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DeFi Technologies Reports Record 2024 Financial Results and Strategic Growth

Story Highlights
  • DeFi Technologies Inc. reported record 2024 financial results with strong revenue growth.
  • The company achieved a 132% increase in assets under management, gaining institutional recognition.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

DeFi Technologies ( (TSE:DEFI) ) just unveiled an announcement.

DeFi Technologies Inc. announced record financial results for 2024, with adjusted revenues of C$204.4 million and adjusted net income of C$115.07 million, reflecting strong operational performance and significant revenue growth. The company also reported a substantial 132% growth in assets under management (AUM) to C$1.18 billion, driven by favorable market conditions and strategic initiatives. DeFi Technologies has gained institutional recognition, being included in several prominent indices and investment vehicles, which underscores its strategic direction and role in the digital asset ecosystem. Looking forward, the company forecasts continued revenue growth in 2025, supported by its asset management business and market conditions.

More about DeFi Technologies

DeFi Technologies Inc. is a financial technology company that focuses on merging traditional capital markets with decentralized finance (DeFi). The company is involved in asset management and offers products like staking, lending, and management services, aiming to enhance trading volumes and financial performance within the digital asset ecosystem.

Average Trading Volume: 455,238

Technical Sentiment Signal: Sell

Current Market Cap: C$51.06M

Find detailed analytics on DEFI stock on TipRanks’ Stock Analysis page.

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