Financial Data and Key Metrics Changes - FY 2025 revenue was RMB 220.9 million, or $31.6 million, a decrease of 21.6% compared to FY 2024 due to cyclical fluctuations and soft demand [11] - FY 2025 cost of revenue was RMB 204.9 million, or $29.3 million, an increase of 56.1%, impacted by impairment charges [12] - FY 2025 net loss was RMB 52 million, or $7.4 million, compared to a net income of RMB 51.5 million in FY 2024 [14] - As of December 31, 2025, cash position was $67.8 million, with total assets of $145.2 million and total liabilities of $6.2 million [14] Business Line Data and Key Metrics Changes - Altcoin mining hardware and Ethereum accumulation and staking activities are the core pillars of the business, with mining machine sales being the primary revenue source [4] - The launch of new mining products, including Aleo and Dogecoin miners, contributed to increased revenues in the first half of 2025, but demand softened in the second half [11][12] - The introduction of the XTM miners accounted for a significant portion of Q4 net revenues, reinforcing market competency [7] Market Data and Key Metrics Changes - The company operates in a market heavily influenced by cyclical volatility, impacting net revenue for FY 2025 [4] - ETH experienced significant price swings in 2025, driven by macroeconomic uncertainty and evolving institutional participation [8] - As of December 31, 2025, the company held 8,822 ETH, increasing from 5,702 a year ago, representing a growth of 56% [9] Company Strategy and Development Direction - The company plans to focus on continued investment in R&D, development and sale of Goldshell mining machines, and ETH accumulation and staking activities for 2026 and beyond [16] - Cost optimization initiatives, including workforce reduction, are expected to enhance efficiency and improve financial performance [18] - The company aims to generate incremental returns from idle assets through a dual platform staking approach [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the cyclical nature of the industry and the impact of market volatility on operations [4][8] - The long-term conviction in the Ethereum ecosystem remains unchanged, with ETH being a core digital asset in the company's treasury strategy [8] - Management does not expect regulatory changes in Mainland China to have a material adverse impact on the business [15] Other Important Information - The company has expanded into the blockchain infrastructure service sector, aiming to generate synergies across business lines [22] - The acquisition of the Goldshell Stake platform allows the company to provide cryptocurrency staking services for individual and institutional investors [10] Q&A Session Summary Question: Will new mining products be launched in the second half of 2026? - Yes, the company is targeting new altcoin mining machines in the second half, subject to market conditions and R&D progress [25] Question: Regarding Goldshell Stake, are the staked ETH from new users or did they come over with the acquisition? - The staked ETH includes both prior and new users, with growth in ETH units occurring post-acquisition [26]

Financial Data and Key Metrics Changes - FY 2025 revenue was RMB 220.9 million (approximately $31.6 million), a decrease of 21.6% compared to FY 2024 due to cyclical fluctuations and soft demand [11] - FY 2025 cost of revenue was RMB 204.9 million (approximately $29.3 million), an increase of 56.1% impacted by impairment charges [12] - FY 2025 net loss was RMB 52 million (approximately $7.4 million), compared to a net income of RMB 51.5 million in FY 2024 [14] - As of December 31, 2025, cash position was $67.8 million, with total assets of $145.2 million and total liabilities of $6.2 million [14] Business Line Data and Key Metrics Changes - Sales of mining machines were the primary revenue source, with significant contributions from the Aleo mining machine series in the first half of 2025 [4][11] - The introduction of new mining products, including Aleo, Dogecoin, and XTM miners, contributed to increased revenues in Q1 2025 [5][7] - The Goldshell Byte Dual Miner was launched, allowing customers to maximize mining returns across six different cryptocurrencies [6] Market Data and Key Metrics Changes - The cryptocurrency market experienced significant volatility in 2025, impacting ETH pricing and overall demand for products [8] - As of December 31, 2025, the company held 8,826 ETH, an increase of 56% from 5,702 ETH a year ago [9] Company Strategy and Development Direction - The company plans to focus on continued investment in R&D, development and sale of Goldshell mining machines, and ETH accumulation and staking activities [16] - Cost optimization measures are being implemented to improve overall financial performance [18] - The company aims to enhance its ETH accumulation strategy through selective purchases and a dual platform staking approach [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the cyclical volatility in the industry and its impact on financial performance, but remains optimistic about long-term growth [4][8] - The company does not expect regulatory changes in Mainland China to have a material adverse impact on its business [15] Other Important Information - The company has expanded into the blockchain infrastructure service sector, aiming to generate synergies across its business lines [22] - The Goldshell Stake platform was launched to provide staking services for individual and institutional investors [10] Q&A Session Summary Question: Will new mining products be launched in the second half of 2026? - Yes, the company is targeting new altcoin mining machines in the second half, subject to market conditions and R&D progress [25] Question: Regarding Goldshell Stake, are the staked ETH from new users or did they come over with the acquisition? - The staked ETH includes both prior and new users, with growth occurring post-acquisition [26]

