KUALA LUMPUR, Malaysia, June 04, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, today announced the launch of a US$100 million digital asset treasury initiative as a part of a broader strategy to reinforce its digital infrastructure and support the forthcoming launch of its AI-powered consumer intelligence platform in the third quarter of 2025. The treasury initiative is backed by two capital sources: US$50 million from an existing equity financing agreement.US$50 million secured through a new institutional commitment from a strategic funding partner. The strategy enables Treasure Global to p
KUALA LUMPUR, Malaysia, May 21, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, today announced a strategic business update on its growth initiatives following the release of its third quarter fiscal 2025 financial results. These results marked a successful turnaround to profitability and progress in repositioning the business toward high-margin digital offerings. The Company has initiated a strategic roadmap to launch an AI and data-driven platform, setting the stage for a major product reveal in the third quarter of 2025, while strengthening supporting infrastructure including its logistics operation
KUALA LUMPUR, Malaysia, May 15, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, today announced its financial results for the third quarter ended March 31, 2025. Key Financial Highlights Revenue for the third quarter was $0.67 million, a 58% decrease from $1.60 million in the third quarter of fiscal 2024, but increased by 121% quarter-over-quarter.Gross profit reached $0.49 million, a 41% year-over-year increase, with gross profit margin rising to 73% from 14% in the prior-year quarter.Operating loss narrowed significantly to $43 thousand, compared to $1.37 million in the third quarter of fis
KUALA LUMPUR, Malaysia, April 16, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), is pleased to announce an exclusive strategic partnership with Mezzofy (Hong Kong) Limited ("Mezzofy"), a market leader in digital coupon management solutions. Under this agreement, Treasure Global becomes the sole distributor of Mezzofy's platform in Malaysia, positioning the Company to capture approximately USD2 to 4 million in recurring annual revenue within the first 12 months of rollout. Since its inception, Mezzofy's cloud-based "Coupon-as-a-Service" (CaaS) platform has facilitated over USD40 billion in digital coupon transactions across 15 markets (as o
NEW YORK and KUALA LUMPUR, Malaysia, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, today announced its financial results for the second quarter ended December 31, 2024. Key Financial Highlights Revenue for the second quarter was $0.30 million, a 46% increase from $0.21 million in the first quarter of fiscal 2025. However, on a year-on-year basis, revenue declined 96% from $6.71 million in Q2 2024.Gross profit was $0.22 million, up 30% from $0.17 million in Q1 2025. The gross profit margin stood at 74.0%, compared to 83% in Q1 2025 and 5.0% in Q2 2024.Operational loss was $0.69 million, an
Strategic Expansion into Malaysia's USD159 Billion FMCG Industry & High-growth E-commerce Market. Projected USD116 Million Revenue Over Three Years Through Integration with F&N's USD1.16 Billion Annual Sales. Strengthening Treasure Global's Logistics and Digital Commerce Capabilities Through Tien Ming Distribution. NEW YORK and KUALA LUMPUR, Malaysia, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a technology-driven digital commerce and fintech solution provider, today announced the strategic acquisition of a 51% controlling stake in Tien Ming Distribution Sdn Bhd ("Tien Ming Distribution") through its subsidiary, VWXYZ Ventur
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, had on November 14, 2024 announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights Revenue for the first quarter was $207,371, compared to $13.46 million for the prior year's quarter, reflecting the Company's ongoing pivot toward high-margin business models and deliberate scaling down of low-margin operations. This strategic pivot is expected to benefit long-term revenue quality and stability.Gross profit improved by 6% to $172,172, with the gross profit margin
NEW YORK and KUALA LUMPUR, Malaysia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator through its ZCity application, today announced the signing of a significant partnership agreement with Octagram Investment Limited ("OCTA"), a software development firm specializing in scalable solutions across various sectors. This strategic collaboration aims to enhance user engagement and drive growth through the integration of innovative mini-game modules into the ZCity platform. This collaboration aims to drive growth and enhance user engagement through the integration of innovative technology modules into
