Advanced Blockchain AG (ABAG) continued its far-reaching balance sheet reset in fiscal year 2025. While the parent company’s revenue rose to €0.31 million from €0.23 million in the prior year, the operating cost base remained high.
ANNONS
EBITDA deteriorated to -€1.67 million from -€1.29 million in the prior year, while EBIT fell to -€3.36 million from -€1.46 million in the prior year due to high impairment charges. On the bottom line, the net loss for the year increased to €3.48 million, compared to -€1.78 million in fiscal year 2024. Earnings were therefore once again significantly affected by legally required review and remediation work, legal and consulting expenses, and extensive necessary balancesheet adjustments.
The stock remains a speculative investment with heightened dependence on token markets, portfolio monetization, financing opportunities, and the successful implementation of the new operational strategy. At the same time, following the balance sheet reset, improved control structures, and a stronger focus on selected value drivers, we see an improved foundation for a potential revaluation. Based on our optimistic adjusted NAV model, we therefore assign a BUY rating with a price target of €2.00.