Animoca Brands Annual Report 2023

Key insights

6 takeaways

01
Consolidated revenue fell year on year, with the report attributing the decline mainly to a normalisation of platform metrics after the initial launch of token advisory services and token market making.See it on page 6
02
The consolidated net loss decreased from A$519,095,544 to A$359,051,677 in 2023.See it on page 6
03
Net operating cash inflow increased to A$147,824,845 from A$27,874,672, which the report says was largely attributable to a significant increase in net proceeds from trading digital assets.See it on page 48
04
At 31 December 2023 the consolidated entity had negative working capital of A$26,274,889, compared with a working capital surplus of A$93,259,268 in 2022.See it on page 48
05
The auditor drew 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 152
06
Consolidated total net assets at 31 December 2023 were A$164,981,081, down from A$459,948,267 at 31 December 2022.See it on page 43

Summary

Animoca Brands Corporation Limited, an Australian-incorporated company with its principal office in Hong Kong, published its consolidated annual financial report for the financial year ended 31 December 2023, authorised for issue on 17 July 2026. The report includes the Chairman's letter, a review of results, directors' report, audited consolidated financial statements and shareholder information. Consolidated revenue for 2023 was A$470,940,168, down from A$680,685,467 in 2022, and the consolidated net loss was A$359,051,677, down from A$519,095,544. The net loss attributable to shareholders of the Company was A$410,783,415. Net operating cash inflow rose to A$147,824,845 from A$27,874,672, which the report links largely to a significant increase in net proceeds from trading digital assets. At 31 December 2023 the group reported negative working capital of A$26,274,889 and total net assets of A$164,981,081. The auditor included a material uncertainty related to going concern. The report also describes the company's strategy shift from Web2 game development toward digital asset trading, tokenisation advisory and portfolio investment, and lists events after the balance date, including the Anchorpoint stablecoin joint venture licence granted on 10 April 2026.