CURRENC Group (CURR) investor relations material

Executive summary

• Revenue for 2025 was $37.8M, down 18.5% year-over-year, driven by declines in airtime and Indonesian retail business, partially offset by 22% growth in remittance revenue from Tranglo.

• Net loss for 2025 was $18.5M, a significant improvement from $38.8M in 2024, mainly due to divestitures and reduced operating expenses.

• EBITDA loss narrowed to $13.2M in 2025 from $26.5M in 2024, reflecting improved cost control and divestiture of loss-making units.

• The company faces substantial doubt about its ability to continue as a going concern due to accumulated deficit of $150M and net capital deficit of $18.6M as of year-end 2025.

Financial highlights

• Remittance revenue (excluding divested units) rose to $22.2M in 2025 from $18.2M in 2024.

• Global airtime revenue declined 15.1% to $7.9M, and Indonesian airtime revenue dropped 46.9% to $7.7M.

• Gross profit increased to $15.4M in 2025 from $14.6M in 2024, despite lower revenue, due to cost reductions.

• Operating expenses fell sharply to $23.4M in 2025 from $42.0M in 2024, mainly due to divestitures and lower share-based compensation.

• Tranglo processed 11.5M remittance transactions ($5.6B value), up 1.0% in volume and 1.2% in value year-over-year.

• Walletku's airtime value dropped 52.5% to $6.9M, despite an increase in customer volume.

Outlook and guidance

• The company is pursuing a merger with Animoca Brands, which would result in Animoca shareholders owning 95% of the combined entity.

• Plans to divest 60% controlling interest in Tranglo for $400M, with $200M payable at closing and $200M due 90 days later, subject to regulatory approvals.

• Strategic focus on expanding AI-driven products and services, including AI data centers and fintech solutions.

• Management continues to seek additional capital and cost controls to address going concern risks.