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Treasure Global, Inc.
(NASDAQ:TGL)
Treasure Global, Inc. (TGL) vs. SPDR S&P 500 ETF (SPY)
Treasure Global, Inc. Business Overview & Revenue Model
Treasure Global, Inc. Earnings Call Summary
Treasure Global, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.31M | 2.33M | 22.07M | 69.41M | 79.67M | 14.02M |
| Gross Profit | 1.50M | 1.67M | 816.06K | 523.28K | 476.19K | 139.94K |
| EBITDA | -3.56M | -4.37M | -5.35M | -10.10M | -10.06M | -7.51M |
| Net Income | -24.56M | -23.38M | -6.59M | -11.73M | -11.75M | -7.92M |
Balance Sheet | ||||||
| Total Assets | 16.59M | 14.87M | 4.28M | 6.37M | 2.70M | 3.69M |
| Cash, Cash Equivalents and Short-Term Investments | 1.25M | 236.90K | 371.65K | 4.59M | 1.85M | 2.84M |
| Total Debt | 115.35K | 159.24K | 64.71K | 5.03M | 14.89M | 5.07M |
| Total Liabilities | 4.62M | 4.13M | 897.85K | 6.50M | 18.30M | 10.21M |
| Stockholders Equity | 11.97M | 10.74M | 3.38M | -130.33K | -15.60M | -6.52M |
Cash Flow | ||||||
| Free Cash Flow | -11.12M | -9.48M | -4.92M | -9.65M | -8.98M | -6.88M |
| Operating Cash Flow | -10.46M | -9.48M | -4.71M | -9.56M | -8.66M | -6.80M |
| Investing Cash Flow | -5.11M | -5.77M | -252.61K | -61.24K | -311.74K | -84.85K |
| Financing Cash Flow | 16.78M | 15.43M | 350.47K | 12.66M | 8.16M | 9.80M |
Treasure Global, Inc. Technical Analysis
Treasure Global, Inc. Risk Analysis
Treasure Global, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $6.34M | 0.04 | 2.46% | ― | ― | ― | |
52 Neutral | $1.24M | 0.54 | 0.62% | ― | -28.50% | ― | |
50 Neutral | $4.54M | -0.26 | ― | ― | -36.45% | 82.61% | |
47 Neutral | $2.76M | ― | ― | ― | ― | ― | |
42 Neutral | $8.27M | -0.20 | -61.41% | ― | -13.81% | 86.73% | |
40 Underperform | $9.30M | -0.06 | -269.14% | ― | -73.83% | 98.11% |
Treasure Global, Inc. Corporate Events
On December 15, 2025, Treasure Global, Inc. announced the resignation of its Chief Financial Officer, Ms. Chan See Wah, effective December 31, 2025, and the promotion of Mr. Pusparajan a/l Vadiveloo as her replacement, effective December 17, 2025. Mr. Pusparajan, who has over 11 years of experience in accounting and finance, brings expertise in IT, telecommunications, and manufacturing, positioning the company to benefit from his leadership. This transition reflects the company’s continuity in operations with no significant changes to compensation terms, ensuring stability for stakeholders and clients alike.
On December 10, 2025, Treasure Global Inc. announced the pricing of a registered direct offering, raising USD 2,500,000 through the sale of 250,000 shares of common stock. The offering, which closed on December 12, 2025, was conducted under the company’s shelf registration statement and involved D. Boral Capital LLC as the exclusive placement agent. This capital raise is expected to support Treasure Global’s ongoing efforts to expand its digital platforms and enhance its market position in Southeast Asia.
Treasure Global Inc. announced a 1-for-20 reverse stock split of its common stock, effective December 5, 2025, to comply with Nasdaq’s minimum bid price requirement. This move consolidates every 20 shares into one, reducing the total outstanding shares and adjusting equity awards proportionately, while maintaining the same par value and authorized shares. The reverse split aims to stabilize the stock’s trading price and ensure continued Nasdaq listing compliance.
On December 2, 2025, Treasure Global Inc. received a delisting notice from Nasdaq due to non-compliance with the minimum bid price requirement and previous reverse stock splits exceeding a 250-for-1 ratio. The company plans to appeal this decision and present a compliance plan to a Nasdaq Hearings Panel, allowing its stock to continue trading on Nasdaq during the appeal process. The delisting notice does not impact the company’s business operations or reporting obligations.
