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VANCOUVER, British Columbia, April 28, 2026 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”) (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W), a leading innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, reports its audited financial results for the fiscal year ended December 31, 2025. All figures are in Canadian Dollars (CAD) unless otherwise noted.
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2025 Financial Highlights:
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- Revenue increased by 3% to $12.86M (2024 – $12.43M), comprising $10.48M for Netcoins, $2.26M for Blockchain Intelligence Group and $0.12M for TerraZero.
- Gross margin expanded to 97.6% (2024 – 95.5%), reflecting improved product mix and lower cost of sales across segments.
- Net loss of $1.3M (2024 – $25.8M), an improvement of approximately $24.6M year-over-year (YoY). Excluding the $5.2M CRA GST/HST reassessment provision reversal recognized in 2025, the normalized net loss was approximately $6.5M (2024 normalized loss – $1.3M), reflecting the Company’s continued investment in its platforms. The 2024 normalized figure excludes the $16.1M goodwill impairment and $8.5M CRA GST/HST reassessment provision, both non-recurring.
- Customer Assets Under Custody (AUC) were approximately $168.2M (2024 – ~$201.4M) in digital currencies held in fully segregated accounts. The YoY decline reflects lower cryptocurrency market prices at December 31, 2025, relative to year-end 2024, not a reduction in customer holdings or platform activity – gross trading volume grew 29% to over $1.068B during the year.
- Cash and cash equivalents of $6.2M (2024 – $6.25M) remained stable year-over-year, supported by proceeds from digital currency sales, despite a lack of equity issuances during 2025.
- Total cash and cryptocurrency holdings of approximately $15.3M (2024 – ~$25.1M). Decline reflects lower crypto market prices vs. year-end 2024 and strategic monetization of Bitcoin holdings to fund operations.
- Free working capital improved substantially from a deficit of $(4.1M) in 2024 to a surplus of $4.1M in 2025, following resolution of the CRA GST/HST liability.
- No debt or borrowings outstanding as at December 31, 2025 or as at the date of this release.
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Segment Results:
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Netcoins — Crypto Trading Platform
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- Netcoins revenues were $10,476,448 (2024 – $10,559,392), down 1% year-over-year, on gross trading volume of $1.068B (2024 – $831M) – a 29% increase in volume that reflects both the higher cryptocurrency price environment throughout 2025 – Bitcoin trading between USD ~$74,000 and a new all-time high of USD ~$126,000 – and the platform’s growing market position, handling approximately 1.1% of the $97B+ in Canadian retail crypto trading activity. The revenue decline despite higher volume reflects a lower average fee rate of 0.97% (2024 – 1.26%), reflecting the maturing regulatory environment and competitive landscape. On an annual basis, revenues were broadly flat as volume growth was largely offset by fee rate compression.
- Fee rate of 0.97% (2024 – 1.26%), reflecting a more competitive trading environment. Management is focused on improving fee rates through product enhancements and growing active user engagement.
- Netcoins net income of $5,105,712 for 2025 (2024 – $341,848) includes the $5.2M CRA provision recovery. Net income excluding the CRA recovery was approximately $(108K). This near-breakeven result on a normalized basis, achieved while continuing to invest in platform development and regulatory advancement, demonstrates that Netcoins’ core brokerage operations have reached operating breakeven and are positioned to generate net income as trading volumes, active users, and fee rates improve.
- Customer Assets Under Custody (AUC) on the Netcoins platform were approximately $168.2M (2024 – ~$201.4M) across 55+ digital assets, held in fully segregated accounts. Bitcoin ended 2025 at ~USD$87K (2024 – ~USD$106K), a ~18% price decline. Most major altcoins (XRP, ETH, SOL, DOGE) also declined materially from their year-end 2024 peaks. The AUC decline of 16.5% is less than the Bitcoin price decline of ~18% – meaning on a volume/unit basis, customers actually held more crypto at year-end 2025 than at year-end 2024. Meanwhile, gross trading volume grew 29% to $1.068B, confirming the platform is growing.
- Active users of approximately 37,114 (2024 – 42,406), down 12% YoY, reflecting a normalization following the exceptionally high activity in Q4 2024 and early Q1 2025, driven by a crypto market surge. Despite the user count decline, gross trading volume increased 28%, indicating that average transaction sizes grew materially as crypto asset prices appreciated, and that the active user base transacted more frequently and at higher values per trade. Management’s near-term focus is on user reactivation and new user acquisition through the recently launched referral and affiliate program.
- Cryptocurrency staking revenue grew 37% to $86,950 (2024 – $63,246), reflecting continued growth in customer engagement with staking services across Canada.
- SOC 2 Type 2 compliance was achieved effective August 1, 2025 – one of the highest globally recognized information security standards, reinforcing Netcoins’ position as a trusted, regulated platform.
- Two-year exemptive relief extension obtained from the BCSC in September 2025, permitting continued operations as a registered restricted dealer through September 2027.
- Netcoins is actively advancing its application for investment dealer registration with CIRO and the BCSC – the next major regulatory milestone on its path to becoming a full investment dealer. Netcoins will submit its CIRO Membership Application before June 1, 2026.
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Blockchain Intelligence Group
— Blockchain Analytics & Forensics
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- BIG revenues grew 36% to $2,265,741 (2024 – $1,666,280), surpassing the previous record of $2,030,502 set in 2022 during a bull market and representing BIG’s highest annual revenue in the Company’s history. The result is particularly notable given that BIG revenues declined to $1.5M in 2023 amid a prolonged crypto bear market – the recovery to a new all-time high in 2025, at a 90% gross margin, reflects both the resilience of BIG’s recurring subscription model and the accelerating global demand for blockchain forensics and AML compliance tools.
- Gross margin expanded significantly to 90% (2024 — 69%), driven by a more favourable subscription-led revenue mix and significantly lower trailing commission costs ($186,811 vs. $487,124 in 2024).
- Subscription revenues (BitRank Verified®, QLUE) grew 34% to $1,819,221 (2024 – $1,355,556), demonstrating the growing recurring revenue base and retention across BIG’s client base.
- Service revenues (training, forensic consulting) grew 44% to $446,520 (2024 – $310,724), reflecting increased client engagements across law enforcement, financial institutions, and compliance professionals globally.
- BIG’s platforms — BitRank Verified®, QLUE, NFT Explorer, Address Watch, and Entity Explorer – support clients in managing digital asset risk, AML compliance, and blockchain investigations across multiple blockchain protocols in multiple languages.
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