None
Revenue Growth and Expansion:
-
reported record
revenue of
$1.1 billion for Q1 2025,
up 10% sequentially and
12% year-on-year.
- This growth was driven by strong performance in the Money Transfer Segment and Ria's expansion into new markets.
Profitable Quarter and Operational Efficiency:
- The company delivered a
net income of
$107.5 million, reflecting an
18% increase year-on-year.
- This performance was attributed to operational efficiency, including cost management and favorable foreign currency impacts.
Money Transfer Segment Performance:
- The Money Transfer Segment reported
revenues of
$670 million, marking a
11% increase year-on-year.
- Growth was driven by higher transaction volumes, increased customer accounts, and expansion in Europe and Latin America.
Ria's Strategic Expansion:
- Ria's revenue reached
$460 million, reflecting a
12% increase year-on-year and a
7% increase sequentially.
- The growth was supported by expansion into new markets, including Asia and Africa, as well as increased digital customer acquisition.
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