NDA:CC - Neptune Reports Robust Growth, Strategic Expansion and Comprehensive Net Income of $24.6 Million for the Nine Months Ended May 31, 2025
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) ("Neptune" or the "Company"), a blockchain leader in Canada, is pleased to announce the release of its condensed consolidated interim financial statements and management discussion and analysis for the nine months ended May 31, 2025.
Neptune has reported robust financial and operational growth through May 31, 2025, underscoring its strategic focus on digital assets and transformative investments:
- Total Assets Grew to $82.2 Million
As at May 31, 2025, a 62% increase over August 31, 2024 fiscal year end, driven by growth in digital currencies, which more than doubled from $31.3 million to $64.9 million.
- Bitcoin Holdings Strengthened
Neptune's current Bitcoin treasury grew to approximately 405 Bitcoin (BTC), valued at $65.8 million, with an average cost of US$33,011 per BTC. Expansion continues via mining, staking conversions, and direct acquisitions, reinforcing a long-term accumulation strategy in the world's most valuable digital asset.
- Solana Position Expanded
Current holdings total 35,460 Solana (SOL), up from an initial 26,964 SOL at an average cost of US$64. Staking strategies and partnerships have supported sustained growth and value capture. Neptune currently has open options trades representing an additional 3,000 Solana.
- Revenue Update
Gross revenues for nine months ended May 31, 2025, reached $1.8 million, sourced from Bitcoin mining, staking, DeFi, and other activities. A decline from $2.5 million in the same period of the prior year reflects the impact of post halving mining revenue reductions.
- Top Digital Asset Holdings
Neptune's largest positions are 405 BTC, 35,457 SOL, and 216,814 ATOM, alongside diversified positions in ETH, DOGE, DOT, S (formerly FTM), DASH, GRT, OCEAN, and others.
- Adding to Strategic Investments in SpaceX
Neptune continues to expand its stake in frontier industries beyond blockchain, such as acquiring ownership of SpaceX shares. The Company's shares of SpaceX are valued at approximately $8.2 million as of May 31, 2025. Neptune continues to evaluate acquiring additional SpaceX shares based on private marketing terms and underlying fundamentals of such investment.
- Liquidity Update
Neptune maintains a US$25.0 million revolving line of credit with Sygnum Bank, of which US$6.4 million is currently drawn.
"With Bitcoin recently reaching new all-time highs and the U.S. GENIUS Act establishing a federal framework for stablecoins, Neptune's strategic positioning and asset expansion are aligned with the most significant developments in the digital asset sector to date," said Cale Moodie, Neptune's CEO. "As the digital asset ecosystem enters a new phase of mainstream integration, Neptune remains well-capitalized, strategically diversified, and poised to benefit from the expanding global demand for blockchain-based financial infrastructure."
| Operating and Financial Overview |
| () |
| For the nine months ended |
| May 31, 2025 |
| May 31, 2024 |
| Mining revenue |
| 666,970 |
| 1,539,179 |
| Staking revenue |
| 726,881 |
| 419,003 |
| Direct mining expenses (not incl. depreciation) |
| (662,841 |
| ) |
| (1,175,078 |
| ) |
| Other income* |
| 404,416 |
| 513,392 |
| Total earnings |
| 1,135,426 |
| 1,296,496 |
| Depreciation** |
| 138,365 |
| 215,386 |
| Stock based compensation** |
| - |
| 234,894 |
| General expenses |
| 1,666,215 |
| 1,244,186 |
| Realized gain on settlements and sales |
| 966,491 |
| 153,914 |
| Revaluation gain on digital currencies*** |
| 22,119,466 |
| 20,619,885 |
| Unrealized gain related to equity investments |
| 2,138,612 |
| 4,442,156 |
| Comprehensive income for the period |
| 24,555,415 |
| 24,817,985 |
| Financial Position |
| () |
| As at |
| May 31, 2025 |
| August 31, 2024 |
| Cash and receivables |
| 1,413,645 |
| 6,398,130 |
| Total digital assets |
| 64,863,281 |
| 31,288,165 |
| Total other assets |
| 15,935,427 |
| 13,004,152 |
| Total liabilities |
| 7,888,361 |
| 805,904 |
| Total shareholders' equity |
| 74,323,992 |
| 49,884,543 |
| Working capital**** |
| 3,122,927 |
| 11,714,173 |
| * All non-Bitcoin mining, non-Staking revenue, and non-DeFi revenue generating activities |
| ** Non-cash items, including depreciation of mining rigs |
| *** Revaluation is calculated as the change in value (gain or loss) on digital currencies. When digital currencies are sold, the net difference between the proceeds received and the cost of the digital currencies determined on a First-in, First-out basis, is recorded as a gain (loss) on the sale of digital currencies |
| **** Current assets less current liabilities |
About Neptune Digital Assets Corp.
Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated cutting-edge technology. Our unwavering commitment to innovation and strategic growth enables us to continually explore new opportunities and maximize value for our shareholders. For more information about Neptune Digital Assets Corp., please visit our website at www.neptunedigitalassets.com or follow us on Twitter (@NeptuneDAC).
ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX ?Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.?
Forward-Looking Statements
This release contains certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "proposes" or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements in this news release include, extrapolating continued growth in digital currency assets based on past results, Bitcoin holdings and value will continue to increase, the Company will complete option trades to acquire additional Solana and completing investments into sectors other than blockchain, Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties.
The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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