CoinShares International Ltd (CNSRF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth ...
Release Date: May 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
CoinShares International Ltd (CNSRF) reported a solid Q1 2025 performance with revenue from asset management fees increasing to $29.6 million, up from $24.5 million in Q1 2024.
The company successfully transitioned its functional and presentation currency to USD, reflecting its growing exposure to US-denominated transactions.
CoinShares Physical platform led the European crypto ETP space in Q1, bringing in $269 million in net inflows, three times more than the nearest competitor.
The company maintained a strong EBITDA margin of 75% despite a challenging market environment.
CoinShares International Ltd (CNSRF) is actively pursuing a US listing, which could enhance its market presence and investor base.
The company faced a significant quarterly decline in digital asset prices, marking the most substantial drop since Q2 2022.
Gains and other income within capital markets decreased to $11.9 million from $14.1 million in Q1 2024.
The company's principal investments showed a negative movement of $1.5 million, with a Treasury loss of $3 million.
CoinShares International Ltd (CNSRF) experienced net outflows of $288 million from its US platform, primarily from the SOT BTC ETF.
The company's gross margin declined slightly to 89% due to a reallocation of certain marketing costs into direct costs.
Warning! GuruFocus has detected 3 Warning Signs with CNSRF.
Q: How much of CoinShares' physical inflows are from existing markets versus new geographies? A: Our European market is primarily focused on European customers, with a strong concentration of investors in Stockholm and Milan. The distribution of our products is spread throughout Europe.
Q: What can CoinShares do to capitalize on the US crypto market besides listing? A: Listing in the US has been a long-term commitment for us. The US regulatory environment is becoming more open to crypto, and we are hopeful to execute on our mission to list there.
Q: How has CoinShares' staking income held up despite falling Ethereum prices and yields? A: Staking income has declined approximately 20% from $7.3 million in Q4 2024 to $5.6 million in Q1 2025. The decline is largely equivalent to the price movement of Ethereum over the quarter.
Q: What is the typical loan book size and maturity for CoinShares? A: The total amount of outstanding loans at the end of Q1 was approximately $100 million, with 4 or 5 counterparties. Loans are typically short-term and can be recalled on demand to adhere to our risk framework.
Q: How does CoinShares view the competition in the European markets, and has it changed your strategy? A: We focus on our own execution rather than worrying about competitors. We continue to concentrate on our own affairs and execution strategies.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Thunderbird Entertainment Retains Three Part Advisors for Its Investor Relations Program
VANCOUVER, British Columbia, June 11, 2025--(BUSINESS WIRE)--Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) ("Thunderbird" or the "Company") is pleased to announce that it has retained Three Part Advisors, LLC ("Three Part Advisors"), a leading full-service, strategic investor relations advisory firm headquartered near Dallas, Texas, for its ongoing investor relationship program, effective July 1, 2025. Three Part Advisors will work closely with management on the Company's strategic investor relations program, with a focus on enhancing Thunderbird's visibility within the investment community. This includes, but is not limited to, identifying and engaging with potential investors, organizing investor presentations and meetings with interested parties, responding to incoming calls from shareholders and potential investors, and providing general capital markets advisory services. Jennifer Twiner McCarron, CEO and Chair of Thunderbird, commented, "We're pleased to welcome Three Part Advisors as our new strategic investor relations advisory firm. Given our significant growth plans and the health of our business, we believe this is an opportune time to share the Thunderbird story with a broader investor audience." Steven Hooser, Partner of Three Part Advisors, said, "We are thrilled to welcome Thunderbird Entertainment to our growing base of diverse clients. We know that introducing the Company to the right investors looking for growth and a strong management team is vital, and Thunderbird has built a global content creation studio of premium, award-winning content and distribution that will generate excitement from fundamental investors across our network." Three Part Advisors has been retained for an initial period of one year, commencing July 1, 2025, at a rate of $12,500 USD per month. Three Part Advisors has no interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest, other than as described herein. Market Making Services Correction Thunderbird is correcting language from an announcement made on October 23, 2024. The agreement with the Independent Trading Group to provide market making services in accordance with TSX Venture Exchange policies was for an initial term of one month and renewable thereafter. About Three Part Advisors, LLC Three Part Advisors, LLC is a leading full-service, strategic investor relations advisory firm. Through measurable and proactive investor relations programs, the firm helps clients develop their investment thesis, effectively communicate the strategy to Wall Street, meet new investors and ultimately, lower the cost of capital. Three Part Advisors also provides corporate design services and annually holds three independent IDEAS investor conferences ( Unbiased by investment banking fees and trading commissions, Three Part Advisors has a proven reputation for engaging