Amber International (AMBR) investor relations material

Executive summary

• Fiscal year 2025 marked a pivotal transformation with revenue surging 784.1% year-over-year to $66.1 million, achieving first-time profitability and a $27.9 million turnaround from 2024 results.

• Gross margin expanded to 74.8% from 33.4% in 2024, with adjusted EBITDA of $4.7 million and net income from continuing operations of $4.7 million, reversing a $23.3 million loss.

• Amber Premium segment revenue surged 572.1% to $50.2 million, and cumulative KYC'ed users surpassed 1.3 million, up 16.7% year-over-year.

• Major regulatory milestones included securing a VARA VASP license in Dubai in April 2026, expanding regulated access to the UAE and MENA region.

• Strategic focus on AI-native financial services, with the launch of the A-Suite operating system and integration of in-house AI agent MIA across business segments.

Financial highlights

• Q4 2025 revenue was $16.3 million, a 240.6% increase from Q4 2024, with gross profit of $12.1 million at a 74.2% margin.

• Full-year gross profit reached $49.4 million at a 74.8% margin, compared to $2.5 million at 33.4% in 2024.

• Adjusted net income from continuing operations was $4.9 million for FY2025, compared to a loss of $5.4 million in FY2024.

• Cash and equivalents rose to $33.9 million as of December 31, 2025, up from $9.3 million a year earlier.

• Total equity grew 270% to $110.3 million, with zero bank debt.

Outlook and guidance

• Q1 2026 Amber Premium segment revenue projected at $5.1–$5.6 million, reflecting continued market softness and strategic client base optimization.

• Focus on high-value, compliant client relationships and disciplined cost management to drive operating leverage.

• Continued investment in AI-native platform architecture and regulatory expansion expected to support long-term growth.