CURR 6-K
Currenc Group Inc. (CURR)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2025
Commission File No. 001-41079
Currenc Group Inc.
(Translation of registrant’s name into English)
410 North Bridge Road,
Spaces City Hall,
Singapore
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F ☒ Form 40-F ☐
Press Release
On November 10, 2025, Currenc Group, Inc., an exempted company incorporated and registered in the Cayman Islands (the “Company” or “Currenc”), issued a press release announcing its financial results for the third quarter ended September 30, 2025, which is attached as Exhibit 99.1 hereto.
INDEX TO EXHIBITS
| Exhibit No. | Description | |
| 99.1 | Press Release of Currenc Group Inc. dated as of November 10, 2025 |
| 2 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 10, 2025
| CURRENC GROUP INC. | ||
| By: | /s/ Wan Lung Eng | |
| Name: | Wan Lung Eng | |
| Title: | Chief Financial Officer | |
| 3 |
Exhibit 99.1
Currenc Group Inc. Announces Third Quarter 2025 Unaudited Financial Results
Singapore, November 10, 2025 (Globe Newswire) — Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced its unaudited financial results for the third quarter ended September 30, 2025.
Third Quarter 2025 Financial Highlights
| ● | Total Processing Value (TPV) through Tranglo was US$1.41 billion for the third quarter of 2025, increasing by 10.1%1 year-over-year. Total number of transactions increased to 3.0 million for the third quarter of 2025 from 2.7 million for the same period of 2024. | |
| ● | Total revenues, excluding TNG Asia and GEA2, were US$10.4 million for the third quarter of 2025, representing a year-over-year decrease of 3.9%3, primarily due to lower Indonesian Airtime revenue, partly offset by growth in remittance revenue. |
For the three-month period ended September 30, | ||||||||
| 2025 | 2024 2 | |||||||
| $ | $ | |||||||
| (dollars in thousands) | ||||||||
| Remittance revenue excluding TNG Asia & GEA | 6,970 | 4,501 | ||||||
| Global Airtime Revenue | 2,016 | 2,298 | ||||||
| Local Airtime Revenue | 1,402 | 3,992 | ||||||
| Other Revenue | 6 | 24 | ||||||
| Total Revenue excluding TNG Asia & GEA | 10,394 | 10,815 | ||||||
| ● | Total remittance revenues2, excluding TNG Asia and GEA, i.e., remittance revenues contributed by Tranglo, were US$7.0 million for the third quarter of 2025, an increase of 54.8% year-over-year. The increase in remittance revenue was mainly due to a 10.1%1 increase in TPV. Tranglo’s overall take rate improved to 0.38% in the third quarter of 2025 from 0.37% in the same period of 2024. | |
| ● | Currenc’s global airtime transfer revenues were US$2.0 million for the third quarter of 2025, representing a year-over-year decrease of 12.3%. The growing availability of free Wi-Fi in Southeast Asian countries, especially Malaysia and Indonesia, has led to declining demand for Malaysia-Indonesia airtime transfers, resulting in a decline in global airtime business in the third quarter of 2025. As Currenc expects this trend to continue in Southeast Asian markets, the Company’s management is deemphasizing airtime transfer and reallocating its resources and capital to expand its new AI product offerings. | |
| ● | Total direct costs of revenue were US$5.1 million for the third quarter of 2025, representing a year-over-year decrease of 37.0%. |
1 Change in TPV is calculated based on the local currency.
2 Currenc divested TNG Asia and GEA in August 2024 and July 2024, respectively. As such, from the fourth quarter of 2024 onward, only Tranglo’s (digital remittance and global airtime transfer businesses) and WalletKu’s (Indonesian airtime business) results will be consolidated and reported in the Company’s financial statements.
