Capital B Announces 2025 Financial Results Amid Strategic Shift

Capital B, listed on Euronext Growth Paris, reported a net loss of €62.2 million for the fiscal year ending December 31, 2025. The loss was primarily due to a significant €53.9 million impairment of Bitcoin (BTC) holdings, not affecting cash flow. The Group's total revenue fell 19% to €11.2 million from the previous year, attributed to staff turnover post-recovery from judicial proceedings.

The adjusted EBITDA showed a negative €2.7 million, influenced by €4.1 million in costs related to its strategic Bitcoin Treasury Company initiative. Despite this, its foundational entities IORGA and TRIMANE posted a positive combined adjusted EBITDA of €1.2 million.

In alignment with its strategic goals, Capital B significantly increased its BTC holdings, raising €278.3 million and acquiring 2,783 BTC, bolstering its bitcoin per share ratio over the year. The Group held €3.5 million in cash and 59 Bitcoins for operational use by year-end.