High-Frequency Users on ZCITY Surge to 70%, ARPU Grows SevenfoldKUALA LUMPUR, Malaysia, March 26, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced record engagement and monetization on its ZCITY Super App platform, alongside a strategic redevelopment of its TAZTE platform to strengthen its digital ecosystem. ZCITY Delivers Record Engagement and MonetizationFor the quarter ended December 2025: High- ...

Core Insights - Treasure Global Inc. has been recognized for its leadership in fintech innovation and digital platform development, receiving the ASEAN Fintech Icon Award at the 2nd ASEAN Banking & Finance Summit 2026 [1][5] - The summit focused on the evolving role of financial institutions and fintech companies in enhancing economic resilience and advancing financial inclusion across the ASEAN region [2] Company Overview - Treasure Global is a technology solutions provider based in Malaysia, specializing in platforms that drive digital transformation in retail and services [8] - The company's flagship product, the ZCITY Super App, integrates e-payment solutions with customer loyalty rewards, boasting 2.71 million registered users as of December 2025 [8] Strategic Initiatives - The company is expanding its technology ecosystem through platforms like ZCITY, which combines digital payment solutions and customer engagement features [6] - Treasure Global aims to contribute to discussions on stronger digital infrastructure and improved user experiences in the financial and commercial ecosystem [7] Leadership Engagement - CEO Carlson Thow participated in a leadership panel discussing trust, governance, and talent development within financial institutions, highlighting the importance of adapting to technological changes and global economic dynamics [3]

Core Insights - Treasure Global Inc. reported significant financial progress in Q2 FY2026, with revenue reaching USD 1.08 million, up from USD 0.30 million in Q2 FY2025, driven by growth in gift-card transactions on the ZCITY platform [9] - The company experienced a net loss of USD 3.11 million, compared to a loss of USD 0.23 million in the same quarter last year, although this was partially offset by favorable fair-value adjustments [9] - Cash and cash equivalents increased to USD 5.45 million from USD 0.24 million as of June 30, 2025, supported by financing activities [9] Financial Highlights - Revenue for Q2 FY2026 was USD 1.08 million, a significant increase from USD 0.30 million in Q2 FY2025 [9] - Net loss was USD 3.11 million, compared to USD 0.23 million in Q2 FY2025 [9] - Loss per share improved to USD (3.47) from USD (11.32) in Q2 FY2025 [9] - Cash and cash equivalents rose to USD 5.45 million from USD 0.24 million as of June 30, 2025 [9] Management Commentary - The CEO highlighted the company's progress in strengthening its financial position and advancing technology initiatives [3] - Emphasis was placed on enhancing digital commerce capabilities and expanding higher-value opportunities within the ecosystem [3] - The company is focused on sustainable growth and scaling operations across Southeast Asia [3] Operational Updates - Treasure Global is enhancing its digital commerce ecosystem, particularly through the ZCITY platform [4] - The company is improving product development processes and operational efficiency while expanding merchant partnerships [5] - These efforts aim to diversify revenue streams and strengthen the company's position in Southeast Asia's digital economy [5] Business Outlook - The company plans to continue developing the OXI Wallet initiative, which supports its long-term fintech strategy [6] - OXI Wallet is expected to expand digital asset capabilities and create new revenue opportunities [6] - The company remains committed to optimizing its business model and enhancing operational efficiency [7]

Core Insights - Treasure Global Inc. has concluded its equity line facility with Alumni Capital LP, resulting in no further dilution for the company [1][3] - The equity line facility, established under a Purchase Agreement, provided discretionary access to equity financing until December 31, 2025 [2] - The completion of the facility allows the company to focus on scaling its OXI Wallet and advancing its UNIRWA real-world-asset initiatives without additional financial obligations [4] Company Overview - Treasure Global is a technology solutions provider based in Malaysia, specializing in platforms that drive digital transformation in retail and services [5] - The company's flagship product, the ZCITY Super App, integrates e-payment solutions with customer loyalty rewards, boasting over 2.7 million registered users as of June 2025 [5] - The company leverages advanced technologies such as artificial intelligence and data analytics to enhance its capabilities across e-commerce and fintech sectors [5]

Core Insights - Treasure Global Inc. has regained compliance with Nasdaq's minimum bid price requirement, allowing its common stock to continue being listed and actively traded on the Nasdaq Stock Market without interruption [1][2][3] 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 integrates e-payment solutions and customer loyalty rewards [3] - As of June 2025, ZCITY has attracted over 2.7 million registered users, establishing Treasure Global as a significant player in Malaysia's digital economy [3] Strategic Positioning - The CEO of Treasure Global expressed satisfaction with the company's compliance status, indicating that the resolution of the listing matter positions the company to execute its strategic plans and focus on long-term shareholder value [3]

Core Viewpoint - Treasure Global Inc. has successfully closed a registered direct offering, raising a total of USD 2,500,000 through the sale of 250,000 shares of its common stock [1]. Group 1: Offering Details - The offering was facilitated by D. Boral Capital LLC, which acted as the exclusive placement agent [2]. - The offering was conducted under the Company's shelf Registration Statement on Form S-3, which was declared effective on March 29, 2024 [3]. Group 2: 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 June 2025 [5]. - The company utilizes advanced technologies such as artificial intelligence and data analytics to enhance its platform across various sectors, including e-commerce and fintech [5].

