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Diginex Announces 7 to 1 Stock-split paid as Bonus Shares
Globenewswire· 2025-08-18 20:05
Core Viewpoint - Diginex Limited has announced a seven-for-one forward stock split in the form of a share bonus to enhance liquidity and accessibility for investors [1][2]. Group 1: Stock Split Details - The board of directors approved a seven-for-one forward stock split, where shareholders will receive 7 bonus ordinary shares for every one ordinary share held as of September 5, 2025 [1]. - The distribution of the bonus shares is expected to occur on September 8, 2025 [1]. - The company's issued and outstanding shares will increase proportionally, while the share par value will remain unchanged [2]. Group 2: Shareholder Impact - No action is required from shareholders; those holding shares through brokerage accounts will see automatic adjustments [3]. - Registered shareholders will receive their additional shares through the company's transfer agent [3]. Group 3: Company Overview - Diginex Limited is a sustainable RegTech business based in London, focusing on ESG, climate, and supply chain data collection and reporting [4]. - The company employs blockchain, AI, machine learning, and data analysis technologies to enhance transparency in corporate regulatory reporting and sustainable finance [4]. - Diginex's diginexESG platform supports 19 global frameworks, providing comprehensive support for clients in sustainability data management [5].
Diginex Announces extension of Resulticks MOU
Globenewswire· 2025-08-14 20:05
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 pa ...
Two Senior Executives from S&P and the Global Reporting Initiative (GRI) join the Diginex team
Globenewswire· 2025-07-31 13:16
LONDON, July 31, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, is delighted to announce the appointments of Andrew Harling as Chief Commercial Officer and Matthew Rusk as Vice President of Strategic Relationships, Americas, effective immediately. These key additions to the senior team reinforce Diginex’s commitment to accelerating growth and advancing innovation in sustainability worldwide. Andrew Harling joins D ...
Diginex Announces Execution of Warrants Agreement, Bonus Share Issuance and Cancelation of EGM
Globenewswire· 2025-07-26 00:00
Core Points - Diginex Limited announced that Rhino Ventures Limited exercised warrants to purchase 2,250,000 ordinary shares at an exercise price of $5.13 per share, totaling $11,542,500 [1] - The board of directors decided to terminate plans for an 8-for-1 forward stock split in favor of a bonus share issuance expected in Q3 2025, leading to the cancellation of an extraordinary general meeting scheduled for July 29, 2025 [2] Company Overview - Diginex Limited, headquartered in London, is a leading provider of Sustainability RegTech solutions, focusing on streamlining ESG, climate, and supply chain data collection and reporting through advanced technologies like blockchain, AI, and machine learning [3] - The company's diginexESG platform supports 19 global frameworks, including GRI, SASB, and TCFD, offering comprehensive services from materiality assessments to ESG Ratings Support [4]
Diginex Ltd(DGNX) - 2025 Q4 - Annual Report
2025-07-12 02:08
PART I [Item 3. Key Information](index=7&type=section&id=ITEM%203.%20KEY%20INFORMATION) This section summarizes key financial data, highlighting revenue growth, operating losses, and significant risks from ESG market, Hong Kong operations, and U.S. public company status [Selected Historical Financial Information](index=8&type=section&id=3.A.%20SELECTED%20HISTORICAL%20FINANCIAL%20INFORMATION) This section presents selected historical financial data, showing revenue fluctuations, persistent net losses, and a significant improvement in total equity driven by capital raising activities Selected Historical Financial Data (USD) | Indicator | March 31, 2025 | March 31, 2024 | March 31, 2023 | | :--- | :--- | :--- | :--- | | **Operations Data** | | | | | Revenue | 2,040,602 | 1,299,538 | 1,625,763 | | Loss for the year | (5,212,879) | (4,871,387) | (9,257,598) | | **Financial Position Data** | As at March 31, 2025 | As at March 31, 2024 | | | Cash and cash equivalents | 3,111,141 | 76,620 | | | Total Assets | 6,243,162 | 974,417 | | | Total equity (deficit) | 4,557,950 | (23,010,124) | | [Risk Factors](index=8&type=section&id=3.D.