Advanced Blockchain: Initial assessment of the top ten portfolio holdings highlights growth and demonstrates investment success / Publication of the 2022 annual report

Advanced Blockchain: Initial assessment of the top ten portfolio holdings highlights growth and demonstrates investment success / Publication of the 2022 annual report
 

• Revenue in 2022: EUR 14.729 million
• EBITDA in 2022: EUR 2.767 million, net income of EUR 1.761 million
• Outlook for 2023: Growth with declining costs

Berlin, June 29, 2023 - Advanced Blockchain AG ("AB," Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect, and investor in the blockchain industry, today announces the release of its annual financial statement and unaudited consolidated financial statements for the year 2022. Through the initial assessment of the top ten portfolio holdings of the corporate group by an independent valuation company, Advanced Blockchain AG emphasizes its position as an innovation leader in the industry and demonstrates its investment successes.


Results for 2022
The consolidated figures for the year 2022 demonstrate a stable development of Advanced Blockchain AG despite challenging market conditions. Like the global economy, the industry faced significant challenges in the past year.

The group's revenue amounted to EUR 14.729 million compared to EUR 17.862 million in the previous year. Earnings before interest, taxes, and depreciation (EBITDA) reached EUR 2.767 million compared to EUR 6.649 million in the previous year, and net income amounted to EUR 1.761 million (prior year: EUR 5.317 million). The disclosed consolidated equity increased to EUR 15.561 million compared to EUR 12.047 million in the previous year.


Independent portfolio assessment
The external and independent assessment of the top ten portfolio holdings as of May 31, 2023, resulted in a total valuation of EUR 39.65 million based on acquisition costs of EUR 4.67 million. These data are available in the company presentation on the website under the "Investor Relations" section, as well as in the published 2022 annual report.

"The initial assessment of our top ten portfolio holdings is an important step to provide our investors with more transparency and insights into our portfolio," explains Simon Telian, CEO of Advanced Blockchain AG. "Through our collaboration with AVS-Valuation GmbH, we were able to conduct an independent and well-founded assessment of our most significant portfolio holdings to further strengthen the trust of our partners and investors. This marks the first inclusion of token values in portfolio valuation in the German blockchain industry. It is particularly important for us to obtain objective assessments of our past investment success in the form of current valuations, which demonstrate our continued success to date and provide a foundation for further growth."


Outlook for 2023
For the ongoing fiscal year 2023, Advanced Blockchain AG's management continues to focus on sustainable growth while paying attention to cost structures. The company aims to further reduce costs in the current fiscal year 2023.

On the earnings side, profits from token transactions are expected, especially from over-the-counter (OTC) deals. In addition, there are potential revenue opportunities through upcoming token launches (TGE) where investments can be realized.


Audited financial statements
Due to the initial audit by Abstoß & Wolters GmbH & Co. KG Wirtschaftsprüfungsgesellschaft, the audit of the 2022 consolidated financial statements will take further time. The company is working diligently to publish the audited consolidated figures by the end of July at the latest.

The 2022 annual report of Advanced Blockchain AG is now available on the company's website at www.advanced-blockchain.com/investor-relations.



About AVS-Valuation GmbH:
AVS-Valuation GmbH is a renowned German company specializing in risk management and valuation services, maintaining strategic partnerships with Deloitte Audit Analytics, among others. It supports Advanced Blockchain AG in its ongoing portfolio valuation.


About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the blockchain industry with an extensive network of analysts, developers, programmers, economists, and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and fostering innovation in various ecosystems and markets within the industry.

For further information about Advanced Blockchain AG, its various projects, and investments, please visit https://www.advancedblockchain.com/.

Disclaimer:
Deviation may occur, among other things, due to the tax classification of business transactions, improvement rights, or performance-based commissions. Past values do not allow predictions for the future.

Contact:
ir@advancedblockchain.com