Full Year 2024 Genius Group Ltd Earnings Call

April 30, 2025

[music].

Alright, Thank you everyone for joining us today, I'll now genius group Investor call.

Brian Hamilton, Chairman and CEO of genius group and I'm not going to start the.

Presentation with.

Starting my screen and I'm joined here today by growth.

Speaker Change: Chief Financial Officer, where we're going to be sharing with you.

Our 2020 for full year results.

Speaker Change: Together with updates on our AI powered genius curriculum Allergenicity model genius Treasury strategy.

Speaker Change: Prior to your current legal cases and.

Speaker Change: And guidance for 2025, so far.

Speaker Change: First of all here is.

Speaker Change: My screen.

Speaker Change: Believe I am going to.

Speaker Change: Sure the entire Street and then we'll just go into.

Speaker Change: <unk> presentation.

Speaker Change: And we'll get started.

Speaker Change: First of all before we begin I'd like to remind everyone that this call may contain forward looking statements.

Speaker Change: Under the private Securities Litigation Reform Act of 95. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed.

[music].

Speaker Change: The forward looking statements.

Speaker Change: And for a discussion of such risks and uncertainties.

Speaker Change: TCG. This group's most recent filings with the SEC.

Speaker Change: Our forward looking statements made today reflect our current expectations only and we undertake no obligation to update.

Speaker Change: Any salesman.

Speaker Change: Excuse me to reflect the events that occur after this call.

Speaker Change: And also during the course of today's call. The company may be discussing one or more non <unk> financial measures, including but not limited to EBITDA adjusted EBITDA.

Speaker Change: Adjusted EBITDA margin reconciliations of these non <unk> financial measures to the most directly comparable <unk> measures are included in the press release and slide presentation. We issued this morning.

Yeah.

Alright, Thank you everyone.

Speaker Change: Copies of today's press release as well as the presentation that accompanies this conference call are accessible on genius group's Investor Relations website.

Speaker Change: Which is IR dot genius group don't yet.

Speaker Change: And in addition, our form 20-F for the full year ended December 31, 2024. It was filed with the SEC today and is also available on.

Speaker Change: Our Investor Relations website.

Speaker Change: First.

Speaker Change:

Speaker Change: Pardon me a brief introduction of genius a bit of a cold today, but I believe it will go soon.

Speaker Change: So we are a bit quaint treasury company with an AI powered education platform to prepare students entrepreneurs businesses and governments towards the bitcoin future and we deliver AI training and AI tools to $5 8 million students on our AD Tech platform and we're building a genius city model, where students learn the latest exponential technologies.

And entrepreneurial skills are powered by AI mentors.

Speaker Change: We are a Singapore based public company and we're based and listed on the NYSE American where we lifted with our IPO in 2022, and we have big ambitions. We have set internal goals to reach 100 genius cities 100 million students and $1 billion valuation by 2030 and.

Speaker Change: And in November 2024, we launched epic when Treasury and set a target to reach 1000 bitcoin in our treasury in 2025 and for reasons, we will discuss on this call. The genius is currently banned from racing investor funds and buying the coin by a U S. Court. So this is against the wishes and approvals of our <unk>.

Speaker Change: Shareholders and board and we believe that this is an unprecedented case in which a Singapore based public company is prevented by a U S court of buying decline.

Speaker Change: As we will discuss one of the reasons that the company believes that bitcoin represents a safer more transparent digital decentralized option than the U S dollar.

Speaker Change: For that matter any currency for its treasury is that it cannot be manipulated debased all controlled by any centralized power.

Speaker Change: So to be prevented from raising funds to fund our operations or buy bitcoin.

Speaker Change: Very control, we're seeking to prevent and we believe as an education company, we have an opportunity to educate and prepare many in the future we're moving towards as much to avoid freedoms being taken away from us as well as our footing new freedoms.

Speaker Change: So before we go further I am going to share why I found a genius group.

Speaker Change: Our company mission and current metrics.

Speaker Change: Got it architecture at Trinity College, Cambridge University, and originally I thought I was going to have a professional building buildings and one of the mentors I studied was buckminster Fuller.

Speaker Change: Petros, just yet I think Don and he was also a futurist and predicted the singularity.

Speaker Change: And the acceleration of technology would lead to Super human intelligence that surpassed our own humanity will face its greatest tests, which equaled the final exam and even back then in the 19 eighties. He said there was enough technology to solve all the world's greatest challenges and the reason we hadn't wasn't because of lack of technology. It was for lack of human consciousness.

Speaker Change: Work together to harness that technology and so as we now enter a final exam in which we urgently need to find ways to raise their consciousness to harnesses technology.

Speaker Change: If we did we could pass examine saltwater challenges and if we Don technology would continue to accelerate and will eventually destroy us in which case, we felt and that would be the.

Speaker Change: And our final example, so there is the key to raising our consciousness I believe is education and as nothing but Dallas that education is the most powerful weapon, which you can use to change the world.

Speaker Change: It's why I launched genius group to teach the skills, we need to harness the exponential technologies, including AI digital agents that Germany and deposit funding them and while we believe we are making great progress towards this mission, we do not believe our current valuation reflects the growth in our balance sheet that we have experienced a snapshot of our current metrics shows that.

Speaker Change: We have a net asset value.

Speaker Change: $80 million as at the 30 <unk> of December 2025.

Speaker Change: Which what the year on year growth of 303%.

Speaker Change: However, our current market cap is only $27 million based on yesterday's closing share price of 37 six.

Speaker Change: And this equates to a market cap that is a 66% discount to our.

Speaker Change: Or another way to say that is an asset value is triple.

Speaker Change: The actual share price that we have per share right now.

Speaker Change: And so with this bringing us onto the business itself and the reasons that we believe in our future.

Speaker Change: There are three main drivers that are building a value in 2025, our first drive it its epic when treasury and we believe that the companies that have a big one treasury of 1000 Bitcoin may see the value of their treasury rise to $1 billion is the long term price predictions made by Kathy Woods, <unk> pulp Hyatt as well as others of $1 million per bitcoin, where two of <unk>.

Speaker Change: Right.

Speaker Change: While there is no future guarantee on the price of Bitcoin, we believe the future digital economy will be run on digital currency underpinned by digital gold and that digital is Mcqueen.

Speaker Change: We believe we can be southeast Asia's, leading bitcoin Treasury company.

Speaker Change: In our five year target is to grow epic on treasury to $1 billion in value by 2030.

Speaker Change: And the next slide we will discuss the actions being taken by third parties.

Speaker Change: In an attempt to prevent us from achieving this goal and our current counteraction.

Speaker Change: There is the second driver, we have which is the core business, which is our education business.

