Currenc Group Inc. announced its financial results for the first quarter ended March 31, 2025. The company reported a Total Processing Value (TPV) through Tranglo of US$1.30 billion, marking a 3.7% decrease year-over-year. The total number of transactions decreased to 2.77 million from 2.94 million for the same period in 2024. This decline in TPV was primarily attributed to reduced business volume from the Hong Kong market. The net income for the first quarter showed a loss of $1,070 million, compared to a loss of $2,632 million in the previous period. EBITDA was reported at $1,233 million, improving from a negative $234 million in the previous period. The company highlighted a $2.2 million share-based incentive linked to the de-SPAC merger and expenses related to new AI initiatives as factors impacting the financials. Currenc Group Inc. emphasized its strengthened bottom line will enable future investment in AI-driven growth while maintaining financial discipline.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.