Overview

• Company posted Q1 net loss of $71 mln, reflecting $53.5 mln non-cash digital asset losses

• Digital asset treasury platform's Q1 adjusted revenue rose yr/yr, driven by staking and lending income

• Non-cash losses stemmed from SUI price decline and asset transfer to Galaxy Digital

Outlook

• SUI Group aims to increase SUI-per-share and reinforce its role in digital asset innovation

Result Drivers

• STAKING AND LENDING INCOME - Adjusted revenue growth was mainly driven by staking revenue and digital lending interest income from the SUI digital asset treasury strategy

• DIGITAL ASSET LOSSES - Non-cash losses of $53.5 mln resulted from a decline in SUI price and asset transfer to Galaxy Digital, impacting net income

• SUI STAKING YIELD - Substantially all SUI holdings were staked, earning an estimated 1.8% yield

Company press release: ID:nBw5bNVjLa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Basic EPS		-$0.88

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

• Wall Street's median 12-month price target for SUI Group Holdings Ltd is $2.50, about 42.9% above its May 6 closing price of $1.75

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