Speaker Change: Where we are developing a blockchain based micro learning platform that includes Apple Academy, our genius Academy and our Junior school delivering AI powered education, which is personalized and gamify with students learning and earnings with our students credits core gems gems, which stands for genius education merits.

Speaker Change: Linked to the value of the policies and can be traded for discounts to courses mentoring and products on our platform.

Speaker Change: For those that are new to bitcoin is Hitachi is there are 100 million so <unk> for everyone Bitcoin.

Speaker Change: Today, roughly a 1000 total shares equals $1. So built on our gems and the certification of awards for our micro courses micro degrees and certifications that we're building all on the blockchain.

Speaker Change: This makes us every one of our certifications trusted and verifiable and our plans to build our next generation AI powered education business into a profitable value layer.

Speaker Change: <unk> $20 million in revenues and covering the operational cost of our business and ensuring long term sustainability to counter the short term fluctuations in the price of bitcoin and value of our treasury and.

Speaker Change: And we also have a third driver, which we have mentioned last year and I'm going to give more details on this call, which is our genius city model.

Speaker Change: We believe our posting clarity future is one in which learning communities are designed differently from the communities of today.

Speaker Change: While our lifelong learning is integrated into the community to get with Tokyo assets in an AI powered workforce.

Speaker Change: We are currently developing our genius <unk> model, where city leaders in Singapore, Dubai, Abu Dhabi, London, Tokyo, Mumbai, Miami, Las Vegas, Toronto, Vancouver, Stockholm, and San Diego, and we plan to grow to 20, <unk> and 25 with a goal of 100 cities by 2030.

Speaker Change: With our proposed plans for the first physical genius city in Bali, Indonesia.

Speaker Change: And that brings us onto our adoption of bitcoin in our treasury.

Speaker Change: This is directly linked to our belief that the exponential economies of the future will be built by AI agents and robots. Currently predictions are the agents and brokers will greatly outnumber humans in the near future and they will interact and incentivize each other by acting in transacting through digital money and we believe that digital money will be backed by decline.

And game of fight with students learning and earnings with our students credits core gems gems, which stands for genius education merits linked.

Unknown Executive: and Guy Pak from the Headquarters for this interview. All right.

Linked to the value of the policies and can be traded for discounts to courses mentoring products on our platform.

Speaker Change: Why because we believe if agi were to create its own perfect money. It will create a currency and store value that was blockchain based digital with a finite supply that could not be debase with no intermediary and that was university trusted and fully decentralized and these are the qualities already inherent in bitcoin early bitcoin and the.

For those that are new to bitcoin is Hitachi is there are 100 million so cautious for everyone bitcoin.

Today, roughly a 1000 total <unk> was $1. So built on our gems and the certification of awards for our micro courses micro degrees and certifications that we're building all on the blockchain.

This makes us every one of our certifications trusted and verifiable and our plans to build our next generation AI powered education business into a profitable value layer generating $20 million in revenues and covering the operational cost of our business and ensuring long term sustainability to counter the short term fluctuations in the price of bitcoin.

Speaker Change: Same way that early European settlers, who invested in Manhattan profited from the scarce land in which the U S. Economy was built we believe investing in bitcoin, which is the base on which the new digital economy.

Roger Hamilton: Thank you, everyone, for joining us today on our Genius Group Investor Call. I am Roger Hamilton, the Chairman and CEO of Genius Group, and I'm now going to start the presentation with sharing my screen. And I'm joined here today by Gaurav Dama, our Chief Financial Officer, where we're going to be sharing with you our 2024 full-year results, together with updates on our AI-powered Genius Curriculum, our Genius City Model, Genius Treasury Strategy, and a variety of current legal cases and guidance for 2025.

Speaker Change: Agents robots, we built is fully aligned with our mission of harnessing technology to pass the final exam.

And the value of our current treasury and.

Speaker Change: Now subsequent to December 31st.

And we also have a third driver, which we have mentioned last year and I'm going to give more detailed example on this call which is our genius city model.

Speaker Change: The company had faced legal blocks that are impacting our operating business and growth clients that it is fighting bigger flea against to protect our business and shareholders and so while you will find these in our 20-F that we have filed this as an update.

We believe the posting clarity future is one in which learning communities are designed differently from the communities of today.

While our lifelong learning is integrated into the community to get with Tokyo assets in an AI powered workforce.

Speaker Change: The current situation within the business.

Roger Hamilton: So, first of all, here is my screen, where I believe I'm going to share the entire screen, and then we'll just go into presentation, and we'll get started. So, first of all, before we begin, I'd like to remind everyone that this call may contain forward-looking statements, as they're defined under the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. and for a discussion of such risks and uncertainties, please see Genius Group's most recent filings with the SEC.

We are currently developing our genius city model, where city leaders in Singapore, Dubai, Abu Dhabi, London, Tokyo, Mumbai, Miami, Las Vegas, Toronto, Vancouver, Stockholm, and San Diego, and we plan to grow to 20 <unk> in 2025 with a goal of 100 cities by 2030.

Speaker Change: These have been previously reported in the company's filings in 2025 and the company's guidance is based on the anticipated positive outcome in these proceedings.

Speaker Change: First of all in January 2025, the company preceded with arbitration with Fabry AI <unk> with the company shares related to the <unk> asset purchase agreement subject to mutually agreed preliminary injunction or a pi and the company continues to strengthen our balance sheet with a growth of its a big point Treasury to 440 billion sorry for.

With our proposed plans for the first physical genius city in Bali, Indonesia.

And that brings us onto our adoption of bitcoin in our treasury.

Speaker Change: <unk> hundred 40 bitcoin.

This is directly linked to our belief that the exponential economies of the future will be built by AI agents and robots. Currently predictions are the agents and brokers will greatly outnumber humans in the near future and they will interact and incentivize each other by acting in transacting through digital money and we believe that digital money will be backed by decline.

Speaker Change: In February 2025, other Gi subsequently filed an additional pi to enjoin the company from selling shares raising shareholder funds and buying bitcoin and this was granted by the United States Court for the Southern District first as a temporary restraining order or CRO in February and then as a pi in March.

Roger Hamilton: All forward-looking statements made today reflect our current expectations only, and we undertake no obligation to update any statement to reflect the events that occur after this call. And also during the course of today's call, the company may be discussing one or more non-IFRS financial measures, including but not limited to EBITDA, adjusted EBITDA, adjusted reconciliation. So these non-IFRS financial measures to the most directly comparable IFRS measures are included in the press release and slide presentation we issued this morning. Copies of today's press release, as well as the presentation that accompanies this conference call, are accessible on Genius Group's investor relations website, which is ir.geniusgroup.net.