3 Total 2024 revenues include intercompany transactions.
| ● | The direct payout rate for Tranglo’s remittance business was 0.13% for the third quarter of 2025, a slight increase compared to 0.12% for the same period of 2024. Currenc’s overall gross profit margin ratio for the third quarter of 2025 was 50.8%, compared to 27.8% for the same period of 2024. | |
| ● | Total operating expenses decreased to US$0.5 million for the third quarter of 2025 from US$19.1 million for the same period of 2024. The decrease in operating expenses was mainly due to US$1.7 million income from adjustments on incentive shares expenses in the third quarter of 2025, compared to US$13.1 million expenses in recognition of the incentive shares granted to employees upon the completion of the INFINT SPAC merger for the same period of 2024. |
As Currenc divested TNG Asia and GEA in August and July 2024, respectively, its operating costs now reflect the operating costs of Tranglo, WalletKu and the Company’s headquarters only. Also, with the rollout of its new AI initiatives, Currenc incurred US$0.4 million in operating costs related to these new businesses in the third quarter of 2025.
| ○ | Tranglo’s operating costs for the third quarter of 2025 were US$2.9 million, representing a 12.1% decrease compared to US$3.3 million in the same period of 2024. | |
| ○ | WalletKu’s operating costs were US$0.17 million for the third quarter of 2025, representing a 17.0% decrease compared to US$0.2 million for the same period of 2024. | |
| ○ | Professional fees and director fees were an income of US$1.3 million for the third quarter of 2025, mainly due to the reversal of professional fee accruals of US$1.6 million made in the third quarter of 2025. |
| ● | Net income was US$3.1 million for the third quarter of 2025, primarily driven by net profit of US$1 million from Tranglo, and adjustment on incentive shares granted to employees of US$1.6 million. | |
| ● | EBITDA analysis |
For the three-month period ended September 30, 2025 | Tranglo | WalletKu | TNG Asia and GEA | Headquarters and adjustments | Group Total | |||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||
| Net income (loss) | 925 | (90 | ) | - | 2,305 | 3,140 | ||||||||||||||
| Add: | ||||||||||||||||||||
| Income tax expenses | 62 | - | - | (93 | ) | (31 | ) | |||||||||||||
| Interest expense, net | - | - | (98 | ) | (98 | ) | ||||||||||||||
| EBIT | 987 | (90 | ) | - | 2,114 | 3,011 | ||||||||||||||
| Depreciation and amortization | - | - | - | - | 550 | |||||||||||||||
| EBITDA | 987 | (90 | ) | - | 2,114 | 3,561 | ||||||||||||||
| ○ | The Company’s total EBITDA for the third quarter of 2025 was a profit of US$3.6 million. | |
| ○ | Tranglo and WalletKu’s combined EBITDA for the third quarter of 2025 was US$0.9 million. | |
| ○ | TNG Asia and GEA’s combined losses had no impact on the Company’s results from the fourth quarter of 2024 onwards as they were divested before the completion of the de-SPAC merger. |
| ○ | Headquarters expenses and adjustments recorded an EBIT profit of US$2.1 million, mainly contributed by: |
| ■ | US$1.6 million for reversal of professional fee accrual. |
For the three-month period ended September 30, 2024 | Tranglo | WalletKu | TNG Asia and GEA | Headquarters and adjustments | Group Total | |||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||
| Net income (loss) | (131 | ) | (39 | ) | (826 | ) | (4,025 | ) | (5,021 | ) | ||||||||||
| Add: | ||||||||||||||||||||
| Income tax expenses | 179 | - | - | (93 | ) | 86 | ||||||||||||||
| Interest expense, net | - | - | 76 | 3,780 | 3,856 | |||||||||||||||
| EBIT | 48 | (39 | ) | (750 | ) | (338 | ) | (1,079 | ) | |||||||||||
| Depreciation and amortization | - | - | - | - | 888 | |||||||||||||||
| EBITDA | 48 | (39 | ) | (750 | ) | (338 | ) | (191 | ) | |||||||||||
Management Comments
Alex Kong, Founder, Chief Executive Officer, and Executive Chairman of Currenc Group, remarked, “In the third quarter, we maintained steady business momentum and further enhanced our operational efficiency. Tranglo’s TPV increased 10.1% year-over-year to US$1.41 billion, while we improved take rate to 0.38%, driving 54.8% growth in remittance revenue to $7.0 million. These results underscore our remittance business’s strength and resilience, as well as disciplined operational execution. Meanwhile, we continue to deemphasize lower-margin airtime transfers and reallocate those resources toward technology-driven financial solutions that better meet customers’ evolving demand in the AI era. Going forward, our proposed reverse merger with Animoca Brands is poised to propel our next phase of development and unlock long-term value for our shareholders.”
