Madison Technologies Inc. 2025 Annual Report: Key Highlights and Investor Considerations

Summary of Business and Strategic Direction

Madison Technologies Inc. (“Madison” or the “Company”) is a Nevada corporation, incorporated in 1998. The Company is currently focused on creating, developing, and launching BlockchainTV (BCTV), a first-to-market 24/7 television broadcast and streaming network dedicated to providing up-to-date cryptocurrency information and entertainment. This initiative targets the information void in the blockchain community, aiming to become a credible, reliable, and unbiased source of news and insights for viewers in the U.S. and globally.

The Company envisions delivering live news programming with anchors providing breaking news, in-depth stories, and interviews around the clock, initially broadcasting from Niagara Falls, Ontario, with plans for further expansion into other key cryptocurrency markets.

Recent Developments and Financial Condition

• Change of Control and Operational Status: Since October 2023, following a change of control, Madison has had minimal operations and nominal assets (primarily cash). The Company has engaged in discussions to reactivate its BCTV business plans, but as of the Annual Report filing, there is no guarantee of the timing or success of these efforts.
• Outstanding Debt in Default: The Company has not been able to repay approximately \$3.5 million in debt, which is currently in default, including accrued interest, default interest, and late fees. Management is working with noteholders to renegotiate or resolve these obligations. This default status is significant and could materially affect the Company’s financial flexibility and share value.
• History of Losses and Going Concern Risk: Madison reported net losses of \$3.0 million and \$2.8 million for 2025 and 2024, respectively, with an accumulated deficit of \$34.6 million as of December 31, 2025. The Company acknowledges substantial doubt about its ability to continue as a going concern without additional capital.
• Future Capital Needs and Dilution Risk: The Company expects to require further equity or debt financing to support business growth and respond to challenges. Additional financing may lead to significant shareholder dilution and/or restrictive covenants in future debt agreements.
• Product Market Entry and Acceptance Risk: Madison has not yet commercialized any products or services and sees significant risk regarding market acceptance of BCTV. Factors such as competitive pricing, the success of marketing efforts, and potential unfavorable publicity could impact future revenue.
• Operating Status: As of April 14, 2026, Madison had 1,678,095,243 shares of Common Stock outstanding.
• SEC Reporting Status: The Company is a “non-accelerated filer,” a “smaller reporting company,” and has not achieved profitability. Consequently, it is subject to scaled disclosure requirements, which may make it more challenging for investors to analyze results and prospects.

Risks and Shareholder Considerations

• Highly Speculative and Price-Sensitive: The Company’s ability to continue as a going concern and resolve its debt defaults are highly material and could significantly affect the share price. Any positive or negative developments in these areas may result in substantial price movements.
• Competitive Landscape: Although major media companies like Bloomberg and Comcast (CNBC/MSNBC) cover cryptocurrency, no current network offers dedicated, continuous blockchain content. Madison aims to fill this niche, but faces competition from established media and new entrants.
• Dependence on Future Financing: Without additional funding or improvement in financial performance, Madison may not survive. Failure to raise capital could lead to the modification, delay, or abandonment of business plans, further harming shareholder value.
• Operational Constraints: Existing promissory and convertible notes include negative covenants limiting the Company’s flexibility in incurring new debt, asset sales, distributions, and other corporate actions. Breach of these covenants could trigger defaults and accelerate obligations.
• Market and Execution Risks: The Company acknowledges the risk of not being able to attract viewers, customers, or partners, which would harm future revenues and operating results. Retention costs and potential customer turnover are additional risks.
• Potential Acquisitions: The Company may pursue acquisitions to expand its business, which could result in increased expenses, management distraction, dilution, or unforeseen liabilities.

Additional Information for Investors

• No Research and Development Spend: The Company has not allocated funds to R&D to date.
• No Securities Registered Under Section 12(b): Only Common Stock – \$0.001 par value is registered under Section 12(g).
• No Attestation of Internal Controls: As a smaller reporting company, Madison is not required to have an external auditor attestation of its internal controls over financial reporting.
• Forward-Looking Statements: The report includes forward-looking statements regarding the Company’s business plans, capital needs, and future performance, all of which are subject to significant risks and uncertainties.

Conclusion

Madison Technologies Inc. presents a highly speculative investment proposition with substantial risks related to its ability to continue as a going concern, resolve defaulted debt, and successfully launch its BCTV initiative. Any developments in these areas are likely to be highly price sensitive and could lead to significant share price volatility. Investors are advised to closely monitor upcoming disclosures and company announcements for material changes that may impact valuation.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making investment decisions. Madison Technologies Inc. is a speculative security with substantial risks as outlined above. The information herein is based on the Company’s 2025 Annual Report and is subject to change without notice.

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