Speaker Change: The company filed multiple lettuce and motions to the court explaining that the tiara NPI did not maintain the status quo pending arbitration that they were based on false statements designed to defraud the court and the intent of the filing of the tiara and Pi was to explore further money from genius.

Why because we believe if agi were to create its own perfect money. It will create a currency and store value that was blockchain based digital with a finite deploy that could not be debase with no intermediary and that was university trusted and fully decentralized and these are the qualities already inherent in bitcoin and early bitcoin and the.

Speaker Change: And as of today's date. The pie has remained in effect. The company has a screen filed an appeal with the second circuit and a hearing has been granted and scheduled for early may.

Same way that early European settlers, who invested in Manhattan profited from the guest land in which the U S. Economy was built we believe investing in bitcoin, which is the basis on which the new digital economy.

Speaker Change: In relation to the company's allegations of fraud and extortion on March 31.

Speaker Change: The company filed a lawsuit against Peter <unk>, and Michael Moe as a controlling officers and directors of Elsa Gi International here.

AI agents robots, we built is fully aligned with our mission of harnessing technology to pass the final exam.

Roger Hamilton: And in addition, our Form 20-F for the full year, ended December 31st, 2024, was filed with the SEC today and is also available on our investor relations website.

Speaker Change: Here on the slide it says that was on March 31, 2024 that I should say March 31 2025.

Now subsequent to December 31st the.

The company had faced legal blocks that are impacting our operating business and growth clients that it is fighting vigorously against to protect our business and shareholders and so while you will find these in our 20-F that we have filed this as an update.

Speaker Change: And that was for <unk> in the United States District Court Southern district of Florida, seeking over $450 million in damages.

Roger Hamilton: So first, pardon me, a brief introduction of Genius Group.

Roger Hamilton: A bit of a cold today, but I believe it will go soon. So we are a Bitcoin treasury company with an AI-powered education platform to prepare students, entrepreneurs, businesses, and governments towards a Bitcoin-first future. And we deliver AI training and AI tools to 5.8 million students on our edtech platform. And we're building a Genius City model where students learn the latest exponential technologies and entrepreneurial skills powered by AI mentors. We are a Singapore-based public company, and we're based and listed on the NYC American, where we listed with our IPO in 2022. And we have big ambitions.

Speaker Change: By the defendants to genius group.

Speaker Change: I'll now due to the current legally impose restrictions, which are impacting the company's ability to fund and grow its operations. The company took a series of actions in April to lower the risk of being blocked further from conducting the normal operations of its business as per their wishes consent and authorizations of its shareholders and board.

On the current situation within the business.

These have been previously reported in the company's filings in 2025 and the company's guidance is based on the anticipated positive outcome in these proceedings.

First of all in January 2025, the company preceded with arbitration with Fabry AIA <unk> with the company shares related to the <unk> asset purchase agreement subject to a mutually agreed preliminary injunction or a pi and the company continues to strengthen our balance sheet with a growth of its bitcoin treasury to 440 billion sorry for.

Speaker Change: The company returned the company of its breakpoints in the United States, where it's being held as collateral for the company's been growing loans to Singapore, where the company is registered and headquartered at.

Speaker Change: The company repaid all of its between loans, making repayment in full of $29 million in order to release, the bitcoin from custody in the United States and transfer to Singapore. The company is now debt free and the company dramatically reduces bitcoin holdings from 440, <unk> to 66 bitcoin for the period during which it remains blocks from raising funds.

Roger Hamilton: We have set internal goals to reach 100 Genius Cities, 100 million students, and a billion dollar valuation by 2030. And in November 2024, we launched our Bitcoin treasury and set a target to reach 1,000 Bitcoin in our treasury in 2025. And for reasons we will discuss on this call, Genius is currently banned from raising investor funds and buying Bitcoin by a U.S. court. So this is against the wishes and approvals of our shareholders and board. And we believe that this is an unprecedented case in which a Singapore-based public company is prevented by a U.S. court of buying Bitcoin.

Hundred 40 bitcoin.

In February 2025, other Gi subsequently filed an additional pi to enjoin the company from selling shares raising shareholder funds and buying bitcoin and this was granted by the United States Court for the Southern District first as a temporary restraining order or CRO in February and then as a pi in March.

Speaker Change: Or buying bitcoin with a possibility of the company may need to sell all of its bitcoin in order to convince the court to extinguish the pie the cash in US treasuries is also being held in Singapore.

The company filed multiple letters and motions to the court is finding that the tiara NPI did not maintain the status quo pending arbitration that they were based on false statements designed to defraud the court and the intent of the filing of the tiara and Pi was to explore further money from genius.

Speaker Change: The only thing damages caused by the alleged fraud and extortion with the company.

Speaker Change: Added to the damages the company is seeking to recover.

Speaker Change: The company has also received an update on the lawsuit led by Christian that's all related to alleged naked short selling and spoofing up genius group shares with alleged damages previously calculated at between $251 million and $263 million.

And as of today's date. The pie has remained in effect. The company has subsequently filed an appeal with the second circuit and a hearing has been granted and scheduled for early may.

Roger Hamilton: As we will discuss, one of the reasons that the company believes that Bitcoin represents a safer, more transparent, digital, decentralized option than the US dollar, or for that matter, any currency for its treasury, is that it cannot be manipulated, debased, or controlled by any centralized power. So to be prevented from raising funds to fund our operations or buy Bitcoin is the very control we're seeking to prevent.

In relation to the company's allegations of fraud and extortion on March 31.

Speaker Change: Krishna Krishna <unk> has reported to the company that they anticipate calculations on update to damages will be completed in the complaint is anticipated to be filed by May 2025. Now. These issues are ongoing and are imposing continuing damages and risks to the company's operations. The companys legal team is dedicated towards achieving pause.

The company filed a lawsuit against Peter <unk>, and Michael mode, as a controlling officers and directors of <unk> International.

Speaker Change: Here on the slide it says that was on March 31, 2024 that I should say March 31 2025.

Speaker Change: Yeah.

Roger Hamilton: And we believe as an education company, we have an opportunity to educate and prepare many in the future we're moving towards as much to avoid freedoms being taken away from us, as well as affording new freedoms. So before we go further, I'm going to share why I founded Genius Group, our company mission, and current metrics. I studied architecture at Trinity College, Cambridge University. And originally, I thought I was going to have a profession building buildings. And one of the mentors I studied was Buckminster Fuller, the inventor of the geodesic dome. And he was also a futurist and predicted the singularity when the acceleration of technology would lead to superhuman intelligence that surpassed our own.

Speaker Change: And that was for <unk> in the United States District Court Southern District of Florida, seeking over $450 million in damages caused by the defendants to genius group.