%20Risk%20Factors) The company faces substantial risks including limited operating history, ESG market dependence, cybersecurity threats, Hong Kong political and legal risks, and potential adverse tax consequences for U.S. shareholders - The company has a limited operating history and has incurred operating losses of **$8.3 million**, **$8.1 million**, and **$7.3 million** for the fiscal years ended March 31, 2025, 2024, and 2023, respectively. **Profitability is not assured**[35](index=35&type=chunk) - Business success is **highly dependent** on the **continued growth and adoption** of ESG reporting requirements by businesses and governments. Revenue is largely **subscription-based**, relying on **new client acquisition and renewals**[39](index=39&type=chunk)[40](index=40&type=chunk) - Operations in Hong Kong expose the company to **risks of PRC government intervention**, which could impact business, the ability to accept foreign investment, or remain listed on a U.S. exchange. The applicability of PRC laws like the Data Security Law and the National Security Law in Hong Kong creates **significant uncertainty**[77](index=77&type=chunk)[81](index=81&type=chunk)[99](index=99&type=chunk) - As a Cayman Islands company, shareholders may face difficulties in protecting their interests due to a **less developed body of securities and corporate law** compared to the U.S. The company is also permitted to follow home country governance practices, which may offer **less protection than Nasdaq standards**[112](index=112&type=chunk)[115](index=115&type=chunk) - The company may be classified as a **Passive Foreign Investment Company (PFIC)** for U.S. federal income tax purposes, which could result in **adverse tax consequences** for U.S. shareholders[127](index=127&type=chunk) - A major shareholder beneficially owns approximately **40.2%** of outstanding shares, giving them **substantial influence** over corporate decisions, which may not align with the interests of other shareholders[136](index=136&type=chunk) [Item 4. Information on the Company](index=41&type=section&id=ITEM%204.%20INFORMATION%20ON%20THE%20COMPANY) This section details the company's history, restructuring, and IPO, provides a business overview of its ESG SaaS products and advisory services, and outlines strategies for channel partnerships and global expansion, including a potential UAE dual listing [History and Development of the Company](index=41&type=section&id=4.A.%20History%20and%20Development%20of%20the%20Company) This section outlines the company's history, including its Cayman Islands incorporation, July 2024 restructuring, January 2025 Nasdaq IPO, and relocation of its global headquarters to London, UK - The company completed a restructuring on July 15, 2024, making Diginex Limited the parent holding company of the operating subsidiary DSL[190](index=190&type=chunk)[195](index=195&type=chunk) - Completed its Initial Public Offering (IPO) on January 23, 2025, issuing **2,250,000 Ordinary Shares** at $4.10 per share, with an over-allotment option for an additional 337,500 shares exercised on January 27, 2025[203](index=203&type=chunk) - Relocated its global headquarters and principal executive office from Hong Kong to London, UK, effective April 1, 2025[184](index=184&type=chunk) [Business Overview](index=45&type=section&id=4.B.%20Business%20Overview) Diginex operates in the growing ESG software and services market with products like diginexESG and diginexLUMEN, shifting to recurring subscriptions, and pursuing growth through channel partnerships and expansion into markets like the UAE - The global market for ESG reporting software is projected to grow from **$1.3 billion** in 2023 to **$5.6 billion** in 2029 (**26% CAGR**), with the supply chain sustainability software market expected to grow from **$1.7 billion** in 2023 to **$6.8 billion** by 2028 (**32% CAGR**)[215](index=215&type=chunk) Revenue by Business Line (in millions USD) | Business Line | 2025 | 2024 | 2023 | | :--- | :--- | :--- | :--- | | DiginexESG/LUMEN (Software) | 1.3 | 0.4 | 0.4 | | DiginexADVISORY | 0.3 | 0.2 | 0.2 | | DiginexPARTNERS (Customization) | 0.4 | 0.7 | 1.0 | | **Total** | **2.0** | **1.3** | **1.6** | - The company is strategically shifting focus from diginexPARTNERS (customization) to recurring revenue from software subscriptions (diginexESG, diginexLUMEN), which saw a **significant revenue increase in FY2025**[235](index=235&type=chunk) - Key sales channels include **direct sales**, **referrals from partners like HSBC**, and **strategic relationships** with accounting and consulting firms such as Russell Bedford and Baker Tilly Singapore[246](index=246&type=chunk)[251](index=251&type=chunk)[253](index=253&type=chunk) - The company is pursuing a **strategic expansion** into the UAE and broader GCC region, including a **potential dual listing on the Abu Dhabi Securities Exchange (ADX)** and a **capital raise of up to $250 million**, facilitated by MOUs with Nomas Global Investments and Al Noor Legal Consultants[290](index=290&type=chunk)[291](index=291&type=chunk) [Organizational Structure](index=59&type=section&id=4.C.%20Organizational%20Structure) Diginex Limited, a Cayman Islands holding company, operates through its primary subsidiary Diginex Solutions (HK) Limited, which wholly owns entities in the United Kingdom and the United States Corporate Structure | Entity | Jurisdiction | Ownership | | :--- | :--- | :--- | | **Diginex Limited** | **Cayman Islands** | **Parent Company** | | Diginex Solutions (HK) Limited | Hong Kong | 100% owned by Diginex Limited | | Diginex Services Limited | United Kingdom | 100% owned by DSL | | Diginex USA LLC | United States | 100% owned by DSL | [Item 5. Operating and Financial Review and Prospects](index=61&type=section&id=ITEM%205.%20OPERATING%20AND%20FINANCIAL%20REVIEW%20AND%20PROSPECTS) This section analyzes financial performance, showing revenue growth, persistent unprofitability, increased general and administrative expenses due to IPO costs, significantly improved liquidity post-IPO, and recent MOUs for potential acquisitions [Results of Operations](index=63&type=section&id=5.A.%20Results%20of%20Operations) For FY2025, revenue increased by 54% to $2.0 million, driven by software subscriptions, while operating loss widened slightly to $8.3 million, and general and administrative expenses rose due to IPO costs, with a net loss of $5.2 million mitigated by fair value gains Results of Operations (in USD millions) | | 2025 | 2024 | 2023 | | :--- | :--- | :--- | :--- | | Revenue | 2.0 | 1.3 | 1.6 | | General and administrative expenses | (10.3) | (9.4) | (8.9) | | Operating loss | (8.3) | (8.1) | (7.3) | | Loss for the year | (5.2) | (4.9) | (9.3) | - Revenue from Software Subscriptions and License fees grew significantly to **$1.3 million** in FY2025 from **$0.4 million** in FY2024, mainly due to a **$0.9 million** white-label deal in Malaysia[315](index=315&type=chunk)[316](index=316&type=chunk) - General and administrative expenses increased by **$1.0 million** in FY2025, primarily due to a **$1.6 million** increase in professional fees related to the IPO[320](index=320&type=chunk)[329](index=329&type=chunk) - IT development and maintenance support costs decreased to **$1.5 million** in FY2025 from **$2.1 million** in FY2024, reflecting a **strategic shift away from resource-intensive customization projects**[326](index=326&type=chunk) - The company recognized a net fair value gain of **$3.5 million** on financial liabilities (preferred shares and convertible notes) in FY2025, compared to a gain of **$3.8 million** in FY2024 and a loss of **$1.9 million** in FY2023. These liabilities were **converted to equity in FY2025**[335](index=335&type=chunk)[336](index=336&type=chunk)[337](index=337&type=chunk) [Liquidity and Capital Resources](index=70&type=section&id=5.B.