Fatfish Group Ltd. ( (AU:FFG) ) has shared an update.
Fatfish Group Limited has reported a significant reduction in its adjusted EBITDA loss to A$675,719 for the financial year ending December 31, 2024, compared to the previous year’s loss of A$1,347,880. The company also achieved a 31% increase in revenue from ordinary activities and a 38% improvement in net assets, reaching A$3,764,251. Additionally, Fatfish secured A$1.5 million from investors, which was allocated to initiatives including blockchain mining and social gaming projects. The company’s subsidiary, AI Gaming Pte Ltd, launched two new games and secured third-party development contracts, contributing approximately A$900,000 in revenue for 2024.
More about Fatfish Group Ltd.
Fatfish Group Limited is an ASX-listed tech venture firm focused on incubating leaders in digital entertainment, fintech, and ecommerce, as well as applying Generative AI technologies in these sectors. The company provides investors with indirect exposure to its investee companies, which include ASEAN Fintech Group, Abelco Investment Group, and iCandy Interactive, by leveraging its expertise in developing and launching innovative technology companies.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.73M
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