Nexxen Expands U.S. Partnership with Tubi to U.K.
Strategic partnership enhances advertiser engagement and monetisation in the growing U.K. streaming market
LONDON, March 19, 2025 (GLOBE NEWSWIRE) -- Nexxen, (NASDAQ: NEXN), a global, unified advertising technology platform with deep expertise in data and advanced TV, today announced an expansion of its partnership with Tubi, Fox Corporation's ad-supported streaming service. Building on Nexxen and Tubi's partnership in the U.S., Nexxen will now support Tubi in the U.K. through its supply-side platform, Nexxen SSP, to increase programmatic advertising revenue opportunities.
The connected TV market in the U.K. has experienced strong growth of late, with a reported increase of 49% in viewing time in 2024, per Ofcom's annual report. Nexxen's unique advertising demand enables Tubi to further capitalise on this expanding viewership.
Tubi launched in the U.K. in July 2024 with one of the largest and most diverse content libraries in the market, which now includes more than 30,000 films and TV episodes. Tubi's U.K. content library pairs some of the most popular Hollywood films with modern British classics while also offering series from well-known U.K. TV franchises alongside new areas for discovery, from Bollywood and Nollywood to arthouse cinema. In January, Tubi announced that it surpassed 97 million monthly active users world-wide, streaming more than 10 billion hours during the 2024 calendar year.
'We're thrilled to be expanding Tubi's sell-side partnerships in the U.K., and that Nexxen's buy-side customers – who consist of demand-side platforms ('DSPs'), advertising agencies and brands – will now have access to one of the largest on-demand, free film and TV series libraries in the country,' said Paul Gubbins, Vice President of Sales and Programmatic Partnerships for the U.K. at Tubi.
'Tubi has brought a really exciting proposition to the U.K. market – with a strong brand and content library, it has already demonstrated impact,' said Emily Brewer, Director of Business Development at Nexxen. 'We're seeing significant interest from advertisers and major agencies for reaching Tubi's audiences on the largest screen in the house.'
About NexxenNexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform ('DSP') and supply-side platform ('SSP'), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen's robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to achieve their goals, no matter how far-reaching or hyper niche they may be.
Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on the Nasdaq (NEXN). For more information, visit www.nexxen.com.
About Tubi Tubi is a global entertainment company dedicated to providing all people access to all the world's stories. Tubi offers the largest collection of premium on-demand content, including over 275,000 movies and TV episodes and more than 300 exclusive originals. With a passionate fanbase and over 97 million monthly active viewers world-wide, the company is committed to putting viewers first with free, accessible entertainment. Tubi is part of Tubi Media Group, a division of Fox Corporation that oversees the company's digital businesses.
Forward-Looking StatementsThis press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'may,' 'can,' 'will,' 'estimates,' and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Nexxen and Tubi partnership and any benefits or insights associated with the partnership as well as any benefits associated with any of Nexxen's products and platforms including the Nexxen Marketplaces, Discovery Tool, cross-screen measurement tools, Data Platform and CTV offering. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen's actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including, but not limited to, the following: negative global economic conditions; global conflicts and war, including the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas and Israel and Hezbollah, and how those conditions may adversely impact Nexxen's business, customers, and the markets in which Nexxen competes. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company's most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission (www.sec.gov) on March 5, 2025. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law.
