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TGL

Treasure Global Inc.

TGL

Treasure Global Inc. • NASDAQ
$0.66 ▲ 5.18% (+0.03)
Market Cap $2.52 M
52w High $39.00
52w Low $0.56
Dividend Yield 0%
P/E -0.25
Volume 82.69K
Outstanding Shares 3.81M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $182.527K ▼ $1.742M ▼ $-2.134M ▲ -1.169K% ▲ $-0.376 ▲ $-2.1M ▲
Q4-2025 $1.155M ▲ $21.271M ▲ $-23.454M ▼ -2.031K% ▼ $-5.652 ▼ $-2.896M ▼
Q3-2025 $666.521K ▲ $529.692K ▼ $1.26M ▲ 189.036% ▲ $1.089 ▲ $1.445M ▲
Q2-2025 $301.898K ▲ $916.957K ▼ $-232.332K ▲ -76.957% ▲ $-0.566 ▲ $-6.821K ▲
Q1-2025 $207.371K $983.849K $-950.707K -458.457% $-17.62 $-604.632K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $1.25M ▲ $16.595M ▲ $4.622M ▲ $11.973M ▲
Q4-2025 $236.895K ▼ $14.873M ▼ $4.129M ▲ $10.744M ▼
Q3-2025 $283.477K ▼ $30.417M ▲ $1.304M ▲ $29.113M ▲
Q2-2025 $762.876K ▲ $20.789M ▲ $694.079K ▼ $20.095M ▲
Q1-2025 $116.687K $7.109M $830.886K $6.278M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-2.134M ▲ $-1.761M ▲ $-704.792K ▲ $3.467M ▼ $1.014M ▲ $-2.406M ▲
Q4-2025 $-23.454M ▼ $-3.86M ▲ $-1.541M ▲ $5.393M ▼ $-44.132K ▼ $-3.871M ▲
Q3-2025 $1.26M ▲ $-4.235M ▼ $-2.154M ▼ $6.413M ▲ $22.449K ▼ $-4.235M ▼
Q2-2025 $-232.332K ▲ $-606.199K ▲ $-706.089K ▲ $1.507M ▼ $186.017K ▲ $-608.945K ▲
Q1-2025 $-950.707K $-976.319K $-1.487M $2.437M $-127.452K $-976.319K

Revenue by Products

Product Q2-2023Q3-2023Q3-2025Q4-2025
Software Development
Software Development
 $0 ▲$0 ▲$0 ▲$0 ▲
Agent Subscription Revenue
Agent Subscription Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Loyalty Program Revenue
Loyalty Program Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Transaction Revenue
Transaction Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Treasure Global’s income statement still looks like that of a very early‑stage tech company. Reported revenue is very small and has not yet built a clear growth pattern. Gross profit is essentially not visible in the historical data, while operating and net losses have been persistent over several years. The loss levels have been relatively steady rather than sharply worsening, but there is also no firm evidence yet that the business has reached scale or consistent profitability. Per‑share figures are heavily distorted by reverse stock splits, so they tell you more about capital restructuring than about true earnings power.

Balance Sheet

Balance Sheet The balance sheet is extremely light. The company operates with a very small asset base and has effectively no meaningful cash reserves in the reported figures. Debt appears limited, which is a positive, but earlier years did show some reliance on borrowing. Equity has moved from negative to slightly positive territory, suggesting some repair of the capital structure, yet the overall financial cushion is thin. This leaves the company sensitive to setbacks and likely dependent on raising additional capital to fund its strategy.

Cash Flow

Cash Flow Cash flow statements show a business that is not yet self‑funding. Operating cash flow has been consistently negative, indicating that the core business consumes cash rather than generating it. Free cash flow is also negative, though capital spending is minimal, so the cash burn comes mainly from running the business rather than from heavy investment in physical assets. This pattern is common for young tech platforms, but it also means the company’s runway and access to fresh financing are critical factors to watch.

Competitive Edge

Competitive Edge Treasure Global is trying to carve out a niche in Southeast Asia with its ZCITY “super app,” focusing on rewards, e‑payments, and expanding fintech services. It has built a meaningful registered user base in Malaysia and leans heavily on partnerships—for example in digital coupons, fintech, and distribution—to widen its offerings without shouldering all the development risk. Its shift toward higher‑margin, software‑driven services is strategically attractive. However, it operates in a very crowded space against well‑funded regional super apps, payment platforms, and fintech players. Its smaller scale, limited balance sheet, and early stage of monetization mean its competitive position is promising but not yet proven or entrenched.

Innovation and R&D

Innovation and R&D Innovation is the core of the story. The company is turning ZCITY from a basic rewards app into an AI‑driven platform with personalized offers and an AI assistant. It is layering in fintech features such as micro‑financing and a digital asset wallet, and developing the OXI Wallet for crypto and digital assets with AI‑based portfolio tools. Beyond consumer apps, it is working on an AI cloud backbone and vertical tools like the TAZTE system for food and beverage merchants, plus a Coupon‑as‑a‑Service offering through a key partnership. Much of this innovation relies on alliances rather than building everything in‑house, which can speed time‑to‑market but also makes execution and integration quality critical. The pipeline is rich, yet the commercial traction of these initiatives still needs to be demonstrated.

Summary

Overall, Treasure Global looks like a high‑concept, early‑stage technology platform whose strategic narrative is stronger than its current financials. On paper, it is evolving into an AI‑enabled super app and fintech ecosystem with digital assets, merchant tools, and cloud infrastructure, supported by several notable partnerships. In practice, its reported revenue base is tiny, profitability has not yet materialized, cash flows are negative, and the balance sheet is thin. The key opportunities lie in scaling its user base, successfully rolling out higher‑margin services, and converting innovation into recurring, dependable revenue. The key risks center on funding needs, intense regional competition, regulatory and execution hurdles, and the gap between ambitious plans and the current economic footprint. Uncertainty is high, and the company’s future will largely depend on how well it can deliver on its product roadmap while stabilizing its finances.

NEWS

November 17, 2025 · 7:35 AM UTC

Treasure Global Reports First Quarter Year 2026 Financial Results

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November 14, 2025 · 7:35 AM UTC

Treasure Global's Subsidiary Tadaa Technologies Appointed Exclusive Partner and Treasury Manager for 200 Million UNIRWA Tokens, Projected Value USD 100 Million

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November 12, 2025 · 3:50 PM UTC

Treasure Global Announces Investment in OXI Wallet, an Institutional-Grade Digital Asset Platform with AI Portfolio Tools

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October 24, 2025 · 3:58 PM UTC

Treasure Global Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

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October 7, 2025 · 4:03 PM UTC

Treasure Global Announces USD 400,000 Strategic Investment from Executive Director Chan Meng Chun and Investor Chuah Su Chen to Advance Expansion Plans

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