NEW YORK and KUALA LUMPUR, Malaysia, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, is pleased to announce that it has completed its previously disclosed at-the-market equity offering program ("ATM Offering") launched on March 22, 2024, and the termination of the same with H.C. Wainwright & Co., LLC, as sales agent on September 25, 2024. The ATM Offering was initiated to offer common shares totaling US$2,990,900 from time to time, and as of the termination date, the Company has sold 1,678,307 of its common shares and raised the maximum total gross proceeds of US$2,990,162.32 before deducting
NEW YORK and KUALA LUMPUR, Malaysia, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, is pleased to announce the appointment of two new independent directors, Mr. Leong Wei Ping and Mr. Anand Ramakrishnan to its Board. This strategic move underscores the Company's ongoing efforts to strengthen its leadership team and enhance its corporate governance as it continues to scale its operations and expand its global presence. Mr. Leong Wei Ping currently serves as an Executive Director at Asia Television Holdings Limited, which he joined in 2020. In this capacity, he is primarily responsible for
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KUALA LUMPUR, Malaysia, May 15, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, today announced its financial results for the third quarter ended March 31, 2025. Key Financial Highlights Revenue for the third quarter was $0.67 million, a 58% decrease from $1.60 million in the third quarter of fiscal 2024, but increased by 121% quarter-over-quarter.Gross profit reached $0.49 million, a 41% year-over-year increase, with gross profit margin rising to 73% from 14% in the prior-year quarter.Operating loss narrowed significantly to $43 thousand, compared to $1.37 million in the third quarter of fis
NEW YORK and KUALA LUMPUR, Malaysia, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, today announced its financial results for the second quarter ended December 31, 2024. Key Financial Highlights Revenue for the second quarter was $0.30 million, a 46% increase from $0.21 million in the first quarter of fiscal 2025. However, on a year-on-year basis, revenue declined 96% from $6.71 million in Q2 2024.Gross profit was $0.22 million, up 30% from $0.17 million in Q1 2025. The gross profit margin stood at 74.0%, compared to 83% in Q1 2025 and 5.0% in Q2 2024.Operational loss was $0.69 million, an
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, had on November 14, 2024 announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights Revenue for the first quarter was $207,371, compared to $13.46 million for the prior year's quarter, reflecting the Company's ongoing pivot toward high-margin business models and deliberate scaling down of low-margin operations. This strategic pivot is expected to benefit long-term revenue quality and stability.Gross profit improved by 6% to $172,172, with the gross profit margin
Reported Gross Profit of Approximately $0.22 Million for Third Quarter Fiscal 2024, up 47% Year-Over-Year Secured a USD$2 million marketing contract aimed to promote prestigious Korean beauty products using its advanced AI Marketing Engine, strategically leveraging the vast revenue potential of the Malaysian and Southeast Asia beauty market Emerged as Exclusive Partner for AI Blockchain Wallet on Telegram, Paving the Way for New Business Opportunities and Spearheading Innovation in the Blockchain Industry Won the silver trophy for Best eCommerce Solution of the MARKETING-INTERACTIVE Asia eCommerce Awards 2023 Successfully Regained Compliance with Nasdaq Minimum Bid Price
Hosts conference call on Thursday, May 15, 2024 NEW YORK and KUALA LUMPUR, May 01, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("TGL," "Treasure Global" or the "Company"), an innovative technology solutions provider, today announced that it will report its financial results for the third quarter of fiscal year 2024, which ended on March 31, 2024, after market close on Tuesday, May 14, 2024. The Company will host a conference call and audio webcast the next morning, Wednesday, May 15, 2024, at 8:30 a.m. Eastern Time featuring remarks by Sam Teo, Chief Executive Officer of TGL. Event:Treasure Global Third Quarter Fiscal Year 2024 Results Conference CallDate:Wednesday, May 15,
