Secures 350-Advisor Network and ~3,000 Clients to Drive Low-Cost OXI Wallet Growth Across Southeast AsiaKUALA LUMPUR, Malaysia, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced the acquisition of Quarters Elite Advisory Sdn Bhd (“Quarters Elite”), a Malaysian financial advisory firm managing approximately USD 150 million in client assets through a nationwide network of more than 350 profes ...

Core Insights - Treasure Global Inc. has significantly strengthened its cash position, increasing liquidity more than five-fold to USD 1.25 million as of September 30, 2025, compared to USD 236,895 as of June 30, 2025 [8] - The company is focused on strategic investments in digital growth initiatives, particularly in digital payments, AI solutions, and token-based ecosystems, with plans for launches in the first half of 2026 [3][4] Financial Highlights - Total stockholders' equity rose to USD 11.97 million, up from USD 10.74 million, reflecting a USD 1.23 million increase quarter-over-quarter [8] - The ZCITY Super App has attracted over 2.7 million registered users as of June 2025, enhancing the company's position in Malaysia's digital economy [8] Operational Updates - The company is advancing its innovation pipeline through investments in AI, loyalty systems, and digital platform capabilities, preparing for the launch of the OXI Wallet and UNIRWA token in 1H 2026 [4][5] - These initiatives are expected to enhance user engagement and unlock higher-margin revenue streams [4] Business Outlook - Treasure Global aims to embed the UNIRWA token ecosystem as a core component of its digital asset strategy and progressively roll out new features and partnerships around the OXI Wallet [5] - The company is positioning its digital ecosystem for scalability across Malaysia and Southeast Asia, emphasizing long-term value creation for shareholders [5]

User Engagement and App Performance - As of November 10, 2025, the ZCITY App had 2,708,782 registered users and 2,027 registered merchants[208] - The number of new registered users for the ZCITY App in the quarter ended September 30, 2025, was 517, while the number of active users was 4,378[231] - As of September 30, 2025, the company recorded 2,708,570 registered users, with an average growth rate of approximately 0.1% over the past five quarters, while active users decreased by an average of 27.1%[233] - The decline in active users is attributed to reduced E-voucher purchases and decreased marketing spending, leading to lower new user registrations and retention rates[234] Financial Performance - Total revenues for the three months ended September 30, 2025, decreased by approximately $25,000 or 12.0% to approximately $182,527 compared to $207,371 for the same period in 2024[237] - Product and loyalty program revenue increased by approximately $0.1 million or 122.1% to approximately $181,519 for the three months ended September 30, 2025, driven by higher demand for e-vouchers[238] - Transaction revenue decreased by 97.7% to approximately $1,008 for the three months ended September 30, 2025, compared to approximately $43,080 for the same period in 2024[240] - Member subscription revenue decreased by 100% to approximately $0 for the three months ended September 30, 2025, from approximately $82,546 for the same period in 2024[241] - Gross profit for the three months ended September 30, 2025, was approximately $1,286, reflecting a decrease of approximately $171,000 or 99.3% compared to approximately $172,172 for the same period in 2024[244] Expenses and Losses - Selling expenses decreased by approximately $57,000 or 73.2% to approximately $21,000 for the three months ended September 30, 2025, primarily due to reduced marketing expenses[247] - General and administrative expenses increased by approximately $54,000 or 6.8% to approximately $843,000 for the three months ended September 30, 2025, driven by higher administrative costs[248] - Research and development expenses increased by approximately $0.8 million or 1,547.9% to support A.I. related infrastructure development for the three months ended September 30, 2025[249] - Net loss for the three months ended September 30, 2025, was approximately $2.0 million, an increase of $1.0 million compared to a net loss of $1.0 million for the same period in 2024[253] Cash Flow and Financing - As of September 30, 2025, the company had approximately $1.3 million in cash and cash equivalents, primarily consisting of unrestricted bank deposits[255] - Net cash used in operating activities for the three months ended September 30, 2025, was approximately $1.8 million, compared to $1.0 million for the same period in 2024[260] - Net cash provided by financing activities for the three months ended September 30, 2025, was approximately $3.5 million, primarily from the Share Purchase Agreement[265] - The company issued 33,566 shares of common stock, resulting in net proceeds of approximately $2.9 million as of September 30, 2025[256] Acquisitions and Partnerships - On February 11, 2025, the company signed a share purchase agreement to acquire a 51% stake in Tien Ming Distribution Sdn Bhd, although the transaction is expected to be terminated due to lack of control[214] - The company initiated a new revenue stream by offering customized software development services, targeting enterprise clients, with a partnership established in January 2025[213] - The company has partnered with Credilab Sdn Bhd to develop credit services within the ZCITY App, with the partnership scheduled to conclude on September 19, 2029[221] - The company aims to enhance user engagement through the integration of mini-game modules into the ZCITY App, in partnership with Octagram Investment Limited[222] Stock and Valuation - A reverse stock split of 1:50 was executed on April 7, 2025[215] - The fair value of warrants issued to Alumni Capital was estimated at $2,687,863 based on assumptions including expected volatility of 160.20% to 171.88% and an exercise price of $1.17 to $5.15[282] - The fair value of warrants on June 30, 2025, was estimated at $383,886, with an expected volatility of 162.92% to 167.27% and an exercise price of $1.20 to $2.05[283] - The fair value of warrants on September 30, 2025, was estimated at $1,037,695, with an expected volatility of 162.53% and an exercise price of $0.65 to $1.10[284] Internal Controls and Compliance - Management identified material weaknesses in internal control over financial reporting, including inadequate U.S. GAAP expertise and lack of an internal audit function[289] - Plans for remedial measures include hiring qualified accounting personnel and establishing an internal audit function to improve financial reporting and compliance[289] Impairments and Concerns - The company recorded an impairment for long-lived assets amounting to $19,517,303 as of September 30, 2025[273] - The company has substantial doubt about its ability to continue as a going concern due to recurring losses and insufficient funds to meet working capital requirements[259] Other Financial Information - The company has provided an allowance for credit loss of $1,078,475 for other receivables as of September 30, 2025[272] - For the three months ended September 30, 2025, the company recorded an unrealized holding loss on marketable securities of $0, compared to approximately $128,000 for the same period in 2024[274] - Deferred tax liabilities are recognized for all taxable temporary differences, while deferred tax assets are recognized only if it is probable that taxable profit will be available[278] - Revenue from customized software development services is recognized over time using the cost-to-cost input method, with significant estimates impacting revenue timing and amounts[277] - Stock-based compensation for the three months ended September 30, 2025, amounted to approximately $100,000, compared to $70,000 for the same period in 2024[280]

