For the year ending 2025-12-31, MRDN had -$12,047,644 decrease in cash & cash equivalents over the period. $19,173,578 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | -91,982,136 |
| Fair value of stock-based compensation | 4,091,449 |
| Non-cash interest expense related to debt discount amortization | 2,765,453 |
| Amortization of intangible assets | 9,165,798 |
| Depreciation of property, plant and equipment | 5,984,384 |
| Loss on valuation / impairment | 91,819,422 |
| Bad debt expense | 725,061 |
| (increase) decrease in accounts receivable | 2,606,175 |
| (increase) decrease in accounts receivable - related party | -176,840 |
| (increase) decrease in taxes receivable | -139,196 |
| (increase) decrease in prepaid expenses | -322,245 |
| (increase) decrease in other current assets | -461,662 |
| (increase) decrease in inventories | 1,278,092 |
| (increase) decrease in deposits | 628,210 |
| (increase) decrease in other non-current assets | 449,039 |
| Increase (decrease) in accounts payable and accrued liabilities | 7,690,470 |
| Increase (decrease) in accounts payable - related party | 273,995 |
| Increase (decrease) in taxes payable | 1,334,474 |
| Increase (decrease) in deferred revenues | -60,378 |
| Increase (decrease) in customer deposit | 567,667 |
| Increase (decrease) in other current liabilities | -495,751 |
| Increase (decrease) in other liabilities | -4,039,351 |
| Increase (decrease) in operating lease liabilities | 1,379,124 |
| Net cash provided by operating activities | 25,358,108 |
| Cash paid for intangible assets | 7,464,849 |
| Cash paid for investments | 5,431,507 |
| Cash paid for property, plant and equipment | 6,184,530 |
| Cash paid for purchase of subsidiaries | 1,097,395 |
| Cash distribution to former owners of meridianbet group in connection with the purchase | 1,824,971 |
| Cash assumed from acquisition with golden matrix | 0 |
| Net cash used in investing activities | -22,003,252 |
| Repayment on debt | 21,502,312 |
| Proceeds from loans and borrowings | 2,154,564 |
| Proceeds from sale of note and warrant | 0 |
| Proceeds from sale of stock | 2,960,897 |
| Repayment of lease | 2,750,092 |
| Payments of dividends | 144,782 |
| Share repurchase | 122,778 |
| Proceeds from option exercise | 0 |
| Net cash provided by (used in) financing activities | -19,404,503 |
| Effect of exchange rate changes on cash | 4,002,003 |
| Net increase (decrease) in cash and cash equivalents | -12,047,644 |
| Cash and cash equivalents at beginning of the year | 30,125,944 |
| Cash and cash equivalents at end of the year | 18,078,300 |
Meridian Holdings Inc. NV (MRDN)
Meridian Holdings Inc. NV (MRDN)