Banxa Reports December Quarter Financial Results
Banxa Holdings Inc. (BNXAF) has released its Q2 FY2025 financial results for the period ended December 31st, 2024. The company reported a 10% decrease in Total Transaction Volume (TTV) to $217 million, attributed to increased competition, partner churn, and low exposure to Solana-based memecoins.
Despite lower volumes, the company achieved a 6% increase in Gross Profit to $7.0 million through strategic cost optimization and pricing strategies. The Net Take Rate improved to 3.0% from 2.6%. Adjusted EBITDA turned positive at $0.1 million, compared to a previous loss of $0.7 million, driven by improved NTR, integration revenue, and reduced operating expenses.
The company's cash position, including Trade Receivables and Crypto Inventories, strengthened to $13.5 million, up from $11.1 million in September 2024. Notable achievements include the launch of U.S. Money Transmission Licenses, UK market entry, and submission of European Markets in Crypto Assets license application.
Banxa Holdings Inc. (BNXAF) ha pubblicato i risultati finanziari per il secondo trimestre dell'anno fiscale 2025 per il periodo conclusosi il 31 dicembre 2024. L'azienda ha registrato un decremento del 10% nel Volume Totale delle Transazioni (TTV) a 217 milioni di dollari, attribuito all'aumento della concorrenza, al turnover dei partner e alla bassa esposizione ai memecoins basati su Solana.
Nonostante i volumi più bassi, l'azienda ha ottenuto un aumento del 6% nel Profitto Lordo a 7,0 milioni di dollari grazie a strategie di ottimizzazione dei costi e di pricing. Il Tasso di Prelievo Netto è migliorato al 3,0% rispetto al 2,6%. L'EBITDA rettificato è diventato positivo a 0,1 milioni di dollari, rispetto a una perdita precedente di 0,7 milioni di dollari, grazie al miglioramento del NTR, ai ricavi da integrazione e alla riduzione delle spese operative.
La posizione di liquidità dell'azienda, inclusi i Crediti Commerciali e le Scorte di Cripto, è migliorata a 13,5 milioni di dollari, rispetto agli 11,1 milioni di dollari di settembre 2024. Tra i risultati notevoli si annoverano il lancio delle Licenze di Trasmissione di Denaro negli Stati Uniti, l'ingresso nel mercato del Regno Unito e la presentazione della domanda per la licenza europea sui Mercati delle Cripto Attività.
Banxa Holdings Inc. (BNXAF) ha publicado sus resultados financieros del segundo trimestre del año fiscal 2025 para el período que finalizó el 31 de diciembre de 2024. La compañía reportó una disminución del 10% en el Volumen Total de Transacciones (TTV) a 217 millones de dólares, atribuida al aumento de la competencia, la rotación de socios y la baja exposición a los memecoins basados en Solana.
A pesar de los volúmenes más bajos, la empresa logró un aumento del 6% en la Ganancia Bruta a 7,0 millones de dólares mediante la optimización estratégica de costos y estrategias de precios. La Tasa de Toma Neta mejoró al 3,0% desde el 2,6%. El EBITDA ajustado se volvió positivo en 0,1 millones de dólares, en comparación con una pérdida anterior de 0,7 millones de dólares, impulsado por la mejora del NTR, los ingresos por integración y la reducción de los gastos operativos.
La posición de efectivo de la compañía, incluidos los Cuentas por Cobrar Comerciales y los Inventarios de Cripto, se fortaleció a 13,5 millones de dólares, frente a los 11,1 millones de dólares en septiembre de 2024. Los logros notables incluyen el lanzamiento de Licencias de Transmisión de Dinero en EE. UU., la entrada al mercado del Reino Unido y la presentación de la solicitud de licencia de Mercados Europeos en Cripto Activos.
Banxa Holdings Inc. (BNXAF)는 2024년 12월 31일 종료된 기간에 대한 2025 회계연도 2분기 재무 결과를 발표했습니다. 회사는 총 거래량(TTV)이 10% 감소하여 2억 1700만 달러에 달했다고 보고했으며, 이는 경쟁 심화, 파트너 이탈 및 솔라나 기반의 밈코인에 대한 낮은 노출 때문입니다.
거래량이 감소했음에도 불구하고, 회사는 전략적 비용 최적화 및 가격 전략을 통해 총 이익이 6% 증가하여 700만 달러에 달했습니다. 순 수수료율은 2.6%에서 3.0%로 개선되었습니다. 조정된 EBITDA는 70만 달러의 이전 손실에서 10만 달러의 긍정적인 수치로 전환되었으며, 이는 NTR 개선, 통합 수익 및 운영 비용 절감에 기인합니다.