Financial Data and Key Metrics Changes - FY 2025 revenue was RMB 220.9 million (approximately $31.6 million), a decrease of 21.6% compared to FY 2024 due to cyclical fluctuations and soft demand [11] - FY 2025 cost of revenue was RMB 204.9 million (approximately $29.3 million), an increase of 56.1% impacted by impairment charges [12] - FY 2025 total operating expenses were RMB 120.6 million (approximately $17.3 million), a decrease of 18.7% primarily due to lower sales and reduced expenses [12] - FY 2025 net loss was RMB 52 million (approximately $7.4 million), compared to a net income of RMB 51.5 million in FY 2024 [14] - As of December 31, 2025, cash position was $67.8 million, with total assets of $145.2 million and total liabilities of $6.2 million [14] Business Line Data and Key Metrics Changes - Altcoin mining hardware and Ethereum accumulation and staking activities are the core pillars of the business, with mining machine sales being the primary revenue source [4] - The launch of new mining products, including Aleo, Dogecoin, and XTM miners, contributed to increased revenues in the first half of 2025, but demand softened in the second half [11][12] - The introduction of the Goldshell Stake platform expanded the company's offerings to include cryptocurrency staking services [4][10] Market Data and Key Metrics Changes - The cryptocurrency market experienced significant volatility in 2025, impacting ETH pricing and overall market conditions [8] - As of December 31, 2025, the company held 8,822 ETH, an increase of 56% from the previous year [9] - The fair value of cryptocurrency assets, excluding stablecoins, was RMB 87.6 million (approximately $26.8 million) as of December 31, 2025 [19] Company Strategy and Development Direction - The company plans to focus on continued investment in R&D, development and sale of Goldshell mining machines, and ETH accumulation and staking activities [16] - Cost optimization measures are being implemented to improve overall financial performance [18] - The company aims to enhance its ETH accumulation strategy through selective purchases and a dual platform staking approach [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the cyclical volatility in the industry and its impact on revenues, but expressed confidence in the long-term potential of the Ethereum ecosystem [8] - The company remains optimistic about its initiatives and plans to drive solid top-line results and improve operational margins in 2026 [21] Other Important Information - The company is enhancing internal control policies in response to regulatory changes in Mainland China regarding virtual currencies [15] - The acquisition of the Goldshell Stake platform is expected to generate synergies across business lines and capture additional opportunities [22] Q&A Session Summary Question: Will new mining products be launched in the second half of 2026? - The company is targeting new altcoin mining machines for the second half of 2026, subject to market conditions and R&D progress [24][25] Question: Regarding Goldshell Stake, are the staked ETH from new users or did they come over with the acquisition? - The staked ETH includes both prior to and post-acquisition users, indicating growth in the platform [26]

A leading provider focused on the development of altcoin mining products Intchains Group Ltd. Earnings Presentation Q4 2025 / FY 2025 Intchains Group Ltd. Engaged in strategic accumulation, holding, and staking of Ethereum-based cryptocurrencies, and the delivery of Web3 infrastructure services through the operation of a Proof-of-Stake cryptocurrency staking platform This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation ...

Completes Acquisition and Launches Goldshell Stake Proof-of-Stake Platform to Advance Cryptocurrency Staking Business 2026 Business Strategy Focused on: Sale of Altcoin Mining Machines, Investing in New Products, Improve Profitability by Leveraging Cost Saving Initiatives, and Continue ETH Accumulation and Dual-Platform ETH StakingIntegrated Web3 Ecosystem and Technology Stack Platform, Well Positions Intchains to Capture Long-Term Crypto Growth Despite Short-Term Market Volatility SINGAPORE, Feb. 26, 2026 ...

Holds of Over 9,000 ETH-based Cryptocurrencies and Staked 2,600 ETH as of February 23, 2026SINGAPORE, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“we” or the “Company”), a company engaged in the provision of altcoin mining products, and delivery of Web3 infrastructure services via the strategic acquisition and holding of Ethereum-based cryptocurrencies, and operation of a Proof-of-Stake (“PoS”) cryptocurrency staking platform, today provided an update on its Ethereum (“ETH”) acc ...

