Treasure Global Inc. Reports First Quarter Fiscal Year 2025 Financial Results
Treasure Global reported Q1 FY2025 financial results showing revenue of $207,371, down from $13.46 million in the prior year's quarter, reflecting a strategic pivot toward high-margin operations. Gross profit improved 6% to $172,172, with margin increasing to 83.0% from 1.2%. Operating loss reduced 58% to $811,677, while net loss narrowed 55% to $950,707. Loss per share improved from $(7.83) to $(0.35). The company, with 2.9 million registered users, continues its transformation focusing on enhancing profitability and streamlining operations through its ZCITY App platform.
Treasure Global ha reso noti i risultati finanziari del primo trimestre dell'anno fiscale 2025, riportando ricavi di $207,371, in calo rispetto ai $13,46 milioni del trimestre dell'anno precedente, a sottolineare una svolta strategica verso operazioni ad alta marginalità. Il profitto lordo è aumentato del 6% a $172,172, con un margine che è passato dall'1,2% all'83,0%. La perdita operativa è stata ridotta del 58% a $811,677, mentre la perdita netta è diminuita del 55% a $950,707. La perdita per azione è migliorata da $(7,83) a $(0,35). L'azienda, con 2,9 milioni di utenti registrati, continua la sua trasformazione concentrandosi sul miglioramento della redditività e sull'ottimizzazione delle operazioni attraverso la sua piattaforma ZCITY App.
Treasure Global reportó los resultados financieros del primer trimestre del año fiscal 2025, mostrando ingresos de $207,371, una disminución respecto a los $13,46 millones del trimestre del año anterior, lo que refleja un giro estratégico hacia operaciones de alta rentabilidad. El beneficio bruto mejoró un 6% hasta $172,172, con un margen que aumentó del 1,2% al 83,0%. La pérdida operativa se redujo un 58% a $811,677, mientras que la pérdida neta se estrechó un 55% a $950,707. La pérdida por acción mejoró de $(7,83) a $(0,35). La compañía, con 2,9 millones de usuarios registrados, continúa su transformación enfocándose en mejorar la rentabilidad y optimizar las operaciones a través de su plataforma ZCITY App.
Treasure Global은 2025 회계연도 1분기 재무 결과를 발표하며 수익이 $207,371로 전년 동기의 $13.46 백만에서 감소했다고 보고했습니다. 이는 고수익성이 높은 운영으로의 전략적 전환을 반영합니다. 총 이익은 6% 증가하여 $172,172에 달했으며, 마진은 1.2%에서 83.0%로 증가했습니다. 운영 손실은 58% 감소하여 $811,677에 이르렀으며, 순손실은 55% 줄어 $950,707로 좁혀졌습니다. 주당 손실은 $(7.83)에서 $(0.35)로 개선되었습니다. 등록 사용자 수 290만 명을 가진 이 회사는 ZCITY 앱 플랫폼을 통해 수익성 향상과 운영 효율화를 지속적으로 추진하고 있습니다.
Treasure Global a annoncé ses résultats financiers du premier trimestre de l'exercice 2025, affichant des revenus de 207 371 $, en baisse par rapport à 13,46 millions $ au trimestre de l'année précédente. Cela reflète un tournant stratégique vers des opérations à forte marge. Le bénéfice brut a augmenté de 6 % pour atteindre 172 172 $, avec une marge passant de 1,2 % à 83,0 %. La perte opérationnelle a été réduite de 58 % pour atteindre 811 677 $, tandis que la perte nette s'est resserrée de 55 % pour s'établir à 950 707 $. La perte par action s'est améliorée de $(7,83) à $(0,35). L'entreprise, qui compte 2,9 millions d'utilisateurs enregistrés, poursuit sa transformation en se concentrant sur l'amélioration de sa rentabilité et la rationalisation de ses opérations via sa plateforme ZCITY App.
Treasure Global hat die finanziellen Ergebnisse für das erste Quartal des Geschäftsjahres 2025 veröffentlicht und berichtet von Einnahmen in Höhe von $207,371, was einem Rückgang von $13,46 Millionen im Vorjahresquartal entspricht und eine strategische Wende hin zu margenstarken Geschäften widerspiegelt. Der Bruttogewinn stieg um 6% auf $172,172, während sich die Marge von 1,2% auf 83,0% verbesserte. Der operative Verlust wurde um 58% auf $811,677 gesenkt, während der Nettoverlust um 55% auf $950,707 verringert wurde. Der Verlust je Aktie verbesserte sich von $(7,83) auf $(0,35). Das Unternehmen, das über 2,9 Millionen registrierte Nutzer verfügt, setzt seine Transformation fort, indem es sich auf die Verbesserung der Rentabilität und die Optimierung der Abläufe über die ZCITY App-Plattform konzentriert.
