Treasure Global reported Q3 2025 financial results, showing significant profits and strategic shifts despite decreased revenue.
Quiver AI Summary
Treasure Global Inc., an e-commerce platform operator, reported its third-quarter financial results for the period ending March 31, 2025. The company recorded a revenue of $0.67 million, a 58% decrease from the previous year, but a substantial 121% increase compared to the previous quarter. Gross profit was $0.49 million, showing a significant year-over-year increase of 41%, and the operating loss was reduced to $43 thousand from $1.37 million the previous year. Notably, net income was $1.26 million, a major turnaround from a net loss of $1.71 million in the same quarter the prior year. The company attributed this improvement to a strategic shift towards higher-margin operations and disciplined cost management. Moving forward, Treasure Global aims to continue expanding its offerings and enhancing its digital capabilities, including a partnership to launch a digital coupon management platform and an acquisition of a 51% stake in a logistics company to strengthen its supply chain.
Potential Positives
- Net income of $1.26 million represents a significant turnaround from a net loss of $1.71 million in the prior-year quarter, highlighting improved profitability.
- Earnings per share (EPS) of $1.09 shows a remarkable improvement from a loss per share of $116.03 in the same quarter of fiscal year 2024.
- The gross profit margin increased to 73%, up from 14% in the prior-year quarter, indicating a shift towards higher-margin operations.
- The introduction of a new revenue stream in enterprise software development expands the company's offerings and client base, enhancing growth potential.
Potential Negatives
- Revenue for the third quarter decreased by 58% year-over-year, which may indicate challenges in sustaining sales momentum.
- The net income includes a significant non-cash gain from the revaluation of derivative liabilities, raising concerns about the sustainability of the reported profits.
- The company is transitioning away from low-margin offerings, suggesting potential risks in adapting to its new business strategy and securing future revenue streams.
FAQ
What are the key financial highlights from Treasure Global's Q3 2025 report?
The revenue was $0.67 million, a 58% decrease year-over-year, but saw a 121% increase quarter-over-quarter.
How did Treasure Global improve its profitability in Q3 2025?
The company achieved a significant turnaround in net income to $1.26 million, driven by strategic shifts toward higher-margin operations.
What new initiatives did Treasure Global launch during the fiscal year?
Treasure Global introduced a customized software development service for enterprises and a partnership with Reveillon Group Limited for digital systems.
How has the acquisition of Tien Ming Distribution impacted Treasure Global?
The acquisition is expected to strengthen the company’s supply chain and integrate physical distribution with its digital ecosystem.
What future strategies is Treasure Global focusing on for growth?
Treasure Global aims to deepen strategic partnerships, expand in Southeast Asia, and enhance innovation while maintaining financial discipline.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TGL Hedge Fund Activity
We have seen 4 institutional investors add shares of $TGL stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RENAISSANCE TECHNOLOGIES LLC removed 565,800 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $43,566
- XTX TOPCO LTD removed 33,098 shares (-99.2%) from their portfolio in Q1 2025, for an estimated $2,548
- HRT FINANCIAL LP removed 22,206 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $1,709
- TWO SIGMA INVESTMENTS, LP removed 18,936 shares (-98.3%) from their portfolio in Q1 2025, for an estimated $1,458
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 15,274 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,709
- BANK OF MONTREAL /CAN/ removed 9,800 shares (-98.0%) from their portfolio in Q1 2025, for an estimated $754
- GEODE CAPITAL MANAGEMENT, LLC added 4,131 shares (+inf%) to their portfolio in Q1 2025, for an estimated $318
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
KUALA LUMPUR, Malaysia, May 15, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (
NASDAQ: TGL
) (“
Treasure Global
” or the “
Company
”), a leading e-commerce platform operator, today announced its financial results for the third quarter ended March 31, 2025.
Key Financial Highlights
Revenue for the third quarter was $0.67 million, a 58% decrease from $1.60 million in the third quarter of fiscal 2024, but increased by 121% quarter-over-quarter.
