Currenc Group Inc.(US:CURR) Globenewswire·2025-11-10 13:30Core Insights - Currenc Group Inc. reported its third-quarter financial results for 2025, highlighting a focus on AI solutions and operational efficiency in the fintech sector [1][12]. Financial Performance - Total revenue for the third quarter of 2025 was $10.4 million, a decrease of 3.9% year-over-year from $10.8 million in 2024, primarily due to lower Indonesian airtime revenue [5][6]. - Remittance revenue, excluding TNG Asia and GEA, increased by 54.8% year-over-year to $7.0 million, driven by a 10.1% increase in Total Processing Value (TPV) to $1.41 billion [5][6][12]. - Global airtime transfer revenues decreased by 12.3% year-over-year to $2.0 million, attributed to declining demand due to increased availability of free Wi-Fi in Southeast Asia [6][12]. - Total operating expenses significantly decreased to $0.5 million from $19.1 million in the same period of 2024, largely due to adjustments related to incentive shares [6][12]. Profitability Metrics - The overall gross profit margin improved to 50.8% in Q3 2025, compared to 27.8% in Q3 2024 [6][12]. - Net income for the third quarter was $3.1 million, a significant turnaround from a net loss of $19.9 million in the same period of 2024 [21][12]. - EBITDA for the quarter was reported at $3.6 million, with Tranglo contributing $1.0 million to this figure [10][12]. Strategic Focus - The company is shifting its focus away from lower-margin airtime transfers to invest in technology-driven financial solutions, particularly in AI [12]. - Management anticipates that the proposed reverse merger with Animoca Brands will enhance long-term value for shareholders [12]. Operational Highlights - The total number of transactions processed through Tranglo increased to 3.0 million in Q3 2025, up from 2.7 million in the same period of 2024 [5]. - The direct payout rate for Tranglo's remittance business slightly increased to 0.13% from 0.12% year-over-year [6]. Company Overview - Currenc Group Inc. is positioned as a fintech pioneer, providing AI solutions to financial institutions globally, aiming to enhance operational efficiency and customer satisfaction [13].