Latest news with #Diginex
Yahoo
2 days ago
- Business
- Yahoo
Diginex Announces extension of Resulticks MOU
LONDON, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Diginex Limited ('Diginex' or the 'Company') (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced that, by mutual consent, the Company and Resulticks Global Companies Pte. Limited have agreed to extend the due diligence period, provided for in the Memorandum of Understanding, dated 5 June 2025, executed by the parties, from 31 July 2025 until 31 August 2025. With most material due diligence completed the extension will allow the parties sufficient time to complete the definitive agreement. About Diginex Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 19 global frameworks, including GRI (the 'Global Reporting Initiative'), SASB (the 'Sustainability Accounting Standards Board'), and TCFD (the 'Task Force on Climate-related Financial Disclosures'). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company's website: About ResulticksResulticks is a leading provider of AI-powered, omnichannel customer engagement and data management solutions. Its platform enables businesses to deliver personalized experiences through real-time data analytics and automation, serving clients across industries in North America, Asia, and the Middle East. Resulticks is headquartered in New York, with additional offices in India, Singapore, and Dubai. For more information, please visit the Resulticks website: Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are 'forward-looking statements'. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include statements regarding the timing and completion (including the ability to meet the required closing conditions) of the contemplated transaction and the potential value to shareholders. Each of these forward-looking statements involves risks and uncertainties that could cause the Company's future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors may cause differences between current expectations and actual results. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect new information, subsequent occurring events or circumstances, changes in its expectations or otherwise, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable as of the date of this press release, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. Investor Contact DiginexInvestor RelationsEmail: ir@ IR Contact - EuropeAnna HöffkenPhone: +49.40.609186.0Email: diginex@ IR Contact - USJackson LinLambert by LLYCPhone: +1 (646) 717-4593Email: IR Contact - AsiaShelly ChengStrategic Financial Relations +852 2864 4857Email: sprg_diginex@
Yahoo
2 days ago
- Business
- Yahoo
Diginex Announces MOU for US$305m Acquisition of Findings, a leading cybersecurity and compliance automation company
LONDON, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Diginex Limited ('Diginex' or the 'Company') (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced the signing of a non-binding Memorandum of Understanding (MOU) to acquire 100% of the equity interests of IDRRA Cyber Security Ltd., which operates under the trade name Findings. Findings is backed by Magenta Venture Partners and provides innovative category leading supply chain risk monitoring and vendor risk automation solutions in the cybersecurity and sustainability regulatory domains. Diginex believes this strategic acquisition aligns with Diginex's mission to enhance its technological capabilities and expand its footprint in the cybersecurity sector, and build a global leader in compliance data verification and regulatory compliance automation. Utilizing AI and data analysis, Diginex leads change and increases transparency in corporate regulatory reporting and sustainable finance. The proposed transaction will integrate Findings' expertise in AI vendor risk management (VRM), real-time cloud audits and monitoring, its innovative API-based verification automation and secure data sharing, further strengthening Diginex's award-winning platforms like diginexESG, diginexLUMEN, and diginexAPPRISE. Under the terms outlined in the MOU, Diginex will acquire Findings for a total consideration of up to US$305 million, comprising US$270 million in Diginex Limited shares and up to US$35 million in cash, US$20 million of which is subject to an earn out provided certain financial targets are achieved. The share consideration will be valued based on the 60-business day trailing VWAP of Diginex's shares (DGNX) as of the MOU signing date, with shares subject to customary lock-up periods ranging from 9 to 18 months for Findings' shareholders. Up to US$15 million cash consideration will be paid at closing and the balance, which is subject to certain business performance metrics, will be paid in fiscal years 2026 and 2027. The proposed transaction is subject to the satisfactory completion of due diligence, regulatory approvals, and the negotiation and execution of a definitive transaction documents. Diginex will also provide further growth funding to Findings post-closing, based on agreed performance metrics, to support its continued innovation and rapid global expansion. 