Wan Lung Eng, Chief Financial Officer of Currenc Group, commented, “Our remittance business grew robustly in the third quarter, underpinned by healthy TPV and revenue increases and improved profitability. Tranglo delivered an EBITDA of US$1.0 million, contributing to Currenc’s EBITDA of US$3.6 million for the quarter. Combined EBITDA from Tranglo and WalletKu reached US$0.9 million, while disciplined execution kept Tranglo’s payout rate at 0.13% compared to 0.14% in the previous quarter. We also strengthened cost management, reducing direct costs by 37% year-over-year and expanding our gross margin to a record 50.8%. Operating expenses decreased significantly from the same period last year, reflecting adjustments to incentive-share expenses related to the de-SPAC merger, continued efficiency gains across our operations, and a US$0.4 million investment in our AI initiatives. As we progress through the Animoca reverse merger, we will remain focused on operational discipline, financial prudence, and ensuring a smooth handover for our stakeholders.”
About Currenc Group Inc.
Currenc Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.
For additional information, please refer to the Currenc website https://www.currencgroup.com and the annual report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission.
Non-GAAP Financial Measures
To supplement the Company’s consolidated financial statements, which are prepared and presented in accordance with GAAP, it uses EBITDA, a non-GAAP financial measure as described below, to understand and evaluate its core operating performance. This non-GAAP financial measure, which may differ from similarly titled measures used by other companies, is presented to enhance investors’ overall understanding of the Company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
EBITDA is defined as net loss before interest, taxes, depreciation, and amortization. Currenc believes that EBITDA provides useful information to investors and others in understanding and evaluating its operating results. This non-GAAP financial measure eliminates the impact of items that Currenc does not consider indicative of the performance of its business. While Currenc believes that this non-GAAP financial measure is useful in evaluating its business, this information should be considered supplemental in nature and is not meant as a substitute for the related financial information prepared in accordance with GAAP.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
Investor & Media Contact
Currenc Group Investor Relations
Email: [email protected]
SOURCE: Currenc Group Inc.
