Valereum (VLRM) H2 2025 earnings summary

Executive summary

• Achieved transition from development to a regulated, revenue-generating digital markets operator, with VLRM Markets in El Salvador fully operational and generating revenue.

• Secured major mandates, including Head of Capital Strategy for the Guatemala Interoceanic Corridor, providing recurring revenue and a strong pipeline.

• Strengthened Board with appointments bringing expertise in capital markets, fintech, and infrastructure.

• Expanded technology ecosystem through partnerships with Injective Foundation, DigiShares, RWA.io, Defactor, and Integra Foundation.

Financial highlights

• Revenue increased to £98,318 (2024: £19,272) following launch of regulated marketplace.

• Operating loss rose to £2.6 million (2024: £1.7 million) due to investment in platform, regulatory operations, and partnerships.

• Net loss for the year was £7.02 million (2024: profit of £3,222), impacted by £4 million unrealised fair value loss, £2.3 million impairment of investments, and £0.3 million amortisation of development costs.

• Year-end cash increased to £415,929 (2024: £19,397); remained debt-free.

• Raised £2.1 million in new equity funding and realised £2.4 million from disposal of non-strategic investment.

Outlook and guidance

• Entered 2026 with a revenue-generating platform, major mandates, expanded partnerships, and improved liquidity.

• Focus for 2026 is scaling revenue from VLRM Markets, executing major mandates, and expanding distribution in RWA and infrastructure tokenisation.

• Board confident in trajectory and ability to deliver sustainable long-term value.