회사의 현금 위치는 상업 채권 및 암호화폐 재고를 포함하여 2024년 9월의 1110만 달러에서 1350만 달러로 강화되었습니다. 주목할 만한 성과로는 미국 송금 라이센스 출시, 영국 시장 진출, 유럽 암호 자산 시장 라이센스 신청 제출이 있습니다.
Banxa Holdings Inc. (BNXAF) a publié ses résultats financiers pour le deuxième trimestre de l'exercice 2025 pour la période se terminant le 31 décembre 2024. L'entreprise a rapporté une baisse de 10 % du Volume Total des Transactions (TTV) à 217 millions de dollars, attribuée à une concurrence accrue, au turnover des partenaires et à une faible exposition aux memecoins basés sur Solana.
Malgré des volumes plus faibles, l'entreprise a réalisé une augmentation de 6 % du Bénéfice Brut à 7,0 millions de dollars grâce à une optimisation stratégique des coûts et des stratégies de tarification. Le Taux de Prise Net a amélioré à 3,0 % contre 2,6 %. L'EBITDA ajusté est devenu positif à 0,1 million de dollars, par rapport à une perte précédente de 0,7 million de dollars, grâce à l'amélioration du NTR, des revenus d'intégration et à la réduction des dépenses d'exploitation.
La position de trésorerie de l'entreprise, y compris les Créances Commerciales et les Stocks de Cryptomonnaies, s'est renforcée à 13,5 millions de dollars, contre 11,1 millions de dollars en septembre 2024. Parmi les réalisations notables, on trouve le lancement de Licences de Transmission d'Argent aux États-Unis, l'entrée sur le marché britannique et la soumission de la demande de licence pour les Marchés Européens des Actifs Cryptographiques.
Banxa Holdings Inc. (BNXAF) hat die Finanzzahlen für das zweite Quartal des Geschäftsjahres 2025 für den Zeitraum zum 31. Dezember 2024 veröffentlicht. Das Unternehmen berichtete von einem Rückgang des Gesamttransaktionsvolumens (TTV) um 10% auf 217 Millionen Dollar, was auf zunehmenden Wettbewerb, Partnerwechsel und eine geringe Exposition gegenüber Solana-basierten Memecoins zurückzuführen ist.
Trotz der niedrigeren Volumina erzielte das Unternehmen einen Anstieg des Bruttogewinns um 6% auf 7,0 Millionen Dollar durch strategische Kostenoptimierung und Preisstrategien. Die Nettoentnahmequote verbesserte sich von 2,6% auf 3,0%. Das bereinigte EBITDA wurde mit 0,1 Millionen Dollar positiv, verglichen mit einem vorherigen Verlust von 0,7 Millionen Dollar, angetrieben durch verbesserte NTR, Integrationsumsätze und reduzierte Betriebskosten.
Die Liquiditätslage des Unternehmens, einschließlich Handelsforderungen und Krypto-Inventaren, verbesserte sich auf 13,5 Millionen Dollar, verglichen mit 11,1 Millionen Dollar im September 2024. Zu den bemerkenswerten Erfolgen gehören die Einführung von US-Geldübertragungs-Lizenzen, der Markteintritt in das Vereinigte Königreich und die Einreichung des Antrags auf eine Lizenz für europäische Märkte für Krypto-Assets.
- Gross profit increased 6% to $7.0M
- Net Take Rate improved to 3.0% from 2.6%
- Adjusted EBITDA turned positive to $0.1M from -$0.7M loss
- Cash position strengthened to $13.5M from $11.1M
- Successful regulatory expansion in US and UK markets
- TTV decreased 10% to $217M
- Loss of partnership affecting volume
- Net loss per share increased to -$0.03 from -$0.02
- Increased competitive pressure affecting performance
Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa'' or the "Company") is pleased to report the unaudited financial results for the second quarter of fiscal year 2025, being the period ended December 31st, 2024 ("Q2"). The full results including Management Discussion & Analysis ("MD&A") are available on SEDAR.
