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Goldmoney Inc. Reports Fiscal Year 2024 Annual Results and Publishes Annual Letter to Shareholders
Toronto, Ontario--(Newsfile Corp. - June 19, 2024) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Gold...
About this update from Goldmoney Inc.
[{"type":"text","content":"Goldmoney Inc. Reports Fiscal Year 2024 Annual Results and Publishes Annual Letter to ShareholdersToronto, Ontario--(Newsfile Corp. - June 19, 2024) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) (\"Goldmoney\" or the \"Company\"), today announced financial results for the fiscal year ended March 31, 2024. All amounts are expressed in Canadian dollars unless otherwise noted. Financial HighlightsGroup Tangible Capital of $126 million, a decrease of 11% YoY.Group Tangible Capital per Share of $9.60, a decrease of 5.5% YoY.Group Tangible Capital per Share excluding MENE of $8.03, an increase of 4.4% YoY.Adjusted Net Income of $16.7 million, an increase of 15% YoY.Repurchased and cancelled total of 726,160 shares at an average purchase price of $8.46 in fiscal year 2024 with a further 212,600 shares cancelled in relation to the SchiffGold divestiture. In total, shares outstanding were reduced by 6.1% YoY.Annual Performance Metrics Table($000s, except earnings per share)20242023202220212020Key Performance Metrics (Balance Sheet)Shares outstanding13,137 13,996 15,126 15,118 15,579 Tangible equity exclusive of MENE 105,457 107,599 100,032 90,83082,931 Tangible equity per share exclusive of MENE 8.03 7.69 6.61 6.01 5.32 Key Performance Metrics (Operational)Precious metal revenue59,28884,844131,855359,780301,787Investment property rental income6,286----Interest income2,6441,7893888611,926Total revenue68,21786,633132,242360,641303,713Precious metal operating expenses43,54565,125119,064344,547296,670Total operating income24,67221,50813,17916,0947,044Expenses17,82317,16523,16212,46212,118Other (income) expenses28,427(1,503)(2,537)(6,183)5,215Income tax (recovery)509501(218)--Net income (loss)(22,087)5,345(7,228)9,815(10,289)Non-IFRS adjusted net income (loss)16,74914,5527,24214,081(9,602)Total assets185,478176,051 176,963 190,218 184,690 Total liabilities44,3013,9282,0279,72312,255 Annual Shareholder LetterRead the full Goldmoney Inc. Fiscal Year 2024 Shareholder Letter here.About Goldmoney Inc.Goldmoney Inc. (TSX: XAU) specializes in the investment and custody of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. Goldmoney also maintains diversified interests in property investment and jewelry manufacturing. For more information about...