Currency Exchange International Reports Third Quarter 2025 Results

Core Viewpoint - Currency Exchange International, Corp. reported a net income of $4.2 million for Q3 2025, an 8% increase year-over-year, despite a 10% decrease in adjusted net income due to the discontinuation of operations at its Canadian subsidiary [1][4][10]. Financial Performance - Reported net income for Q3 2025 was $4.2 million, up 8% from the previous year, while adjusted net income decreased by 10% to $4.1 million [1][10]. - EBITDA for Q3 2025 was reported at $8.1 million, a 4% increase year-over-year, with adjusted EBITDA at $8.2 million, reflecting a 5% increase [2][10]. - Total revenue for Q3 2025 was $21.3 million, a 7% increase compared to $20.0 million in the prior year, driven by growth in Payments and Banknotes revenue [10][12]. Operational Highlights - The Group's Payments revenue increased by 24% year-over-year, while Banknotes revenue rose by 4% [10][12]. - The Group processed 51,727 payment transactions worth $1.77 billion in Q3 2025, compared to 40,859 transactions worth $1.36 billion in the prior period [12]. - The Group opened a new company-owned location in Scottsdale, Arizona, and added 138 new non-airport locations across the U.S. [12]. Strategic Developments - The decision to cease operations of the Exchange Bank of Canada was announced on February 18, 2025, with the subsidiary classified as discontinued operations starting Q2 2025 [5][10]. - The Group's capital position remained strong, with total equity of $83.8 million and net working capital of $67.6 million as of July 31, 2025 [4][10]. Shareholder Actions - The Group repurchased a total of 282,400 common shares for $4.25 million under a Normal Course Issuer Bid (NCIB) [6][10].