Core Viewpoint - The company ICG plc has announced a share buyback program of up to 15,280,825 ordinary shares, representing approximately 5.26% of its issued share capital, to facilitate the issuance of non-voting shares to Amundi as part of a strategic partnership [2][3][4]. Share Buyback Program - The share buyback aims to reduce the issued ordinary share capital and will be executed in tranches, with repurchased shares held as treasury shares before eventual cancellation [4][6]. - The total consideration for the repurchased ordinary shares will not exceed £316 million, and the program will commence on 26 February 2026 and expire on 30 June 2027, unless the 2025 Authority expires without renewal [7][8]. - The buyback will be conducted on the London Stock Exchange and will adhere to market regulations, with a maximum price set at 105% of the average market quotations for the five business days preceding the purchase [9][10]. Non-Voting Shares - The non-voting shares will have the same nominal value and economic rights as ordinary shares but will not carry voting rights. They will convert into ordinary shares upon a valid transfer under specific conditions [5][3]. - Amundi will reimburse ICG for reasonable costs associated with the share buyback, and the subscription price for the non-voting shares will match the price paid for the repurchased ordinary shares [3][4]. Appointment of Non-Executive Director - Vincent Mortier has been appointed as a Non-Executive Director, effective from 31 March 2026, as part of the strategic partnership with Amundi. He will also serve on the Nominations and Governance Committee [11][12]. - Mortier brings extensive experience from his roles at Amundi and Societe Generale, which is expected to enhance the expertise of ICG's Board [12][13].

Core Viewpoint - Intchains Group Limited will release its financial results for Q4 and the full year ended December 31, 2025, on February 26, 2026, after market close [1]. Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 8:00 PM U.S. Eastern Time on February 26, 2026 [2]. - A simultaneous audio webcast will be available for the conference call, accessible via a specific link or through the investor relations section of the company's website [3]. - A replay of the conference call will be available on the company's website shortly after the live event [4]. Group 2: Company Overview - Intchains Group Limited is involved in providing altcoin mining products, acquiring and holding Ethereum-based cryptocurrencies, and operating a Proof-of-Stake cryptocurrency staking platform [5].

Core Insights - ICG plc reported a total AUM of $127 billion as of 31 December 2025, with fee-earning AUM at $85 billion, reflecting a 1% increase quarter-on-quarter and an 11% increase year-on-year [6][11] - The company raised $4.4 billion in fundraising during the quarter, with significant contributions from Europe IX ($1.6 billion), Metropolitan II ($0.6 billion), and LP Secondaries II ($0.3 billion) [6][5] - The total available liquidity for ICG is £1.4 billion, with net financial debt reduced to £239 million [6] Fundraising and Deployment - Fundraising activities for Q3 FY26 included $2.5 billion in Structured Capital and Secondaries, $0.6 billion in Real Assets, and $1.3 billion in Debt [5][7] - Deployment of funds in Q3 FY26 amounted to $2.8 billion for Structured Capital and Secondaries, $0.6 billion for Real Assets, and $1.6 billion for Debt [5][7] - Realisations during the same period were $0.1 billion for Structured Capital and Secondaries, $0.2 billion for Real Assets, and $1.7 billion for Debt [5][7] Financial Performance - The company experienced a net addition of $1.328 billion in AUM, with structured capital and secondaries contributing $1.538 billion, while real assets and debt saw net reductions [3] - Year-on-year changes in AUM showed a 22% increase in Structured Capital, a 17% increase in Secondaries, a 3% decrease in Real Assets, and an 11% overall increase [3] - The total balance sheet return was positive at both the group level for the quarter and year-to-date [6] Market Conditions - The company noted variability in transaction activity across different asset classes, indicating a modest recovery in market conditions [6] - The foreign exchange rates for GBP to EUR and GBP to USD showed slight fluctuations, which may impact financial results [8]

Summary of Key Points Core Viewpoint - The report provides a six-monthly return on the block listing for ICG plc's Save As You Earn Plan 2004, detailing the balance of unallotted securities and the number of securities issued during the period. Group 1: Securities Information - The balance of unallotted securities under the scheme as of the previous return was 65,857 [2] - No increase has been applied for in the block scheme since the last return [2] - A total of 2,303 securities were issued/allotted under the scheme during the reporting period [2] - The balance of securities not yet issued/allotted at the end of the period is 63,554 [2] Group 2: Contact Information - The contact person for this report is Andrew Lewis [2] - The telephone number for inquiries is +44 (0)20 3545 2000 [2]