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Currenc Group Inc. Announces Second Quarter and First Half 2025 Financial Results
Currenc Group Inc.Currenc Group Inc.(US:CURR) Globenewswireยท2025-08-04 20:01

Core Insights - Currenc Group Inc. reported its financial results for Q2 2025, highlighting a year-over-year decline in total revenue but an increase in remittance revenue, driven by growth in Total Processing Value (TPV) and improved take rates [1][4][12]. Financial Performance - Total revenue excluding TNG Asia and GEA for Q2 2025 was US$8.7 million, a decrease of 10.3% from US$9.7 million in Q2 2024 [4]. - Remittance revenue, excluding TNG Asia and GEA, was US$5.2 million, reflecting an increase of 8.3% year-over-year [5]. - Global airtime revenue decreased to US$2.0 million, down 16.7% from US$2.4 million in the previous year [5]. - Indonesian airtime revenue saw a significant decline of 39.6%, dropping from US$2.5 million to US$1.5 million [4]. Operational Metrics - Total Processing Value (TPV) through Tranglo reached US$1.46 billion, marking a 6.9% increase year-over-year [4]. - The total number of transactions increased to 3.1 million in Q2 2025, up from 2.9 million in Q2 2024 [4]. - The overall take rate improved to 0.36% in Q2 2025 from 0.35% in the same period of 2024 [5]. Cost Management - Total direct costs of revenue decreased by 24.1% year-over-year to US$5.5 million [5]. - Operating expenses rose to US$7.6 million, primarily due to a one-time incentive share expense of US$2.2 million related to the de-SPAC merger and US$1.0 million for AI initiatives [5][12]. EBITDA Analysis - The total EBITDA for Q2 2025 was a loss of US$3.4 million, with Tranglo and WalletKu together delivering positive EBITDA of US$0.53 million [10]. - The net loss for the quarter was US$5.0 million, driven by headquarters losses and adjustments [9][10]. Strategic Focus - The company plans to deemphasize lower-margin airtime services and reallocate resources to expand its AI product offerings [5][12]. - Management aims to pair consistent remittance execution with an expanding AI portfolio to create a healthier revenue mix and sustainable long-term value for shareholders [12].