KUALA LUMPUR, Malaysia, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”) today announced that it has entered into a Subscription Agreement with Malaysian investors Chan Meng Chun and Chuah Su Chen, raising USD 400,000 through a strategic equity investment. The participation of Executive Director Chan Meng Chun underscores insider confidence in Treasure Global’s long-term growth strategy and outlook. Chan Meng Chun, a respected industry veteran who rec ...

Core Insights - Treasure Global Inc. has filed a Notification of Late Filing on Form 12b-25 with the SEC, allowing additional time to submit its Annual Report on Form 10-K for the fiscal year ended June 30, 2025 [1][2] - The company expects to file its Form 10-K on or before October 15, 2025, and will provide updates on its earnings release and investor communications [2] Company Overview - Treasure Global is a Malaysia-based technology solutions provider focused on digital transformation in retail and services [3] - The flagship product, ZCITY Super App, integrates e-payment solutions with customer loyalty rewards, boasting over 2.7 million registered users as of March 2025 [3] - The company utilizes advanced technologies such as artificial intelligence and data analytics to enhance its platform across e-commerce and fintech sectors [3]

KUALA LUMPUR, Malaysia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”) today announced that it has filed a Notification of Late Filing on Form 12b-25 with the U.S. Securities and Exchange Commission (“SEC”). The filing provides the Company with additional time to submit its Annual Report on Form 10-K for the fiscal year ended June 30, 2025. The extension is required to allow additional time to complete audit procedures related to certain fiscal yea ...

KUALA LUMPUR, Malaysia, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced the appointment of Michael Chan as an Executive Director of its Board of Directors, effective immediately. Michael previously served as Chief Financial Officer of Treasure Global, where he contributed to key financial and strategic initiatives, including capital management and operational optimization. After a period ...

Core Insights - Treasure Global Inc. has received a purchase order worth AUD 300,000 for high-performance GPUs and specialized AI software from I Synergy Group Limited, marking a significant milestone in their partnership [1][2][3] - This order is the first execution under the Sale and Purchase Agreement signed on August 14, 2025, aimed at supporting I Synergy's AI-enabled blockchain and cloud platform [2][3] - The GPUs and AI software will enable advanced functionalities such as AI model training and real-time data processing, positioning I Synergy at the forefront of the rapidly expanding blockchain market in the Asia-Pacific region, projected to exceed US$35 billion by 2030 [4] Company Strategy - Treasure Global is focused on operationalizing its AI infrastructure strategy, which aims to enhance digital transformation in Malaysia and create long-term value for stakeholders [5][7] - The company is committed to expanding its AI/GPU business as a growth driver, alongside its existing technology platforms, while pursuing opportunities that deliver value to partners and customers [7] - The successful execution of this purchase order reflects the company's transition from conceptual AI strategies to tangible contracts and deliveries, showcasing early revenue traction in the AI/GPU sector [3][6] Industry Context - The convergence of blockchain, AI, and cloud technologies is creating new opportunities in the digital economy, with companies like I Synergy positioning themselves to leverage these advancements [4][11] - The demand for AI and cloud solutions is expected to grow significantly, driven by the increasing need for digital transformation across various sectors, including e-commerce and financial services [9]

Core Viewpoint - Treasure Global Inc. has signed a Memorandum of Understanding (MoU) with iSynergy Group Limited to establish a strategic partnership aimed at developing AI-powered cloud infrastructure across Southeast Asia [1][4]. Group 1: Partnership Details - The collaboration will focus on the sale and acquisition of advanced AI-driven graphics processing units (GPUs) as the foundational technology for the AI cloud infrastructure [2]. - The partnership aims to co-develop AI-powered cloud solutions tailored for enterprises, SMEs, and public sector entities, while also exploring joint go-to-market strategies and technical integration with iSynergy's blockchain platforms [3]. Group 2: Market Potential - The global AI cloud infrastructure market is projected to exceed USD 60 billion by 2025, with a compound annual growth rate (CAGR) of 26.6% through 2034, highlighting Southeast Asia as a high-potential market [6]. - The Asia-Pacific blockchain market is expected to grow from USD 4.5 billion in 2023 to over USD 35 billion by 2030, indicating significant opportunities for the partnership in high-growth sectors [7]. Group 3: Company Background - Treasure Global is a Malaysia-based technology solutions provider specializing in digital transformation platforms, with its flagship product being the ZCITY Super App, which has attracted over 2.9 million registered users as of March 2025 [9]. - iSynergy Group is a digital commerce and blockchain solutions provider, empowering gig workers and businesses through innovative tools in digital engagement and blockchain rewards [11].