%20Liquidity%20and%20Capital%20Resources) The company's liquidity significantly improved in FY2025, with cash rising to $3.1 million due to $10.7 million in IPO proceeds from financing activities, and no outstanding debt after converting loans and notes to equity Summary of Cash Flows (in USD Millions) | | As of March 31, 2025 | As of March 31, 2024 | As of March 31, 2023 | | :--- | :--- | :--- | :--- | | Net cash (used in) operating activities | (7.7) | (5.8) | (6.6) | | Net cash provided by financing activities | 10.7 | 4.7 | 6.5 | | Net increase (decrease) in cash | 3.0 | (1.1) | (0.1) | | Cash and cash equivalents, end of year | 3.1 | 0.1 | 1.2 | - The company raised gross proceeds of **$10.6 million** from its IPO in January 2025[358](index=358&type=chunk)[367](index=367&type=chunk) - As of March 31, 2025, the company had **no outstanding debt**, as all shareholder loans, related party loans, and convertible notes were either converted to equity or repaid during the fiscal year[372](index=372&type=chunk) [Recent Developments](index=74&type=section&id=5.D.%20Recent%20Developments) Subsequent to year-end, Diginex signed significant MOUs to acquire Matter DK ApS for $13 million in stock and Resulticks for $2 billion in stock and cash, including a $500 million earnout, and agreed to provide Resulticks with up to $11 million in funding - Signed an MOU on May 23, 2025, to acquire Matter DK ApS for **$13 million** in an **all-share transaction**. Diginex also agreed to loan Matter **EUR 250,000**[386](index=386&type=chunk)[387](index=387&type=chunk) - Signed an MOU on June 5, 2025, to acquire Resulticks Global Companies Pte. Limited for **$2 billion**. The consideration includes **$1.4 billion** in Diginex shares (valued at **$72/share**), **$100 million** in cash, and a potential **$500 million earnout** based on future EBITDA performance[388](index=388&type=chunk)[389](index=389&type=chunk) - On June 23, 2025, Diginex agreed to provide up to **$11 million** in funding to Resulticks ahead of the potential acquisition[391](index=391&type=chunk) [Item 6. Directors, Senior Management and Employees](index=76&type=section&id=ITEM%206.%20DIRECTORS,%20SENIOR%20MANAGEMENT%20AND%20EMPLOYEES) This section introduces the company's board and senior management, details executive compensation and incentive plans, describes the board's composition and committees, and highlights concentrated share ownership by insiders Directors and Executive Officers | Name | Position | | :--- | :--- | | Miles Pelham | Chairman and Director | | Mark Blick | Chief Executive Officer and Director | | Tomicah Tillemann-Dick | Non – Executive Director | | Carnel Geddes | Non – Executive Director | | Katerina Klezlova | Non – Executive Director | | Paul Ewing | Chief Financial Officer | | Christian Thierfelder | Chief Operating Officer | | Graham Bridges | Chief Technology Officer | | Jessica Camus-Demarche | Chief Corporate Affairs Officer | - For the year ended March 31, 2025, aggregate compensation paid to executive officers was approximately **$1.6 million** in cash[403](index=403&type=chunk) - The company adopted the 2024 Omnibus Incentive Plan, with **5,400,000 Ordinary Shares** available for issuance under various award types[408](index=408&type=chunk)[816](index=816&type=chunk) - The Board of Directors consists of **five members**, with **three** (Tomicah Tillemann-Dick, Carnel Geddes, Katerina Klezlova) qualifying as **independent** under Nasdaq rules[424](index=424&type=chunk) - As of July 11, 2025, insiders (directors and executive officers) beneficially own approximately **51.6%** of the company's total issued and outstanding Ordinary Shares[161](index=161&type=chunk)[435](index=435&type=chunk) [Item 7. Major Shareholders and Related Party Transactions](index=85&type=section&id=ITEM%207.%20MAJOR%20SHAREHOLDERS%20AND%20RELATED%20PARTY%20TRANSACTIONS) This section details significant ownership stakes and related party transactions, primarily with major shareholder Rhino Ventures Limited, including funding via loans and warrants issued during the IPO, and the conversion of convertible notes and preferred shares to equity - Rhino Ventures Limited, controlled by Chairman Miles Pelham, provided **significant funding** via loans. In May 2024, **$1.9 million** of loans were converted as part of an **$8.0 million** capital raise. In January 2025, a further **$3.0 million** loan was converted into **731,707 Ordinary Shares** at the IPO price[442](index=442&type=chunk)[443](index=443&type=chunk) - In