Animoca Brands Annual General Meeting Presentation 2025

Key insights

7 takeaways

01
Animoca Brands and Currenc Group entered a non-binding term sheet for a potential reverse merger on November 3, 2025, with 95% of the resulting entity going to Animoca Brands shareholders.See it on page 6
02
For year-to-date performance, the company reports $172MM in revenues and $43MM in EBITDA, with Web3 Operation contributing $99MM of revenue.See it on page 32
03
The company's Q3'25 asset balance is shown as $1,585MM on a non-IFRS basis, including $624MM in cash and stablecoin and $576MM in digital assets.See it on page 31
04
Animoca reports 620+ portfolio companies and a Ventures fund with $100MM committed capital.See it on page 24
05
Revenue was reported as resilient across crypto cycles, with the company stating it generated 9-digit top-line figures for four consecutive years and peak bookings of $327 million in 2021.See it on page 21
06
For FY2021, the company reports $275m positive operating cash flow, while non-cash accounting items such as deferred revenue (-$294m) and share-based payments (-$170m) affected the P&L.See it on page 39
07
All audit opinions completed are clean, unqualified opinions, and the company hired new auditor Hall Chadwick in December 2024.See it on page 36

Summary

This is a December 18, 2025 annual general meeting presentation from Animoca Brands Corporation Limited, covering a proposed reverse merger with Nasdaq-listed Currenc Group (NASDAQGM:CURR), business update, core projects, financial updates, audit update, and FY2021 financial statements. The presentation states that a non-binding term sheet for the reverse merger was entered into on November 3, 2025, with shareholders of Animoca Brands to own 95% of the resulting entity and Currenc Group shareholders 5%, with closing expected in 2026 subject to conditions. For year-to-date performance through the presented period, the company reports revenues of $172MM and EBITDA of $43MM, with Web3 Operation revenue of $99MM, Asset Management revenue of $53MM, and Tokenization Services revenue of $20MM. The company's asset balance at Q3'25 is shown as $1,585MM on a non-IFRS basis, with $624MM in cash and stablecoin and $576MM in digital assets. The presentation states that all audit opinions completed are clean, unqualified opinions, and the FY2021 financial statements show $327m in bookings, $275m operating cash flow, and a $504m loss on the P&L attributed to non-cash accounting charges and deferred revenue accounting.