 |
Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] South Korean cryptocurrency exchange Bithumb reported a sharp decline in net profit for 2025, despite posting solid growth in revenue and operating income.
According to the company on March 31, net profit fell 51.8% year-on-year to KRW 78.0 billion, down from KRW 161.9 billion in the previous year.
The decline was attributed to valuation losses stemming from falling cryptocurrency prices, which were reflected as non-operating expenses.
In contrast, core business performance remained strong. Revenue rose 31.2% to KRW 651.3 billion from KRW 496.4 billion a year earlier, while operating profit increased 22.3% to KRW 163.5 billion.
The results highlight the continued volatility of the cryptocurrency market, where asset price fluctuations can significantly impact bottom-line performance despite steady operational growth.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