connection with the IPO on January 23, 2025, the company issued **six tranches** of IPO Warrants to Rhino Ventures Limited, each to purchase **2,250,000 Ordinary Shares** at escalating exercise prices[453](index=453&type=chunk) - On May 6, 2025, Rhino Ventures transferred **three tranches** of its IPO Warrants (Tranches 4, 5, and 6) to Nomas Global Investments-L.L.C-S.P.C[454](index=454&type=chunk) - All outstanding Convertible Loan Notes (**$4.35 million** principal) and Preferred Shares (held by HBM IV, Inc.) were **converted into Ordinary Shares** on December 20, 2024, when the company's registration statement became effective[446](index=446&type=chunk)[447](index=447&type=chunk) [Item 10. Additional Information](index=90&type=section&id=ITEM%2010.%20ADDITIONAL%20INFORMATION) This section outlines the company's share capital structure, key corporate governance provisions, and material contracts, including MOUs for UAE expansion and potential acquisitions, also covering tax considerations like PFIC risk for U.S. holders - As of July 11, 2025, the company had **22,993,763 ordinary shares** outstanding and **zero preferred shares** outstanding, out of an authorized **960 million ordinary** and **40 million preferred shares**[466](index=466&type=chunk) - Rhino Ventures Limited holds **4,170,520 warrants** exercisable at **$6.13** until May 2027, which if exercised would result in it owning **51%** of the company's shares at the time of exercise[477](index=477&type=chunk) - The company has signed MOUs for potential expansion in the UAE, which includes a **dual listing on the ADX** and a **capital raise of up to $250 million**[488](index=488&type=chunk) - The company has signed non-binding MOUs to acquire Matter DK ApS for **$13 million** in stock and Resulticks Global for **$2 billion** in stock and cash[492](index=492&type=chunk)[495](index=495&type=chunk) - U.S. Holders of the company's shares face a risk of the company being classified as a **Passive Foreign Investment Company (PFIC)**, which could lead to **adverse U.S. federal income tax consequences**[513](index=513&type=chunk)[514](index=514&type=chunk) [Item 11. Quantitative and Qualitative Disclosures About Market Risks](index=103&type=section&id=ITEM%2011.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISKS) The company is exposed to market risks including foreign currency fluctuations and minimal interest rate risk, manages credit risk through high-credit-rating institutions, and addresses liquidity risk via equity and debt financing, with the IPO significantly improving capital position - The company's primary currency exposure has been between the USD and the pegged HKD, but this is **increasing with exposure to the British Pound and Euro**. The company is considering a **formal hedging policy**[345](index=345&type=chunk)[536](index=536&type=chunk) - Interest rate risk is **minimal** as the company has no significant borrowings at variable interest rates[537](index=537&type=chunk) - Liquidity risk is managed through capital raising activities. The company has **historically been funded by equity, convertible debt, and shareholder loans**, with the recent IPO providing **significant additional capital**[540](index=540&type=chunk)[834](index=834&type=chunk) PART II [Item 16. Other Disclosures](index=105&type=section&id=ITEM%2016.%20Other%20Disclosures) This section covers governance and compliance, including audit fees, the company's exemptions as a foreign private issuer and emerging growth company, and its cybersecurity risk management program and insider trading policy Principal Accountant Fees (UHY LLP) | Service | 2025 | 2024 | | :--- | :--- | :--- | | Audit Fees | US$ 366,572 | US$ 529,871 | - As a **foreign private issuer**, the company follows certain **home country (Cayman Islands) governance practices** in lieu of Nasdaq rules, such as those related to shareholder approval for certain equity issuances and board composition[549](index=549&type=chunk) - The company is an "**emerging growth company**" under the JOBS Act and takes advantage of exemptions, including **not being required to have an auditor attestation of its internal controls over financial reporting**[550](index=550&type=chunk) - The company has implemented a **cybersecurity risk management program**, with **oversight from the Board's Audit Committee**, to identify, assess, and manage cyber risks. **No material cybersecurity incidents were reported** in the last three fiscal years[557](index=557&type=chunk)[558](index=558&type=chunk)[560](index=560&type=chunk) PART III [Item 18. Financial Statements](index=109&type=section&id=ITEM%2018.