BlockBeats news: On February 16, Bitcoin treasury company Metaplanet released its fiscal year 2025 financial results, reporting a net loss of ¥95 billion (approximately $619 million) as of December 31, reversing from a net profit of ¥4.44 billion (approximately $28.9 million) in fiscal year 2024.
The financial report showed that this loss primarily stemmed from a ¥102.2 billion ($665.8 million) valuation decline on its held Bitcoin. The company classified this loss as a non-operating expense, stating it had no impact on cash flow or operating activities.
Despite significant fluctuations in net profit, the company emphasizes the resilience of its capital structure. Metaplanet notes that its balance sheet remains "solid," with liabilities and preferred shares fully covered even amid an 86% decline in Bitcoin's price, thanks to its high equity ratio of 90.7%.
As of December 31, the company reported liabilities of ¥46.7 billion (equivalent to $3.042 billion), net assets of ¥458.5 billion (equivalent to $29.9 billion), and Bitcoin holdings valued at ¥481.5 billion (equivalent to $3.1 billion).
The financial statements show that, in terms of operations, Metaplanet's revenue for the fiscal year 2025 reached ¥8.91 billion (approximately $58 million), a 738% increase from ¥1.06 billion (approximately $6.9 million) in the previous fiscal year; meanwhile, operating profit surged from ¥3.5 billion (approximately $22.8 million) to ¥62.9 billion (approximately $410 million), representing a remarkable increase of 1,695%.
The company stated that its Bitcoin-related business generated revenue of ¥8.47 billion ($552 million) and operating income of ¥7.19 billion ($468 million), primarily driven by premium income from Bitcoin options trading.