Nucor earnings beat by $0.08, revenue fell short of estimates
LONDON - Valereum Plc (AQSE:VLRM) reported its first positive EBITDA of £0.4 million for the year ended December 31, 2024, compared to a loss of £0.3 million in 2023, according to the company’s annual results released Monday.
The blockchain and digital markets company attributed the financial improvement to gains from its holding in Vinanz Ltd, which is listed on the London Stock Exchange (LON:LSEG), along with negotiated cost reductions.
Total (EPA:TTEF) assets increased to £5.0 million from £2.4 million in 2023, reflecting both the increased value of the Vinanz Ltd holding and assets acquired through the GSX Group acquisition completed in January 2024.
The company eliminated all debt during the reporting period, down from £0.2 million at the end of 2023, following a £2.3 million capital injection from its Chairman.
"We are pleased to report an improvement in the financial performance and position of the Company in 2024, which, together with the recent increase in the value of our investment in Vinanz Ltd, puts us in a position of strength as we begin generating revenues," said Karl Moss, CFO of Valereum Plc.
Valereum describes itself as a company focused on unlocking capital and creating value in tokenized digital markets, operating as both a marketplace operator and technology solutions provider.
The financial results were released in a regulatory announcement based on the company’s audited financial statements for the 12-month period ending December 31, 2024.
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