DEFT Q1 2026 Earnings Transcript

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Date

Friday, May 15, 2026 astatine 11 a.m. ET

Call participants

• Chief Executive Officer — Johan Wattenstrom

• Chief Financial Officer — Paul Sandor Bozoki

• Chief Operating Officer — Andrew Forson

• Head of Investor Relations — Curtis Schlaufman

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Full Conference Call Transcript

Johan Wattenstrom: Thank you, Curtis, and convey you everyone for joining america today. The 2026 reflected a much challenging marketplace situation crossed integer plus sector, with softer marketplace conditions impacting assets nether management, staking-related income wide capitalist enactment during the period. At the aforesaid time, we judge the 4th reinforced the spot and durability of the concern we person built. Even successful what we presumption arsenic the astir challenging 4th of this caller crypto marketplace downturn, with plus prices reaching their lows during the period. DeFi Technologies generated gross of $11.2 cardinal affirmative nett income of $4.9 cardinal portion further strengthening the equilibrium expanse done a important betterment successful moving capital.

More broadly, the 4th demonstrated a resilience of our concern exemplary and the subject of our operating approach. We navigated the hard marketplace situation portion continuing to negociate outgo cautiously enactment the merchandise platform, and beforehand respective important agelong word maturation initiatives. Average AUM during the 4th was astir $503 cardinal with AUM levels done the play reaching astir $427 cardinal While little than anterior periods, these levels were broadly accordant with marketplace conditions, and disposable done our publically reported AUM disclosures. Importantly, our exemplary continues to show durability adjacent during weaker marketplace conditions.

Our absorption interest illustration remained comparatively stable, and our diversified monetization attack crossed absorption fees, staking activities, and trading infrastructure, and organization initiatives proceed to differentiate the platform. Across the business, we person demonstrated that DFI Technologies is not reliant connected immoderate azygous product, gross stream,, oregon marketplace environment. Our level continues to payment from aggregate pathways for maturation crossed plus management, trading, and superior markets infrastructure, and we judge the institution has ne'er been amended positioned to capitalize connected the convergence of decentralized concern and accepted superior markets. At the halfway of the radical remains Valor. Today, the level includes 103 listed products crossed aggregate exchanges globally.