For more information, please contact:
Genevieve Wheeler Communications Director gwheeler@nexxen.comSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
AccuStem Sciences, Inc. Announces Chairman Purchase of Shares
LONDON, June 13, 2025 (GLOBE NEWSWIRE) -- AccuStem Sciences, Inc. (OTCQB: ACUT), a clinical stage diagnostics company dedicated to improving outcomes for patients with cancer, announced that its Chairman of the Board, Mr. Gabriele Cerrone, has notified the Company that he has recently purchased an additional 8,991 ACUT shares in the open market. This brings his total holding to 6,500,000 shares. About AccuStem AccuStem is a clinical stage diagnostics company dedicated to optimizing outcomes and quality of life for all patients with cancer. We plan to drive innovation in healthcare by offering proprietary molecular testing that addresses unmet clinical needs from cancer screening through treatment and monitoring. By interrogating novel disease pathways, such as tumor 'stemness,' we believe our tools will help care teams better understand the biology of each patient's cancer, leading to more informed decision making. For more information, please visit Investor and Media Contact:Wendy BlosserEmail: investors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
- Yahoo
MoneyHero Group Reports First Quarter 2025 Results
Adjusted EBITDA loss improved by 49% YoY to US$(3.3) million Improving revenue mix with high-margin insurance and wealth revenue accounting for 25% of revenue, up 11 pp YoY Cost of revenue fell by 55% YoY and accounted for 44% of revenue, down 20 pp SINGAPORE , June 13, 2025 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) ('MoneyHero' or the 'Company'), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced its financial results for the first quarter ended March 31, 2025. Management Commentary: Rohith Murthy, Chief Executive Officer, stated: 'We began 2025 with strong momentum, building on the strategic pivot we initiated last year. In Q1, we made significant financial progress — reducing net loss to US$(2.4) million from US$(13.1) million during the same period last year, improving our Adjusted EBITDA loss to US$(3.3) million, and lowering our cost of revenue by 20-points to 44% of total revenue. These improvements reflect our disciplined focus on enhancing revenue quality, operating leverage, and margin expansion. 'Our strategy is delivering. By reallocating resources toward higher-margin verticals such as insurance and wealth, we are steering the business toward sustainable, profitable growth. These verticals now account for 25% of total revenue, an increase of 11-points year-over-year. Notably, our car insurance platform, launched in partnership with bolttech, is outperforming our expectations by driving higher conversion rates and recurring revenue with seamless end-to-end journeys and real-time pricing. 'We have also made substantial operational efficiency gains. Following last year's restructuring to reset our cost base, we are leveraging AI across the organization to maintain a lean cost structure as we scale. From content creation and service automation to engineering workflows, AI is enhancing workforce productivity, reducing inquiry volumes, and improving user experience — all while keeping expenses flat. Consequently, our unit economics continue to improve quarter after quarter. 'Our member base is rapidly expanding, with registered MoneyHero Group Members increasing by 38% year-over-year to over 8 million. Leveraging these insights, we have refined our strategy and optimized our marketing spend to deliver highly personalized offers that boost user engagement – achieving stronger results with marketing costs falling 25% year-over-year. 'We are encouraged to see growing signs of recovery in the Philippines, a key market for us. After a major banking partner exited last year, we recently secured new partnerships with BPI and RCBC, restoring product supply across key verticals. These partnerships significantly strengthen our market position and offerings, and we anticipate a meaningful rebound in our performance during the second half of 2025 as these partnerships scale. 'Looking ahead, our priority throughout the remainder of the first half of 2025 will be to consolidate our recent operational gains. In the second half, we expect to accelerate topline growth by activating our robust pipeline of banking partnerships, strategically scaling our higher-margin insurance business, and launching Credit Hero Club in collaboration with TransUnion. Credit Hero Club will provide consumers with free credit scores, credit monitoring, and personalized financial product recommendations, thereby driving higher user engagement and conversion rates. This strengthens our confidence in accelerating our revenue growth and reaching positive Adjusted EBITDA in the later part of the year. 