Latest news with #TreasureGlobal
Yahoo
5 days ago
- Business
- Yahoo
Treasure Global launches $100M digital asset treasury strategy
Treasure Global (TGL) announced the launch of a $100M digital asset treasury initiative as a part of a broader strategy to reinforce its digital infrastructure and support the forthcoming launch of its AI-powered consumer intelligence platform in the third quarter of 2025. The treasury initiative is backed by two capital sources: $50M from an existing equity financing agreement. $50M secured through a new institutional commitment from a strategic funding partner. The strategy enables Treasure Global to pursue a phased acquisition of select blockchain-native assets, including Bitcoin, Ethereum, and regulated stablecoins, subject to capital availability and market conditions. While the funding facility has not yet been fully drawn, the Company may file additional registration statements in due course to support continued drawdowns as needed. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on TGL: Disclaimer & DisclosureReport an Issue 3 Penny Stocks to Watch Now, 4/17/25 Treasure Global enters partnership with Mezzofy Treasure Global Inc trading halted, news pending 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
5 days ago
- Business
- Yahoo
A Tiny Fintech Firm Is Launching $100M Crypto Treasury Strategy, Including BTC, ETH
Treasure Global (TGL), a publicly traded e-commerce and fintech firm, said it will invest up to $100 million in cryptocurrencies as part of a new capital strategy. Half the funding comes from an existing equity facility, while the other $50 million stems from an institutional partnership, according to a press release. The company isn't just focusing on just one digital asset, like many other firms are, but said it will buy cryptocurrencies, including bitcoin BTC, ether ETH, and "regulated" stablecoins. The funds will help back the company's artificial intelligence-powered consumer analytics platform, which is set to debut later this year, the firm said in the press release. The digital asset treasury move aims to boost balance sheet efficiency and lay the groundwork for future features such as tokenized loyalty programs and crypto-based payments, the firm added. Various firms have, over the last few months, been moving to adopt cryptocurrencies as treasury assets, building on the momentum set by Strategy, Metaplanet, and others. These firms include K Wave Media, the first Korean media alliance listed on Nasdaq, which announced plans to raise up to $500 million to fund BTC purchases, as well as Classover Holdings, an education firm that's looking to make a similar bet on SOL. Treasure Global currently has a market cap of $4.34 million as stock rose more than 11% on Wednesday.
Globe and Mail
15-05-2025
- Business
- Globe and Mail
Treasure Global Inc. Reports Third Quarter Year 2025 Financial Results
KUALA LUMPUR, Malaysia, May 15, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (' Treasure Global ' or the ' Company '), a leading e-commerce platform operator, today announced its financial results for the third quarter ended March 31, 2025. Key Financial Highlights Revenue for the third quarter was $0.67 million, a 58% decrease from $1.60 million in the third quarter of fiscal 2024, but increased by 121% quarter-over-quarter. Gross profit reached $0.49 million, a 41% year-over-year increase, with gross profit margin rising to 73% from 14% in the prior-year quarter. Operating loss narrowed significantly to $43 thousand, compared to $1.37 million in the third quarter of fiscal 2024. Net income was $1.26 million, a significant turnaround from a net loss of $1.71 million in the prior-year quarter. Earnings per share (EPS) improved to $1.09, compared to a loss per share of $116.03 in the same quarter of fiscal year 2024. For the nine months ended March 31, 2025, the Company reversed a $5.0 million net loss from the prior year into a modest net profit, despite lower revenue, highlighting the effectiveness of the shift to a leaner, high-margin model. Note: All per-share figures have been adjusted to reflect the 1-for-50 reverse stock split effective April 7, 2025. Management Commentary 'Our third-quarter results reflect a significant improvement in profitability driven by our strategic shift toward higher-margin operations and disciplined cost management. While revenue remains impacted by our transition away from low-margin offerings, we achieved substantially higher gross margins and a return to net profitability. Importantly, net income this quarter includes a $1.78 million non-cash gain from the revaluation of derivative liabilities, which contributed meaningfully to reported EPS. We will continue to streamline operations and focus on high-margin opportunities to sustain and build on this turnaround,' Carlson Thow, Chief Executive Officer of Treasure Global Inc. CFO Commentary 'Our financial turnaround is clear: we reversed a $1.7 million net loss in the prior-year quarter into a $1.26 million net profit, supported by disciplined cost controls and a leaner operating structure. For the nine-month period, we also moved from a $5.0 million loss to modest net profit. With our AI-powered fulfillment infrastructure and expanded digital commerce capabilities, we are positioned for greater scalability and recurring revenue ahead,' said Sook Lee, Chief Financial Officer of Treasure Global Inc. Operational Updates During the fiscal year, Treasure Global expanded its offerings by introducing a new revenue stream focused on customized software development for enterprise clients. In January 2025, the Company launched a new enterprise software development stream through a strategic partnership with Reveillon Group Limited. The collaboration involves designing and deploying a scalable digital system with integrated modules for workflow automation, data analytics, and user engagement, with completion targeted within 12 months. This initiative marks a key step in diversifying the Company's offerings and expanding its enterprise client base. Business Outlook As Treasure Global advances its strategic transformation, the Company remains focused on building a resilient and scalable business model centered around high-margin verticals, digital innovation, and operational excellence. The return to net profitability in the third quarter reflects the effectiveness of the Company's cost discipline and strategic repositioning. Management is confident this momentum sets the foundation for long-term, sustainable growth. The Company is poised to benefit from recent investments in its AI-powered e-commerce infrastructure, enterprise software development services, and enhanced fulfillment capabilities. Additionally, the newly announced partnership with Mezzofy (Hong Kong) Limited to launch a digital coupon management platform in Malaysia will enable Treasure Global to tap into a broader digital commerce ecosystem while driving value creation through recurring revenue opportunities. In February 2025, Treasure Global's subsidiary, VWXYZ Venture Sdn Bhd, entered into a Share Purchase Agreement to acquire a 51% equity stake in Tien Ming Distribution Sdn Bhd, a Malaysian consumer product distribution and logistics company. This acquisition is expected to strengthen Treasure Global's supply chain capabilities and support its strategy to integrate physical distribution with its broader digital ecosystem once the transaction is completed. Looking ahead, the Company will continue to deepen strategic partnerships, expand its footprint across Southeast Asia, and deliver shareholder value by aligning innovation with financial discipline. About Treasure Global: Treasure Global is a leading Malaysian solutions provider, specializing in the development of innovative technology platforms that drive digital transformation. Its flagship product, the ZCITY Super App, integrates e-payment solutions with customer rewards, fostering a seamless digital ecosystem. As of March 2025, ZCITY Super App has attracted over 2.9 million registered users, positioning Treasure Global as a key player in Malaysia's digital economy. Visit for more information. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company's current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'may,' 'plans,' 'projects,' 'seeks,' 'should,' 'will,' or similar expressions. Factors that could cause actual results to differ materially include, without limitation, the Company's ability to expand its e-commerce platform, customer acceptance of new products and services, changes in economic conditions affecting its operations, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. These risks, along with other factors, are discussed in more detail in the Company's filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. CONTACT
Yahoo
16-02-2025
- Business
- Yahoo
Treasure Global Second Quarter 2025 Earnings: US$0.011 loss per share (vs US$2.22 loss in 2Q 2024)
Revenue: US$301.9k (down 96% from 2Q 2024). Net loss: US$232.3k (loss narrowed by 81% from 2Q 2024). US$0.011 loss per share (improved from US$2.22 loss in 2Q 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Treasure Global shares are down 20% from a week ago. Before we wrap up, we've discovered 5 warning signs for Treasure Global (4 are significant!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