Speaker Change: Outcomes in this legal cases and will continue to take decisive actions against bad actors to protect the company and shareholders' interests.

Speaker Change: So just in summary.

Speaker Change: These legal actions and potential damages clearly are not in our balance sheet at all but right now they already add up to well over $700 million.

Speaker Change: And we anticipate it will most likely be over $1 billion by.

Speaker Change: By the time everything has been filed.

Speaker Change: So whilst the legal team manage this academic legal cases I have just mentioned the management team is focused on our core business of education.

Speaker Change: The company returned the company of its bitcoin from United States, where it's being held as collateral for the company's been growing loans to Singapore, where the company is registered and headquartered at.

Speaker Change: The lifelong learning market is a $10 trillion dollar market, which is currently being going through some global disruption and we believe our model of a decentralized personalized gamify AI powered educational system preparing humanity for the economy of the future is on the right side of that disruption.

Roger Hamilton: He said humanity would face its greatest test, which he called the final exam. And even back then, in the 1980s, he said there was enough technology to solve all the world's greatest challenges. And the reason we hadn't wasn't because of lack of technology. It was for lack of human consciousness to work together to harness that technology. And so as we now enter a final exam in which we urgently need to find ways to raise our consciousness, to harness this technology, if we did, we could pass the exam and solve the world's challenges. And if we don't, technology would continue to accelerate and will eventually destroy us, in which case we fail.

Speaker Change: And Furthermore, we believe our use of AI mentors and agents is the game changer, when combined with our Gamify blockchain based jumps you didn't credits all of our students progress through a freemium to premium model, where they begin by joining our free event of course register on our platform to meet their AI guide personally that journey, which they follow with additional AI training.

Speaker Change: Or buying bitcoin with a possibility of the company may need to sell all of its bitcoin in order to convince the court to extinguish the pie. The caching is treasury has also been held in Singapore.

Speaker Change: The only thing damages caused by the alleged fraud and extortion from the company are being added to the damages. The company is seeking to recover.

Roger Hamilton: And that would be the end of our final exam.

Speaker Change: <unk> and tools and as they build their loading profile the learning steps become increasingly personalized.

Roger Hamilton: So the key to raising our consciousness, I believe, is education. And as Nelson Mandela said, education is the most powerful weapon which you can use to change the world. And that's why I launched Genius Group to teach the skills we need to harness the exponential technologies, including AI, digital agents, digital money and to pass the final exam.

Speaker Change: And the company has also received an update on the lawsuit led by Christian that's all related to alleged naked short selling and spoofing of genius group shares with alleged damages previously calculated at between $251 million and $263 million, what Krishna Krishna <unk> has reported to the company that they anticipate calculations on update to damages will be completed.

Speaker Change: We are experiencing a wave of adoption in AI education globally, which is now also being endorsed by governments, notably last week President Trump signed an executive order establishment AI Education Task force to advanced AI training for K 12 students faculty and staff in the United States Public school districts in an effort to provide.

Roger Hamilton: And while we believe we are making great progress towards this mission, we do not believe our current valuation reflects the growth in our balance sheet that we have experienced. A snapshot of our current metrics shows we have a net asset value of 18 million dollars as at the 31st of December 2025, which was the year on year growth of 303 percent. However, our current market cap is only 27 million dollars based on yesterday's closing share price of 37 cents, 36 cents. And this equates to a market cap that is a 66 percent discount to our NAV.

Speaker Change: And the complaint is anticipated to be filed by May 2025, now these issues ongoing and are imposing continuing damages and risks to the company's operations. The companys legal team is dedicated towards achieving positive outcomes. In this legal cases and will continue to take decisive actions against bad actors to protect the company.

Speaker Change: <unk> early exposure to AI concepts and technology and develop an AI ready workforce in the next generation of AI innovators. So we believe genius is well placed to capitalize on this wave preparing the next generation for the future.

Speaker Change: Now in 2025, we are rationalizing all of our branding under our genius brand with audiences specific to AI learning platforms from Junior School for primary and secondary school students student AI for University students teachers AI for school teachers, and educators and our genius Academy for AI powered lifelong learning.

Speaker Change: And shareholders' interests.

Speaker Change: So just in summary.

Speaker Change: These legal actions and potential damages clearly are not in our balance sheet at all but right now they already add up to well over $700 million.

Roger Hamilton: Or another way to say that is our net value is triple the actual share price that we have per share right now.

Speaker Change: And we anticipate it will most likely be over $1 billion by.

Speaker Change: Including Bitcoin Academy.

Roger Hamilton: And so with this bringing us on to the business itself and the reasons that we believe in our future, there are three main drivers that are building our value in 2025. Our first driver is our Bitcoin treasury, and we believe that the companies that have a Bitcoin treasury of a thousand Bitcoin may see the value of their treasury rise to a billion dollars if the long-term price predictions made by Cathie Woods and Chamath Palihar as well as others of a million per Bitcoin were to eventuate. While there is no future guarantee on the price of Bitcoin, we believe the future digital economy will be run on digital currency underpinned by digital gold, and that digital gold is Bitcoin.

Speaker Change: By the time everything has been filed.

Speaker Change: Entrepreneurial Academy, and Investor Academy, and within each Academy, we upbringing world leaders.

Speaker Change: So whilst the legal team manage the significant legal cases I have just mentioned the management team is focused on our core business of education.

Speaker Change: Which includes store leaders educators.

Speaker Change: As to our students. So for example, our recent acquisition of <unk> Academy from the basis of.

Speaker Change: The lifelong learning market is 10 trillion dollar market, which is currently being going through some global disruption and we believe our model of a decentralized personalized <unk> AI powered educational system preparing humanity for the economy of the future is on the right side of that disruption.

Speaker Change: Forms the basis of Bitcoin Academy.

Speaker Change: <unk> safety amongst who is the author of the <unk> standard.

Speaker Change: Our Bitcoin Academy, which launches. This week in fact also features Gamify bite size micro courses fishing global thought leaders investors and educators in bitcoin, including since the luminous Vivek remember Swamy, Michael Sailor, Mike Novogratz, and many more and as a bit quaint Treasury education company, we plan to educate.

Speaker Change: And Furthermore, we believe our use of AI mentors and agents is the game changer, when combined with our Gamify blockchain based gem student credits all of our students progress through a freemium to premium model, where they begin by joining our free event of course register on our platform to meet their AI guide personally that journey, which they follow with additional AI training.

Roger Hamilton: We believe we can be Southeast Asia's leading Bitcoin treasury company. And our five year target is to grow our Bitcoin treasury to a billion dollars in value by 2030.