with companies that are supported by strong investment merits and proven fundamentals, and proactively communicating their stories to Wall Street in the most effective manner. More information is available at About Thunderbird Entertainment Thunderbird Entertainment (TSXV: TBRD, OTCQX: THBRF) is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with teams in Los Angeles and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world's leading digital platforms, as well as Canadian and international broadcasters. The Company develops, produces, and distributes animated, factual, and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media) and Thunderbird Scripted. Productions under the Thunderbird umbrella include Mermicorno: Starfall, Super Team Canada, Molly of Denali, Highway Thru Hell, Kim's Convenience, Boot Camp and Sidelined: The QB and Me. Thunderbird Distribution and Thunderbird Brands manage global media and consumer products rights, respectively, for the Company and select third parties. Thunderbird is on Facebook, X, and Instagram at @tbirdent. For more information, visit: Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release, which has been prepared by management. Cautionary Statement Regarding Forward-Looking Information Certain statements contained in this news release may contain forward-looking information or may be forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements may be identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "plan", "project", "should", "believe", "intend", or similar expressions concerning matters that are not historical facts. Forward-looking statements in this press release include, but are not limited to, statements regarding Thunderbird's retention of Three Part Advisors, LLC as its new investor relations advisory firm, the anticipated benefits of this engagement, including enhancing Thunderbird's visibility within the investment community, increasing investor awareness and engagement, supporting the Company's growth and shareholder value, and the implementation of a proactive investor awareness program aimed at increasing shareholder engagement, trading volume, and attracting long-term investors. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; product capability and acceptance; international risk and currency exchange rates; and technology changes. The forward-looking statements or information contained in this document represent our views as of the date hereof and as such information should not be relied upon as representing our views as of any date subsequent to the date of this document. The Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements or information. View source version on Contacts Media Relations & Corporate Communications: Julia Smith, Finch MediaEmail: Julia@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
30 minutes ago
- Yahoo
New Nuclear Plant to Power Six Million British Homes
Weeks after Germany decided to reverse course and 're-embrace' nuclear power following their supreme idiocy on the matter, the UK government announced on Tuesday that it would invest 14.2 billion pounds (US$19.3 billion) to build a new nuclear plant in the southeast of England. The move was revealed by the Department for Energy Security and Net Zero as part of its broader spending review, which will lay out priorities for the next four years. The new plant, named Sizewell C, will be located in Suffolk county, and is predicted to create around 10,000 jobs during construction, according to a government statement. Once operational, it will create enough electricity power roughly 6 million homes. "We need new nuclear to deliver a golden age of clean energy abundance, because that is the only way to protect family finances, take back control of our energy, and tackle the climate crisis," said Energy Minister Ed Miliband. "This is the government's clean energy mission in action, investing in lower bills and good jobs for energy security." As the Epoch Times notes further, the UK has also been tapping up new investors to fund the construction of Sizewell C, but no new partners were mentioned in the announcement. Neither the total cost of construction nor a date for expected completion has been announced. Sizewell C was originally an EDF Energy project but is now majority-owned by the British government, with EDF Energy a minority shareholder. EDF Energy is the British arm of Électricité de France (EDF), which is wholly owned by the French state. The UK government's stake was 83.8 percent and EDF's stake was 16.2 percent at the end of December, EDF's financial results showed in February. Sizewell C would be just the second new nuclear plant built in Britain in more than 20 years, after another EDF project, Hinkley Point C, which was first announced in 2010. Hinkley Point C, based in Somerset, southwest England, has been beleaguered by delays and budget overruns and is currently expected to come online in 2029. Sizewell C would be the third power station built on the site after Sizewell A and Sizewell B, both of which are currently in the process of being decommissioned. The Department for Energy Security and Net Zero also announced that it had picked Rolls-Royce SMR to build Britain's first small modular reactors (SMRs). About 2.5 billion pounds ($3.4 billion) of government funds will be dedicated to the SMR program over the next four years, in a bid to get one of Europe's first small-scale nuclear industries going. SMRs are usually around the size of two football fields and composed of parts that can be assembled in a factory, making them quicker and cheaper to build than conventional plants. The moves by Britain come amid a renewed interest in nuclear power across Europe, sparked by spiraling energy costs due to the ongoing war between Russia and Ukraine, which is hampering the continent's supply of natural gas. European Commission President Ursula von der Leyen said in a keynote speech in August 2024 that the European Union needed more nuclear power. By More Top Reads From this article on
