Information
KUALA LUMPUR, Malaysia, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a Southeast Asia–anchored technology company, today announced its financial results for
Original sourceAI Summary
Treasure Global announced a strong second quarter with revenues rising significantly to $1.08 million, driven by gift card transactions on their ZCITY platform. The launch of the OXI Wallet is expected to enhance their digital commerce strategy and support long-term growth in Southeast Asia.
Sentiment Rationale
Improved revenue results and strategic investments signal a positive long-term trajectory for TGL, reminiscent of other tech firms who've successfully diversified their offerings.
Trading Thesis
Consider buying TGL shares as revenue improvement and operational advancements signal potential growth.
Market-Moving
- Q2 revenue growth may increase investor confidence in TGL's business model.
- The successful launch of OXI Wallet could open new revenue channels.
- Cash position improvement indicates enhanced financial stability.
- Rising user engagement on ZCITY may attract strategic partnerships.
Key Facts
- TGL reported Q2 revenue of $1.08M, up from $0.30M YoY.
- Net loss rose to $3.11M, but cash reserves increased to $5.45M.
- Management highlights growth in digital commerce and platform efficiency.
- OXI Wallet initiative launched to enhance fintech capabilities ahead of schedule.
- ZCITY platform continues to attract user engagement, with 2.7M registered users.
Companies Mentioned
- PayPal Holdings, Inc. (PYPL): Competitive pressure in digital payments may influence TGL's market opportunities.
- Square, Inc. (SQ): SQ is a major player in digital wallet solutions, impacting TGL's growth strategies.
Corporate Developments
This news falls under 'Corporate Developments' as it highlights financial results and strategic business initiatives of TGL. The announcements of increased revenue and the launch of OXI Wallet are crucial for sustaining investor interest and supporting stock price growth.