CURRENC Group (CURR) Q2 2025 earnings summary

Executive summary

• TPV through Tranglo reached $1.46 billion in Q2 2025, up 6.9% year-over-year, with transactions rising to 3.1 million from 2.9 million.

• Remittance revenues (excluding TNG Asia & GEA) grew 8.3% year-over-year to $5.2 million, offsetting a 16.7% decline in global airtime revenue.

• Management is shifting focus from declining airtime transfers to expanding AI product offerings for financial institutions.

Financial highlights

• Total revenues (excluding TNG Asia & GEA) were $8.7 million in Q2 2025, down 10.3% year-over-year due to lower airtime revenues.

• Gross profit margin improved to 37.2% from 34.5% year-over-year.

• Net loss for Q2 2025 was $5.0 million, compared to $3.6 million in Q2 2024.

• EBITDA loss was $3.4 million, with Tranglo and Walletku delivering positive EBITDA of $0.53 million.

• Direct costs of revenue decreased 24.1% year-over-year to $5.5 million.

Outlook and guidance

• Management expects continued decline in airtime transfer demand in Southeast Asia and plans to reallocate resources to AI initiatives.

• New AI businesses are anticipated to contribute incremental revenue and become EBITDA-accretive in the near term.