'With no debt and US$36.6 million in cash, we are well-positioned to invest in high-return growth initiatives and capitalize on opportunities as the regional personal finance comparison sector evolves. Our focus on disciplined execution, quality growth, and prudent capital deployment uniquely position us to lead market consolidation, deliver long-term shareholder value, and scale efficiently in a dynamic environment.' Danny Leung, interim Chief Financial Officer, added: 'Our financial performance during the quarter clearly reflects the progress we are making following our strategic pivot in the second half of 2024, with a strong focus on revenue quality and disciplined operational management. 'While revenue declined 35% year-over-year as part of our strategic focus on improving quality, revenue mix substantially improved with high-margin verticals increasingly accounting for a larger proportion. Personal loans increased from 15% to 17% of total revenue, insurance grew from 8% to 13%, and wealth surged from 6% to 12%, further reducing our reliance on relatively lower-margin credit cards which decreased 13-points to 57%. Cost of revenue also fell by 55% year-over year and accounted for 44% of total revenue, a 20-point decrease. Combined, this significantly improved gross margins and underscores the effectiveness of our strategy to reposition toward higher-quality, sustainable revenue. 'Our operational efficiency initiatives are already proving to be highly effective, with total operating expenses falling by 26% year-over-year across advertising and marketing, technology, employee benefits, and general administrative costs. We are carefully managing costs while strategically investing in growth areas such as customer acquisition, technology re-platforming, and advanced data infrastructure. 'As a direct result of expanding gross margins and reduced operating expenses, net loss narrowed substantially to US$(2.4) million this quarter from US$(13.1) million during the same period last year—a significant improvement of over US$10 million. Adjusted EBITDA loss also improved markedly, narrowing from US$(6.4) million to US$(3.3) million year-over-year, underscoring our clear trajectory toward sustainable profitability. 'Looking ahead, we expect Adjusted EBITDA to improve throughout 2025, supported by steadily expanding margins and sustained operational efficiency. We remain confident in our ability to achieve positive Adjusted EBITDA in the later part of the year. Our strong cash position and disciplined investment strategy will ensure we remain focused on profitable growth and delivering sustained value to our shareholders.' First Quarter 2025 Financial Highlights Revenue decreased by 35% year-over-year to US$14.3 million in the first quarter of 2025, reflecting a strategic shift toward diversifying revenue mix to enhance revenue quality and the high base effect set during the same period last year with significant marketing and customer acquisition spending in the credit card vertical to expand market share. Revenue from insurance products increased by 4% year-over-year to US$1.9 million in the first quarter of 2025, accounting for 13% of total revenue, compared to 8% during the same period last year. Revenue from wealth products increased by 20% year-over-year to US$1.7 million in the first quarter of 2025, accounting for 12% of total revenue, compared to 6% during the same period last year. Cost of revenue decreased by 55% year-over-year to US$6.4 million and accounted for 44% of revenue, a decrease of 20 percentage points from 64% during the same period last year, reflecting improved gross margins through rewards costs optimization. Total operating costs and expenses, excluding net foreign exchange differences, decreased to US$18.3 million in the first quarter of 2025 from US$30.4 million during the same period last year. This reduction was driven by more targeted and cost-efficient marketing campaigns, combined with strategic streamlining of technology costs to simplify workflows, and a comprehensive HR cost restructuring initiative. Net loss for the period narrowed sharply to US$(2.4) million during the first quarter of 2025, compared to US$(13.1) million in the same period last year, supported by lower operating costs as well as lower non-operating expenses including foreign exchange differences and changes in fair value of financial instruments. Adjusted EBITDA loss improved to US$(3.3) million in the first quarter of 2025 from US$(6.4) million in the prior year period. First Quarter 2025 Operational Highlights Monthly Unique Users for the three months ended March 31, 2025, of 5.7 million MoneyHero Group Members, to whom the Company provides more tailored product information and recommendations, grew by 38% year-over-year to 8.1 