Speaker Change: Other Ceos Cfos executives and investors on the long term value of bitcoin treasuries, even while we are prevented by U S court of buying any bitcoin so that our value creation will extend from our own shareholders to the bitcoin Treasury movement globally.

Speaker Change: <unk> and tools and as they build their loading profile diluting steps become increasingly personalized.

Roger Hamilton: In the next slide, we will discuss the actions being taken by third parties in an attempt to prevent us from achieving this goal and our current counteractions. There is a second driver we have, which is the core business, which is our education business, where we are developing a blockchain-based micro-learning platform that includes our Bitcoin Academy, our Genius Academy, and our Genius School, delivering AI-powered education, which is personalized and gamified with students' learning and earning, with our students' credits called GEMS. GEMS, which stands for Genius Education Merits, are linked to the value of and can be traded for discounts to courses, mentoring, and products on our platform.

Speaker Change: We are experiencing a wave of adoption in AI education globally, which is now also being endorsed by governments, notably last week, President Trump signed an executive order, establishing an AI education task force to advanced AI training for K 12 students faculty and staff in the United States Public school districts in an effort to.

Speaker Change: Notably it is not just companies, but now governments that are seeing the value of the building pecan treasuries to preserve future capital. This includes the United States, where the White House announced the establishment of a strategic Bitcoin reserve in March 2025. Many U S. States are also moving forward with their own dose to establish bitcoin reserves with Arizona.

Speaker Change: Provide early exposure to AI constant in technology and develop an AI ready workforce in the next generation of AI innovators. So we believe genius is well placed to capitalize on this wave preparing the next generation for the future.

Speaker Change: The first approved let's say because reserve just earlier this week.

Speaker Change: And that brings us onto the third main driver of genius group, our genius City model.

Roger Hamilton: For those that are new to Bitcoin and Satoshis, there are 100 million Satoshis for every one Bitcoin. Today, roughly 1,000 Satoshis equals $1. So, built on our GEMS and the certification awards for our micro-courses, micro-degrees, and certifications that we are building all on the blockchain, this makes us, every one of the certifications, trusted and verifiable. And our plan is to build our next-generation AI-powered education business into a profitable value layer, generating $20 million in revenues and covering the operational costs of our business, and ensuring long-term sustainability to counter the short-term fluctuations in the price of Bitcoin and the value of our Bitcoin treasury.

Speaker Change: We believe the advent of AI will redefine the future of work the education system that genius group is building is to prepare humans not for that day's work, but for their life's work, where each week isn't focused on working in nine to five and trying to outperform computers and robots, but instead is focused on humans pursuing self awareness of masri and self expression based on their path.

Speaker Change: The purpose and a unique genius.

Speaker Change: Including Bitcoin Academy.

Speaker Change: Communities are beginning to grow around the world that measure work not just in money work measured by what you get but also in community work based on what you give and personal work based on how you grow and while smart cities that built on spine technologies. The genius cities build on smart technologies and conscious people <unk>.

Speaker Change: Entrepreneurial Academy and Investor Academy and within each Academy, we are bringing world leaders.

Speaker Change: Which includes store leaders educators and offers to our students and so for example.

Speaker Change: Our recent acquisition of <unk> Academy from the basis of.

Speaker Change: Forms the basis of frequent Academy.

Roger Hamilton: And we also have a third driver, which we have mentioned last year, and I'm going to give more details of on this call, which is our Genius City Model. We believe a post-singularity future is one in which learning communities are designed differently from the communities of today. And while lifelong learning is integrated into the community, together with tokenized assets and an AI-powered workforce, we are currently developing our Genius City Model with city leaders in Singapore, Dubai, Abu Dhabi, London, Tokyo, Mumbai, Miami, Las Vegas, Toronto, Vancouver, Stockholm, and San Diego. And we plan to grow to 20 cities in 2025, with a goal of 100 cities by 2030, with a proposed plan for the first physical Genius City in Bali, Indonesia.

Speaker Change: <unk> creativity and community are at their heart.

It features safety and also who is the author of the Bitcoin standard.

Speaker Change: Can you just group is currently designing the first physical prototype of <unk> in Bali.

Speaker Change: Our Bitcoin Academy, which launches. This week in fact also features Gamify bite size micro courses fishing global thought leaders investors and educators in bitcoin, including since the luminous Vivek Ramaswami, Michael Sailor, Mike Novogratz, and many more and as a bit quaint Treasury education company, we plan to educate.

Speaker Change: This is in Indonesia in partnership with <unk>, a creative city spanning 44 hectares of oceanfront land and a project to develop Virginia city, including a physical genius School Genius Academy accelerators and enterprises as a prototype for the future of education is currently at signed term sheet stage and due diligence phase.

Speaker Change: Other CEO cfo's executives and investors on the long term value of bitcoin treasuries, even while we are prevented by U S court from buying any bitcoin so that our value creation will extend from our own shareholders to the decline in treasury movement globally.

Speaker Change: And whilst this project is not confirmed to proceed until board approval has been granted the project illustrates the vision that genius group has to develop a future education system that integrates with future communities in which technology enhances rather than replaces humanity.

Roger Hamilton: And that brings us on to our adoption of Bitcoin in our treasury. This is directly linked to our belief that the exponential economies of the future will be built by AI agents and robots. Currently, predictions are that AI agents and robots will greatly outnumber humans in the near future, and they will interact and incentivize each other by acting and transacting through digital money. And we believe that digital money will be backed by Bitcoin. Why? Because we believe if AI were to create its own perfect money, it would create a currency and store value that was blockchain-based, digital, with a finite supply that could not be debased, with no intermediary, and that was universally trusted and fully decentralized.

Speaker Change: By illustration, the Bally based Union City vision is of a lifelong learning community and incubator for the talent of Tomorrow, which includes number one entrepreneur and investor schools and incubators throughout the year.

Speaker Change: Number two corporate retreat centre and apprentice programs for enterprises number three co working space and talent pools in AI and the latest technologies.

Speaker Change: The first approved state because reserve just earlier this week.

Speaker Change: And that brings us onto the third main driver of genius group, our <unk> model.

Speaker Change: Number four 5% of income from enterprises, returning to the community and effectively creating a form of UBI number.

Speaker Change: We believe the advent of AI will redefine the future of work the education system that genius group is building is to prepare humans not for that day's work, but for their life's work, where each week isn't focused on working at 95 and trying to outperform computers and robots, but instead is focused on humans pursuing self awareness of masri and self expression based on their <unk>.

Speaker Change: Number five blockchain based investments in a combination and enterprises effectively creating token based assets and number six bitcoin based financing to enable flexible liquid investments in which people can be sticking with their big coin as collateral without actually having to sell it.

Roger Hamilton: And these are the qualities already inherent in Bitcoin and only Bitcoin.

