24th Sep 2025 13:13
(Alliance News) - Valereum PLC on Wednesday said its pipeline was starting to generate revenue, as it announced an interim profit fall amid higher administrative costs.
The Manchester, England-based digital asset infrastructure firm said pretax profit fell 24% to GBP277,556 in the first half of 2025 from GBP365,701 a year prior.
Gain on revaluation of financial asset climbed 66% to GBP2.0 million from GBP1.2 million.
Administrative expenses increased sharply to GBP1.7 million from GBP474,402.
Looking ahead, the company expects to be able to grow its revenue from the completion of current projects and the possible conversion of opportunities in the company's pipeline.
Chief Executive Officer Gary Cottle said: "I'm pleased we've made meaningful progress in the first half of 2025, as we have moved from launching services into a phase of commercial activation, all whilst pushing ahead with our strategy to build a leading trusted, regulated digital assets ecosystem. The pipeline is beginning to generate revenue, and we look forward to swiftly scaling those revenues up."
Valereum shares were flat at 2.85 pence each on Wednesday afternoon on the Aquis Stock Exchange in London.
By Tom Budszus, Alliance News slot editor
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