Slide 1: Q4 2025 Investor Presentation
Q4 2025 INVESTOR PRESENTATION _ | | DEFI Nasdaq: DEFT CBOECA:DEFI B3:DEFT31 GR: R9B APRIL 2026 Infrastructure for the Convergence of Traditional and Decentralized Finance DeFi Technologies is the picks-and-shovels platform for institutional digital asset markets — delivering regulated investment pro
Slide 2: Disclaimer
[ DISCLAIMER ] ‘This presentation of DeFi Technologies Inc. (“DeFi Technologies", ‘DEFI” or the “Company”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities. The infor
Slide 3: DeFi Technologies Overview
[ COMPANY SNAPSHOT ] DeFi Technologies Overview DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFT) (GR: R9B) is a financial technology company building for the convergence of traditional capital markets and decentralized finance (“Defi”). As a publicly listed and vertically integrated digital ass
Slide 4: Capital Market Profile
[ CAPITAL MARKET PROFILE ] Public Market Capitalization #8 DEFI Technologies Ownership (as of aprit 2026) Company Tickers I Choe CA: DEFI = Nasdaq: DEFT MFRA:RIB 2 B3: DEFT31 52-Week Low/High Basic Shares Outstanding Options Warrants DSU Fully Diluted Shares Outstanding $0.47- $4.95 385.8M 20.2M 54.
Slide 5: One Equity. Full-Spectrum Crypto Exposure.
[ ONE EQUITY. FULL-SPECTRUM CRYPTO EXPOSURE. ] pa DEFI Technologies Own the Future of Finance in One Stock reves € + OOOO « The Most Diversified and Undervalued Exposure to the Digital Asset Economy 100+ Digital Asset Products Across Major Blockchains Through Valour, DeFi Technologies offers the bro
Slide 6: Corporate Structure
[ CORPORATE STRUCTURE ] Experts in financial markets, digital assets and capital markets technology. Wholly Owned Subsidiaries EFLEXIVITY ESEARCH Institutional-grade research bridging TradFi rigor with DeFi fluency, distributed via Bloomberg Terminals, 50K+ newsletters, and a 16.4M+ follower KOL net
Slide 7: DeFi Executive Team & Board
[ DEFI EXECUTIVE TEAM & BOARD | Experts in financial markets, digital assets and capital markets technology. JOHAN WATTENSTROM +; CEO & EXECUTIVE CHAIRMAN > Previously founded XBT Provider, the world’s first Bitcoin ETP PHILIPPE LUCET GENERAL COUNSEL Previously General Counsel at Nestle and <4 Silic
Slide 8: Core Businesses
© 3 DEFI Technologies [ CORE BUSINESSES ] Diverse business lines for secure exposure. A vertically integrated platform — capturing the full value chain of the digital asset lifecycle across issuance, trading, research, and strategic capital. oa) 02 [03] [04 | 05 Digital Asset Management Institutiona
Slide 9: Asset Management
= [01 - ASSET MANAGEMENT ] 7 valour Institutional-grade digital asset management. Valour is an industry-leading issuer of exchange-traded products (ETPs) that enable retail and institutional investors to access digital assets with simplicity and security — available via any existing broker or bank l
Slide 10: Trading Infrastructure
isussioimey) STILMAN = [02+ TRADING INFRASTRUCTURE ] STILLMAN $51B. 8.5M. Premier institutional — _—— liquidity and trading. la Institutional-grade support across the digital asset ecosystem. A global OTC desk providing execution and liquidity services - ye Trading Firms & Exchanges Stablecoin Netwo
Slide 11: Research & Intelligence
= [03 - RESEARCH & INTELLIGENCE ] EFLEXIVITY ESEARCH Institutional research bridging TradFi and DeFi. Institutional-grade market research and data that pairs TradFi rigor with DeFi fluency — delivering actionable insights for complex digital economies to the professionals shaping institutional capit
Slide 12: Strategic Capital
= [04 - STRATEGIC CAPITAL ] Strategic investments powering the future of digital finance. DeFi Ventures identifies and invests in category-defining companies across stablecoins, regulated banking, and mining infrastructure — building the foundation for institutional digital asset adoption. o Regulat
Slide 13: Arbitrage & Alpha
= [05 - ARBITRAGE & ALPHA ] Opportunistic arbitrage at institutional scale. An opportunistic arbitrage desk capturing market inefficiencies through disciplined, risk-managed strategies — converting our platform-wide view of flows, liquidity, and data into proprietary returns. _2 Market Dislocation C
Slide 14: Valour Asset Management
BUSINESS LINE [ VALOUR ASSET MANAGEMENT ] valour | == DEFI Technologies Valour is well-positioned to become the leading issuer of digital assets ETPs Vv Market Demand is High There is a clear and accelerating market demand from retail and institutions that are unable to hold digital assets directly.