Hosts conference call on Thursday, February 15, 2024 NEW YORK and KUALA LUMPUR, Malaysia, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("TGL" or the "Company"), an innovative technology solutions provider, today announced that it will report its financial results for the second quarter of fiscal year 2024, which ended on December 31, 2023, after market close on Wednesday, February 14, 2024. The Company will host a conference call and audio webcast the next morning, Thursday, February 15, 2024, at 8:30 a.m. Eastern Time featuring remarks by Sam Teo, Chief Executive Officer of TGL and Michael Chan, Chief Financial Officer of TGL. Event:Treasure Global Second Quarter
Increased Registered Users to Over 2.66 Million as of November 6, 2023 Reported Gross Profit of Approximately $0.16 Million for First Quarter Fiscal 2024, up 338% Year-Over-YearUnveiled AI Robot for TikTok Live Commerce, Offering Extended Hours and Personalization of E-Commerce ExperienceLaunched Its ZCITY App Merchant AI Engine in Collaboration with Boost, the Regional Fintech Arm of AxiataAnnounced Partnership with UCSI Hospital to Promote the Malaysia Healthcare Tourism Program, with Revenue Generation Opportunity for TGL NEW YORK and KUALA LUMPUR, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("TGL," or the "Company"), an innovative technology solutions provider,
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("TGL", or the "Company"), an innovative technology solutions provider, today announced that it will report its financial results for the first quarter of fiscal 2024 ended September 30, 2023, after market close on Tuesday, November 14, 2023. The Company will host a conference call and audio webcast the next morning, Wednesday, November 15, 2023, at 8:30 a.m. Eastern Time featuring remarks by Sam Teo, CEO and Michael Chan, CFO. Event:Treasure Global First Quarter Fiscal Year 2024 Results Conference CallDate:Wednesday, November 15, 2023Time:8:30 a.m. Eastern TimeLive Call:+1-877-70
NEW YORK and KUALA LUMPUR, Malaysia, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("TGL", or the "Company"), an innovative technology solutions provider, today announced that it will report its financial results for the fiscal year ended June 30, 2023, after market close on Thursday, September 28, 2023. The Company will host a conference call and audio webcast the next morning, Friday, September 29, 2023, at 8:30 a.m. Eastern Time featuring remarks by Sam Teo, CEO and Michael Chan, CFO. Event:Treasure Global Fiscal Year 2023 Results Conference CallDate:Friday, September 29, 2023Time:8:30 a.m. Eastern TimeLive Call:+1-877-704-4453 (Toll Free) or +1-201-389-0920 (Inte
NEW YORK and KUALA LUMPUR, Malaysia, April 25, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("TGI", or the "Company"), an innovative e-commerce platform providing seamless technology enabled solutions for lifestyle needs, today announced that it will report its financial results for the third quarter of fiscal year 2023 ended March 31, 2023, before the market open on Tuesday, May 9, 2023. The Company will host a conference call and audio webcast that morning at 8:30 a.m. Eastern Time featuring remarks by Sam Teo, CEO and Jaylvin Chan, CFO. Event:Treasure Global Third Quarter Fiscal Year 2023 Results Conference CallDate:Tuesday, May 9, 2023Time:8:30 a.m. Eastern TimeLive Call:
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NEW YORK and KUALA LUMPUR, Malaysia, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, is pleased to announce the appointment of two new independent directors, Mr. Leong Wei Ping and Mr. Anand Ramakrishnan to its Board. This strategic move underscores the Company's ongoing efforts to strengthen its leadership team and enhance its corporate governance as it continues to scale its operations and expand its global presence. Mr. Leong Wei Ping currently serves as an Executive Director at Asia Television Holdings Limited, which he joined in 2020. In this capacity, he is primarily responsible for
NEW YORK and KUALA LUMPUR, Malaysia, June 14, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, today announced the appointment of Mr. Carlson Thow as its new Chief Executive Officer, succeeding Mr. Sam Teo, who has resigned from his position. Mr. Thow, previously the Group Chief Legal Officer of Nasdaq-listed VCI Global Limited (NASDAQ:VCIG), brings extensive expertise in corporate leadership, business strategy, and driving successful business transformations. During his tenure at VCI Global Limited, Mr. Thow played a pivotal role in guiding the company through a successful transition from a private