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AFRICA BITCOIN CORPORATION LIMITED - ABC Unaudited Interim Results and Availability of ACOF Unaudited Interim Results

Release Date: 02/10/2025 17:15
Code(s): BAC BACA BACB BACC     PDF:  
Wrap Text
ABC Unaudited Interim Results and Availability of ACOF Unaudited Interim Results

AFRICA BITCOIN CORPORATION LIMITED
(formerly Altvest Capital Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2021/540736/06)
LEI Number: 37898OOE85B7YW5EEW57
Ordinary Share Code (JSE): BAC                   ISIN: ZAE000337051
Ordinary Share Code (NSX): BAN
Preferred A Ordinary Share Code (JSE): BACA      ISIN: ZAE000338422
Preferred B Ordinary Share Code (JSE): BACB      ISIN: ZAE000338430
Preferred C Ordinary Share Code (JSE): BACC      ISIN: ZAE000338448
Preferred C Ordinary Share Code (NSX): BANC
("Africa Bitcoin Corp" or "ABC" or the "Company" or the "Group")

AFRICA BITCOIN CORP UNAUDITED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED
31 AUGUST 2025 AND AVAILABILITY OF ACOF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS
ENDED 31 AUGUST 2025

AFRICA BITCOIN CORP UNAUDITED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED
31 AUGUST 2025

The Company is pleased to publish its unaudited consolidated interim financial statements for the six months ended
31 August 2025.

Salient features:

                                                                                 Unaudited six       Unaudited six
                                                                                 months ended         months ended
                                                                                31 August 2025      31 August 2024
 Revenue                                                            Rand             7 709 882           3 013 317
 Profit / (loss) attributable to ordinary shareholders              Rand            21 449 115          (6 169 622)
 Basic earnings / (loss) per ordinary share                Rand per share                 1.94               (0.62)
 Headline earnings / (loss) per ordinary share             Rand per share                 1.94               (0.62)
 Net asset value per ordinary share                        Rand per share                13.40                6.44

No dividend has been declared or proposed during the period ended 31 August 2025 (31 August 2024: R Nil).

Outlook

The Board of directors of ABC ("Board") wishes to provide shareholders with an update on the Group's forward-
looking priorities and strategic direction following the strong performance delivered in the interim period ended 31
August 2025.

    •   The Group is positioned to benefit from increasing institutional and retail adoption of Bitcoin in Africa.

    •   Strong momentum in capital commitments for Altvest Credit Opportunities Fund Limited ("ACOF") is
        expected to accelerate loan disbursements and broaden SME financing reach.

    •   Focus remains on building a resilient platform, underpinned by prudent risk management, governance and
        shareholder value creation.

    •   Our secondary listing on the Namibian Securities Exchange (NSX) signals a powerful step in strengthening
        our Pan African capital market presence.

The Board remains optimistic about ABC's growth trajectory and believes the Group is well positioned to capitalise
on emerging opportunities across the African investment and digital asset landscape.

ABC Interim Results

This announcement is the responsibility of the Board and is only a summary of the information contained in the
unaudited consolidated interim financial statements for the six months ended 31 August 2025 ("ABC Interim
Results") and does not contain full or complete details. Any investment decisions by investors and/or shareholders
should be based, as a whole, on consideration of the ABC Interim Results published via SENS and which may be
accessed from the following websites:

-      ABC's website: https://africabitcoincorporation.com/results/ABC-Interim-Results-August-2025
-      JSE cloudlink: https://senspdf.jse.co.za/documents/2025/jse/isse/bace/int2025.pdf

Copies of the ABC Interim Results are also available for inspection at ABC's offices on workdays during business
hours, at no charge, or a copy can be requested from the Company at info@africabitcoincorporation.com at no
charge.

This announcement and the ABC Interim Results have not been reviewed or reported on by the auditors of the
Company.

AVAILABILITY OF THE ACOF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED
31 AUGUST 2025

Shareholders are advised that ACOF has published its unaudited interim financial statements for the six months
ended 31 August 2025 (the "ACOF Interim Results") on the CTSE website. The ACOF Interim Results are
available on ACOF's website at https://acof.co.za/results/ACOF-Interim-Results-August-2025.


Johannesburg
2 October 2025

JSE Debt Issuer Agent                                 NSX Sponsor
Questco Corporate Advisory                            Cirrus Securities (Pty) Ltd
                                                      Member of the Namibian Stock Exchange

Date: 02-10-2025 05:15:00
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