SOL Strategies Converts C$4.92M Debt to Equity and Posts 36.7% Revenue Growth
SOL Strategies posted FY25 revenue of CAD14.5M, up 36.7% year-on-year, while adjusted EBITDA declined to CAD4.2M from CAD9.5M. SOL Strategies will convert 50% of an outstanding credit facility into 2.3M common shares at C$2.14 and repay the remaining C$4.92M in cash in two tranches.
1. Repayment and Equity Conversion of Credit Facility
SOL Strategies has finalized terms for its amended credit facility with former Board Chairman Antanas Guoga. Under the agreement, 50% of the outstanding balance will convert into 2,300,726 common shares on January 7, 2026, based on the closing share price on December 30, 2025. The newly issued shares will be subject to a statutory hold period of four months and one day. The remaining balance will be repaid in cash via two equal tranches of C$2,461,777.12, due within seven and forty-five days of signing. This restructuring follows earlier repayments totaling C$7 million in October and November and is intended to strengthen the company’s balance sheet and optimize its capital structure.
2. Fiscal Year 2025 Financial Results and Growth Metrics
For the year ended September 30, 2025, SOL Strategies reported revenue of approximately C$14.5 million, a 36.7% increase over the prior year’s C$10.6 million. The company’s SOL token holdings grew to 435,159 SOL (approximately C$126.4 million) from 100,763 SOL (C$20.8 million) a year earlier. Revenue from validator rewards totaled C$5.4 million, up from nil in 2024, while staking rewards contributed C$4.8 million, compared to C$0.3 million a year prior. Adjusted EBITDA was C$4.2 million, down from C$9.5 million in fiscal 2024. Management will host a webcast and conference call on January 6, 2026, at 4:30pm EST to discuss these results and outline growth prospects.