million as of March 31, 2025 MoneyHero sourced 399,000 applications and had 155,000 approved applications in the first quarter of 2025 Capital Structure The table below summarizes the capital structure of the Company as of March 31, 2025: Share Class Issued and Outstanding Class A Ordinary 29,949,1931 Class B Ordinary 13,254,838 Preference Shares 2,407,575 Total Issued Shares 45,611,606 Employee Equity Options 618,7172 Issued Class A Ordinary Shares Underlying Employee Equity Options (618,717)3 Total Issued and Issuable Shares4 45,611,606 _____________________________________1 Includes 618,717 shares issued to Computershare Hong Kong Investor Services Limited ('Computershare') which are held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder. 2 Includes granted but unexercised options as well as exercised options, pursuant to which the shares have not yet been issued as of March 31, 2025.3 Issued in advance to Computershare and held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder. 4 Public Warrants, Sponsor Warrants, Class A-1 Warrants, Class A-2 Warrants and Class A-3 Warrants are excluded since they are out of the money. Summary of financial / KPI performance For the Three Months Ended March 31, 2025 2024 (US$ in thousands, unless otherwise noted) Revenue 14,314 22,175 Adjusted EBITDA (3,309 ) (6,440 ) Clicks (in thousands)5 2,081 N/A Applications (in thousands)6 399 495 Approved Applications (in thousands)6 155 206 Revenue breakdown For the Three Months Ended March 31, 2025 2024 US$ % US$ % (US$ in thousands, except for percentages) By Geographical Market: Singapore 5,084 35.5 8,944 40.3 Hong Kong 6,396 44.7 7,716 34.8 Taiwan 1,054 7.4 1,402 6.3 Philippines 1,779 12.4 3,979 17.9 Malaysia - - 133 0.6 Total Revenue 14,314 100.0 22,175 100.0 By Source: Online financial comparison platforms 12,638 88.3 18,058 81.4 Creatory 1,676 11.7 4,117 18.6 Total Revenue 14,314 100.0 22,175 100.0 By Vertical: Credit cards 8,173 57.1 15,426 69.6 Personal loans and mortgages 2,495 17.4 3,297 14.9 Wealth 1,663 11.6 1,387 6.3 Insurance 1,892 13.2 1,827 8.2 Other verticals 91 0.6 239 1.1 Total Revenue 14,314 100.0 22,175 100.0 _____________________________________5 As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable click data for this period following the transition. Please refer to the section titled 'Key Performance Metrics and Non-IFRS Financial Measures' for more information regarding the change in methodology.6 Due to the nature of our business, there is often a delay in receiving confirmation of the number of Applications and Approved Applications by our commercial partners. As a result, the disclosed figures may utilize estimations if data is unavailable. Key Metrics For the Three Months Ended March 31, 2025 (in millions, except for percentages) Monthly Unique Users7 Singapore 1.3 22.6 % Hong Kong 1.0 17.3 % Taiwan 1.8 31.2 % Philippines 1.7 29.0 % Total 5.7 100.0 % Total Traffic7 Singapore 3.1 17.6 % Hong Kong 3.3 18.7 % Taiwan 5.9 33.5 % Philippines 5.3 30.1 % Total 17.5 100.0 % As of March 31, 2025 2024 (in millions, except for percentages) MoneyHero Group Members Singapore 1.4 16.7 % 1.2 21.0 % Hong Kong 0.9 11.0 % 0.7 12.6 % Taiwan 0.4 4.6 % 0.3 4.5 % Philippines 5.5 67.7 % 3.4 57.2 % Malaysia 0.0 0.0 % 0.3 4.8 % Total 8.1 100.0 % 5.9 100.0 % Conference Call Details The Company will host a conference call and webcast on Friday, June 13, 2025, at 8:00 a.m. Eastern Standard Time / 8:00 p.m. Singapore Standard Time to discuss the Company's financial results. The MoneyHero Limited (NASDAQ: MNY) Q1 2025 Earnings call can be accessed by registering at: Webcast: call: The webcast replay will be available on the Investor Relations website for 12 months following the event. _____________________________________7 As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable monthly unique users and total traffic for this period following the transition. Please refer to the section titled 'Key Performance Metrics and Non-IFRS Financial Measures' for more information regarding the change in methodology. About MoneyHero GroupMoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia's largest operating B2C platform. MoneyHero had over 260 commercial partner relationships as at March 31, 2025, and had approximately 5.7 million Monthly Unique Users across its platform for the three months ended March 31, 2025. The Company's backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC's digital economy, please visit Key Performance Metrics and Non-IFRS Financial Measures Historically, we utilized data from Universal Analytics ('UA'), Google's analytics platform, to measure three key business metrics: monthly unique users, traffic, and clicks. Effective July 1, 2024, Google Analytics 4 ('GA4') replaced UA. The methodologies used in GA4 are different and not comparable to the methodologies used in UA. While Google has provided some guidance on these differences, Google has not made available sufficient information for us to assess the impact (whether positive or negative) of this transition on our key business metrics, nor can we quantify the extent of such impact. Furthermore, due to the adoption of GA4, we have adjusted our definitions of these key business metrics to enhance accuracy and align them more closely with previous definitions under UA. Therefore, we are unable to provide comparable data for monthly unique user, traffic, and clicks for any periods prior to July 1, 2024. 