Gross profit reached $0.49 million, a 41% year-over-year increase, with gross profit margin rising to 73% from 14% in the prior-year quarter.
Operating loss narrowed significantly to $43 thousand, compared to $1.37 million in the third quarter of fiscal 2024.
Net income was $1.26 million, a significant turnaround from a net loss of $1.71 million in the prior-year quarter.
Earnings per share (EPS) improved to $1.09, compared to a loss per share of $116.03 in the same quarter of fiscal year 2024.
For the nine months ended March 31, 2025, the Company reversed a $5.0 million net loss from the prior year into a modest net profit, despite lower revenue, highlighting the effectiveness of the shift to a leaner, high-margin model.
Note: All per-share figures have been adjusted to reflect the 1-for-50 reverse stock split effective April 7, 2025.
Management Commentary
“Our third-quarter results reflect a significant improvement in profitability driven by our strategic shift toward higher-margin operations and disciplined cost management. While revenue remains impacted by our transition away from low-margin offerings, we achieved substantially higher gross margins and a return to net profitability. Importantly, net income this quarter includes a $1.78 million non-cash gain from the revaluation of derivative liabilities, which contributed meaningfully to reported EPS. We will continue to streamline operations and focus on high-margin opportunities to sustain and build on this turnaround,” Carlson Thow, Chief Executive Officer of Treasure Global Inc.
CFO Commentary
“Our financial turnaround is clear: we reversed a $1.7 million net loss in the prior-year quarter into a $1.26 million net profit, supported by disciplined cost controls and a leaner operating structure. For the nine-month period, we also moved from a $5.0 million loss to modest net profit. With our AI-powered fulfillment infrastructure and expanded digital commerce capabilities, we are positioned for greater scalability and recurring revenue ahead,” said Sook Lee, Chief Financial Officer of Treasure Global Inc.
Operational Updates
During the fiscal year, Treasure Global expanded its offerings by introducing a new revenue stream focused on customized software development for enterprise clients. In January 2025, the Company launched a new enterprise software development stream through a strategic partnership with Reveillon Group Limited. The collaboration involves designing and deploying a scalable digital system with integrated modules for workflow automation, data analytics, and user engagement, with completion targeted within 12 months. This initiative marks a key step in diversifying the Company’s offerings and expanding its enterprise client base.
Business Outlook
As Treasure Global advances its strategic transformation, the Company remains focused on building a resilient and scalable business model centered around high-margin verticals, digital innovation, and operational excellence. The return to net profitability in the third quarter reflects the effectiveness of the Company’s cost discipline and strategic repositioning. Management is confident this momentum sets the foundation for long-term, sustainable growth.
The Company is poised to benefit from recent investments in its AI-powered e-commerce infrastructure, enterprise software development services, and enhanced fulfillment capabilities. Additionally, the newly announced partnership with Mezzofy (Hong Kong) Limited to launch a digital coupon management platform in Malaysia will enable Treasure Global to tap into a broader digital commerce ecosystem while driving value creation through recurring revenue opportunities.
In February 2025, Treasure Global’s subsidiary, VWXYZ Venture Sdn Bhd, entered into a Share Purchase Agreement to acquire a 51% equity stake in Tien Ming Distribution Sdn Bhd, a Malaysian consumer product distribution and logistics company. This acquisition is expected to strengthen Treasure Global’s supply chain capabilities and support its strategy to integrate physical distribution with its broader digital ecosystem once the transaction is completed.
Looking ahead, the Company will continue to deepen strategic partnerships, expand its footprint across Southeast Asia, and deliver shareholder value by aligning innovation with financial discipline.
About Treasure Global:
Treasure Global is a leading Malaysian solutions provider, specializing in the development of innovative technology platforms that drive digital transformation. Its flagship product, the ZCITY Super App, integrates e-payment solutions with customer rewards, fostering a seamless digital ecosystem. As of March 2025, ZCITY Super App has attracted over 2.9 million registered users, positioning Treasure Global as a key player in Malaysia’s digital economy.
Visit
treasureglobal.co
for more information.
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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