Business
Audited Results for the 12 months ended 31 De...
Audited Results for the 12 months ended 31 De....
About this update from Kr1 Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nTuesday, 13 May 2025 KR1 plc (the “Company”) Audited Results for the Twelve Months Ended 31 December 2024KR1 plc (KR1:AQSE), a leading digital asset company, is pleased to announce its audited results for the twelve months ended 31 December 2024 (“FY24”). Income from Digital Assets Highlights- Income from Digital Assets of £13.0 million for 2024- increase of 50.6% on FY23 (£8.7 million)- Income from Staking activities of £12.8 million for 2024- increase of 86.4% on FY23 (£6.9 million)- Staking activities represented 98.3% of the Company’s Income from Digital Assets for FY24- compared to 79.4% for FY23, after phase-out of Polkadot parachain rewards- Main networks contributing to Income from Staking activities for FY24- Staking activities on Celestia (£6.1 million)- Staking activities on Polkadot (£4.1 million)- Staking activities on Cosmos (£1.7 million) Holdings & Net Asset Highlights- Largest five digital asset holdings as at 31 December 2024, all relating to the Company’s staking activities on major proof-of-stake networks- Celestia (“TIA”), £27.6 million- Polkadot (“DOT”), £27.5 million- Lido (“LDO”), £16.4 million- Lido Staked ETH (“stETH”), £14.6 million - Cosmos (“ATOM”), £9.8 million- As at FY24 year end, net assets of £139.4 million, representing 78.76 pence per share - A decrease of 28.5% on FY23 year end (£195.0 million, 109...