Slide 15: ETPs Revenue Model
[ ETPS REVENUE MODEL ] Valour earns revenue on AUM, Trading Flow, and Staking Trading flows are generating revenue*, a function of the volume traced on the exchange. Approx rev/$1bin=52bps Approx profit margins/1bln=50-60% Trading Flow 115 BPS (after commissions) AUM Revenue AUM - Fees in our produc
Slide 16: Year Over Year Inflows ($M USD)
[YEAR OVER YEAR INFLOWS ($M USD) ] valour = © DEFI Technologies Accelerating institutional demand. Net inflows into Valour ETPs have nearly tripled since FY2022 — with FY2025 posting a record $110M as institutional adoption compounds. $110M 100 Nov-Dec surge FY22 FY23 FY24 FY25
Slide 17: AUM: US$622M
100M 200M 100M valour DEFI Technologies AUM: US$622M as of January 01, 2026 Valour products have a track record of success in all pe market conditions. I | | | | | | TTT je ol ms eee eee p ppt...) po RARE ee [STE ETE 022 T_T ETE 00 NS TT
Slide 18: Geographic Expansion Underway
BUSINESS LINE Geographic Expansion Underway will valour | $5 DEFT Technologies Drive AUM and Visibility for Our Foundation Partners Globally
Slide 19: Valour Asset Management
[ VALOUR ASSET MANAGEMENT ] Single Asset ETPs BNB ETP EUR ISIN: CH1149139672 SEK ISIN: CH1149139698 XRP ETP SEK ISIN: CH1161139584 Valour Short Bitcoin (SBTC) SEK ISIN: CH1149139649 HBAR ETP EUR ISIN: CH1213604528 SEK ISIN: CH1213604585 eo9 ‘@ :) ‘@ BTC Zero EUR ISIN: CHO573883474 SEK ISIN: CHO58537
Slide 20: Valour Asset Management
[ VALOUR ASSET MANAGEMENT ] valour | == DEFI Technologies (iH) Single Asset ETPs WLD ETP ) APT ETP FETETP < > ISIN: CH1108679262 ISIN: CH1108679270 SEIETP rx) RNDR ETP © AERO ETP ~€ AR ETP €@) ISIN: CH1108679247 — ISIN: CH1108679288 ISIN: CH1108679296 ISIN: CH1108679304 INJETP Q DOGE ETP rp) AAVE ET
Slide 21: Valour Asset Management
[ VALOUR ASSET MANAGEMENT ] valour | © DEFI Technologies Physical Backed, Basket, and Joint Venture ETPs 1Valour Bitcoin Physical Carbon Neutral EUR ISIN: CH1149139706 Valour Digital Asset Basket 10 (VDAB10) EUR ISIN: CH1149139623 SEK ISIN: CH1161139568 Internet Computer Protocol (ICP) Physical Stak
Slide 22: Valour Product Roadmap
[ VALOUR PRODUCT ROADMAP ] Valour provides easy and safe access to the assets that are shaping our future Digital Assets Bitcoin Ethereum Solana Uniswap Avalanche Polkadot Cosmos Atom Monero Polygon Dodge BNB ICP Hedera Ripple Bitcoin Warrants Bitcoin Leverage 5x Crypto Top110 Index Crypto Momentum
Slide 23: Why Exchange Traded Products?
[ WHY EXCHANGE TRADED PRODUCTS? ] ETPs provide investors with several benefits over buying crypto directly en oun Diversity Valour’s ETPs provide investors with unparalleled access to single digital assets and comprehensive digital asset indexes through single trades. BORSE FRANKFURT iy EURONEXT Qo
Slide 24: Why DeFi Technologies
[ WHY DEFI TECHNOLOGIES ] Digital assets are transforming the financial system. Trusted and Familiar Investment Vehicle DeFi Technologies is a publicly traded company founded by digital asset industry pioneers to provide regulated and secure access to digital assets and decentralised finance through
Slide 25: Record Revenue of $99.1M, Record Net Income of $62.7M
=S DEFI Record Revenue of $99.1M, Record Net Income of $62.7M DeFi Technologies reported record annual revenue of $99.1 million and record net income of $62.7 million for fiscal year 2025, representing a 215% increase in revenue and a $90.3 million improvement in net income year-over-year. $99.1M 21
Slide 26: Balance Sheet Transformation
I BALANCE SHEET TRANSFORMATION 1 br} DEFI Technologies From turnaround to scale. FY2024 to FY2025 — cash more than 7x, revenue tripled, net income flipped, and OpEx contracted Metric FY 2024 FY 2025 Change Cash Balance $15.9M $113.8M +614% Revenue $31.4M $99.1M +215% Net Income -$27.6M $62.7M +$90.3
Slide 27: FY2025 Key Financial And Business Metrics
[ FY2025 KEY FINANCIAL AND BUSINESS METRICS] = DEFI Technologies A year of record performance. Revenue, income, and AUM all reach company highs while operating costs contract — the inflection year for DeFi Technologies. $99.1 $62.7 $809.9m FY2025 Revenue +215% YoY FY2025 Net Income +$90.3M YoY Avera
Slide 28: Year Over Year IFRS Revenue Growth ($M USD)
[ YEAR OVER YEAR IFRS REVENUE GROWTH ( $M USD )] = DEFI Technologies Five years, one clear inflection. From an FY2022 loss to $99.1M in FY2025 — a 3.2x step-up over FY2024 driven by Valour scale and platform earnings. $99.1M FY21 FY22 FY23 FY24 FY25
Slide 29: Valuation Comparison
[ VALUATION COMPARISON] = DEFI Deeply Undervalued Relative to Public Market and Crypto Peer Valuations Category Avg. Trailing P/E Multiple Basis DEFT Implied Mkt Cap Upside vs. Today Listing Bitcoin Miners ~41x Avg. of miners $2.57B +760% Matha) Crypto Exchanges & ~37x Bi SOS OIN 0s) OCD) $2.32B +67
Slide 30: Thank You
— DEF] «224: 8FT coe ca:perr Gr: 9s 3: beFT31 INVESTOR PRESENTATION w= APRIL 2026 Thank you. www.defi.tech @DeFiTechGlobal bo Ce eS Od, a. Io ee ee ey tot ee | tot bobot odo to bo bo bod bod a bh ob ob eb ob bo bok ek ek kk oe ele lh lhl lot Poiot tt @ bo tot te dot tb @ b bt b bb bP ew Pe Pe Pe ele