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Treasure Global, Inc. (TGL)
NASDAQ:TGL
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Treasure Global, Inc. (TGL) AI Stock Analysis

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TGL

Treasure Global, Inc.

(NASDAQ:TGL)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
$1.00
▲(23.46% Upside)
Treasure Global, Inc. faces significant challenges with profitability and cash flow despite strong revenue growth. The technical indicators suggest a bearish trend, and the valuation is unattractive due to the negative P/E ratio and lack of dividend yield. These factors contribute to a low overall stock score.

Treasure Global, Inc. (TGL) vs. SPDR S&P 500 ETF (SPY)

Treasure Global, Inc. Business Overview & Revenue Model

Company DescriptionTreasure Global, Inc. (TGL) is a technology-driven company focused on enhancing the retail and e-commerce experience through its innovative payment solutions and digital wallet services. Operating primarily in the fintech sector, TGL offers a suite of products that enables consumers and merchants to transact seamlessly and securely. Its core services include digital payment processing, loyalty programs, and advanced analytics that empower businesses to maximize customer engagement and retention.
How the Company Makes MoneyTGL generates revenue through multiple streams. The primary revenue model is based on transaction fees charged to merchants for processing payments through its platform. Additionally, the company earns income from subscription services offered to businesses for access to advanced analytics and customer insights. TGL also benefits from partnerships with financial institutions and retail networks, which help to expand its customer base and enhance service offerings. Furthermore, the company may generate additional revenue through advertising and promotional services integrated within its digital wallet platform, leveraging user engagement to drive further monetization.

Treasure Global, Inc. Earnings Call Summary

Earnings Call Date:May 15, 2025
(Q3-2024)
|
% Change Since: |
Next Earnings Date:Dec 23, 2025
Earnings Call Sentiment Neutral
Treasure Global demonstrated significant achievements in AI and blockchain, as well as improved profitability and recognition in the e-commerce sector. However, these gains were overshadowed by a substantial revenue decline and reduced cash reserves, indicating challenges in maintaining user engagement and financial stability.
Q3-2024 Updates
Positive Updates
ZCITY Premium Store Success
The launch of the ZCITY Premium Store exceeded expectations, enhancing gross profit margins and driving transactions with over 6,000 Bill Saver Bonanza Packs sold in four months.
AI and Blockchain Initiatives
Treasure Global strengthened its position in the blockchain market with new partnerships and AI initiatives, including an exclusive AI wallet on Telegram and collaboration with AIO Synergy to revolutionize the AI landscape.
Significant Gross Profit Increase
Gross profit reached USD 217,000, marking a substantial increase of 47% compared to the same period last year.
Decrease in Net Losses
Net losses decreased substantially to approximately USD 1.7 million compared to USD 2.9 million in the third quarter of fiscal year 2023.
Marketing Contract Achievement
Secured a USD 2 million marketing contract with Satria Dunia Sdn Bhd to showcase Korean beauty products using ZCITY's AI marketing engine.
Recognition at Asia eCommerce Awards
ZCITY won a silver trophy for the best e-commerce solution at the MARKETING-INTERACTIVE Asia eCommerce Awards 2023.
Negative Updates
Revenue Decline
Total revenue for the quarter was USD 1.6 million, reflecting a decrease of approximately 76% compared to USD 6.7 million in the second quarter of fiscal year 2024.
Decline in Quarterly Active Users
Quarterly active users for the quarter ending March 31, 2024, decreased despite ongoing efforts to enhance ZCITY's features and offerings.
Cash Balance Reduction
Cash balance decreased to approximately USD 0.3 million from USD 4.1 million as of March 31, 2023.
Company Guidance
In the third quarter of fiscal year 2024, Treasure Global Inc. demonstrated significant progress across various metrics, despite a challenging macro environment. The company reported a substantial increase in gross profit, reaching USD 217,000, up by 47% from the previous year. However, total revenue for the quarter saw a decline to USD 1.6 million, a 76% drop compared to the previous quarter, attributed to the strategic shift towards higher-margin business channels. Net losses decreased significantly to approximately USD 1.7 million from USD 2.9 million the previous year, driven by cost management and operational efficiency improvements. The company's cash balance stood at approximately USD 0.3 million as of March 31, 2024, with future sales expected to bolster this position. ZCITY, a key platform for Treasure Global, reported over 2.69 million registered users, 2,027 registered merchants, and 41,455 quarterly active users, with 0.19 million transactions recorded in the quarter. Despite some declines in user engagement, the company remains optimistic about ZCITY's long-term growth potential, focusing on enhancing features and offerings. The call highlighted the company's strategic initiatives, including AI-driven innovations, market expansion, and a new partnership within the blockchain sector, as well as a USD 2 million marketing contract with Satria Dunia Sdn Bhd to promote Korean beauty products. Treasure Global's commitment to innovation and strategic market positioning is poised to drive sustained growth and shareholder value.