Core Insights - Treasure Global Inc. has announced a 12-month lock-up for over 51% of its outstanding shares, effective November 14, 2025, indicating strong confidence in its long-term strategy and market stability [1][5][6] Shareholder Commitment - The lock-up involves 24 entities and individuals, collectively representing over 51% of the Company's outstanding shares [2] - Participating shareholders are prohibited from selling, transferring, or disposing of any common stock or convertible securities during the lock-up period, with certain exceptions [3][4] Strategic Alignment - The lock-up is supported by major shareholders, including executive directors and long-standing investors, reflecting confidence in the Company's strategic direction and growth roadmap [5][6] - The CEO emphasized that this alignment allows the Company to execute key initiatives, such as the OXI Wallet and UNIRWA token program, while maintaining a stable shareholder base [6] Growth Initiatives - The lock-up follows significant milestones in the Company's fintech and digital asset initiatives, including the development of the OXI Wallet platform and the UNIRWA token program, showcasing a commitment to long-term growth and innovation [7] - The Company is enhancing its treasury management capabilities to optimize financial resources for growth, supporting sustained value creation [8] Company Overview - Treasure Global is a Malaysia-based technology solutions provider focused on digital transformation in retail and services, with its flagship product being the ZCITY Super App, which has over 2.7 million registered users as of June 2025 [9]

Core Insights - Treasure Global Inc. has appointed Tadaa Technologies as the exclusive partner and treasury manager for 200 million UNIRWA tokens, valued at USD 100 million, aimed at tokenizing real-world assets in real estate and hospitality across Southeast Asia [1][2][4] Company Developments - The UNIRWA token will be integrated into the upcoming OXI Wallet, set to launch in the first half of 2026, which will provide secure access to asset-backed digital tokens [3][11] - Tadaa will offer tokenization solutions, including asset classification, technical flows, and regulatory compliance for the UNIRWA token [4][11] - The partnership marks Treasure Global's first exclusive collaboration in real-world asset tokenization, enhancing its fintech offerings and establishing recurring income streams [11] Revenue Model - Tadaa plans to develop three revenue channels: management returns from token reserve assets, transaction and settlement fees from token activities, and platform utility revenues related to compliance and tokenization solutions [5][9][10] Market Growth and Industry Potential - There is increasing investor demand for asset-backed digital tokens in Southeast Asia, with projections indicating significant growth in the asset tokenization market [6][7] - The global asset tokenization market is expected to reach USD 16.1 trillion by 2030, highlighting the potential for professionally managed tokenized assets [7] - The tokenization of financial and real-world assets could expand private markets to nearly USD 4 trillion by 2030, driving blockchain growth [8]

Core Insights - Treasure Global Inc. is launching OXI Wallet, a next-generation fintech platform designed for secure digital asset management, aiming to support up to USD 10 billion in user-held digital assets in its first operational year [1][6][7] - The OXI Wallet will integrate with Treasure Global's ZCITY Super App, which has over 2.7 million registered users, enhancing user access to payment features and bridging traditional and digital finance [2][4] Company Overview - Treasure Global is a Malaysia-based technology solutions provider focused on digital transformation in retail and services, with its flagship product being the ZCITY Super App [9] - The company leverages advanced technologies like artificial intelligence and data analytics to enhance its platform capabilities across various sectors, including e-commerce and fintech [9] Product Features - OXI Wallet will feature an AI-powered portfolio assistant for data-driven insights and personalized guidance, ensuring users maintain control over their transactions [3][4] - The platform will support multiple blockchain networks, including Binance, Ethereum, TRON, and Solana, ensuring multi-chain interoperability and compliance with international KYC and AML standards [4][6] Market Context - The global crypto wallet market is projected to exceed USD 100 billion by 2033, with significant institutional adoption of stablecoins in Asia [6] - The overall digital asset market capitalization has surpassed USD 4.2 trillion, with blockchain-based financial services expected to grow at a CAGR of over 45% by 2030 [6] Strategic Vision - The launch of OXI Wallet is seen as a disciplined expansion of Treasure Global's fintech capabilities, with plans for a release in the first half of 2026 [7] - The company aims to capture market share as digital assets transition from speculative instruments to mainstream components of global financial infrastructure [7]

