StandardCoin (SCOIN) Q2 2025 earnings summary

Executive summary

• Rebranding to StandardCoin completed in June 2025, shifting focus to Bitcoin investments and cryptocurrency ventures.

• All vessels sold and subsidiaries dissolved except for a non-operational entity; business model fully transitioned.

• Board has proposed company dissolution following regulatory and operational review; Bitcoin assets have been sold.

Financial highlights

• Q2 2025 operating revenues were USD 0.1m, down from USD 12.8m in Q2 2024 due to vessel sale in prior year.

• EBITDA for Q2 2025 was USD -0.2m; net profit was USD -0.1m, compared to USD 13.2m net profit in Q2 2024 (which included a one-time vessel sale gain).

• Cash at quarter end was USD 2.9m; total assets stood at USD 7.8m, up USD 2.3m since December 2024 due to private placement.

• Net cash from operating activities for H1 2025 was USD -4.7m, mainly due to investment in Bitcoin assets.

Outlook and guidance

• Board has proposed liquidation; final decision pending general assembly approval.

• Additional distribution of NOK 5 per share planned; further details to be announced.