'Monthly Unique User' means as a unique user with at least one session in a given month as determined by a unique device identifier from GA4. A session begins when a user opens an app in the foreground or views a page or screen while no other session is currently active (e.g., the prior session has ended). A session concludes after 30 minutes of user inactivity. To measure Monthly Unique Users over a period longer than one month, we calculate the average of the Monthly Unique Users for each month within that period. If an individual accesses a website or app from different devices within a given month, each device is counted as a separate unique user. However, if an individual logs in and accesses a website or app using the same login across different devices, they will only be counted as one unique user. 'Traffic' means the total number of unique sessions in GA4. A unique session is a group of user interactions recorded when a user accesses a website or app within a 30-minute window. The current session concludes when there is 30 minutes of inactivity or users have a change in traffic source. 'MoneyHero Group Members' means (i) users who have login IDs with us in Singapore, Hong Kong and Taiwan, (ii) users who subscribe to our email distributions in Singapore, Hong Kong, Taiwan, the Philippines and Malaysia, and (iii) users who are registered in our rewards database in Singapore and Hong Kong. Any duplications across the three sources above are deduplicated. 'Clicks' means the sum of unique clicks by product item on a tagged 'Apply Now', 'Express Buy', 'Buy' or similar button on our website, including product result pages and blogs. We track Clicks to understand how our users engage with our platforms prior to application submission or purchase, which enables us to further optimize conversion rates. 'Applications' means the total number of product applications submitted by users and confirmed by our commercial partners. 'Approved Applications' means the number of applications that have been approved and confirmed by our commercial partners. In addition to MoneyHero Group's results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance. MoneyHero Group uses these measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. MoneyHero Group believes that non-IFRS information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as profit/(loss) for the year/period and profit/(loss) before income tax. Adjusted EBITDA is a non-IFRS financial measure defined as loss for the year/period plus depreciation and amortization, interest income, finance costs, income tax expenses/(credit), equity-settled share-based payment expenses, transaction expenses, changes in the fair value of financial instruments, non-recurring legal fees, and unrealized foreign exchange differences. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue. A reconciliation is provided for each non-IFRS measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. We currently, and will continue to, report financial results under IFRS, which differs in certain significant respects from U.S. GAAP. For the Three Months Ended March 31, 2025 2024 (US$ in thousands) Loss for the period (2,449 ) (13,100 ) Tax expenses - 52 Depreciation and amortization 302 981 Interest income (131 ) (595 ) Finance costs 14 8 EBITDA (2,265 ) (12,654 ) Non-cash items: Changes in fair value of financial instruments (473 ) 1,346 Equity settled share-based payment arising from employee share incentive scheme 441 623 Unrealized foreign exchange (gain)/loss, net (1,012 ) 4,036 Listing and other non-recurring strategic exercises related items: Transaction expenses - 35 Other non-recurring items: Non-recurring legal fees - 174 Adjusted EBITDA (3,309 ) (6,440 ) Revenue 14,314 22,175 Adjusted EBITDA (3,309 ) (6,440 ) Adjusted EBITDA Margin (23.1 )% (29.0 )% Forward Looking Statements This document includes 'forward-looking statements' within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group's growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including 'outlook,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'should,' 'could,' 'seeks,' 'predicts,' 'intends,' 'trends,' 'plans,' 'estimates,' 