%20FINANCIAL%20STATEMENTS) This section presents the audited consolidated financial statements for FY2023-2025, showing significant improvement in financial position with positive equity due to IPO financing, despite persistent net losses, and includes notes on reorganization, revenue recognition, related party transactions, and subsequent acquisition MOUs [Consolidated Statements of Profit or Loss and Other Comprehensive Loss](index=114&type=section&id=Consolidated%20Statements%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Loss) For FY2025, the company reported revenue of $2.04 million, an operating loss of $8.30 million, and a net loss of $5.21 million, with basic loss per share at ($0.33) Consolidated Statement of Profit or Loss (USD) | | Year ended 31 March 2025 | Year ended 31 March 2024 | Year ended 31 March 2023 | | :--- | :--- | :--- | :--- | | Revenue | 2,040,602 | 1,299,538 | 1,625,763 | | General and administrative expenses | (10,344,514) | (9,363,345) | (8,900,491) | | **OPERATING LOSS** | **(8,303,912)** | **(8,063,807)** | **(7,274,728)** | | Other income, gains or (losses) | 3,501,200 | 3,753,988 | (1,762,410) | | **LOSS BEFORE TAX** | **(5,212,879)** | **(4,862,470)** | **(9,257,598)** | | **LOSS FOR THE YEAR** | **(5,212,879)** | **(4,871,387)** | **(9,257,598)** | | Basic loss per share | (0.33) | (0.51) | (0.97) | [Consolidated Statements of Financial Position](index=115&type=section&id=Consolidated%20Statements%20of%20Financial%20Position) As of March 31, 2025, the company's financial position significantly strengthened, with total assets increasing to $6.24 million, total liabilities decreasing to $1.69 million, and total equity turning positive to $4.56 million from a prior deficit, primarily due to equity conversions Consolidated Statement of Financial Position (USD) | | At 31 March 2025 | At 31 March 2024 | | :--- | :--- | :--- | | Total non-current assets | 271,135 | 392,633 | | Total current assets | 5,972,027 | 581,784 | | **Total Assets** | **6,243,162** | **974,417** | | Total current liabilities | (1,574,345) | (14,267,453) | | Total non-current liabilities | (110,867) | (9,717,088) | | **Total Liabilities** | **(1,685,212)** | **(23,984,541)** | | **Total equity (deficit)** | **4,557,950** | **(23,010,124)** | [Consolidated Statements of Cash Flows](index=120&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For FY2025, net cash used in operating activities was $7.7 million, offset by a significant $10.7 million inflow from financing activities, primarily IPO proceeds, resulting in a $3.0 million net increase in cash and a year-end balance of $3.1 million Consolidated Statement of Cash Flows (USD) | | Year ended 31 March 2025 | Year ended 31 March 2024 | Year ended 31 March 2023 | | :--- | :--- | :--- | :--- | | Net cash used in operating activities | (7,671,255) | (5,856,708) | (6,591,318) | | Net cash used in investing activities | (10,032) | - | - | | Net cash generated from financing activities | 10,715,808 | 4,750,152 | 6,500,000 | | **NET INCREASE (DECREASE) IN CASH** | **3,034,521** | **(1,106,556)** | **(91,318)** | | Cash and cash equivalents, end of year | 3,111,141 | 76,620 | 1,183,176 | [Notes to the Consolidated Financial Statements](index=122&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) The notes provide critical context to the financial statements, detailing group reorganization, IPO accounting, revenue recognition policies, financial instrument valuation, related party transactions, and significant subsequent events including major acquisition MOUs - The financial statements are prepared as if the company had always been the holding company of the group, following a recapitalization in July 2024 where Diginex Limited became the parent of