DivestmentMay 7, 2026, 04:39 PM
Digital Currency X Pro Forma Net Income $325.9M After Chijet Divestment
AI Summary
Digital Currency X Technology Inc. filed unaudited pro forma financial information reflecting the disposition of its new energy vehicle business, Chijet Inc. and its subsidiaries. The divestment, completed on March 20, 2026, for a nominal cash consideration of $1, significantly altered the company's financial profile. Pro forma net income attributable to Digital Currency X for the year ended December 31, 2025, would have been $325.9 million, a substantial improvement from the historical net loss of $9.9 million. Similar positive impacts are shown for 2024 and 2023, indicating a strategic shift away from the legacy vehicle business.
Key Highlights
- Digital Currency X completed the divestment of Chijet Inc. and its subsidiaries on March 20, 2026, for $1 cash consideration.
- Pro forma net income attributable to Digital Currency X for 2025 was $325.9 million, compared to a historical loss of $9.9 million.
- Pro forma basic and diluted EPS for 2025 was $139.40, significantly up from a historical loss of $4.22.
- Pro forma net income attributable to Digital Currency X for 2024 was $188.8 million, reversing a historical loss of $46.9 million.
- Pro forma net income attributable to Digital Currency X for 2023 was $310.6 million, reversing a historical loss of $68.1 million.
- The divestment resulted in a pro forma gain from disposal of $261.5 million for 2025.
- Pro forma total assets as of December 31, 2025, were $405.9 million, down from historical $866.7 million.
- Pro forma total liabilities as of December 31, 2025, were $96 thousand, down from historical $709.2 million.