Groovy Company Reports $211,877 Revenue and $7.4M Net Income for Fiscal Year 2025

Groovy Company, Inc., formerly known as Santo Mining Corp., reported a significant financial performance for the fiscal year ending December 31, 2025, with revenues of $211,877, a substantial increase from $3,600 in the previous year. The company achieved a net income of $7,449,800, primarily due to a non-recurring gain of $7,809,856 from a Share Purchase Agreement with Pineapple Express Cannabis Company. Excluding this gain, the company incurred an operating loss of $357,386, reflecting ongoing challenges in achieving consistent profitability. As of the end of 2025, Groovy Company had an accumulated deficit of $472,097 and minimal cash reserves of $77.

The company has undergone significant strategic changes, including a name change and a focus shift towards blockchain technology. The OTCM Protocol, a blockchain-based platform for creating ST22 Security Tokens, is currently 67% complete and has processed over $7 million in liquidity across three issuer implementations. The company aims to complete the platform and launch it commercially, targeting 100 issuer companies in its first year and scaling to 5,000 by year five, with projected revenues growing from approximately $1.1 million to $50.5 million.

Operationally, Groovy Company has a small workforce, employing three executive officers and a 12-person software development team. The company is also pursuing a $20 million Security Token Offering to fund the completion of the OTCM Protocol and sustain operations. The development of the platform is critical, as it aims to address the liquidity crisis affecting dormant OTC securities, which is estimated to be around $50 billion. The company has also initiated international expansion plans across various exchanges, including those in Toronto, Shanghai, and Australia.

Despite the positive developments, the company faces substantial risks, including a limited operating history, reliance on key personnel, and the need for additional capital to continue operations. The financial statements are unaudited, raising concerns about the accuracy of reported figures. Management has acknowledged substantial doubt about the company's ability to continue as a going concern, emphasizing the need for successful fundraising and operational execution to achieve its business objectives. The outlook remains cautious, with management actively seeking to address these challenges while navigating a rapidly evolving regulatory environment for digital assets.