CURRENC GROUP INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| Three months ended September 30, | ||||||||
| 2025 | 2024 | |||||||
| US$ | US$ | |||||||
| Revenue | 10,394,350 | 11,259,716 | ||||||
| Cost of revenue | (5,118,080 | ) | (8,124,542 | ) | ||||
| Gross profit | 5,276,270 | 3,135,174 | ||||||
| Selling expenses | - | (3,649 | ) | |||||
| General and administrative expenses | (519,576 | ) | (19,061,439 | ) | ||||
| Profit/(loss) from operations | 4,756,694 | (15,929,914 | ) | |||||
| Finance costs, net | 99,468 | (3,855,555 | ) | |||||
| Other (loss)/income | (1,125,594 | ) | 146,063 | |||||
| Other expenses | (621,513 | ) | (160,362 | ) | ||||
| Profit/(loss) before income tax | 3,109,055 | (19,799,768 | ) | |||||
| Income tax benefit/(expense) | 30,495 | (86,043 | ) | |||||
| Net profit/(loss) | 3,139,550 | (19,885,811 | ) | |||||
| Net (loss)/income attributable to non-controlling interests | (226,500 | ) | 60,419 | |||||
| Net profit/(loss) attributable to CURRENC Group Inc. | 2,913,050 | (19,825,392 | ) | |||||
| Net profit/(loss) per share, basic and diluted (1) | $ | 0.05 | $ | (0.52 | ) | |||
| Shares used in net profit/(loss) per share computation, basic and diluted (1) | 56,432,698 | 38,163,168 | ||||||
| Other comprehensive loss: | ||||||||
| Foreign currency translation adjustments | (52,737 | ) | (72,055 | ) | ||||
| Total comprehensive income/(loss) | 3,086,813 | (19,957,866 | ) | |||||
| Total Comprehensive (income) loss attributable to non-controlling interests | (226,950 | ) | 18,291 | |||||
| Total comprehensive income/(loss) attributable to CURRENC Group Inc. | 2,859,863 | (19,939,575 | ) | |||||
| (1) | Retrospectively restated to reflect Reverse Recapitalization |
CURRENC GROUP INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
September 30, 2025 | December 31, 2024 | |||||||
| US$ | US$ | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 50,689,972 | 63,821,397 | ||||||
| Restricted cash | 42,664 | 40,742 | ||||||
| Accounts receivable, net | 1,516,126 | 2,115,681 | ||||||
| Other financial assets | 3,183,417 | - | ||||||
| Amounts due from related parties | 449,677 | 560,823 | ||||||
| Prepayments, receivables and other assets | 15,063,200 | 20,948,216 | ||||||
| Total current assets | 70,945,056 | 87,486,859 | ||||||
| Non-current assets: | ||||||||
| Equipment and software, net | 1,049,261 | 1,055,520 | ||||||
| Right-of-use asset | 221,656 | 349,240 | ||||||
| Intangible assets | 2,230,699 | 3,386,117 | ||||||
| Goodwill | 12,059,428 | 12,059,428 | ||||||
| Deferred tax assets | 344,050 | 342,822 | ||||||
| Total non-current assets: | 15,905,094 | 17,193,127 | ||||||
| Total assets | 86,850,150 | 104,679,986 | ||||||
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||||||||
| Current liabilities: | ||||||||
| Borrowings | 14,148,295 | 20,150,058 | ||||||
| Receivable factoring | 52,442 | 258,415 | ||||||
| Other financial liabilities | 3,704,400 | - | ||||||
| Accounts payable, accruals and other payables | 39,795,727 | 55,329,740 | ||||||
| Amounts due to related parties | 3,629,516 | 67,697,074 | ||||||
| Convertible bonds | - | 1,750,000 | ||||||
| Lease liabilities | 196,524 | 171,909 | ||||||
| Total current liabilities: | 61,526,904 | 145,357,196 | ||||||
| Non-current liabilities: | ||||||||
| Deferred tax liabilities | 599,612 | 876,912 | ||||||
| Employee benefit obligation | 37,737 | 45,289 | ||||||
| Lease liabilities | 17,259 | 156,647 | ||||||
| Total non-current liabilities: | 654,608 | 1,078,848 | ||||||
| Total liabilities | 62,181,512 | 146,436,044 | ||||||
| Commitments and contingencies | ||||||||
| Shareholders’ deficit: | ||||||||
| Ordinary shares (US$0.0001 par value; 555,000,000 shares authorized 76,597,293 and 46,527,999 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively) (1) | 7,660 | 4,653 | ||||||
