EQS-News

Advanced Blockchain significantly improves earnings in the first half of 2023

EQS-News: Advanced Blockchain AG / Key word(s): Half Year Report Advanced Blockchain significantly improves earnings in the first half of 2023 29.09.2023 / 10:36 CET/CEST The issuer is solely responsible for the content of this announcement. Advanced Blockchain significantly improves earnings in the first half of 2023

• Sales: € 1.2 million
• EBIT: € 0.5 million
• Net liquidity: more than € 0.3 million

29 September 2023 – Advanced Blockchain AG ("AB," Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect, and investor in the blockchain industry, developed according to plan in the first half of the year. Sales reached € 1.2 million in the first six months of 2023 (H1 2022: € 23.4 million). The previous year was characterized by OTC token transactions and strategic expansions of the business model. In contrast, EBIT improved significantly to €0.5 million (H1 2022: €-0.5 million). Net liquidity was over €0.3 million at the end of June 2023.

In H1 2023, Advanced Blockchain invested around €3 million in promising projects and disruptive technologies.

Simon Telian, CEO of Advanced Blockchain commented, "With the crypto market continuing to be highly volatile, we were able to significantly improve earnings as planned. We consistently continue on our path as an innovation leader in the industry, with a clear focus on margins and efficiency improvements. We firmly believe that blockchain-oriented business models have enormous growth potential. Recent developments in European regulation support our assessment."

As of May 31, 2023, Advanced Blockchain has for the first time had a valuation of the top10 portfolio stocks conducted, which demonstrates the company's investment success. The external and independent valuation of the Top10 portfolio assets resulted in a total valuation of EUR 39.65 million based on acquisition costs of EUR 4.7 million, marking the first time in the German blockchain industry that token assets are included in the portfolio valuation.