DMG Blockchain Solutions Reports Fourth Quarter and Full Year 2025 Audited Results

VANCOUVER, British Columbia, Dec. 18, 2025 — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, today announces its fiscal fourth quarter and full year audited 2025 financial results. All financial references are in Canadian Dollars unless specified otherwise. Readers are encouraged to review the Company’s September 30, 2025 full year audited financial statements and management’s discussion and analysis thereof for an assessment of the Company’s performance and applicable risk factors, available at www.sedarplus.ca.

Full Year 2025 Financial Results Highlights

• Revenue: $47.3 million, up 40% from $33.9 million in 2024
• Bitcoin Mined: 344 bitcoin with an ending balance of 342 bitcoin
• Hashrate: average 1.70 EH/s with fleet efficiency of 22.7 J/TH versus 2024 average of 0.96 EH/s with fleet efficiency of 26.7 J/TH
• Cash Flow from Operations: $16.2 million in 2025, up 97% from $8.2 million in 2024
• Cash, Short-term Investments and Digital Assets: $65.2 million at year-end, up 81% from $36.0 million at year-end 2024
• Total Assets: $132.0 million at year-end, up 27% from $103.9 million at year-end 2024
• Net Income: -$10.3 million or -$0.05 per share versus -$5.2 million or -$0.03 per share in 2024
• Comprehensive Income: $11.3 million vs $5.1 million in 2024

DMG’s CEO, Sheldon Bennett, commented: “In 2025, we positioned the Company to enter the high-value Artificial Intelligence (AI) infrastructure market and grow our digital asset financial services offerings. We cultivated relationships with the Canadian government, enterprises and Indigenous communities to capture unique sovereign AI opportunities with a strategic focus on a colocation business model. In addition, our digital asset custody subsidiary achieved qualified custodian status as well as SOC 2 Type II certification, positioning it for revenue growth in the calendar 2026. We believe our strong balance sheet can help us weather the current crypto market downturn while we remain focused on long-term growth and cash generation.”

Full Year 2025 Financial Results Review

Revenue increased by $13,436,987 to $47,337,070 for the year ended September 30, 2025 from $33,900,083 for the year ended September 30, 2024. The increase in revenue is attributable to increases in digital currency mining revenues of $12,202,250. This increase is the result of a higher average bitcoin price and the Company’s expansion of its mining operations, which increased the Company’s mining performance relative to the upward difficulty adjustment of the Bitcoin network during the same period in the prior year. Hosting service revenue decreased to $574,343 in the year ended September 30, 2025 from $1,180,573 in the prior period.

Operating and maintenance expenses for the year ended September 30, 2025 was $27,663,713, compared to $19,733,886 in the previous year ended September 30, 2024. This increase is primarily due to a $6,299,161 rise in utilities expenses driven by additional mining capacity added to the Company’s Christina Lake facility during the year. Furthermore, hosting fees paid to third parties, totaling $2,074,467, also contributed to the increase over the prior period.

Research costs for the year ended September 30, 2025 increased by $183,225 over the prior period as the company executed on its Digital Asset Software and Services efforts for Systemic Trust, Terra Pool, Helm, Reactor and Blockseer Explorer. General and administrative costs for the year ended September 30, 2025 were $6,191,937 in comparison to $5,860,448 for the year ended September 30, 2024. General and administrative costs consist mostly of wages, professional fees, consulting fees and financing costs. The increase is attributable mainly to an increase of $508,786 in financing costs related to the Company’s credit facility with Sygnum Bank and an increase in insurance costs of $109,783 resulting from additional coverage required for Systemic Trust. These increases were offset by a decrease of $347,116 from professional fees and consulting expenses over the prior year.

Net loss of $10,267,969 for the year ended September 30, 2025 increased by $5,038,407 from a net loss of $5,229,562 for the year ended September 30, 2024. The change is primarily a result of the IFRS revaluation method applied to digital currencies, where unrealized gains that reverse prior period losses are applied to net income and unrealized gains in excess of the carrying value are applied to other comprehensive income. For the year ended September 30, 2025, the entire $21,671,555 unrealized revaluation gain for the year was recognized in other comprehensive income and did not contribute to a reduction in the Company’s net loss. For the year ended September 30, 2024, the total gross unrealized revaluation gain was $19,472,036; of this, $9,178,788 was recognized as a reduction of net loss and remaining revaluation gain of $10,293,248 was recognized in other comprehensive income.

Comprehensive income increased by $6,269,853 from $5,070,008 for the year ended September 30, 2024 to $11,339,861 for the year ended September 30, 2025. The improved operating results are primarily driven by strong growth in digital currency mining revenue, which increased by $12,202,250 over the prior year, an amount that substantially exceeded the corresponding increase in mining utility expenses of only $6,299,161 over the prior year.

Total assets as of September 30, 2025 was $132,030,085, an increase of $28,161,104. The increase is mostly attributable to the Company’s purchase of $9,116,500 short-term investments and a net increase in digital currency of $20,112,897, due to the revaluation of digital currency balances resulting from an increase in the price of bitcoin, which was $158,814 as of September 30, 2025 as compared to $88,673 as of September 30, 2024.

Fourth Quarter and Full Year 2025 Results Conference Call Details

The Company will host a conference call to review its results and provide a corporate update on December 18, 2025 at 4:30 PM ET. Participants should register for the call via the link.

In addition to a live Q&A session via chat, management will also address pre-submitted questions. Those wishing to submit a question may do so via email at investors@dmgblockchain.com, using the subject line ‘Conference Call Question Submission,’ through 2:00 PM ET on December 18, 2025.

About DMG Blockchain Solutions Inc.

DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move bitcoin in a sustainable and regulatory-compliant manner. DMG’s Blockseer Explorer is a feature-rich, freely available Bitcoin blockchain explorer, available at blockseer.com.

For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
Follow @dmgblockchain on X and subscribe to DMG’s YouTube channel.

For further information, please contact:

On behalf of the Board of Directors,

Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com

For Investor Relations:
investors@dmgblockchain.com

For Media Inquiries:
communications@dmgblockchain.com

NT4