'We are thrilled about the potential acquisition of Findings, which will bolster our supply chain and risk management offerings,' said Miles Pelham, Chairman of Diginex. 'Findings' cutting-edge solutions in vendor risk management and cloud security, led by founders Kobi Freedman and Jonatan Perry, perfectly complement our sustainability-focused technology stack and will accelerate value creation for our clients worldwide.' 'We are thrilled to join forces with Diginex, a leader in sustainable RegTech, to jointly enhance our automated solutions for supply chain risk and compliance management,' said Kobi Freedman, CEO of Findings. 'This transaction will enable us to provide customers in various regulated sectors with cutting edge technology to support the ever growing regulatory and risk oversight requirements of their supply chain partners, leverage Diginex's global platform and advanced technologies to accelerate growth, extend the mutual offerings with our supply chain cybersecurity automation solutions and deliver greater value to organizations navigating complex regulatory landscapes.' Findings specializes in making risk-related strategic decisions with confidence through products like AI powered VRM for automated vendor risk management, CloudVRM® for real-time cloud and SaaS vendors cybersecurity audits, continuous monitoring, and Trust Exchange for verified and highly secured data sharing across regulated sectors. The proposed transaction will enable Findings to leverage Diginex's global reach and resources to scale its impact in securing supply chains against evolving threats in the cloud and AI era. The MOU includes a 45 day exclusivity period during which Findings will not engage with other potential acquirers, underscoring the commitment of both parties to finalize the transaction. About Diginex Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 19 global frameworks, including GRI (the 'Global Reporting Initiative'), SASB (the 'Sustainability Accounting Standards Board'), and TCFD (the 'Task Force on Climate-related Financial Disclosures'). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company's website: About FindingsFindings, legally known as IDRRA Cyber Security Ltd, provides supply chain risk monitoring platform as a service. It offers solutions for highly secured supply chain cybersecurity and resiliency, automated cloud audits, continuous monitoring, remediation tracking and vendor breach disclosure for enterprises in different sizes as well as secure data sharing through its AI powered SaaS platform and category leading products, enabling organizations to make confident, risk-related strategic decisions and maintain compliance in the rapidly growing supply chain global regulatory ecosystem, such as CMMC, DORA, CII, NIS2 and others that aim to secure the emerging threats and attack vectors. For more information, please visit the Company's website: Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are 'forward-looking statements'. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include statements regarding the timing and completion (including the ability to meet the required closing conditions) of the contemplated transaction and the potential value to shareholders. Each of these forward-looking statements involves risks and uncertainties that could cause the Company's future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors may cause differences between current expectations and actual results. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect new information, subsequent occurring events or circumstances, changes in its expectations or otherwise, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable as of the date of this press release, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. Investor Contact DiginexInvestor RelationsEmail: ir@ IR Contact - EuropeAnna HöffkenPhone: +49.40.609186.0Email: diginex@ IR Contact - USJackson LinLambert by LLYCPhone: +1 (646) 717-4593Email: IR Contact - AsiaShelly ChengStrategic Financial Relations +852 2864 4857Email: sprg_diginex@ 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
Associated Press
12-07-2025
- Business
- Associated Press
Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025
