From GlobeNewswire: 2025-02-14 17:20:00

Treasure Global Inc. (NASDAQ: TGL) reported Q2 financial results with $0.30 million in revenue, a 46% increase from the previous quarter but a 96% decline from Q2 2024. Gross profit was $0.22 million, operational loss improved to $0.69 million, and net loss narrowed to $0.23 million. Loss per share was $0.01.

CEO Carlson Thow highlighted the company’s strategy to enhance profitability efficiency, focusing on high-margin business segments and optimizing operations. Treasure Global’s 51% acquisition of Tien Ming Distribution aims to enhance fulfillment and logistics capabilities, unlocking new growth opportunities.

CFO Sook Lee emphasized the significant financial improvements in Q2, with a 76% reduction in net loss. Revenue remains lower due to a high-margin business model shift, but gross profit margin increased to 74%. The company is strategically investing in e-commerce marketplace expansion and fulfillment capabilities through Tien Ming Distribution.

Treasure Global is advancing a new digital commerce initiative to expand its ecosystem and drive value creation. The company is also expanding its e-commerce marketplace to support revenue growth. The 51% acquisition of Tien Ming Distribution will enhance fulfillment and logistics operations, integrating it into the supply chain strategy.

In the next quarter, Treasure Global aims to enhance its digital commerce initiative, expand the e-commerce marketplace, and strengthen logistics and fulfillment through Tien Ming Distribution. The company remains focused on optimizing its business model, diversifying revenue streams, and enhancing operational efficiency.



Read more at GlobeNewswire:: Treasure Global Inc. Reports Second Quarter Year 2025