Animoca Brands Annual Report 2022

Key insights

7 takeaways

01
Consolidated revenue for FY2022 was A$680,685,467, while bookings were A$612,218,000 after a A$68,467,000 change in deferred revenue.See it on page 7
02
The consolidated net loss narrowed to A$519,095,544 from A$670,952,399 in 2021.See it on page 40
03
Net operating cash flow turned from an inflow of A$382,125,406 in 2021 to an outflow of A$66,736,275 in 2022.See it on page 45
04
The auditor drew attention to a material uncertainty that may cast doubt on the group's ability to continue as a going concern, without modifying its opinion.See it on page 140
05
The company recorded a goodwill impairment of A$215,962,729 on nine 2022 acquisitions, after deciding to discontinue game development and publishing for those entities.See it on page 98
06
The company states that the proposed reverse merger with Currenc Group Inc would give shareholders about 95% of the combined entity and is a path to a Nasdaq listing.See it on page 18
07
Net assets at 31 December 2022 were A$459,948,267, and cash and cash equivalents were A$254,156,476.See it on page 42

Summary

Animoca Brands Corporation Limited, an Australian-incorporated company with its principal office in Hong Kong, publishes its consolidated annual report for the financial year ended 31 December 2022, authorised for issue on 21 January 2026. The report covers the chairman's letter, review of results, directors' report, audited consolidated financial statements, and shareholder information. The company describes itself as a leader in digital entertainment, blockchain, and gamification, with a portfolio of more than 555 investments. Bookings for FY2022 were A$612,218 thousand, up from A$450 million the prior year, and revenue was A$680,685 thousand. The consolidated net loss after tax was A$519,095,544, compared with A$670,952,399 in 2021. Net operating cash flow moved from an inflow of A$382,125,406 in 2021 to an outflow of A$66,736,275 in 2022. The auditor included a material uncertainty related to going concern. Net assets were A$459,948,267, and cash and cash equivalents were A$254,156,476 at 31 December 2022. The report also discloses a proposed reverse merger with Currenc Group Inc, which the company says would lead to a Nasdaq listing.