LONDON, July 11, 2025 (GLOBE NEWSWIRE) -- Diginex Limited ('Diginex' or the 'Company') (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year ended March 31, 2025 Full-Year Highlights: Post Year End Strategic Highlights Management Commentary 'The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,' said Mark Blick, Chief Executive Officer of Diginex Limited. 'We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.' 'We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.' 'We're also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,' said Mr. Blick. 'This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council ('GCC') region, and support Abu Dhabi's strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.' The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.' 'Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,' continued Mr. Blick. 'Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter's sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.' 'Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,' Mr. Blick stated. Revenues For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN. Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics. The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company's strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects. 'We are focused on building long-term, sustainable growth across all of our service lines,' said Mr. Blick. 'This year's results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.' General and Administrative Expenses For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company's IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees. Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors. Balance Sheet Highlights At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO. The Company's cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024. The balance sheet at March 31, 2025, held no interest-bearing debt instruments. 'The strengthening of our balance sheet following our IPO marks an important milestone for the company,' concluded Mr. Blick. 'This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.' About Diginex Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 19 global frameworks, including GRI (the 'Global Reporting Initiative'), SASB (the 'Sustainability Accounting Standards Board'), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company's website: Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. Diginex Investor Relations Email: [email protected] IR Contact - Europe Anna Höffken Phone: +49.40.609186.0 Email: [email protected] IR Contact - US Jackson Lin Lambert by LLYC Phone: +1 (646) 717-4593 Email: [email protected] IR Contact - Asia Shelly Cheng Strategic Financial Relations Ltd. Phone: +852 2864 4857 Email: [email protected]
Yahoo
12-07-2025
- Business
- Yahoo
Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025
LONDON, July 11, 2025 (GLOBE NEWSWIRE) -- Diginex Limited ('Diginex' or the 'Company') (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year ended March 31, 2025 Full-Year Highlights: Revenues for the fiscal year ended March 31, 2025, increased 57% to $2.0 million driven primarily by an increase in software subscriptions and license fees. Net loss for the fiscal year ended March 31, 2025, of $5.2 million, an increase of $0.3 million compared to the net loss of $4.9 million recorded in the prior year. Transformed balance sheet with net assets of $4.6 million at March 31, 2025, compared to net liabilities of $23.0 million at March 31, 2024. Completed Initial Public Offering ('IPO') in January 2025. Post Year End Strategic Highlights Signed a memorandum of understanding on June 5, 2025 to acquire Resulticks Group Companies Pte Limited ('Resulticks'), subject to definitive agreements, in a transaction valued at approximately US$2 billion, to be primarily settled in Diginex ordinary shares. This combination leverages Resulticks' real-time audience engagement, agentic AI framework, and global reach to drive sustainability, compliance, customer relationships, and collective growth. Executed a memorandum of understanding on May 23, 2025, to acquire Matter DK ApS ('Matter'), subject to definitive agreements, for approximately US$13 million in an all-share deal. Management believes the acquisition of Matter will strengthen the Company's sustainability data coverage, ESG analytics offerings, as well as its automated data collection capabilities. Management Commentary 'The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,' said Mark Blick, Chief Executive Officer of Diginex Limited. 'We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.' 'We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.' 'We're also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,' said Mr. Blick. 'This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council ('GCC') region, and support Abu Dhabi's strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.' The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.' 'Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,' continued Mr. Blick. 'Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter's sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.' 'Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,' Mr. Blick stated. Revenues For the year endedMarch 31, in USD millions 2025 2024 Subscription and license fees 1.3 0.4 Advisory fees 0.3 0.2 Customization fees 0.4 0.7 Total 2.0 1.3 For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN. Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics. The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company's strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects. 'We are focused on building long-term, sustainable growth across all of our service lines,' said Mr. Blick. 'This year's results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.' General and Administrative Expenses For the year endedMarch 31, in USD millions 2025 2024 Employee benefits 4.8 5.0 IT development and maintenance support 1.5 2.1 Audit fees 0.4 0.6 Professional fees 2.1 0.5 Travel and entertainment 0.4 0.5 Share based payments 0.4 - Amortization and depreciation 0.1 0.1 Other 0.6 0.5 10.3 9.3 For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company's IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees. Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors. Balance Sheet Highlights At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO. The Company's cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024. The balance sheet at March 31, 2025, held no interest-bearing debt instruments. 'The strengthening of our balance sheet following our IPO marks an important milestone for the company,' concluded Mr. Blick. 'This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.' About DiginexDiginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 19 global frameworks, including GRI (the 'Global Reporting Initiative'), SASB (the 'Sustainability Accounting Standards Board'), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company's website: Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. DiginexInvestor RelationsEmail: ir@ IR Contact - EuropeAnna HöffkenPhone: +49.40.609186.0Email: diginex@ IR Contact - USJackson LinLambert by LLYCPhone: +1 (646) 717-4593Email: IR Contact - AsiaShelly ChengStrategic Financial Relations +852 2864 4857Email: sprg_diginex@ DIGINEX LIMITEDCONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE LOSSFor the years ended 31 March 2024 and 2025 Year ended Year ended 31 March 2025 31 March 2024 USD USD Revenue 2,040,602 1,299,538 General and administrative expenses (10,344,514) (9,363,345) OPERATING LOSS (8,303,912) (8,063,807) Other income, gains or (losses) 3,501,200 3,753,988 Finance cost, net (410,167) (552,651) LOSS BEFORE TAX (5,212,879) (4,862,470) Income tax expense - (8,917) LOSS FOR THE YEAR (5,212,879) (4,871,387) OTHER COMPREHENSIVE INCOME (LOSS) Items that may be reclassified subsequently to profit or loss: Exchange gain (loss) on translation of foreign operations 30 (7,684) TOTAL COMPREHENSIVE LOSS FOR THE YEAR (5,212,849) (4,879,071) LOSS PER SHARE ATTRIBUTABLE TO THE ORDINARY EQUITY HOLDERS OF THE COMPANY Basic loss per share (0.33) (0.51) Diluted loss per share (0.53) (0.75) DIGINEX LIMITEDCONSOLIDATED STATEMENTS OF FINANCIAL POSITIONAt 31 March 2024 and 2025 At 31 March 2025 At 31 March 2024 USD USD ASSETS Right-of-use assets 225,672 357,202 Rental deposit 45,463 35,431 Plant and equipment - - Total non-current assets 271,135 392,633 Trade receivables, net 1,394,545 182,334 Contract assets 750 69,354 Other receivables, deposit and prepayment 1,066,191 253,476 Restricted bank balance 399,400 - Cash and cash equivalents 3,111,141 76,620 Total current assets 5,972,027 581,784 LIABILITIES Trade payables (200,660) (788,798) Other payables and accruals (706,874) (596,870) Tax payables - (8,917) Deferred revenues (505,424) (322,826) Due to a related company (34,579) (34,579) Due to immediate holding company - (5,345,929) Loans from immediate holding company - (1,930,993) Loan from a related company - (1,140,931) Lease liabilities, current (126,808) (122,076) Convertible loan notes, current - (3,975,534) Total current liabilities (1,574,345) (14,267,453) Lease liabilities, net of current portion (110,867) (243,280) Preferred shares - (9,359,000) Convertible loan notes, net of current portion - (114,808) Total non-current liabilities (110,867) (9,717,088) Net current assets (liabilities) 4,397,682 (13,685,669) Net assets (liabilities) 4,557,950 (23,010,124) EQUITY (DEFICIT) Share Capital 1,150 477 Share Premium 25,689,436 - Capital reserve 5,126,150 3,752,192 Warrant reserve 79,263,200 - Exchange reserve (1,651) (1,681) Share option reserve 1,076,345 2,409,689 Accumulated losses (106,596,680) (29,170,801) Total equity (deficit) 4,557,950 (23,010,124) DIGINEX LIMITEDCONSOLIDATED STATEMENTS OF CASH FLOWSFor the years ended 31 March 2024 and 2025 Year ended Year ended 31 March 2025 31 March 2024 USD USD CASH FLOWS FROM OPERATING ACTIVITIES Loss before taxation (5,212,879) (4,862,470) Adjustments for: Amortization - right-of-use assets 125,575 99,580 Depreciation - property, plant and equipment - 3,696 Impairment losses (reversed) recognized in respect of trade receivables (2,844) (400) Bad debt written off 12,064 21,522 Write-off of due from related company - 81,347 Finance costs 410,167 552,651 Share option awards 859,685 1,352,835 Share-based payments expenses on