Treasure Global, Inc. Financial Statement Overview

Summary
Treasure Global, Inc. exhibits strong revenue growth but faces significant challenges in profitability and cash flow. The company has a low debt-to-equity ratio, indicating minimal leverage, yet suffers from a negative return on equity and cash flow issues. The focus should be on converting revenue growth into sustainable profits and cash flow.
Income Statement
35
Negative
Treasure Global, Inc. has shown a significant revenue growth rate of 58.67% in the most recent year, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative net profit margins (-10.03%) and EBIT margins (-224.89%). The gross profit margin is relatively high at 71.65%, but the substantial operating losses overshadow this strength.
Balance Sheet
40
Negative
The balance sheet reflects a low debt-to-equity ratio of 0.01, suggesting minimal leverage, which is a positive aspect. However, the company has a negative return on equity (-217.59%), indicating that it is not generating profits from its equity base. The equity ratio is not directly provided, but the low leverage and negative ROE highlight concerns about financial efficiency and profitability.
Cash Flow
30
Negative
The cash flow statement reveals a challenging situation with negative operating cash flow and free cash flow. Despite a free cash flow growth rate of 48.76%, the operating cash flow to net income ratio is negative (-2.58), indicating cash flow issues. The free cash flow to net income ratio is 1.0, suggesting that cash flow is aligned with net income, but both are negative.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.33M2.33M22.07M69.41M79.67M14.02M
Gross Profit1.67M1.67M816.06K523.28K476.19K139.94K
EBITDA-2.06M-4.37M-5.35M-10.10M-10.06M-7.51M
Net Income-23.38M-23.38M-6.59M-11.73M-11.75M-7.92M
Balance Sheet
Total Assets14.87M14.87M4.28M6.37M2.70M3.69M
Cash, Cash Equivalents and Short-Term Investments236.90K236.90K371.65K4.59M1.85M2.84M
Total Debt159.24K113.61K64.71K5.03M14.89M5.07M
Total Liabilities4.13M4.13M897.85K6.50M18.30M10.21M
Stockholders Equity10.74M10.74M3.38M-130.33K-15.60M-6.52M
Cash Flow
Free Cash Flow-9.49M-9.48M-4.92M-9.65M-8.98M-6.88M
Operating Cash Flow-9.48M-9.48M-4.71M-9.56M-8.66M-6.80M
Investing Cash Flow-5.77M-5.77M-252.61K-61.24K-311.74K-84.85K
Financing Cash Flow15.43M15.43M350.47K12.66M8.16M9.80M

Treasure Global, Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.81
Price Trends
50DMA
0.99
Negative
100DMA
1.06
Negative
200DMA
2.77
Negative
Market Momentum
MACD
-0.06
Negative
RSI
43.22
Neutral
STOCH
36.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TGL, the sentiment is Negative. The current price of 0.81 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 0.99, and below the 200-day MA of 2.77, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 43.22 is Neutral, neither overbought nor oversold. The STOCH value of 36.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TGL.

Treasure Global, Inc. Risk Analysis

Treasure Global, Inc. disclosed 48 risk factors in its most recent earnings report. Treasure Global, Inc. reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Treasure Global, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
60
Neutral
$9.35M2.342.46%
47
Neutral
$768.49K0.380.62%-28.50%
47
Neutral
$5.50M
42
Neutral
$8.27M-0.20-39.27%-22.86%33.12%
41
Neutral
$11.06M-0.04-331.02%-89.44%96.58%
41
Neutral
$5.37M-0.15-32.14%65.30%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TGL
Treasure Global, Inc.
0.81
-20.53
-96.20%
OBLG
Oblong
2.57
-1.35
-34.44%
QH
Quhuo
0.86
-118.84
-99.28%
GITS
Global Interactive Technologies
1.55
-2.91
-65.25%
SGN
Signing Day Sports, Inc.
1.32
-10.66
-88.98%
LGCL
Lucas GC Limited
2.72
-42.48
-93.98%

Treasure Global, Inc. Corporate Events

Business Operations and Strategy
Treasure Global Inc Signs Marketing Consultancy Agreement
Neutral
Oct 30, 2025

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.