DSL[597](index=597&type=chunk)[601](index=601&type=chunk) - Revenue is recognized at a point-in-time for software license fees and most customization/advisory work, and over time for software subscriptions. In FY2025, **$1.64 million** was recognized at a point-in-time and **$0.40 million** over time[724](index=724&type=chunk) - Key management personnel received total compensation of **$2.41 million** in FY2025, including **$0.78 million** in share-based payments[763](index=763&type=chunk) - Subsequent to year-end, the company signed MOUs to acquire Matter DK ApS for **$13M** in stock and Resulticks for **$2B** in stock and cash. It also received an **$8M** advance from Rhino Ventures for warrant exercises[850](index=850&type=chunk)[853](index=853&type=chunk)
Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025
Globenewswire· 2025-07-12 02:00
Core Insights - Diginex Limited reported a transformative fiscal year ending March 31, 2025, highlighted by a 57% increase in revenues and the successful completion of its IPO in January 2025 [4][5][17] - The company signed strategic agreements with professional firms to enhance future revenues and client acquisition, while also introducing AI-powered compliance solutions [4][5] - Diginex is pursuing a dual listing on the Abu Dhabi Securities Exchange to increase exposure to investors and support sustainable finance initiatives in the GCC region [4][5] Financial Performance - Total revenue for the fiscal year increased by 57% to $2.0 million, driven primarily by software subscriptions and license fees [5][8] - The net loss for the fiscal year was $5.2 million, an increase of $0.3 million compared to the previous year's loss of $4.9 million [5][24] - General and administrative expenses rose to $10.3 million, primarily due to IPO-related professional fees and share-based payments [13][24] Revenue Breakdown - Revenue from subscription and license fees increased significantly to $1.3 million from $0.4 million, while advisory fees rose modestly to $0.3 million [7][9] - Customization fees decreased to $0.4 million from $0.7 million, reflecting a strategic shift towards core product development [10][11] Balance Sheet Highlights - As of March 31, 2025, Diginex reported net assets of $4.6 million, a significant improvement from net liabilities of $23.0 million the previous year [15][23] - The company's cash position improved to $3.1 million from $0.1 million at the end of the prior fiscal year [15][23] Strategic Initiatives - Diginex signed memoranda of understanding to acquire Resulticks Group Companies and Matter DK ApS, aimed at enhancing its technology and data capabilities [5][6] - The planned acquisitions are expected to expand Diginex's AI-driven data management and sustainability analytics capabilities [6][17]
Diginex Announces Plans for Eight-for-One Forward Stock Split
Globenewswire· 2025-07-08 03:29
Core Viewpoint - Diginex Limited has proposed an eight-for-one forward stock split to enhance shareholder accessibility and liquidity, with the aim of broadening its investor base and supporting long-term growth [1][4]. Group 1: Stock Split Details - The Board of Directors has scheduled an extraordinary general meeting on July 29, 2025, for shareholders to vote on the proposed forward stock split and related amendments [2]. - If approved, each ordinary share of US$0.00005 par value will be subdivided into eight ordinary shares of US$0.00000625 par value each, and the same subdivision will apply to preferred shares [3]. - The authorized share capital will be adjusted to US$50,000, divided into 7,680,000,000 ordinary shares and 320,000,000 preferred shares, with fractional shares rounded up [3]. Group 2: Company Overview - Diginex Limited is a leading provider of Sustainability RegTech solutions, focusing on ESG, climate, and supply chain data collection and reporting [5]. - The company utilizes advanced technologies such as blockchain, AI, and machine learning to enhance transparency in corporate regulatory reporting and sustainable finance [5]. - Diginex's diginexESG platform supports 17 global frameworks, providing comprehensive support for clients in sustainability data management and reporting [6].
