Currency Exchange International Reports 10% Revenue Growth in Q1 2025

An announcement from Currency Exchange International ( (TSE:CXI) ) is now available.

Currency Exchange International announced a 10% increase in revenue for Q1 2025 compared to the previous year, with significant growth in both the United States and Canada. Despite a 4% decline in net income, the company reported strong adjusted results with a 29% increase in adjusted net income and a 31% rise in adjusted diluted EPS. The strategic decision to cease operations of its subsidiary, Exchange Bank of Canada, is expected to positively impact the Group’s overall results, as the company focuses on enhancing operational efficiencies and capital returns. The management remains committed to its strategic plan, aiming to strengthen its position in the banknotes and international payments market.

More about Currency Exchange International

Currency Exchange International, Corp. operates in the financial services industry, focusing on currency exchange and international payments. The company offers a diverse range of services including banknotes and payments solutions, primarily targeting the United States and Canada markets.

YTD Price Performance: -6.40%

Average Trading Volume: 5,256

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$134.2M

Learn more about CXI stock on TipRanks’ Stock Analysis page.