On November 24, 2025, Treasure Global Inc. held its virtual 2025 Special Stockholders Meeting, where a quorum was present with 53.47% of the voting shares represented. During the meeting, stockholders approved an amendment to the Company’s Certificate of Incorporation to allow the Board to effect a reverse stock split to maintain compliance with Nasdaq Listing Rule 5550(a)(2), and also approved the potential adjournment of the meeting to solicit additional proxies if necessary.
On November 18, 2025, Treasure Global Inc. announced its intention to acquire 51% of Quarters Elite Advisory Sdn Bhd by entering into a letter of intent with Tee Chee Siong. The proposed transaction, valued at approximately $1.2 million, is subject to due diligence and the signing of a definitive agreement. While the letter of intent is largely non-binding, it indicates Treasure Global’s strategic move to expand its market presence, though the completion of the transaction remains uncertain.
On November 14, 2025, Treasure Global Inc entered into a Lock-Up Agreement with certain stockholders to support market stability and enhance long-term shareholder value. The agreement restricts stockholders from selling or transferring shares of the company’s common stock for one year, with limited exceptions, aiming to stabilize the stock price and build investor confidence.
On November 10, 2025, Treasure Global Inc entered into a service agreement with Myviko Holding Sdn Bhd to provide services related to a digital currency wallet and exchange platform. The agreement, valued at $5,000,000, includes a payment of $3,500,000 through cash and company stock, with the stock subject to a six-month restriction period.
On October 24, 2025, Treasure Global Inc entered into a marketing consultancy agreement with Pepe Cemerlang Marketing, a Malaysian company, to provide financial advisory, strategic business planning, and investor and public relations services. This agreement, effective for twelve months, involves a payment of USD 1,000,000 to the consultant, with provisions for termination and renegotiation, potentially impacting the company’s strategic positioning and stakeholder relations.
On October 27, 2025, Treasure Global Inc. entered into a management consultancy agreement with Astute All Advisory Ltd, a Malaysian company. This agreement, lasting for 24 months, involves Astute All Advisory Ltd providing management consultancy and business strategy planning services to Treasure Global Inc. The agreement outlines a service fee of $1,500,000, which Treasure Global Inc. can pay in cash or in common stock at a rate of $0.90 per share. This strategic partnership is expected to enhance Treasure Global Inc.’s management capabilities and strategic planning, potentially impacting its operational efficiency and market positioning.
On October 22, 2025, Treasure Global Inc. appointed Chong Chan “Sam” Teo as Executive Director and Head of Operations, marking his return to the company after a period of personal pursuits. Teo, an experienced strategist in fintech and e-commerce, previously served as the company’s CEO and COO, and his reappointment aims to bolster governance and strategic growth. Additionally, Y. Bhg. Datin Nurfatin Binti Mufti was appointed as Independent Director, bringing extensive experience in construction, retail, and food & beverage sectors. Her appointment is expected to enhance the company’s operational leadership and supply-chain capabilities, aligning with its domestic expansion goals.
On October 22, 2025, Treasure Global Inc. entered into a sale and purchase agreement with Nexe Cloud Limited for the acquisition of an AI server, valued at $750,000. The payment involves a combination of cash and company shares, with the transaction expected to impact the company’s technological capabilities and market competitiveness. Additionally, on October 21, 2025, Treasure Global Inc. signed a service agreement with Weshare Management SDN BHD for the provision of certain services over a two-year period, valued at $1,500,000, to be paid in company shares. This agreement aims to enhance the company’s service offerings and operational efficiency.
On October 7, 2025, Treasure Global Inc. entered into a subscription agreement with two Malaysian investors for the issuance and sale of common stock. The agreement involves an investment of USD 200,000 at a purchase price of $1.16 per share, reflecting the closing price on Nasdaq as of October 6, 2025. This transaction was conducted under Regulation S of the Securities Act, allowing for the sale of shares outside the United States to non-U.S. persons, with specific transfer restrictions in place.
On September 26, 2025, Treasure Global Inc. appointed Chan Meng Chun as Executive Director, marking his return to the company after previously serving as Chief Financial Officer and Financial Controller. This strategic move aims to enhance governance and drive growth and profitability initiatives, reflecting the company’s focus on strengthening its leadership team. Mr. Chan’s extensive experience in corporate finance and strategic planning, including roles at Ikhasas Group, Sime Darby Plantation, Smart Glove Holding, TS Global Network, and Pasukhas Group, positions him to provide valuable insights and guidance. His appointment includes an equity compensation package, with shares issued based on the company’s monthly Volume Weighted Average Price, and a non-compete clause post-termination, underscoring the company’s commitment to retaining key talent and maintaining competitive advantage.