anti-dilution issuance of preferred shares 369,648 - IPO expenses charged to P&L 1,659,081 - Net fair value loss of convertible loan notes 639,000 374,000 Net fair value loss of preferred shares (4,117,648) (4,101,000) Operating cash flows before movements in working capital (5,258,151) (6,478,239) Movements in working capital Trade receivables (1,221,431) 86,332 Other receivables, deposit and prepayment (955,348) (210,936) Contract assets 68,604 (42,365) Due from a related company - (39,815 Trade and other payables (478,610) 841,155 Deferred revenue 182,598 (12,840) Amount due to immediate holding company - - Cash generated from operations (7,662,338) (5,856,708) Income tax paid (8,917) - Net cash used in operating activities (7,671,255) (5,856,708) CASH FLOWS FROM INVESTING ACTIVITIES Payment to rental deposit (10,032) - Cash used in investing activities (10,032) - CASH FLOWS FROM FINANCING ACTIVITIES Issue of shares under global offerings 10,608,750 - Payment of transaction costs of issue of new shares (2,948,791) - Loans from immediate holding company 3,410,461 564,483 Advances from immediate holding company 713,719 5,345,423 Proceeds from shares issued 50 - Proceeds from issuance of convertible loan notes - 100,000 Loan from a related company - - Repayment of due to immediate holding company - - Repayment of lease liabilities (138,962) (109,754) Placement of restricted bank balance (399,400) - Repayment of loan from immediate holding company (530,019) (1,150,000) Net cash generated from financing activities 10,715,808 4,750,152 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,034,521 (1,106,556) Cash and cash equivalents at the beginning of the year 76,620 1,183,176 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 3,111,141 76,620 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
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08-07-2025
- Business
- Yahoo
Diginex Announces Plans for Eight-for-One Forward Stock Split
LONDON, July 07, 2025 (GLOBE NEWSWIRE) -- Diginex Limited ('Diginex' or the 'Company') (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced that on July 1, 2025 the Diginex Board of Directors (the 'Board') adopted resolutions recommending that its shareholders approve an eight-for-one (8:1) forward stock split. The Board has scheduled an extraordinary general meeting of its shareholders to be held on July 29, 2025 (the 'EGM') for shareholders of record as of July 3, 2025 (the 'Record Date') to vote on the forward stock split and the filing of a second amended and restated memorandum and articles of association (the 'Proposals'). Should the Proposals be approved by shareholders the forward stock split will be effective from August 1, 2025. Should the Proposals be approved at the EGM, (i) each ordinary share of US$0.00005 par value shall be subdivided into eight (8) ordinary shares of US$0.00000625 par value each; (ii) each preferred share of US$0.00005 par value shall be subdivided into eight (8) preferred shares of US$0.00000625 par value each; and (iii) the authorized share capital of the Company shall become US$50,000 divided into 7,680,000,000 ordinary shares of par value US$0.00000625 each and 320,000,000 preferred shares of par value US$0.00000625 each. Any fractional shares, as a result of the forward stock split, will be rounded up. There will be no cash in lieu shares payments. The forward stock split is intended to make Diginex's shares more accessible to a wider range of investors while maintaining the company's market capitalization. 'We are pleased to propose this forward stock split, which reflects our commitment to enhancing shareholder accessibility and liquidity,' said Miles Pelham, Chairman and Founder of Diginex. 'This move aligns with our strategic goals to broaden our investor base and support the long-term growth of our business.' The forward stock split will not affect the total value of an investor's holdings of Diginex shares at the time of the forward split. The Notice of the Extraordinary General Meeting, Proxy Statement and Proxy Card has been mailed on or about July 7, 2025, to all shareholders of the Company as of the Record Date. Shareholders can review copies the Notice of the Extraordinary General Meeting, Proxy Statement and Proxy Card at in the Company's Form 6-K and at About Diginex Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 17 global frameworks, including GRI (the 'Global Reporting Initiative'), SASB (the 'Sustainability Accounting Standards Board'), and TCFD (the 'Task Force on Climate-related Financial Disclosures'). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company's website: Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. DiginexInvestor RelationsEmail: ir@ IR Contact - EuropeAnna HöffkenPhone: +49.40.609186.0Email: diginex@ IR Contact - USJackson LinLambert by LLYCPhone: +1 (646) 717-4593Email: IR Contact - AsiaShelly ChengStrategic Financial Relations +852 2864 4857Email: sprg_diginex@