Core Insights - Treasure Global Inc. is investing in the development of OXI Wallet, a next-generation fintech platform designed to support up to USD 10 billion in user-held digital assets in its first operational year, emphasizing security, transparency, and regulatory compliance [1][6][7] Company Overview - Treasure Global is a Malaysia-based technology solutions provider focused on digital transformation in retail and services, with its flagship product being the ZCITY Super App, which has over 2.7 million registered users as of June 2025 [10] Product Features - OXI Wallet will feature an AI-powered portfolio assistant for data-driven insights and personalized guidance, initially available in selected markets [3] - The platform supports multiple blockchain networks, including Binance, Ethereum, TRON, and Solana, ensuring multi-chain interoperability and compliance with international KYC and AML standards [4] Market Context - The global crypto wallet market is projected to exceed USD 100 billion by 2033, with significant institutional adoption of stablecoins in Asia [6] - The overall digital asset market capitalization has surpassed USD 4.2 trillion, with blockchain-based financial services expected to grow at a CAGR of over 45% [6] Strategic Goals - The launch of OXI Wallet in the first half of 2026 aims to provide a secure foundation for digital asset services in Southeast Asia, positioning the company to capture market share as digital assets become mainstream [7]

Core Insights - Treasure Global Inc. has approved inducement equity awards for two executives to enhance talent retention and support strategic growth [1][4] - Each executive will receive an inducement equity award valued at USD 60,000, vesting after 24 months of continuous employment [2][3] Company Overview - Treasure Global is a technology solutions provider based in Malaysia, focusing on digital transformation in retail and services [5] - 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 [5]

Core Insights - Treasure Global Inc. has made significant progress in diversifying its business and strengthening its technology infrastructure despite a challenging operating environment [2][8] Business Highlights - **AI & Blockchain Integration**: In March 2025, the company launched its AI cloud infrastructure strategy, followed by a Sale and Purchase Agreement with I Synergy Group Limited in August 2025, resulting in an initial AUD 300,000 purchase order for enterprise-grade GPUs and AI software [3] - **AI and Data-Driven Platform Development**: The company is developing a next-generation AI-powered platform to enhance user engagement and monetization, building on the success of its ZCITY app [4] - **Mezzofy Partnership for Digital Coupons**: An exclusive partnership with Mezzofy was established in April 2025 to distribute digital coupon solutions in Malaysia, creating a high-margin recurring revenue stream [5] - **FMCG Distribution**: The company expanded into the FMCG sector in 2025, including exclusive e-distribution for selected F&N consumer products, enhancing its logistics and fulfillment capabilities [6] - **Digital Assets Initiative**: Plans to enter the digital assets and cryptocurrency space are underway, aligning with the company's AI and cloud infrastructure roadmap [7] Management Commentary - The CEO highlighted that fiscal 2025 was a pivotal year, with meaningful progress in technology foundation, strategic partnerships, and diversification roadmap, positioning the company for sustainable growth [8] Outlook - Key priorities for the upcoming year include enhancing platform intelligence and user engagement through AI and data analytics, expanding digital commerce and rewards solutions, and optimizing supply chain capabilities [9][11]

Core Insights - Treasure Global Inc. reported a significant narrowing of its adjusted net loss by 68% year-over-year, amounting to approximately USD 2.1 million for FY2025, compared to USD 6.6 million in FY2024 [3][8] - The company achieved a gross profit of USD 1.7 million, with a gross margin expansion to 71.6%, attributed to a strategic shift towards higher-margin technology and software services [8] - The fiscal year 2025 was characterized as a transitional year, focusing on restructuring and reinvestment to strengthen fundamentals and optimize operations for sustainable recovery and long-term profitability [2][3] Financial Performance - Adjusted net loss narrowed to approximately USD 2.1 million from USD 6.6 million in FY2024, indicating improved operating efficiency and disciplined cost management [3][8] - Gross profit reached USD 1.7 million, with a gross margin of 71.6%, reflecting the company's focus on higher-margin technology solutions [8] - Operating expenses declined significantly year-over-year, showcasing the company's commitment to cost management and operational efficiency [8] Strategic Initiatives - The company is realigning its focus towards enterprise technology and AI-driven solutions, positioning itself for sustainable revenue growth and enhanced profitability [8] - Strategic actions taken during FY2025 have strengthened the company's fundamentals and streamlined its cost base [3][8] - Treasure Global aims to leverage technology-driven solutions to enhance customer experiences and expand ecosystem partnerships [3]