The most recent analyst rating on (TGL) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Business Operations and Strategy
Treasure Global Inc. Enters Strategic Consultancy Agreement
Positive
Oct 29, 2025

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.

The most recent analyst rating on (TGL) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Treasure Global Inc. Appoints New Executive Director
Positive
Oct 28, 2025

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.

The most recent analyst rating on (TGL) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Business Operations and StrategyM&A Transactions
Treasure Global Acquires AI Server in Recent Deal
Positive
Oct 24, 2025

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.

The most recent analyst rating on (TGL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Private Placements and Financing
Treasure Global Inc. Secures Investment from Malaysian Investors
Neutral
Oct 7, 2025

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.

The most recent analyst rating on (TGL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Treasure Global, Inc. Delays Yearly Report Filing
Sep 30, 2025

Treasure Global, Inc. has filed a Form 12b-25 to notify the delay in filing its Form 10-K (Yearly Report) for the financial period ending June 30, 2025. The primary reason for the delay is the additional time required by the company’s auditor to complete the audit of the annual financial statements. The company anticipates that the report will be filed on or before the 15th calendar day following the original due date. There are no expected significant changes in financial results from the previous fiscal year. Treasure Global, Inc. is committed to ensuring compliance and has authorized Carlson Thow to sign the notification on its behalf.

The most recent analyst rating on (TGL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Treasure Global Appoints Chan Meng Chun as Executive Director
Positive
Sep 26, 2025

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.

The most recent analyst rating on (TGL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Delistings and Listing ChangesRegulatory Filings and ComplianceShareholder Meetings
Treasure Global Regains NASDAQ Compliance After Meeting
Positive
Sep 10, 2025

On September 8, 2025, Treasure Global Inc. received a notification from NASDAQ confirming that the company had regained compliance with Listing Rules 5620. The company had previously fallen out of compliance due to not holding an annual meeting of stockholders within the required timeframe, but resolved this by conducting the meeting on August 29, 2025, leading to the closure of the compliance issue.

The most recent analyst rating on (TGL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Treasure Global Inc. Holds 2025 Annual Stockholders Meeting
Neutral
Sep 5, 2025

On August 29, 2025, Treasure Global Inc. held its virtual 2025 Annual Stockholders Meeting. During the meeting, a quorum was achieved with 38.49% of voting shares represented. The stockholders elected five directors to the board, ratified the selection of WWC, P.C. as the independent registered public accounting firm for the fiscal year ending June 30, 2025, and approved the 2025 Equity Incentive Plan.

The most recent analyst rating on (TGL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Treasure Global, Inc. stock, see the TGL Stock Forecast page.

Business Operations and StrategyShareholder Meetings
Treasure Global Inc. Lowers Quorum Requirement for Meetings
Neutral
Aug 18, 2025

On August 18, 2024, Treasure Global Inc. amended its Bylaws to lower the quorum requirement for stockholder meetings from a majority to 33 1/3% of the voting power, allowing for more flexibility in conducting business. This change could impact the company’s governance by making it easier to achieve quorum and potentially facilitating quicker decision-making processes.

Business Operations and StrategyM&A Transactions
Treasure Global Enters Agreement with I Synergy Group
Positive
Aug 14, 2025

On August 12, 2025, Treasure Global Inc entered into a Sale and Purchase Agreement with I Synergy Group Ltd, an Australian company listed on the ASX. The agreement involves the sale of advanced AI-based graphics processing units for AUD 300,000, to be paid over six months, impacting Treasure Global’s operations by monetizing its technology assets.

Shareholder Meetings
Treasure Global Reschedules 2025 Annual Stockholders Meeting
Neutral
Aug 11, 2025

On August 5, 2025, Treasure Global Inc. convened its 2025 Annual Meeting of Stockholders, but the meeting was adjourned without opening the polls to solicit additional proxies for the proposals outlined in their 2025 Proxy Statement. The meeting is rescheduled for August 29, 2025, and will remain a virtual event, allowing stockholders to participate and vote using the same access information. The company continues to encourage stockholders to review the proxy materials available on the SEC’s website.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 01, 2025