Amber International (AMBR) Q4 2024 earnings summary

Executive summary

• Completed a transformative merger and Nasdaq listing in March 2025, rebranding as Amber International Holding Limited and positioning as a leading institutional crypto financial services provider under the Amber Premium brand.

• Integrated Sparrow Tech, enhancing regulated presence in Singapore, and disposed of legacy businesses in China, with results reflected as discontinued operations.

• Built a regulated, scalable ecosystem with proprietary blockchain, AI-driven risk management, and quantitative algorithms, serving institutions and high-net-worth individuals.

• Strategic priorities for 2025 include real-world asset tokenization, enhancement of institutional product suite, and geographic expansion in Asia and the Middle East.

Financial highlights

• 2024 revenue from continuing operations was $32.8M, down 9% year-over-year; gross profit was $16.7M (margin 51%), and operating expenses rose to $34.1M, mainly due to non-recurring merger and restructuring costs.

• Net loss from continuing operations widened to $24M from $13.7M in 2023; discontinued operations net loss improved to $5.1M from $25.2M, reflecting deconsolidation and a $2.6M gain on disposal.

• Amber DWM (pre-merger) reported $42.4M revenue, $26.6M gross profit, and $5.1M operating profit for 2024.

• Cash and equivalents at year-end 2024 were $19.6M, down from $41.3M, after repaying $35M in bank borrowings.

• Market capitalization was $1.1B as of March 31, 2025, with a share price of $11.98 and 90.5M shares outstanding.

Outlook and guidance

• Focused on expanding real-world asset tokenization, enhancing institutional product suite, and growing in regulated Asian and Middle Eastern markets.

• Board approved a $10M crypto treasury reserve to diversify assets and support long-term value.

• Q1 2025 revenue guidance for Amber Premium is $12.5M–$13.5M.

• Expects digital wealth of HNWIs to reach $383B by 2028, with APAC leading growth.

• Sees increased institutional adoption driven by regulatory clarity and new market entrants, including sovereign entities.