XTL Biopharmaceuticals Takes Major Impairment on The Social Proxy in First-Half 2025 Results

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2025.12.30 19:57
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XTL Biopharmaceuticals reported significant financial results for the first half of 2025, including a near-total write-down of its subsidiary, The Social Proxy, due to disputes with former shareholders and executive resignations. This led to a $3.2 million goodwill impairment and a net loss of $5.5 million, despite $0.5 million in revenue. The company's liquidity weakened, with cash and marketable securities dropping to $0.25 million. Analysts view XTLB stock as underperforming, citing ongoing financial difficulties and a bearish outlook.