Core Insights - Currency Exchange International, Corp. (CXI) reported a net income of $1.98 million for Q2 2025, a 291% increase year-over-year, driven by $2.7 million from continuing operations despite a $0.7 million loss from its discontinued subsidiary, Exchange Bank of Canada [1][2][10] - Adjusted net income rose by 18% compared to the previous year, with adjusted diluted earnings per share (EPS) increasing by 24% [1][2][10] - The company experienced a 3% decline in total revenue due to reduced consumer demand for foreign currency as travel activity decreased, although net income increased due to favorable currency revaluation [2][10] Financial Performance - Reported EBITDA for Q2 2025 was $4.9 million, up 10% year-over-year, while adjusted EBITDA was $5.1 million, reflecting a 15% increase [2][10] - For the six-month period ending April 30, 2025, total revenue was $31.3 million, a 3% increase from $30.5 million, with payments revenue up 11% [10][11] - The company maintained a strong financial position with total equity of $81.2 million and net working capital of $60.4 million as of April 30, 2025 [2][10] Strategic Developments - CXI announced the cessation of operations for its subsidiary, Exchange Bank of Canada, with plans to apply for discontinuance under the Bank Act in Q4 2025 [3][4] - The restructuring plan is expected to result in approximately $3 million in annualized costs after tax, which will be fully borne by continuing operations [4] - The company upgraded its U.S. securities listing to the OTCQX Best Market under the symbol CURN on May 20, 2025 [5] Market Position and Growth - CXI continued to expand its direct-to-consumer market presence, adding 124 new clients in the banknotes sector during Q2 2025 [13] - The payments product line saw growth due to investments in core banking platform integrations, processing 45,788 payment transactions in Q2 2025, an increase from 37,781 in the prior period [13] - The company’s diversified business model in the U.S. supports ongoing client growth in the payments sector, despite challenges in banknote revenues due to decreased international travel [6][10]

TORONTO, June 04, 2025 (GLOBE NEWSWIRE) -- Currency Exchange International, Corp. (the “Company”) (TSX: CXI; OTCQX: CURN), will report its financial results for the Second Quarter of 2025 (ended April 30, 2025) after-market close on Wednesday, June 11, 2025. Following the release, Currency Exchange International Corp. will host an earnings conference call with management on Thursday, June 12, 2025 at 8:30 a.m. EST, in which they will discuss these recent financial and operational results. CXI Second Quarter ...

TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Currency Exchange International Corp. (TSX: CXI; OTCQX: CURN) (the "Company" or the "Group"), a leader in comprehensive foreign exchange technology and processing services is pleased to announce that, effective today, the Company's common shares will commence trading on the OTCQX® Best Market ("OTCQX") under the symbol CURN. Currency Exchange International Corp upgraded to the OTCQX from the Pink® market. Currency Exchange International Corp. will maintain its prima ...

Core Viewpoint - FirstCash is strategically entering the UK market by acquiring H&T Group plc, enhancing its geographic diversification and growth opportunities while strengthening its position as a global leader in pawn operations [1][2][3]. Group 1: Acquisition Details - FirstCash will pay 650 pence per share for H&T, totaling approximately £297 million or $394 million USD, including a final dividend of 11 pence per share [1]. - The acquisition has been unanimously approved by the Boards of Directors of both companies and is subject to H&T's shareholder approval and regulatory approvals in the UK [5]. Group 2: Strategic and Financial Benefits - The acquisition expands FirstCash's geographic footprint into the UK, creating the largest publicly traded pawn platform across the U.S., Latin America, and the UK [2][6]. - H&T's established brand and network of 285 stores will enhance FirstCash's scale and operational efficiencies, unlocking further growth opportunities in the UK and potentially other European markets [6]. - The transaction is expected to be meaningfully accretive to EBITDA and EPS, strengthening FirstCash's financial profile and long-term shareholder value [6]. Group 3: Leadership and Management - H&T's experienced management team will provide local expertise, positioning FirstCash to drive strong execution and continued momentum in the UK market [6].