'anticipates' or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company's ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the 'Group') operates; the Group's ability to achieve profitability despite a history of losses; and the Group's ability to implement its growth strategies and manage its growth; the Group's ability to meet consumer expectations; the success of the Group's new product or service offerings; the Group's ability to attract traffic to its websites; the Group's internal controls; fluctuations in foreign currency exchange rates; the Group's ability to raise capital; media coverage of the Group; the Group's ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group's ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group's strategic investments and acquisitions, changes in the Group's relationship with its current customers, suppliers and service providers; disruptions to the Group's information technology systems and networks; the Group's ability to grow and protect its brand and the Group's reputation; the Group's ability to protect its intellectual property; changes in regulation and other contingencies; the Group's ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group's industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the Company's annual report for the year ended December 31, 2024 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company's expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company. For inquiries, please contact: Investor Relations:MoneyHero IR TeamIR@ Media Relations:MoneyHero PR TeamPress@ Unaudited Consolidated Statements of Loss and Other Comprehensive (Loss)/Income For the Three Months Ended March 31, (US$ in thousands, except for loss per share) 2025 2024 Revenue 14,314 22,175 Cost and expenses: Cost of revenue (6,363 ) (14,106 ) Advertising and marketing expenses (4,584 ) (6,132 ) Technology costs (816 ) (1,851 ) Employee benefit expenses (4,354 ) (5,878 ) General, administrative and other operating expenses (2,190 ) (2,387 ) Foreign exchange differences, net 954 (4,112 ) Operating loss (3,040 ) (12,291 ) Other income/(expenses): Other income 131 597 Finance costs (14 ) (8 ) Changes in fair value of financial instruments 473 (1,346 ) Loss before tax (2,449 ) (13,048 ) Income tax expense - (52 ) Loss for the period (2,449 ) (13,100 ) Other comprehensive (loss)/income Other comprehensive (loss)/income that may be classified to profit or loss in subsequent periods (net of tax): Exchange differences on translation of foreign operations (1,378 ) 3,713 Other comprehensive (loss)/income that will not be reclassified to profit or loss in subsequent periods (net of tax): Remeasurement gains on defined benefit plan - 1 Other comprehensive (loss)/income for the period, net of tax (1,378 ) 3,714 Total comprehensive loss for the period, net of tax (3,827 ) (9,386 ) Loss per share attributable to ordinary equity holders of the parent Basic and diluted (0.1 ) (0.3 ) Unaudited Consolidated Statements of Financial Position As of March 31, As of December 31, (US$ in thousands) 2025 2024 NON-CURRENT ASSETS Non-current financial asset 600 600 Intangible assets 1,215 1,018 Property and equipment 174 215 Right-of-use assets 1,034 744 Deposits 36 25 Total non-current assets 3,059 2,601 CURRENT ASSETS Accounts receivable 14,559 13,538 Contract assets 12,571 11,825 Prepayments and other assets 9,413 10,149 Tax recoverable 108 63 Pledged bank deposits 188 185 Cash and cash equivalents 36,634 42,522 Total current assets 73,472 78,282 CURRENT LIABILITIES Accounts and other payable 29,400 30,209 Warrant liabilities 920 1,393 Lease liabilities 625 442 Tax payable 33 32 Provisions 30 71 Total current liabilities 31,007 32,147 NET CURRENT ASSETS 42,465 46,135 TOTAL ASSETS LESS CURRENT LIABILITIES 45,524 48,736 NON-CURRENT LIABILITIES Lease liabilities 424 294 Provisions 42 - Deferred tax liabilities 30 30 Defined benefit liabilities 187 185 Total non-current liabilities 683 509 Net assets 44,841 48,227 EQUITY Issued capital 4 4 Reserves 44,837 48,223 Total equity 44,841 48,227 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 minutes ago
- Yahoo
Market Value to Surpass $575 Billion - Biotechnology Advances Enhance Soy Derivatives for Diverse Consumer Needs
