CURRENC Group (CURR) Q4 2025 earnings summary

Executive summary

• Achieved strategic transformation by launching AI products, exiting lower-margin businesses, and announcing a proposed merger with Animoca Brands to form a diversified digital assets conglomerate.

• Divested TNG Asia and GEA, focusing on Tranglo (remittance, airtime) and WalletKu (local airtime) as core businesses.

• Converted $54.6 million in related party loans to equity, strengthening the balance sheet and aligning leadership with shareholders.

Financial highlights

• FY2025 total revenue (excluding TNG Asia & GEA) was $37.8 million, down 10.3% year-over-year due to declines in airtime revenue.

• Remittance revenue from Tranglo rose 22% year-over-year to $22.2 million, driven by increased TPV.

• Global airtime transfer revenue fell 14.9% year-over-year to $7.9 million, reflecting market shifts in Southeast Asia.

• Gross profit increased to $15.4 million (margin 40.8%) from $14.6 million (margin 31.4%) year-over-year.

• Net loss was $18.5 million, primarily due to $20.5 million in headquarter expenses and adjustments.

• EBITDA loss totaled $13.2 million; Tranglo and WalletKu combined delivered positive EBITDA of $2.6 million.

Outlook and guidance

• Priorities for 2026 include scaling AI revenue, completing the $400 million Tranglo divestment, advancing the Animoca merger, and building a higher-margin business mix.

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