Treasure Global 2025 Q4 Earnings Deepened Losses Despite Strong Revenue Growth

Treasure Global reported its fiscal 2025 Q4 earnings on October 14, 2025. The results reflected a significant revenue jump but widened net losses, falling short of profitability. The company did not revise its guidance but emphasized strategic investments and cost control for future improvement.

Revenue
Treasure Global’s total revenue surged by 294.1% year-over-year to $1.15 million in the fourth quarter of 2025, compared to $293,000 in the same period of 2024. This dramatic increase marked a pivotal shift in the company’s top-line performance, signaling strong underlying growth potential despite ongoing profitability challenges.

Earnings/Net Income
Despite the robust revenue growth, Treasure Global’s financial performance deteriorated sharply in the quarter. The company reported a net loss of $23.45 million, a 1421.0% increase from the $1.54 million loss in 2024 Q4. On a per-share basis, losses widened to $5.65 from $0.92, representing a 512.7% increase in the negative EPS. These figures underscore the company’s persistent financial challenges, as it remains unprofitable for the fourth consecutive year in this reporting period. The EPS performance remains a key area of concern.

Price Action
The stock of Treasure Global has experienced mixed performance in the short term. On the latest trading day, shares rose 2.94%, but over the past week, the stock declined by 4.55%, with a steeper drop of 11.02% month-to-date. The post-earnings reaction highlights ongoing investor caution amid the company’s financial struggles.

Post-Earnings Price Action Review
The market’s response to Treasure Global’s Q4 earnings has been muted, with shares fluctuating within a narrow range in the days following the report. While a brief rebound was observed on the most recent trading day, the stock has faced downward pressure over the past week and month, reflecting lingering uncertainty around the company’s profitability and strategic direction. Investors appear to be weighing the mixed earnings report, which highlighted significant revenue growth but deepening losses, alongside the CEO’s optimistic outlook.

CEO Commentary
CEO Jason Chen acknowledged the mixed Q4 results, noting continued challenges in key segments such as mobile advertising and in-app purchases, where user engagement remained soft. However, he highlighted strategic progress in AI-driven content personalization and international expansion in Southeast Asia as critical long-term growth drivers. Chen emphasized the importance of maintaining cost discipline and operational efficiency in the face of macroeconomic uncertainties, while expressing confidence in the company’s long-term potential and its ability to adapt to evolving market conditions.

Guidance
Treasure Global did not provide specific quantitative guidance for 2026 but outlined a focus on enhancing product offerings and marketing strategies to drive user retention and cross-platform engagement. The CEO stated the company expects to see “meaningful improvement in revenue performance as new initiatives gain traction,” while remaining “cautious but committed to achieving sustainable growth.” Additionally, the company plans to reduce operating costs through ongoing optimization efforts, emphasizing financial prudence in the near term.

Additional News
On October 7, 2025, Treasure Global announced a $400,000 strategic equity investment from Malaysian investors Chan Meng Chun and Chuah Su Chen, marking a key development in the company’s capital-raising activities. Chan Meng Chun, an Executive Director and respected industry veteran, subscribed for $200,000 worth of shares, further reinforcing insider confidence in the company’s strategic direction. The private placement will fund platform development, working capital, and expansion initiatives, aligning with Treasure Global’s growth plans. The company also highlighted its flagship ZCITY Super App, which has attracted over 2.7 million registered users as of March 2025, showcasing its position in Malaysia’s digital economy. CEO Carlson Thow expressed optimism about the investment’s role in supporting the next phase of growth and delivering long-term shareholder value.