Core Insights - Treasure Global Inc. has successfully closed a registered direct offering, raising a total of USD 2,500,000 through the sale of 250,000 shares of common stock [1][2]. Company Overview - Treasure Global is a technology solutions provider based in Malaysia, focusing on digital transformation in retail and services [5]. - The company's flagship product, the ZCITY Super App, integrates e-payment solutions with customer loyalty rewards, enhancing the online-to-offline user experience [5]. - As of June 2025, ZCITY has over 2.7 million registered users, establishing Treasure Global as a significant player in Malaysia's digital economy [5]. - The company utilizes advanced technologies such as artificial intelligence and data analytics to improve its platform across various sectors, including e-commerce and fintech [5]. Offering Details - The offering was conducted under the Company's shelf Registration Statement on Form S-3, which was filed with the U.S. Securities and Exchange Commission and became effective on March 29, 2024 [3]. - D. Boral Capital LLC served as the exclusive placement agent for this offering [2].

Core Insights - Treasure Global Inc. has accelerated the launch of its OXI wallet, originally scheduled for 1H 2026, and has secured its first corporate client, Legacy Trustee Berhad, which purchased 1,000 Visa cards, generating USD 120,000 in confirmed revenue [1][5] - The OXI wallet aims to onboard 100,000 users by the end of the first year, potentially generating over USD 100 million in total revenue, indicating a 100x growth potential [2][4] - The company has entered into heads of terms for acquiring a 51% equity interest in Quarters Elite Advisory Sdn. Bhd., which manages approximately USD 150 million in client assets, enhancing its distribution capabilities [3][5] Company Strategy - The early launch of OXI wallet and the acquisition of Quarters Elite are part of the company's growth strategy to improve market penetration and accelerate corporate client onboarding [3][5] - OXI wallet supports major blockchain networks and adheres to international KYC and AML standards, featuring an AI-powered portfolio assistant for personalized insights [5][6] - The company expects OXI wallet to contribute significantly to its long-term digital asset strategy, including opportunities in payments, asset tokenization, and broader blockchain-enabled financial services [6] Market Position - Treasure Global is positioned as a key player in Malaysia's digital economy, with its flagship product, the ZCITY Super App, attracting over 2.7 million registered users as of June 2025 [7] - The combination of Legacy Trustee Berhad's reach and Quarters Elite's advisor network is expected to enhance the onboarding of OXI wallet users and generate substantial revenue [4][5]

Core Viewpoint - Treasure Global Inc. has announced a registered direct offering of 250,000 shares of its common stock, raising gross proceeds of USD 2,500,000, with the closing expected around December 11, 2025 [1]. Group 1: Offering Details - The offering involves the sale of 250,000 shares at a par value of $0.00001 per share, generating gross proceeds of USD 2,500,000 before commissions and expenses [1]. - D. Boral Capital LLC is acting as the exclusive placement agent for this offering [2]. - The offering is conducted under the Company's shelf Registration Statement on Form S-3, which was declared effective on March 29, 2024 [3]. Group 2: 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 June 2025 [5]. - The company utilizes advanced technologies such as artificial intelligence and data analytics to enhance its platform across various sectors, including e-commerce and fintech [5].

Core Insights - Treasure Global Inc. has updated its full-year 2026 revenue target to approximately USD 3 million, reflecting a projected revenue increase of over 1,500% for the remainder of 2026 compared to Q1 2026 revenues of USD 182,527, driven by the adoption of its fintech and digital asset ecosystem [1][2][9] Revenue Growth Drivers - The updated revenue target is a significant increase from the previous target of approximately USD 1 million announced on December 1, 2025, due to a strengthened capital plan and increased visibility into the commercialization of the OXI wallet and other initiatives [2] - The OXI wallet is set for a market launch in the first half of 2026, expected to manage up to USD 10 billion in user-held digital assets in its first year, generating revenue from various fee-based services [4] - Treasure Global has secured an exclusive partnership to manage 200 million UNIRWA tokens, which could represent up to USD 100 million in underlying assets, contributing to revenue through management and transaction fees [5] - The proposed acquisition of a 51% equity interest in Quarters Elite, managing approximately USD 150 million in client assets, is expected to enhance distribution channels and support recurring revenue streams [6][7] Strategic Initiatives - The combination of the OXI wallet, UNIRWA token initiative, and Quarters Elite acquisition aims to create a connected fintech and digital asset ecosystem, driving revenue growth and diversifying the company's income base [7] - Management emphasizes the scalability and earnings potential of the evolving ecosystem, with a focus on disciplined execution and sustainable growth [8][9] Operational Enhancements - A recent 1-for-20 reverse stock split has been completed to strengthen the per-share price and align with Nasdaq listing requirements, part of ongoing efforts to optimize capital structure [3] - The company is committed to operational efficiency and strategic expansion across fintech and e-commerce verticals to achieve its updated revenue targets [9]