Roger Hamilton: In the same way that early European settlers who invested in Manhattan profited from the scarce land on which the US economy was built, we believe investing in Bitcoin, which is the base on which the new digital economy of AI agents and robots we built, is fully aligned with our mission of harnessing technology to pass the final exam.

Speaker Change: That purpose and a unique genius.

Speaker Change: Communities are beginning to grow around the world that mix of work not just in money work measured by what you get but also in community work based on what you give and personal work based on how you grow.

Speaker Change: And getting a return from reward assets. We believe this model once properly developed can be replicated around the world and such communities will become magnet for entrepreneurs investors and global citizens seeking a purposeful environment of learning, earning giving and growing.

Speaker Change: And while smart cities that built on spine technologies. The genius is a build on smart technologies and conscious people.

Roger Hamilton: Now, subsequent to December 31st, the company had faced legal blocks that are impacting our operating business and growth plans that it is fighting vigorously against to protect our business and shareholders. And so while you will not find these in our 20F that we have filed, this is an update on the current situation within the business. These have been previously reported in the company's filings in 2025, and the company's guidance is based on the anticipated positive outcome in these proceedings.

Speaker Change: Education creativity and community are at their heart.

Speaker Change: And with that I'll hand, it over to chief financial <unk> to provide a summary of our 2023 financials.

Speaker Change: Can you just group is currently designing the first physical prototype of a GDS city in Bali.

Speaker Change: Thank you Roger good morning, everyone I can totally he tried to roger's comment about the group's vision and a desire to clear the legal opex such that we can really execute on our core plan on slide 14, we are focusing on the audited financial statement for 294 actual not going to you're finding we just filed this morning as there is no pending.

Speaker Change: This is in Indonesia in partnership with <unk>, a creative three spanning 44 hectares of oceanfront land and a project to develop Virginia city, including a physical genius School Genius Academy accelerators and enterprises as a prototype for the future of education is currently at signed term sheet stage and due diligence phase.

Speaker Change: Our recently closed M&A activity. Unlike the previous year, we are disclosing OLED.

Roger Hamilton: First of all, in January 2025, the company proceeded with arbitration with FatBrain AI, LTGI, with the company's shares related to the LTGI asset purchase agreement, subject to a mutually agreed preliminary injunction, or a PI. And the company continues to strengthen our balance sheet with the growth of its Bitcoin treasury to 440 billion, sorry, 440 Bitcoin. In February 2025, LTGI subsequently filed an additional PI to enjoin the company from selling shares, raising shareholder funds, and buying Bitcoin. And this was granted by the United States Court for the Southern Districts, first as a Temporary Restraining Order, or a TRO, in February, and then as a PI in March.

Speaker Change: Or is it the branches are not pro forma financials. The companys fully operations have been fully audited by.

Speaker Change: By the auditors.

Speaker Change: Company's revenue and profitability was favorably impacted by the Swiss surrounding the asset purchase agreement with SGA.

Speaker Change: The anticipated increase in the product and the revenue.

Speaker Change: Building from Ddos. They said they are not really transpire and as a result, the disruption to the company's operations to deal with very significant overall, the revenue dropped to $7 9 million from $23 million in the previous year.

Speaker Change: Number two corporate retreat centre and apprentice programs for enterprises number three co working space and talent pools in AI and the latest technologies.

Speaker Change: However, we're also reduced across the board with the cost of revenue dropping from $11 $1 million 23 to $3 5 million in 2024 hour operating expenses dropping from $48 3 million and portability totaling $2 7 million in political for the adjusted EBITDA loss also reduced slightly from $13 $2 million million overall onto <unk>.

Speaker Change: Number four 5% of income from enterprises, returning to the community and effectively creating a form of UBI.

Roger Hamilton: The company filed multiple letters and motions to the court explaining that the TRO and PI did not maintain the status quo pending arbitration, that they were based on false statements designed to defraud the court, and the intent of the filing of the TRO and PI was to extort further money from Genius. And as of today's date, the PI has remained in effect. The company has subsequently filed an appeal with the Second Circuit, and a hearing has been granted and scheduled for early May.

Speaker Change: Number five blockchain based investments in a combination and enterprises effectively creating coke life assets.

Speaker Change: Right <unk>.

Speaker Change: Difficult improvement.

Speaker Change: Six bitcoin based financing to enable flexible liquid investments in which people can be sticking with their bitcoin as collateral without actually having to sell it.

Speaker Change: <unk> grew from $43 2 million in 2023 $201 million in convertible. This includes the current effect going from $9 6 million to $42 2 million.

Speaker Change: And getting a return from reward assets. We believe this model once properly developed can be replicated around the world as those communities will become magnet for entrepreneurs investors and global citizens seeking a purposeful environment of learning, earning giving and growing.

Speaker Change: The total liabilities fell from $33 5 million in 2023 and <unk>.

Roger Hamilton: In relation to the company's allegations of fraud and extortion, on March 31, the company filed a lawsuit against Peter Ritz and Michael Mo as the controlling officers and directors of LZGI International. Here on the slide, it says that was on March 31, 2024. That should say March 31, 2025. And that was for RICO Act in the United States District Court, Southern District of Florida, seeking over $450 million in damages caused by the defendants to Genius Group.

Speaker Change: Well to $21 6 million in 2034. This shows that the net asset value grew from $19 7 million to $79 4 million, which is supporting growth in.

Speaker Change: Net asset value.

Speaker Change: And with that I'll hand, it over to Chief Financial Officer, Grub Derma to provide a summary of our 2023 financials.

Continued growth and the strength of our balance sheet in particular is dependent on the group's success with its legal action political constraints on our operations in the meantime, the company has been constantly taking actions to cut down on the past two out of the remaining business units in our tubing deeper WD.

Grub Derma: Okay. Thank you Roger.

Grub Derma: Good morning, everyone I can totally EPA to Roger's comment about the region and a desire to clear the legal opex such that we can really execute on our core plan on slide 14, we are focusing on the audited financial statement for 294, agile and not going to you're finding we just filed this morning as there is no pending a recently closed M&A activity. Unlike the <unk>.

Roger Hamilton: And now due to the current legally imposed restrictions, which are impacting the company's ability to fund and grow its operations, the company took a series of actions in April to lower the risk of being blocked further from conducting the normal operations of its business, as per the wishes, consent and authorizations of its shareholders and board. The company returned the custody of its Bitcoin from the United States, where it's being held as collateral for the company's Bitcoin loans, to Singapore, where the company is registered and headquartered. The company repaid all of its Bitcoin loans, making repayment a full of $20.9 million in order to release the Bitcoin from custody in the United States and transfer to Singapore.

