TenX Protocols Reports Fiscal 2026 Financial Results

About this update from Tenx Protocols Inc

TenX Protocols Reports Fiscal 2026 Financial ResultsEnded the year with $4.8 million in cash, $9.3 million in direct digital assets and $15.4 million in total assetsToronto, Ontario--(Newsfile Corp. - July 29, 2026) - TenX Protocols Inc. (TSXV: TNX) (FSE: L47) (the "Company"), together with its wholly owned subsidiary, TenX Labs Inc. (collectively, the "Group"), today announced its financial results for the year ended March 31, 2026. The Company has filed its audited consolidated financial statements and related management's discussion and analysis (the "MD&A") for the year ended March 31, 2026. The filings are available under the Company's profile on SEDAR+.Fiscal 2026 Financial HighlightsCash: $4,796,818 at March 31, 2026, compared with $2,187,430 at March 31, 2025.Direct digital assets: $9,335,791 at March 31, 2026, consisting of $7,002,667 of staked assets and $2,333,124 of assets held in custody, compared with $938,877 at March 31, 2025.Investment fund: A year-end fair value of $987,330 for the Group's investment fund interests providing economic exposure to 10,752.73 SOL.Total assets: $15,440,205 at March 31, 2026, compared with $3,180,307 at March 31, 2025.Staking revenue: $142,814 for fiscal 2026, compared with $838 for the comparative period.Net loss: $17,923,876 for fiscal 2026, compared with $331,246 for the comparative period. The fiscal 2026 loss was driven primarily by a $13,672,108 non-cash revaluation loss on digital assets, a $936,198 non-cash stock-exchange listing expense and a $226,124 non-cash impairment of intangible assets.Cash flows: Net cash used in operating activities was $2,122,335, net cash used in investing activities was $1,230,425 and net cash provided by financing activities was $5,962,148.Fiscal 2026 Business HighlightsCompleted the Company's arm's-length qualifying transaction on December 5, 2025 by way of a three-cornered amalgamation, resulting in TenX Labs Inc. becoming a wholly owned subsidiary of the Company.Converted 39,904,695 subscription receipts into 39,904,695 common shares and 19,952,346 common share purchase warrants. Aggregate recognized consideration from the brokered and non-brokered financings was $28,483,121, including $22,117,316 of contributed digital assets.Expanded the Group's portfolio across Solana, Tezos, BONK, SEI, USDC, Sui and Ethereum and continued to deploy eligible assets across proof-o...

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