| Additional paid-in capital (1) | 137,620,035 | 65,638,838 | ||||||
| Accumulated deficit | (137,939,413 | ) | (131,522,902 | ) | ||||
| Accumulated other Comprehensive Loss | 598,099 | (108,122 | ) | |||||
| Total shareholders’ deficit attributable to Currenc Group Inc. | 286,381 | (65,987,533 | ) | |||||
| Non-controlling interests | 24,382,257 | 24,231,475 | ||||||
| Total deficit | 24,668,638 | (41,756,058 | ) | |||||
| Total liabilities and shareholders’ deficit | 86,850,150 | 104,679,986 | ||||||
| 1) | Retrospectively restated to reflect Reverse Recapitalization |
CURRENC GROUP INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Nine months ended September 30, | ||||||||
| 2025 | 2024 | |||||||
| US$ | US$ | |||||||
| Cash flows from operating activities: | ||||||||
| Net loss | (6,312,104 | ) | (26,125,077 | ) | ||||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
| Non-cash expense for Share-based compensation | 3,196,336 | 14,137,850 | ||||||
| Non-cash expense: others | 520,983 | - | ||||||
| Non-cash offering costs for convertible note | - | 2,512,000 | ||||||
| Non-cash finance cost for debt conversion | - | 340,159 | ||||||
| Depreciation of equipment and software | 372,206 | 420,642 | ||||||
| Depreciation of right-of-use assets | 148,230 | 131,378 | ||||||
| Amortization of intangible assets | 1,155,418 | 2,184,996 | ||||||
| Reversal of provision for doubtful debts | (54,405 | ) | - | |||||
| Deferred income taxes | (444,774 | ) | (119,078 | ) | ||||
| Gain on Disposal of property, plant and equipment | 401 | - | ||||||
| Disposal of subsidiaries | - | (6,873,094 | ) | |||||
| Goodwill impairment | - | 1,657 | ||||||
| Unrealized foreign exchange gain | 1,366,585 | 1,586,780 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | 677,767 | (147,011 | ) | |||||
| Prepayments, receivables and other assets | 5,905,948 | 6,093,059 | ||||||
| Escrow money payable | - | 10,373 | ||||||
| Client money payable | - | (416,198 | ) | |||||
| Accounts payable, accruals and other payables | (15,121,227 | ) | (9,028,919 | ) | ||||
| Interest payable on convertible bonds | - | - | ||||||
| Amount due from a director | 1,881,362 | 1,427,640 | ||||||
| Amount due to Immediate holding company | 1,638,778 | - | ||||||
| Amounts due from related parties | (3,642 | ) | (1,842,634 | ) | ||||
| Amounts due to related parties | (7,333,371 | ) | 4,034,054 | |||||
| Net cash used in operating activities | (12,405,509 | ) | (11,671,423 | ) | ||||
| Cash flows from investing activities: | ||||||||
| Decrease in short-term investments | (363,927 | ) | (365,224 | ) | ||||
| Proceeds from disposal of property, plant and equipment | 596 | - | ||||||
| Net cash used in investing activities | (363,331 | ) | (365,224 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds from convertible note | - | 1,750,000 | ||||||
| Proceeds from borrowings | - | 640,145 | ||||||
| Repayment of borrowings | - | (220,986 | ) | |||||
| Proceeds from receivable factoring | 634,132 | 1,604,828 | ||||||
| Repayment of receivable factoring | (844,821 | ) | (1,452,946 | ) | ||||
| Payment of principal elements of lease liabilities | (130,421 | ) | (136,094 | ) | ||||
| Payment of interest elements of lease liabilities | (19,553 | ) | (5,842 | ) | ||||
| Net cash (used in)/generated from financing activities | (360,663 | ) | 2,179,105 | |||||
| Net decrease in cash and cash equivalents | (13,129,503 | ) | (9,857,542 | ) | ||||
| Cash and cash equivalents, restricted cash and escrow money receivable at beginning of the period | 63,862,139 | 58,960,384 | ||||||
| Cash and cash equivalents, restricted cash and escrow money receivable at end of the period | 50,732,636 | 49,102,842 | ||||||
| Supplemental disclosure of cash flow information: | ||||||||
| Income taxes paid | (508,456 | ) | (345,550 | ) | ||||
| Interest paid | (106,919 | ) | (972,448 | ) | ||||