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Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025
Globenewswire· 2025-07-12 02:00
Core Insights - Diginex Limited reported a transformative fiscal year ending March 31, 2025, highlighted by a 57% increase in revenues and the successful completion of its IPO in January 2025 [4][5][17] - The company signed strategic agreements with professional firms to enhance future revenues and client acquisition, while also introducing AI-powered compliance solutions [4][5] - Diginex is pursuing a dual listing on the Abu Dhabi Securities Exchange to increase exposure to investors and support sustainable finance initiatives in the GCC region [4][5] Financial Performance - Total revenue for the fiscal year increased by 57% to $2.0 million, driven primarily by software subscriptions and license fees [5][8] - The net loss for the fiscal year was $5.2 million, an increase of $0.3 million compared to the previous year's loss of $4.9 million [5][24] - General and administrative expenses rose to $10.3 million, primarily due to IPO-related professional fees and share-based payments [13][24] Revenue Breakdown - Revenue from subscription and license fees increased significantly to $1.3 million from $0.4 million, while advisory fees rose modestly to $0.3 million [7][9] - Customization fees decreased to $0.4 million from $0.7 million, reflecting a strategic shift towards core product development [10][11] Balance Sheet Highlights - As of March 31, 2025, Diginex reported net assets of $4.6 million, a significant improvement from net liabilities of $23.0 million the previous year [15][23] - The company's cash position improved to $3.1 million from $0.1 million at the end of the prior fiscal year [15][23] Strategic Initiatives - Diginex signed memoranda of understanding to acquire Resulticks Group Companies and Matter DK ApS, aimed at enhancing its technology and data capabilities [5][6] - The planned acquisitions are expected to expand Diginex's AI-driven data management and sustainability analytics capabilities [6][17]
Diginex's AI-Driven Enhancements Poised to Accelerate Customer Adoption and Drive Revenue Growth
Globenewswire· 2025-06-30 11:30
Core Insights - Diginex Limited has received additional government funding to enhance its AI-powered compliance solutions aimed at helping companies meet sustainability disclosure requirements [1][3] - The upgraded AI functionality is expected to accelerate customer adoption and contribute to revenue growth, with the global market for ESG reporting software projected to grow from over $1.3 billion in 2023 to over $5.6 billion by 2029, at a CAGR of 26% [2] - Diginex's diginexESG platform supports 17 global frameworks, providing end-to-end support for ESG reporting [6] Company Developments - Diginex has signed a Memorandum of Understanding for the strategic acquisition of Resulticks Global Companies Pte. Limited for $2 billion, aimed at enhancing AI and data management capabilities [4] - The company has entered into strategic alliances with firms like Forvis Mazars, Russell Bedford International, and Baker Tilly Singapore to expand the distribution of its platforms [4] - Diginex has received recognition from the Hong Kong Monetary Authority for its innovative fintech projects, building on previous awards and selections [3][4] Market Position - Diginex is well-positioned to capture the growing demand for sustainable finance solutions by combining its platform with blockchain, machine learning, and data analytics [2] - The company's focus on AI-driven innovation in ESG reporting is validated by recognition from regulatory authorities, emphasizing its commitment to democratizing sustainability compliance [4]