Streamex Corp.

Ladies and gentlemen, thank you for standing by. My name is Colby, and I'll be your conference operator today. At this time, I'd like to welcome you to the STREAMxCorp 2025 Earnings and Corporate Update presentation. All lines have been placed on mute to prevent any background noise. Thank you. I'll now turn the call over to Morgan Leckstrom. You may begin.

Thank you, Colby. Hi, everybody. My name is Morgan Leckstrom. I'm the co-founder and executive chairman of STREAMx. Today, I want to focus on three main points. We'll discuss the key milestones the company achieved over the past year as we transitioned into a public company and built the foundation of what is now the StreamX platform. Second, we will do an update on our first product, GLDY, including our early traction, institutional demand, and our strategy for scaling the adoption. And third, but not least, last but not least, our long-term roadmap into 2026 and beyond as we expand the platform into additional tokenized and commodity assets, products, and the expandability and scalability of the platform and product itself. The past year has been transformational for StreamX. We believe that the groundwork we have laid positions the company well for the next phase of growth as we scale our platform and product ecosystems. I do want to remind everybody that there's a disclaimer. We will begin and we'll be having some forward-looking statements. Actual results may differ materially from those expressed or implied. We encourage investors to review the risk disclosures in our SEC filings, additional information. First, I want to talk about some of our key business highlights. Over the past year, we've made meaningful progress in building the StreamX platform and bringing our first tokenized commodity product to market. Some of the key highlights from this last year include launching GLDY, the first institutional-grade yield-bearing tokenized gold asset, receiving over $100 million in early institutional indications of interest prior to launch, strengthening our leadership team with board and executives from firms including Coinbase, Morgan Stanley, and other leading institutions including Bank of Montreal. and ending the year with a strong balance sheet and no outstanding debt, allowing us to focus squarely on growth and execution. These milestones are important because they establish the foundation for what we believe is a highly scalable, capital-like platform business model centered around tokenized commodities. A big part of this for us It started out in May of 2025, where we completed the transaction and transitioned StreamX into the publicly traded company it is today. Over the following months, we expanded the leadership team and board, adding deep experience across the commodities, the capital markets, and the digital asset infrastructure. We also strengthened the balance sheet through two equity financings. One in August of 2025, another in early 2026, raising approximately $55 million over the past 12 months. In early 2026, through those raises, we were able to eliminate all outstanding debt and successfully launch our GLBY token, our first tokenized commodity product. With those foundational steps completed, our focus now shifts towards scaling the platform and expanding the product ecosystems. At this point, I'll turn over the call to our Chief Financial Officer, Christine Plummer, to review our financial position. Christine, take it away.

Great. Thank you, Morgan. One of the most important outcomes of the past year is the strength of our balance sheet. As of year end, we held approximately $20 million in cash and cash equivalents, $9.7 million in marketable securities, and $23 million in other assets held for sale, primarily gold holdings. We also ended the year with no outstanding debt, which provides flexibility as we invest in platform development and product growth. Over the past 12 months, we raised approximately $55 million in equity capital, which provides sufficient runway to execute our strategy. Turning briefly to the income statement, for fiscal year 2025, we reported a net loss of approximately $461 million. Importantly, the vast majority of this loss relates to non-cash accounting items, including fair value remeasurement of derivative liabilities, stock-based compensation, acquisition-related accounting items, and amortization of acquired intangible assets. These items do not reflect the underlying operating economics of the business. Revenue remained minimal during 2025 as the company transitioned away from legacy operations and toward our tokenization platform. We expect revenues from the platform and related services to begin ramping in 2026. With that overview, I'll now turn the call to our Chief Investment Officer, Mitch Williams, who will walk through our first product, GLDY.