Shares of DeFi Technologies Inc. (DEFT) climbed sharply Wednesday. The reason? The company posted some very strong fiscal 2025 results, showing not just growth but actual, substantial profit. It's a story about improving fundamentals and a balance sheet that suddenly looks a lot more robust.
The move follows updated disclosures that highlight a solid liquidity position and the company's strategic push to act as a bridge—connecting the world of traditional capital markets with the infrastructure of decentralized finance.
Let's talk numbers. Preliminary figures show the company ended its fiscal year with total cash, treasury holdings, and venture portfolio value of approximately $178.7 million. That's a sign of a significantly strengthened financial position.
The headline performance numbers are even more striking. For the full fiscal year 2025, DeFi Technologies reported revenue of $99.1 million and net and comprehensive income of $62.7 million. Zooming into the fourth quarter, results included $20.0 million in revenue and $28.9 million in net income.
Put those annual figures in context: they represent a 215% increase in revenue year-over-year. More impressively, they reflect a $90.3 million improvement in net income compared to the prior year. That's not just growth; that's a massive swing to profitability.
Breaking down that $178.7 million year-end position: the company held $113.8 million in plain old cash. Its digital asset treasury holdings were worth about $35.5 million, and its venture and private portfolio was valued at roughly $29.4 million.
CEO Johan Wattenström pointed to what he sees as the big picture. "There is a significant long-term opportunity to build products and infrastructure that facilitate capital flows between traditional finance and decentralized ecosystems," he said. In other words, the company is betting on being a crucial piece of plumbing as these two financial worlds increasingly interact.
The company noted it is preparing to file its formal 2025 annual report with the SEC, which should provide more granular detail on the financial performance and strategic priorities.
In a separate announcement, DeFi Technologies appointed Jacob Lindberg as the chief revenue officer of Valour, its asset management division. His mandate is to lead the division's expansion across the Nordic region and Europe.
Investors liked what they saw. At the time of publication, DeFi Technologies shares were up 24.71%, trading at $0.68.