Speaker Change: I'll hand, it over back to Roger to carry out before the presentation.

Roger: Thank you very much for that grew up with a summary.

Roger: Like to emphasize the current focus as I've said on profitability and cash positive growth given the constraints currently imposed on the business.

Grub Derma: This year, we are disclosing OLED.

Is that the branches are not pro forma financials. The companys fully operations have been fully audited.

Roger: So we are providing professional guidance of 10% to $15 million in sorry, $10 million to $30 million in revenue and positive EBITDA, which is dependent on us being able to lift a preliminary injunction on the company and enable us to build our balance sheet and treasury.

Grub Derma: By the auditors.

Grub Derma: Company's revenue and profitability was heavily impacted by the Swiss sounding the asset purchase agreement with Sci.

Grub Derma: The anticipated increase in the product and the revenue.

Grub Derma: Resulting from the transaction did not really transpire and as a result, the disruption to the company's operation throughout the year, but very significant overall, the revenue dropped to $7 9 million from $23 million in the previous year.

So we remain steadfast in our long term focus on the success of genius group, Despite our short term challenges.

Roger Hamilton: The company is now debt-free. And the company dramatically reduced its Bitcoin holdings from 440 Bitcoin to 66 Bitcoin for the period during which it remains blocked from raising funds or buying Bitcoin, with the possibility the company may need to sell all of its Bitcoin in order to convince the court to extinguish the PI. The cash in its treasury is also being held in Singapore. The ongoing damages caused by the alleged fraud and extortion on the company are being added to the damages the company is seeking to recover. And the company has also received an update on the lawsuit led by Krishan Attar related to alleged naked short-selling and spoofing of Genius Group shares, with alleged damages previously calculated at between $251 million and $263 million.

Roger: Winning against those are posing a progress.

Grub Derma: However, we're also reduced across the board with the cost of a new dropping from $11 1 million input 23 to $3 5 million in 2024, our operating expenses dropping from $48 3 million and portability totaling $2 7 million in political for the adjusted EBITDA loss also reduced slightly from $13 $2 million million overall onto <unk>.

Roger: Winning back the damages caused by their actions, which is substantial and as I mentioned in the hundreds of millions and igniting the genius of each student we talked with the Abcs of the future where AE is for AI. The future of work B is for blockchain in bitcoin, which is the future digital economy and see for community.

Grub Derma: Right, we have seen it.

Roger: With Saddam humanity can create more than it does choice as we reach the singularity and we collectively.

Grub Derma: Difficult enrollment.

Grub Derma: <unk> III.

Grub Derma: $3 2 million in 2023 $201 million in convertible. This includes the current effect going from $9 6 million to $42 2 million.

Roger: The final exam, which we're clearly right now battling ourselves I want to thank you for being an investor in <unk> group and <unk>.

Grub Derma: The total liabilities fell from $33 5 million in 2023, and it fell to $31 6 million in 2034. This shows that the net asset value grew from $19 7 million to $79 4 million, which is supporting growth in our program.

Roger Hamilton: West Christian of Krishan Attar has reported to the company that they anticipate calculations on updated damages will be completed and a complaint is anticipated to be filed by May 2025. Now these issues are ongoing and are imposing continuing damages and risk to the company's operations.

Roger: I do hope that all our vessels will share at the same long term patient with us about how important it is for a company like genius group to be delivering on the education that is try to deliver thank you very much everyone for tuning in and look forward to connecting with you.

Grub Derma: Net asset value.

Grub Derma: Growth and the strength of our balance sheet in particular is dependent on the group's success with its legal accident political constraints on our operations in the meantime, the company has been constantly taking actions to cut down on the cost two out of the three remaining business units and our tubing deeper WD.

Roger Hamilton: The company's legal team is dedicated towards achieving positive outcomes in its legal cases and will continue to take decisive actions against bad actors to protect the company and shareholders' interests. So just in summary, these legal actions and potential damages clearly are not in our balance sheet at all, but right now they already add up to well over $700 million and we anticipate it will most likely be over $1 billion by the time everything has been filed.

Roger: On our future communications.

Grub Derma: With that I'll hand, it over back to budget to carry out before the presentation.

Speaker Change: Thank you very much for that grew up with a summary.

Speaker Change: And I'd like to emphasize the current focus as occur offset on profitability and cash positive growth given the constraints permitting posed on the business.

Roger Hamilton: So whilst the legal team manages the legal cases I have just mentioned, the management team is focused on our core business of education. The lifelong learning market is a $10 trillion market, which is currently going through some global disruption. And we believe our model of a decentralized, personalized, gamified, AI-powered educational system preparing humanity for the economy of the future is on the right side of that disruption. And furthermore, we believe our use of AI mentors and agents is a game changer when combined with our gamified blockchain based GEM student credits. All of our students progress through a freemium to premium model, where they begin by joining a free event or course, register on our platform to meet their AI guide, personalize their journey, which they follow with additional AI training and tools.

Speaker Change: So we are providing professional guidance of $10 million to $15 million in sorry, $10 million to $30 million in revenue and positive EBITDA, which is dependent on us being able to lift a preliminary injunction on the company and enable us to build our balance sheet and treasury.

Speaker Change: So we remain steadfast in our long term focus on the success of genius group, Despite our short term challenges and.

Speaker Change: And winning against those opposing a progress on.

Speaker Change: Winning back the damages caused by their actions, which is substantial and as I mentioned in the hundreds of millions and igniting the genius of each student we touch with the Abcs of the future where AE is for AI the future of work B as for blockchain in Bitcoin, which is the future digital economy and see as for community.

Roger Hamilton: And as they build their learning profile, their learning steps become increasingly personalized. We're experiencing a wave of adoption in AI education globally, which is now also being endorsed by governments.

Speaker Change: Which this optionality can create more than it does choice as we reach the singularity and we collectively.

Speaker Change: The final exam, which we're clearly right now battling ourselves I want to thank you for being an investor in GFS group and.

Roger Hamilton: Notably, last week, President Trump signed an executive order establishing an AI education task force to advance AI training for K-12 students, faculty and staff in the United States public school districts, in an effort to provide early exposure to AI concepts and technology and develop an AI ready workforce and the next generation of AI innovators. So we believe genius is well-placed to capitalize on this wave, preparing the next generation for the future.

Speaker Change: I do hope that all our vessels will share at the same long term patient with us about how important it is for a company like genius group to be delivering on the education that is try to deliver thank you very much everyone for tuning in and look forward to connecting with you on our future communications.