Business Wire
36 minutes ago
- Business Wire
Cyclic Materials Announces USD $25M Investment to Establish Centre of Excellence for Rare Earth Recycling in Kingston, Ontario
TORONTO--(BUSINESS WIRE)--Cyclic Materials, the advanced recycling company building a circular supply chain for rare earth elements (REEs), today announced a USD $25 million investment to launch North America's first Centre of Excellence for rare earth recycling in Kingston, Ontario, which will result in 45 new skilled jobs in the region. Spanning over 140,000 square feet, the first-of-its-kind facility will serve as Cyclic's industrial and innovation backbone, combining full-scale commercial processing and cutting-edge research and development (R&D) to address one of the world's most pressing supply chain challenges: the resilient sourcing of rare earth elements for use in permanent magnets. A Strategic Facility Serving a Circular Future The Kingston Centre of Excellence will house Cyclic Materials' first commercial 'Hub' processing unit, leveraging the company's proprietary REEPure SM technology. The facility is designed to convert 500 tonnes of magnet-rich feedstock annually into recycled Mixed Rare Earth Oxide (rMREO)—a product containing crucial components for permanent magnets used in EV motors, wind turbines, and consumer electronics such as Neodymium, Praseodymium, Terbium, and Dysprosium. Feedstock for this facility will be sourced from both Cyclic's Arizona-based 'Spoke', where end-of-life products will be processed, as well as a growing network of partners supplying magnet scrap from production. With operations set to begin in Q1 2026, rMREO from this facility will supply key partners within the magnet value chain, like Solvay, with whom Cyclic Materials signed an offtake agreement in 2024, providing a secondary resource of critical rare earth elements. The site will also house a state-of-the-art R&D center, including advanced labs and a mini-Spoke line, to accelerate process optimization and scale next-generation technologies across the rare earth value chain. Breaking Global Dependency with Local Innovation Today, less than 1% of rare earth elements are recycled, and global supply chains remain highly sensitive to growing geopolitical tensions and supply concentration. Cyclic Materials' proprietary MagCycle℠ and REEPure℠ technologies recover REEs from end-of-life products such as EVs, wind turbines, and data center hard drives—delivering a low-footprint, circular alternative to mining and a fast track to domestic supply security. 'With this Centre of Excellence, we're advancing our core mission: to secure the most critical elements of the energy transition through circular innovation,' said Ahmad Ghahreman, CEO of Cyclic Materials. 'Kingston is where Cyclic began—and now it's where we're anchoring our commercial future.' Kingston: The Cornerstone for the Next Generation of Cleantech Kingston has played a foundational role in the company's success—home to its commercial demonstration facilities and a deep bench of collaborators in research, engineering, and cleantech. The Centre of Excellence will build on robust partnerships with Queen's University, Kingston Process Metallurgy (KPM), RXN Hub, and Impact Chemistry, as well as support from national innovation programs including CMRDD (Critical Minerals Research, Development and Demonstration) from Natural Resources Canada, Sustainable Development Technology Canada (SDTC), and the National Research Council's Industrial Research Assistance Program (IRAP). The facility is expected to create over 45 highly qualified new jobs, with more than 20 hires already onboard. Recruitment has already started with key roles for plant operators, process technicians, and innovation staff. "We are thrilled to see Cyclic Materials' significant investment to establish their Centre of Excellence and Hub in Kingston, Ontario. This announcement not only creates high-quality jobs in the community but is a reflection of the expertise, talent, and supportive ecosystem Kingston has to offer companies,' said Shelley Hirstwood, Director of Business Development at Kingston Economic Development Corporation. 'We are proud to support Cyclic Materials' efforts to create a circular supply chain addressing Canada's critical minerals and rare earth elements." Scaling a North American Rare Earth Recycling Network This investment marks a pivotal step in Cyclic Materials' broader plan to scale its rare earth recycling infrastructure across North America and Europe. With strategic alliances including Solvay, Glencore, Lime, and Sims Lifecycle Solutions, the company is building a resilient, sustainable, and circular ecosystem for rare earth magnets—supporting the electrification of industries and the secure supply of critical materials. About Cyclic Materials Cyclic Materials, founded in 2021, is a cleantech company building a circular supply chain for rare earth elements (REEs) and other critical materials essential to the clean energy transition. Its innovative technology transforms end-of-life products into valuable raw materials used in EVs, wind turbines, and electronics. In 2023, the company launched a commercial demo facility using its MagCycle℠ process to recover rare earth magnets. In 2024, it opened a second facility in Kingston, Ontario, producing Mixed Rare Earth Oxide via its REEPure℠ hydrometallurgical process. With demand for REE-based magnets surging, Cyclic Materials is scaling globally across North America, Europe, and Asia. Mesa, Arizona, is its first U.S. location. In recognition of its pioneering work, it was named the #8 Most Innovative company in North America by Fast Company in 2025. Learn more at
