**Summary of GSTechnologies Ltds Final Results for the Year Ended 31 March 2025**
**Operational Highlights**
**Bake Cryptocurrency Platform Integration:** Completed full integration of the Bake platform following the acquisition of Cake Pte. Ltd. and Cake DeFi UAB, enhancing the GS20 Exchange platforms international presence and capabilities.
**GS Money Strategy Progress** Significant advancements in developing a borderless Neobanking platform, focusing on money remittance and digital asset exchange services.
**European Expansion** Agreement to acquire MetaPay SP. Z.O.O in Poland to increase reach across the EU payments market.
**Financial Highlights**
**Net Operating Income** Increased by 91% to US$2.96 million (FY24: US$1.55 million).
**Net Loss** US$2.29 million (FY24: US$1.22 million loss) due to continued investment in GS Money solutions.
**Equity Fundraising** Successfully raised £3.75 million to accelerate GS Money strategy and acquisitions.
**Cash Position** US$4.21 million as of 31 March 2025 (31 March 2024: US$2.61 million).
**Net Assets** Increased significantly to US$8.44 million (31 March 2024: US$5.34 million).
**Post Period Highlights**
**Bitcoin Treasury Reserve Policy** Adopted a policy to hold a significant portion of cash in Bitcoin, aligning with the GS Money strategy and reducing counterparty and exchange rate risks.
**Additional Fundraising** Raised £1.925 million to build the Bitcoin treasury reserve.
**Chairmans Statement**
Focus on developing a borderless Neobanking platform through organic growth and acquisitions, including the transformative acquisition of CAKE.
Expansion of Angra Globals services with an EMI licence application and the acquisition of Metapay to enhance European presence.
Growth in GS20 Exchange and Bake platform, with a refreshed brand and unified customer experience.
Integration of Semnet Pte Ltd for enhanced cybersecurity support and potential NASDAQ listing.
Adoption of a Bitcoin treasury policy to enhance shareholder value and reinforce leadership in digital assets.
**Financial Review**
**Revenue Growth** 91% increase in revenue to US$2.96 million, driven by fintech and cybersecurity businesses.
**Operating Loss** Increased to US$2.31 million due to higher operating expenses and investments in GS Money solutions.
**Balance Sheet Strength** Net assets grew to US$8.44 million, supported by acquisitions and business progress.
**Independent Auditors Report**
Unqualified opinion on financial statements, with key audit matters including revenue recognition, management override of controls, cryptocurrency asset accounting, and impairment of intangibles.
**Segment Reporting**
Operates as a single reportable segment focused on blockchain-enabled financial services, with no individual component meeting quantitative thresholds for separate reporting.
**Subsequent Events**
Adoption of Bitcoin Treasury Reserve Policy and additional fundraising.
Initiation of arbitration proceedings against former sellers of Semnet Pte Ltd.
**Conclusion**
GSTechnologies Ltd demonstrated significant operational and strategic progress in FY25, with a focus on expanding its fintech and digital asset services. Despite a net loss, the company strengthened its financial position and is well-positioned for future growth through strategic acquisitions and innovative initiatives like the Bitcoin treasury policy.