of The Chicago Office Of Public Safety Administration
- Chicago: Mayor Brandon Johnson Attends Groundbreaking For Jigzibik Affordable Housing Complex
- The Sessions Studios Secures $300 Million Commitment to Launch World-Class Studio and 15-Film Global Slate
Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market
On February 10th MATH announced it has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company's global expansion strategy and strengthens the UAE's position as a key hub for digital asset management.
Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAE capital's financial sector, and beyond.
Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank's desire to be leaders in the development of global digital-asset infrastructure.
The formation of ZMG7 LLC comes at a time when the UAE is actively embracing fintech innovation and digital asset regulatory frameworks. As part of this joint venture, MATH will leverage its expertise in derivatives innovation, market structure optimization, and risk management to support ZMG7 LLC in building a fully compliant and globally competitive digital asset trading and wealth management platform.
For more information on MATH visit: https://www.metalpha.net
Media Contact:
Company Names: Metalpha Technology Holding Limited (Stock Symbol: MATH)
Contact: Adrian Wang, Chairman and CEO
Email: company@metalpha.finance
Phone: 852-35652921
Country: China
Website: https://www.metalpha.net
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Source: CorporateAds
Filed Under: Business
0 Comments
Latest on illi News
- Echo Global Logistics Wins Inbound Logistics' #1 3PL for Ninth Year in a Row
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Whirlpool Brand and Premier Lacrosse League Announce Chicago River Stunt in Celebration of the League's Highly-Anticipated Return
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Jungbunzlauer Showcases Bioavailable Mineral Innovations for Gummies at IFT FIRST 2025
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft
- Revenue Valve Tells Why Visual Storytelling Is the Secret Weapon for Healthcare Nonprofits
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Digi 995 Expands Its Universe: All Three Novels Now Available in Paperback Worldwide
- Chicago: Mayor Brandon Johnson on Track to Hit Summer Youth Employment Goal with Almost 29,000 Young People Hired for Third Consecutive Year of Expanded Opportunities
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- Digi 995 Audiobooks Officially Released: Fans Can Now Listen to the Complete Trilogy