Core Insights - Treasure Global Inc. has formed a strategic partnership with Taxieco New World Limited to enhance grocery logistics for SMEs in Malaysia through real-time tracking and IoT integration [1][2][5] - The collaboration aims to improve operational efficiency and support small business growth while contributing to regional economic development [1][2][4] Company Overview - Treasure Global operates as a leading e-commerce platform in Malaysia, with its subsidiary Tien Ming Distribution focusing on grocery delivery services [1][7] - The company’s flagship product, the ZCITY Super App, has attracted over 2.9 million registered users as of March 2025, positioning it as a key player in the digital economy [7] Industry Context - The online grocery delivery market in Malaysia is projected to reach US$2.50 billion in 2025 and grow to US$4.03 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.9% [4] - The growth is driven by consumer preferences for fresh, locally sourced products and the demand for convenient, tech-enabled grocery delivery solutions [4]

Core Insights - Treasure Global Inc. has launched a US$100 million digital asset treasury initiative aimed at strengthening its digital infrastructure and supporting the upcoming launch of its AI-powered consumer intelligence platform in Q3 2025 [1][2] Group 1: Treasury Initiative - The treasury initiative is supported by two capital sources: US$50 million from an existing equity financing agreement and US$50 million from a new institutional commitment [8] - The strategy allows for a phased acquisition of blockchain-native assets, including Bitcoin, Ethereum, and regulated stablecoins, depending on capital availability and market conditions [2] Group 2: Platform Launch - The upcoming consumer platform will provide real-time, data-verified insights into retail performance, offering an alternative to traditional review platforms [3] - The platform will enable merchants to sell digital coupons directly, creating a seamless ecosystem for discovery, validation, and conversion [4] Group 3: User and Ecosystem Momentum - The flagship app, ZCITY, has over 2.7 million registered users and has enhanced its digital coupon infrastructure through a partnership with Mezzofy [5][10] - The combination of the US$100 million treasury program and the AI-powered platform positions Treasure Global at the intersection of real-time retail data, digital commerce, and blockchain infrastructure [5] Group 4: Management Commentary - The CEO emphasized that the treasury strategy aligns capital deployment with infrastructure scalability and platform utility, aiming for recurring revenue and long-term capital efficiency [6]

Core Insights - Treasure Global Inc. has successfully returned to profitability in Q3 FY2025, reporting a net income of $1.26 million compared to a net loss of $1.71 million in the same period last year [2] - The company is focusing on high-margin digital offerings and has initiated a strategic roadmap for an AI and data-driven platform, with a major product reveal planned for Q3 2025 [1][3] - The partnership with Mezzofy aims to enhance loyalty and rewards offerings through digital coupons, potentially creating a new high-margin revenue stream [4] - The acquisition of a 51% stake in Tien Ming Distribution is expected to improve logistics capabilities and support the company's digital commerce operations [5] - Management emphasizes financial discipline and operational efficiency as key factors in achieving sustainable growth and profitability [7][9] Financial Performance - In Q3 FY2025, gross profit increased by 41% year-over-year, with gross margin expanding to 73% [2] - Quarterly revenue was reported at $0.67 million, reflecting a 58% decline year-over-year due to the exit from low-margin product lines, but a 121% sequential increase from the prior quarter [2] - A one-time, non-cash gain of $1.78 million was included in the results, but management highlights ongoing structural improvements and cost discipline as foundational for future growth [2] Strategic Initiatives - The development of an AI and data-driven platform aims to enhance user engagement and is expected to strengthen the company's position in Malaysia's digital economy [3] - The partnership with Mezzofy allows Treasure Global to offer a 'coupon-as-a-service' technology, enhancing merchant engagement and customer incentives [4] - The acquisition of Tien Ming Distribution is set to enhance last-mile delivery capabilities and support the scaling of the company's physical distribution network alongside digital growth [5] Management Commentary - The CEO stated that the strategic transformation is well underway, with significant improvements in profitability achieved through a pivot to higher-margin opportunities [6] - The CFO noted that the gross profit margin expansion reflects the success of shifting to a leaner business model, while maintaining strong cash flow and managing expenses prudently [7] Future Outlook - The leadership is confident that the combination of a streamlined operating model and new strategic initiatives will drive long-term value [8] - The upcoming launch of the data-driven platform is anticipated to be a significant growth catalyst [8] - The integration of the Mezzofy digital coupon platform and Tien Ming distribution arm is expected to create synergies between online services and physical delivery capabilities [8][9]

Core Viewpoint - Treasure Global Inc. has successfully reversed its prior-year net loss into a modest net profit, demonstrating significant improvement in profitability through strategic shifts and disciplined cost management [1][4][6]. Financial Highlights - For the third quarter, revenue was $0.67 million, a 58% decrease from $1.60 million in the same quarter of fiscal 2024, but a 121% increase quarter-over-quarter [7]. - 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 [7]. - Net income was $1.26 million, a turnaround from a net loss of $1.71 million in the prior-year quarter, and earnings per share (EPS) improved to $1.09 from a loss per share of $116.03 [7]. - For the nine-month period, the company reversed a $5.0 million net loss from the prior year into a modest net profit [4][7]. Management Commentary - The CEO highlighted that the third-quarter results reflect a strategic shift towards higher-margin operations and disciplined cost management, leading to a return to net profitability [3]. - The CFO emphasized the financial turnaround, supported by cost controls and a leaner operating structure, positioning the company for greater scalability and recurring revenue [4]. Operational Updates - The company expanded its offerings by introducing a new revenue stream focused on customized software development for enterprise clients through a partnership with Reveillon Group Limited [5]. - A new digital coupon management platform in collaboration with Mezzofy (Hong Kong) Limited is expected to enhance the company's digital commerce ecosystem [8]. Business Outlook - The company aims to build a resilient and scalable business model centered around high-margin verticals, digital innovation, and operational excellence [6]. - Management is confident that the momentum from the return to net profitability sets the foundation for long-term, sustainable growth [6]. Company Overview - Treasure Global is a leading Malaysian solutions provider specializing in innovative technology platforms that drive digital transformation, with its flagship product, the ZCITY Super App, attracting over 2.9 million registered users as of March 2025 [11].