DECEMBER QUARTER FINANCIAL HIGHLIGHTS
(Figures are in AUD and all comparisons are relative to the three-month period ended December 31st, 2023, unless otherwise stated)
10% decrease in Total Transaction Volume ("TTV") to$217 million (USD$141 million ), down from$242 million (USD$157 million ), driven by increased competition, churn of a partner and low exposure to the Solana chain based memecoins6% increase in Gross Profit to$7.0 million (USD$4.5 million ), up from$6.6 million (USD$4.3 million ), due to growth in Net Take Rate ("NTR") and integration services revenue, this was achieved through strategically optimising our transaction costs and pricing, despite greater competition, together with focusing on closing new integration revenue deals across the quarter- Gross Profit on TTV, excluding integration revenue*, remained flat, at
$6.4 million (USD$4.2 million )
- Gross Profit on TTV, excluding integration revenue*, remained flat, at
- NTR increased to
3.0% from2.6% due to a focused approach on optimizing pricing strategies and transaction costs - Adjusted EBITDA increased by
$0.8 million (USD$0.5 million ) to$0.1 million (USD$0.05 million ), compared to a loss of ($0.7 million ) (USD ($0.5 million )), due to improved NTR, integration revenue, reduced operating expenses, specifically in legal & compliance costs49% improvement in Adjusted EBITDA on TTV, excludes integration revenue*, to ($0.5 million ) (USD ($0.3 million )), up from ($0.9 million ) (USD ($0.6 million ))
- Net loss per share on a basic and diluted basis to (
$0.03) (USD ($0.02) ) compared to ($0.02) (USD ($0.01) ) - Cash, Trade Receivables** and Crypto Inventories at
$13.5 million (USD$8.7 million ), up from$11.1 million (USD$7.2 million ) as of September 30th, 2024 due to increase in short term debt and improved adjusted EBITDA performance
*Integration revenue consists of coin and chain listings and does not have any costs attributed to it
**Trade Receivables primarily consists of funds with large payment service providers (e.g., Worldpay), from credit card transactions, that are settled in 2 to 4 days
Zafer Qureshi, Executive Director and Co-CEO, commented: "The December quarter was a critical period with the completion of key projects - launch of the U.S. Money Transmission Licenses, UK market Go-Live, and lodging of the European Markets in Crypto Assets license application. Despite the softer volumes, the team achieved strong Adj. EBITDA. Banxa's continued investment in its infrastructure and tech platform has positioned Banxa as the premier infrastructure platform that is opening up new use cases, such as crossborder payments, expanding the total addressable market."
ADJUSTED EBITDA DEFINITION
Adjusted EBITDA is a non-IFRS financial measure that we calculate as net profit before tax excluding depreciation and amortization expense, share based compensation expense, unrealized loss on inventory, finance expense, realized/unrealized gain on fair value of deposits & derivative liability, (gain)/loss on fair value of derivative, unrealised exchange (gain)/loss, (gain)/loss on sale of capital asset and listing expenses. Adjusted EBITDA is used by management to understand and evaluate the performance and trends of the Company's operations.
MARKETING ENGAGEMENT
In 2023, Banxa had engaged an IR marketing firm, Outside the Box Capital, to provide certain IR marketing services. Per the terms of the agreement, it was formally terminated in September 2023 and no options were due or granted.
ABOUT BANXA HOLDINGS INC.
Banxa is the leading infrastructure provider for enabling embedded crypto - empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the USA, Europe, and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets. For further information visit www.banxa.com.
CONTACTS
Investors:
Zafer Qureshi
investors@banxa.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ENDS
ON BEHALF OF THE BOARD OF DIRECTOR
Per: "Zafer Qureshi"
Zafer Qureshi, Executive Director and co-Chief Executive Officer, +1-888-332-2692
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may be identified by statements including words such as: "anticipate," "intend," "plan," "budget," "believe," "project," "estimate," "expect," "scheduled," "forecast," "strategy," "future," "likely," "may," "to be," "could,", "would," "should," "will" and similar references to future periods or the negative or comparable terminology, as well as terms usually used in the future and the conditional.
Statements including forward-looking information may include, without limitation, statements regarding the future prospects of the Company and other statements that are not material facts. Forward-looking information is based on assumptions that may prove to be incorrect. The Company considers such assumptions to be reasonable in the circumstances. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. By its nature, forward-looking information involves known and unknown risks, uncertainties, changes in circumstances and other factors that are difficult to predict and many of which are outside of the Company's control which may cause actual results to differ materially from any future or potential results expressed or implied by such forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243041
FAQ
What caused the 10% decrease in Banxa's (BNXAF) transaction volume in Q2 2025?
How did Banxa (BNXAF) improve its gross profit despite lower transaction volumes?
What is Banxa's (BNXAF) current Net Take Rate and how has it changed?
What key regulatory milestones did Banxa (BNXAF) achieve in Q2 2025?
