Animoca Brands Annual Report 2021

Key insights

6 takeaways

01
Consolidated bookings for FY2021 were $450,286 thousand, against a net loss of $670,952 thousand, a gap the report links to non-cash accounting charges.See it on page 7
02
Operating cash flow turned positive at $382,125 thousand, compared with a negative $7,768 thousand in the prior year.See it on page 8
03
The chairman states that the FY2021 net loss of A$671 million arose from non-cash accounting charges while cash flow was positive A$382 million.See it on page 5
04
Net assets increased from negative $385 thousand at 31 December 2020 to $337,027 thousand at 31 December 2021.See it on page 43
05
The auditor draws attention to a material uncertainty that may cast significant doubt on the group's ability to continue as a going concern, without modifying the opinion.See it on page 128
06
The consolidated entity amortises deferred revenue over 15-18 months, a period it estimated based on an evaluation with an international peer group.See it on page 55

Summary

Animoca Brands Corporation Limited, an Australian-incorporated company with its principal office in Hong Kong, released its annual report for the financial year ended 31 December 2021, with the directors' report, chairman's letter, financial statements and auditor's opinion dated 11 June 2025. The company describes itself as a leader in digital entertainment, blockchain and gamification, focused on digital property rights, NFTs and play-to-earn products. For FY2021 the consolidated entity reported blockchain revenues of $43,449 thousand and bookings of $450,286 thousand, with a consolidated net loss of $670,952 thousand (2020: $60,432 thousand). Operating cash inflow was $382,125 thousand, compared with an outflow of $7,768 thousand in 2020. Net assets rose from negative $385 thousand in 2020 to $337,027 thousand in 2021. The report attributes much of the loss to non-cash charges, including fair value of convertible note conversion features and derivative of $230,660 thousand. The auditor draws attention to a material uncertainty related to going concern.