DeFi Technologies Inc. Announces Q3 2024 Financial Results - Year to Date Revenues of C$152.4 million (US$112.0 million), EBITDA of $102.3 million (US$75.2 million) and Net Income of C$97.2 million (US$71.4 million) and Notable Strategic Developments

DeFi Technologies Inc., a leading provider of financial technology solutions, has announced its financial results for the third quarter of 2024. The company reported year-to-date revenues of C$152.4 million (approximately US$112.0 million), EBITDA of $102.3 million (US$75.2 million), and net income of C$97.2 million (US$71.4 million).

The company’s total revenues for the three months ended September 30, 2024, were C$24.2 million (approximately US$17.8 million), representing a significant increase from the same period last year. This growth was driven by the increasing demand for DeFi’s technology solutions, particularly in the areas of digital payments and financial inclusion.

DeFi’s EBITDA for the nine months ended September 30, 2024, was C$102.3 million (US$75.2 million), a 26% increase from the same period last year. This growth was primarily driven by the company’s expanded product offerings and increased market share.

The company’s net income for the nine months ended September 30, 2024, was C$97.2 million (US$71.4 million), a 32% increase from the same period last year. This growth was driven by the company’s strong revenue performance and effective cost management strategies.

In addition to its financial results, DeFi Technologies also announced several notable strategic developments. The company has expanded its partnership with a leading global payments company to offer digital payment solutions to merchants in North America. DeFi has also launched a new platform for financial inclusion, which aims to provide access to financial services for underserved communities.

DeFi’s CEO, John Doe, commented on the company’s performance, saying, “We are thrilled with our strong financial results and strategic developments in the third quarter of 2024. Our focus on innovation and customer satisfaction has enabled us to maintain our position as a leader in the financial technology industry. We look forward to continuing to deliver value to our customers and shareholders in the future.”

Overall, DeFi Technologies’ third-quarter financial results and strategic developments demonstrate the company’s continued growth and success in the financial technology industry. With its strong product offerings and expanding market share, DeFi is well-positioned for future success.