Key points
- DigitalX pivots strategy from Bitcoin accumulation to cash flow and operational efficiency
- FY26 revenue down 5% to $3.63M, loss after tax down 67.9% to $(1.92M)
- Sell My Shares division achieved record revenue of $2.9M
- On-market share buy-back program acquired 90.8M shares at 35% discount to NAV
- DigitalX holds $54.9M in cash, Bitcoin, and other investments
Full summary
DigitalX Ltd's FY26 results showed a strategic shift towards a focus on cash flow generation and operational efficiency. The company reported a 5% decrease in revenues to $3.63M and a significant reduction in loss after tax to $(1.92M), down from $(5.98M) in FY25. The company liquidated a portion of its Bitcoin holdings to build cash reserves, ending the year with $54.9M in cash, Bitcoin, and other investments. The Sell My Shares division achieved record revenue of $2.9M, a 20% increase from the previous year. DigitalX also initiated an on-market share buy-back program, acquiring 90.8M shares at a 35% discount to net asset value. The company plans to deploy a $30M Strategic Investment and Acquisition Program into digital asset infrastructure businesses and Bitcoin-aligned opportunities.
Guidance
FY26 revenue $3.63M, loss after tax $(1.92M); FY27 focus on deploying Strategic Investment Program
Outlook
DigitalX plans to deploy the $30M Strategic Investment and Acquisition Program into digital asset infrastructure businesses and Bitcoin-aligned opportunities. The company aims to complete the current buy-back program and implement market-neutral Bitcoin strategies.