Roger Hamilton: Now in 2025, we are rationalizing all of our branding under our Genius brand, with audiences specific to AI learning platforms from Genius School for primary and secondary school students, Student AI for university students, Teacher AI for school teachers and educators, and our Genius Academy for AI-powered lifelong learning, including Bitcoin Academy, Entrepreneur Academy, and Investor Academy. And within each academy, we are bringing world leaders, which includes thought leaders, educators, and authors to our students. So for example, our recent acquisition of XDA Academy from the basis of, form of the basis of Bitcoin Academy, it features Seipirin Amus, who is the author of the Bitcoin Standard.

Roger Hamilton: Our Bitcoin Academy, which launches this week, in fact, also features gamified, bite-sized microcourses featuring global thought leaders, investors, and educators in Bitcoin, including Cynthia Loomis, Vivek Ramaswamy, Michael Saylor, Mike Novogratz, and many more. And as a Bitcoin treasury education company, we plan to educate other CEOs, CFOs, executives, and investors on the long-term value of Bitcoin treasuries, even while we are prevented by a US court from buying any Bitcoin, so that our value creation will extend from our own shareholders to the Bitcoin treasury movement globally. And notably, it is not just companies, but now governments that are seeing value in building Bitcoin treasuries to preserve future capital.

Roger Hamilton: This includes the United States, where the White House announced the establishment of a strategic Bitcoin reserve in March 2025. Many US states are also moving forward with their own bills to establish Bitcoin reserves, with Arizona being the first to approve a state Bitcoin reserve just earlier this week.

Roger Hamilton: And that brings us on to the third main driver of Genius Group, our Genius City model. We believe the advent of AI will redefine the future of work. The education system that Genius Group is building is to prepare humans not for their day's work, but for their life's work, where each week isn't focused on working a 9 to 5 and trying to outperform computers and robots, but instead is focused on humans pursuing self-awareness, self-mastery, and self-expression based on their passions, their purpose, and their unique genius. Communities are beginning to grow around the world that measure work not just in money work, measured by what you get, but also in community work based on what you give, and personal work based on how you grow.

Roger Hamilton: And while smart cities are built on smart technologies, the Genius Cities are built on smart technologies and conscious people, where education, creativity, and community are at their heart.

Roger Hamilton: Genius Group is currently designing the first physical prototype of a genius city in Bali. This is in Indonesia, in partnership with Nuanu, a creative city spanning 44 hectares of oceanfront land. And the project to develop a genius city, including a physical genius school, genius academy, accelerators and enterprises as a prototype for the future of education, is currently at signed term sheet stage and due diligence phase. And while this project is not confirmed to proceed until board approval has been granted, the project illustrates the vision that Genius Group has to develop a future education system that integrates with future communities in which technology enhances rather than replaces humanity.

Roger Hamilton: By illustration, the Bali-based Junior City vision is of a lifelong learning community and incubator for the talent of tomorrow, which includes, number one, entrepreneur and investor schools and incubators throughout the year. Number two, corporate retreat center and apprentice programs for enterprises. Number three, co-working space and talent pools in AI and the latest technologies. Number four, 5% of income from enterprises returning to the community and effectively creating a form of UBI. Number five, blockchain-based investments in accommodation and enterprises, effectively creating tokenized assets. And number six, Bitcoin-based financing to enable flexible liquid investments in which people can be staking their Bitcoin as collateral without actually having to sell it and getting a return from real-world assets.

Roger Hamilton: We believe this model, once properly developed, can be replicated around the world and such communities will become magnets for entrepreneurs, investors, and global citizens seeking a purposeful environment of learning, earning, giving, and growing.

Gaurav Dama: And with that, I'll hand it over to Chief Financial Officer, Gaurav Dama, to provide a summary of our 2023 financial... Great. Thank you, Roger. Good morning, everyone. I can totally reiterate to Roger's comment about the group's vision and our desire to clear the legal obstruction so that we can freely execute our growth plan.

Gaurav Dama: On the slide 14, we are focusing on the audited financial statement for 2024, as shown in our 20-year filing, which was filed this morning. As there is no pending or recently closed M&A activity, unlike the previous year, we are disclosing only the audited financials and not pro forma financials. The company's operations have been fully audited by the auditors. The company's revenue and profitability was severely impacted by the issues surrounding the asset purchase agreement with LZGI. The anticipated increase in the product and the revenue resulting from the transaction did not really conspire. And as a result, the disruption to the company's operations throughout the year was very significant.

Gaurav Dama: Overall, the revenue dropped to 7.9 million from 23 million in the previous year. The costs, however, were also reduced across the board, with the cost of revenue dropping from 11.1 million in 2023 to 3.5 million in 2024. Our operating expenses dropping from 48.3 million in 2023 to 32.7 million in 2024. The adjusted EBITDA loss also reduced slightly from 13.2 million to 13 million.

Gaurav Dama: Overall, on the balance sheet side, we have seen a significant improvement. The total asset grew from 43.2 million in 2023 to 101 million in 2024. This includes the current asset growing from 9.6 million to 42.2 million. The total liabilities fell from 23.5 million in 2023, and it fell to 21.6 million in 2024. This shows that the net asset value grew from 19.7 million to 79.4 million, which is a 4x growth in our total net asset value.

Gaurav Dama: The continued growth and the strength of our balance sheet in 2025 is dependent on the group's success with its legal action to lift the current constraints on our operations. In the meantime, the company has been constantly taking actions to cut down on the cost. Two out of the three remaining business units are now achieving profitability.

Roger Hamilton: With that, I'll hand it over back to Roger to carry out the further presentation. Thank you very much for that, Gaurav, for the summary. And I'd like to emphasize the current focus, as Gaurav said, on profitability and cash positive growth, given the constraints currently imposed on the business.

Roger Hamilton: So we are providing provisional guidance of $10 to $15 million in revenue and positive EBITDA, which is dependent on us being able to lift a preliminary injunction on the company and enable us to build our balance sheet and treasury. And so we remain steadfast in our long-term focus on the success of Genius Group, despite our short-term challenges.

Roger Hamilton: And winning against those opposing our progress, on winning back the damages caused by their actions, which is substantial, and as I mentioned, in the hundreds of millions, and igniting the genius of each student, we touch with the ABCs of the future, where A is for AI, the future of work, B is for blockchain and Bitcoin, which is a future digital economy, and C is for community, which is how humanity can create more than it destroys, as we reach the singularity, and we collectively pass the final exam, which we're clearly right now battling ourselves.

Roger Hamilton: I want to thank you for being an investor in Genius Group, and I do hope that all investors will share the same long-term vision with us about how important it is for a company like Genius Group to be delivering on the education that it strives to deliver.

Roger Hamilton: Thank you very much, everyone, for tuning in, and look forward to connecting with you on our future communications.

Full Year 2024 Genius Group Ltd Earnings Call

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