Genius Group Limited announced its unaudited financial results for the first half of 2024 on December 27, 2024, reporting a significant increase in Net Asset Value (NAV) by 177% to $54.6 million. The company also reduced its net loss per share by 74% compared to the same period in 2023.
These financial results exclude figures related to the LZGI transaction, which is currently in arbitration following the company's vote to rescind the agreement. CEO Roger Hamilton noted that the company rationalized operations and reduced costs in the first half, while growing its core Edtech business.
For the full year 2024, Genius Group anticipates its Net Asset Value to grow to $75 million, with over $20 million allocated to its Bitcoin Treasury. The company reiterated its commitment to achieving profitable, cash-positive operations in 2025, anchored by its Bitcoin-first strategy.
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