StandardCoin (SCOIN) Q1 2025 earnings summary

Executive summary

• Reported no operating income in Q1 2025 after selling the last vessel in April 2024; all subsidiaries except one dissolved.

• EBITDA and net profit both at USD -0.1 million for Q1 2025, reflecting minimal ongoing operations.

• Cash position at quarter end was USD 5.2 million; total assets decreased to USD 5.2 million, mainly due to tax payments.

• Group continues to evaluate opportunities to maximize remaining value.

Financial highlights

• Operating income was USD 0m for Q1 2025, down from USD 1.5m in Q1 2024, due to vessel sale.

• Ship operating expenses and depreciation both reduced to USD 0m, reflecting no active fleet.

• General and administrative expenses dropped to USD 0.1m from USD 0.4m year-over-year.

• Net financial items were USD 0.1m, mainly from interest income.

• Net cash from operating activities was USD 0.2m, up from USD -0.3m in Q1 2024.

Outlook and guidance

• Group is focused on evaluating potential opportunities to maximize remaining value.