Strong Pro Forma Revenue Growth
Pro forma revenue for 2025 was $13.6M, an 80% increase year‑over‑year versus 2024 (pro forma basis). Audited revenue was $8.4M (up from $7.6M in 2024). 2026 guidance targets $20M–$22M (≈48% growth vs 2025 pro forma).
Large Increase in Revenue Per Paying Student
Revenue per paying student rose from $161 to $1,856 in 2025, a 1,053% increase (10x), reflecting a strategic shift from free mass access to higher‑value premium learning journeys.
Operational Profitability and Unit Targets
All three business units (Genius School, Genius Academy, Genius Resorts) achieved operational profitability as a group in Q4 2025. 2026 unit revenue targets: Genius School >$6M, Genius Academy >$6M, Genius Resorts >$8M; consolidated 2026 guidance includes positive EBITDA of $1.5M–$2M.
Genius Resorts Performance and Expansion
Genius Resorts generated $2.2M in audited revenue from August–December 2025 (five months). The business is expected to contribute over $8M in 2026 as new locations and events scale and Genius City development commences.
Acquisitions & Strategic Assets
Completed acquisition of a 51% stake in Pro Ed (Cambridge system) and acquisition of Entrepreneur Resorts (four learning destinations). Total assets grew ~37% to $136.9M and shareholders' equity reached ~$96.6M.
Cash Flow & Balance Sheet Improvements
Cash used in operations improved substantially, down 76% from $46.3M in 2024 to $10.6M in 2025. Subsequent sale of ~102.6 BTC for ~$7.3M reduced a Bitcoin‑backed loan from $8.5M to $3.3M.
Scale and Market Reach
Global reach of 6.1M students/users across 100+ countries (up from 5.8M in 2024, ≈5.2% growth). Company positions itself in a large lifelong learning market (cited $10T opportunity by 2030).
Genius City Development – Proof of Concept
Joint venture for Genius City at Nuanu (Bali) closed: 44 hectares, project cost $28.3M, target 3‑year revenue $19.8M/year and operating profit $5.8M annually; construction begins 2026 with completion targeted end of 2027—intended as a replicable campus model.
Corporate Governance & Shareholder Actions
Executed share buybacks, insider purchases on the open market, released liens on assets tied to earlier debt, commenced ASX dual listing process, and launched a $0.10 per share Bitcoin loyalty payment program for qualifying shareholders.