Diginex's AI-Driven Enhancements Poised to Accelerate Customer Adoption and Drive Revenue Growth
Globenewswire· 2025-06-30 11:30
Core Insights - Diginex Limited has received additional government funding to enhance its AI-powered compliance solutions aimed at helping companies meet sustainability disclosure requirements [1][3] - The upgraded AI functionality is expected to accelerate customer adoption and contribute to revenue growth, with the global market for ESG reporting software projected to grow from over $1.3 billion in 2023 to over $5.6 billion by 2029, at a CAGR of 26% [2] - Diginex's diginexESG platform supports 17 global frameworks, providing end-to-end support for ESG reporting [6] Company Developments - Diginex has signed a Memorandum of Understanding for the strategic acquisition of Resulticks Global Companies Pte. Limited for $2 billion, aimed at enhancing AI and data management capabilities [4] - The company has entered into strategic alliances with firms like Forvis Mazars, Russell Bedford International, and Baker Tilly Singapore to expand the distribution of its platforms [4] - Diginex has received recognition from the Hong Kong Monetary Authority for its innovative fintech projects, building on previous awards and selections [3][4] Market Position - Diginex is well-positioned to capture the growing demand for sustainable finance solutions by combining its platform with blockchain, machine learning, and data analytics [2] - The company's focus on AI-driven innovation in ESG reporting is validated by recognition from regulatory authorities, emphasizing its commitment to democratizing sustainability compliance [4]
Diginex Limited Added to S&P Global BMI Index, Marking Key Milestone in the Company’s Development
Globenewswire· 2025-06-26 11:30
Core Insights - Diginex Limited has been included in the S&P Global Broad Market Index (BMI), effective June 22, 2025, marking a significant milestone for the company [1][2][3] Company Overview - Diginex Limited is a leading provider of Sustainability RegTech solutions, focusing on streamlining ESG, climate, and supply chain data collection and reporting [5] - The company utilizes advanced technologies such as blockchain, AI, and machine learning to enhance transparency in corporate regulatory reporting and sustainable finance [5] S&P Global BMI Inclusion - The S&P Global BMI is a comprehensive equity benchmark that includes over 14,000 companies from developed and emerging markets, indicating Diginex's compliance with standards of market capitalization, liquidity, and public float adjustment [2][4] - Inclusion in the S&P Global BMI is expected to enhance Diginex's visibility among institutional investors and broaden its shareholder base, potentially improving trading liquidity and supporting long-term growth [3][2] Product and Service Offerings - Diginex's award-winning diginexESG platform supports 17 global frameworks, including GRI, SASB, and TCFD, providing clients with comprehensive ESG reporting solutions [6] - The platform offers end-to-end support, including materiality assessments, data management, stakeholder engagement, and report generation [6]
Diginex's Acquisitions Come For A Reason
Seeking Alpha· 2025-06-25 09:51
Group 1 - Diginex (NASDAQ: DGNX) has signed two Memorandums of Understanding to acquire Matter DK and Resulticks, which is expected to enhance its business operations [1] - Following the announcement of these acquisitions, Diginex's stock price experienced a slight decline [1] - The acquisitions are anticipated to provide Diginex with additional resources and capabilities in the market [1]