Quarterly ResultMay 4, 2026, 08:02 AM
Currenc Group Announces FY2025 Results Amid Strategic Transformation
AI Summary
Currenc Group announced its full-year 2025 financial results, reporting a net loss of US$18.5 million, an improvement from US$38.8 million in FY2024. The company achieved significant strategic transformation, including a proposed reverse merger with Animoca Brands and the planned sale of Tranglo for US$400 million. Gross profit increased to US$15.4 million with a margin of 40.8%, while total operating expenses decreased to US$23.4 million, reflecting a strategic shift towards AI and Web3 solutions and divestment of lower-margin businesses. Additionally, Currenc converted US$54.6 million in related party loans to equity and partnered with Securitize to tokenize its Nasdaq-listed shares.
Key Highlights
- Proposed reverse merger with Animoca Brands to create a diversified digital assets conglomerate.
- Planned sale of Tranglo for US$400 million to New Margin, funding AI/Web3 and debt reduction.
- Converted CEO Alex Kong's US$54.6 million related party loans to equity, issuing 35,653,995 shares.
- FY2025 net loss improved to US$18.5 million from US$38.8 million in FY2024.
- Gross profit increased to US$15.4 million (40.8% margin) from US$14.6 million (31.4% margin) YoY.
- Total operating expenses decreased to US$23.4 million from US$42.0 million in FY2024.
- Total revenues (excluding divested entities) were US$37.8 million for FY2025, a 10.3% decrease YoY.
- Tranglo's TPV was US$5.6 billion for FY2025, up 1.2% YoY; combined EBITDA for Tranglo/WalletKu was US$2.6 million.