- Gross profit margin increased significantly from 1.2% to 83.0%
- Operating loss reduced by 58% to $811,677
- Net loss decreased by 55% to $950,707
- Loss per share improved from $(7.83) to $(0.35)
- Revenue declined 98.5% to $207,371 from $13.46 million year-over-year
- Company remains in transitional phase with ongoing operating losses
Insights
The Q1 FY2025 results reveal a dramatic transformation in TGL's business model. The
The substantial reduction in operating loss by
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading e-commerce platform operator, had on November 14, 2024 announced its financial results for the first quarter ended September 30, 2024.
Key Financial Highlights
- Revenue for the first quarter was
$207,371 , compared to$13.46 million for the prior year’s quarter, reflecting the Company’s ongoing pivot toward high-margin business models and deliberate scaling down of low-margin operations. This strategic pivot is expected to benefit long-term revenue quality and stability. - Gross profit improved by
6% to$172,172 , with the gross profit margin soaring to83.0% compared to1.2% in the prior year’s quarter, underscoring the Company’s strategic focus on operational efficiency and high-value revenue streams. - Operating loss reduced by
58% to$811,677 , compared to$1.92 million in the same quarter last year. - Net loss narrowed significantly to
$950,707 , a55% reduction from the prior year’s quarter to$2.13 million , reflecting the Company’s ongoing cost optimization and restructuring initiatives. - Loss per share improved significantly from
$(7.83) in the prior year’s quarter to$(0.35) t his quarter, highlighting substantial progress in financial health.
Management Commentary
“Our strategic realignment continues to progress, with a focus on optimizing operations and pursuing higher-margin activities,” said Carlson Thow, CEO of Treasure Global. “While we navigate a transitional phase reflected in our revenue performance, the steady gross profit margin and narrowing net losses underscore the positive impact of our restructuring efforts. Our focus on targeted efficiencies and the shift to higher-value business streams positions us to seize future opportunities with greater agility. We are committed to refining our operations, positioning the business model against these key elements, and exploring opportunities that align with achieving our long-term goals.”
Operational Updates
Treasure Global’s transformation efforts continue to focus on enhancing core profitability and streamlining its business operations. The improved gross profit margin underscores management's strategic shift toward higher-value revenue streams and better cost management. As part of its restructuring efforts, the Company is actively restructuring its product offerings and business model to align with evolving market demands. This includes exploring strategic partnerships and new ventures to accelerate its transition to a more resilient and sustainable growth trajectory.
Business Outlook
Treasure Global anticipates that the next quarter will continue to reflect the transitional phase of its operations as the Company remains committed to prioritizing cost efficiencies and focusing on higher-margin business lines. Management is dedicated to executing its strategic realignment with an emphasis on long-term profitability and sustainability. With over 2.9 million registered users, the Company aims to enhance the functionality of the ZCITY App and introduce innovative features to drive user engagement, leveraging its strengths to capture market opportunities in Malaysia and Southeast Asia. While revenue remains reflective of this transition, the Company will focus on meeting key operational milestones to build a stronger foundation for future growth.
In addition to its core e-commerce platform, Treasure Global is actively exploring other initiatives to drive growth and diversification. These efforts are expected to further strengthen Treasure Global's market position and support its transition to a more robust and enduring growth path.
About Treasure Global Inc:
Treasure Global is a leading Malaysian solutions provider developing innovative technology platforms. The Company operates the ZCITY Super App, a unique digital ecosystem designed to simplify e-payment experiences while rewarding consumers. As of November 14, 2024, ZCITY boasts over 2.9 million registered users.
For more information, please visit: https://treasureglobal.co
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company’s current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” or similar expressions.
Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to expand its e-commerce platform, customer acceptance of new products and services, changes in economic conditions affecting its operations, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. These risks, along with other factors, are discussed in more detail in the Company’s filings with the U.S. Securities and Exchange Commission.
The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
CONTACT
Investor and media contact:
Chin Sook Lee
Chief Financial Officer
Treasure Global Inc.
ir_us@treasuregroup.co
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