The global soybean derivatives market, valued at USD 262.6 billion in 2025, is projected to reach USD 576 billion by 2034, growing at a CAGR of 9.1%. Key drivers include rising plant-based diets, protein demand, and sustainable sourcing. Major sectors span food, animal feed, and pharmaceuticals. Soybean Derivatives Market Dublin, June 13, 2025 (GLOBE NEWSWIRE) -- The "Soybean Derivatives Market Size, Share, Trends, Analysis, and Forecast 2025-2034 | Global Industry Growth, Competitive Landscape, Opportunities, and Challenges" has been added to offering. The global soybean derivatives market is projected to reach USD 576 billion by 2034, growing from USD 262.6 billion in 2025 at a CAGR of 9.1% This sector remains a significant component of the agriculture and food ingredients industry, involving products like soybean oil, meal, proteins, lecithin, and isoflavones. These derivatives serve vital roles in food and beverage, animal feed, pharmaceutical, personal care, and industrial applications, appreciated for their nutritional value, versatility, and cost-effectiveness globally. Soybean oil leads global edible oil consumption, while soybean meal is essential in high-protein animal feeds. The increasing preference for plant-based diets has spurred the demand for soy-based proteins and emulsifiers. As processed foods and functional beverages incorporate more soy derivatives, these products gain strategic importance amid sustainability and nutrition efforts. In 2024, the market saw moderate growth boosted by steady soybean productivity and evolving demand. Particularly in the Asia-Pacific and North American regions, soy protein concentrates and isolates are advancing plant-based food innovations. Soy lecithin's role in clean-label emulsifiers and nutraceuticals is rising, and soybean meal maintains its status as the primary protein in animal feeds, with improvements in digestibility and nutritional value. As for soybean oil, its increase in usage is noted in snack foods and sauces, albeit with some price fluctuations due to climatic conditions and biodiesel regulations. Non-GMO derivatives are gaining ground in premium markets, notably in Europe. This shift reflects consumers' growing interest in traceable, responsibly sourced ingredients. Companies are increasingly investing in supply chain transparency amid tightening scrutiny on deforestation and land use in soybean regions. Looking to 2025 onward, the soybean derivatives market foresees enhanced diversification and technological integration. Innovations in enzyme-assisted processing and fermentation are expected to enhance soy derivatives' bioavailability for food and pharmaceutical uses. The emergence of plant-based diets continues to drive soy ingredient demand in functional foods, sports nutrition, and meal replacements. Additionally, as traditional animal protein production grows in Latin America and Southeast Asia, the demand for soybean meal remains robust. Soy isoflavones are predicted to gain traction in preventive health products, appealing to aging populations interested in hormone-balancing supplements. Sustainability metrics will drive procurement trends, pushing producers toward regenerative practices and low-carbon processing. Notwithstanding, challenges such as trade dependencies and allergen concerns linger, urging innovations in soy alternatives and clearer supply chain transparency. Key Trends in the Soybean Derivatives Market: Rising use of soy lecithin as a clean-label emulsifier is boosting demand for non-GMO and allergen-friendly variants. The expansion of soy protein applications in sports nutrition and dairy alternatives reshapes functional food products. Increasing emphasis on traceability and sustainable sourcing prompts investment in digital supply chain tools. The popularity of soy isoflavones in nutraceuticals for menopausal and cardiovascular health is growing. Advancements in biotechnology are creating enzyme-treated and fermented soy derivatives with improved profiles. Key Drivers of the Market: Global protein demand in food and feed strengthens soybean meal and soy protein consumption. Shift towards plant-based diets increases use in meat alternatives, dairy-free products, and wellness foods. Soy derivatives' yield efficiency favours them as a raw material in emerging markets. Regulatory support for sustainable ingredients fosters wider adoption in health-focused products. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $262.6 Billion Forecasted Market Value (USD) by 2034 $576 Billion Compound Annual Growth Rate 9.1% Regions Covered Global Companies Featured Bunge Ltd Archer Daniels Midland and Company Louis Dreyfus Commodities B.V. Cargill Incorporated Wilmar International Limited Noble Group Ltd. AG Processing Inc. Cenex Harvest States Inc. DuPont Nutrition and Health Ruchi Soya Industries Limited Gavyadhar Organic Private Limited Terra Firma Organic Private Limited Ingredion Incorporated Calbee Inc. Solbar Industries Ltd. SunOpta Inc. Scoular Company Ceres Global Ag Corp American Natural Processors Inc. Iowa Soybean Processors (ISP) The Scoular Company Batory Foods Fuerst Day Lawson Holdings Limited Fuji Vegetable Oil Inc. Pilgrim's Pride Corporation Sojaprotein Arizona Grain Inc. Jiangsu Hongda New Material Co. Ltd. Cosucra Vippy Industries Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Soybean Derivatives Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
