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Jun 30, 2025
InFinT Q2 2025 Earnings Report
InFinT (Currenc Group) reported Q2 2025 revenue of $8.71M, driven by growth in Tranglo remittances despite declines in airtime services, and a net loss of $4.66M.
Key Takeaways
Revenue for Q2 2025 was $8.71M, down 20.8% YoY, as higher Tranglo remittance volumes offset declines in global and Indonesian airtime revenues. Tranglo's TPV rose to $1.46B, up 6.9% YoY, with an improved take rate of 0.36%. Net loss attributable to shareholders was $4.66M, or $0.10 per share. Gross margin expanded to 37.2%, but operating expenses rose due to one-time de-SPAC incentive share costs and AI development investments.
Tranglo TPV reached $1.46B, up 6.9% YoY, with take rate improving to 0.36%.
Remittance revenue excluding TNG Asia & GEA grew 8.3% YoY to $5.23M.
Gross margin increased to 37.2%, up from 34.5% in Q2 2024.
Net loss was $4.66M, impacted by $2.2M de-SPAC incentive share expense and $1.0M AI initiative investment.
Revenue by Segment
Forward Guidance
Management aims to grow remittance volumes, expand AI-driven product offerings, and optimize the revenue mix, expecting AI businesses to contribute incremental revenue and become EBITDA-accretive in the near term.
Positive Outlook
- Focus on scaling AI product offerings for financial institutions.
- Expanding remittance reach to new high-volume corridors.
- Improved cost efficiency in Tranglo with steady payout rate at 0.14%.
- Gross margin expansion from 34.5% to 37.2% YoY.
- Positive EBITDA from Tranglo and WalletKu combined ($0.53M).
Challenges Ahead
- Decline in airtime business due to increased free Wi-Fi availability in key markets.
- Rising operating expenses from incentive share grants and AI investments.
- Net losses continue despite positive EBITDA from operational units.
- Competitive pressures in the digital remittance market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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