$CURR

Currenc Group Inc.

CIK:0001862935|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Income Statement [Abstract]
Revenue	$ 37,813,323	$ 46,435,412
Cost of revenue	(22,396,896)	(31,843,467)
Gross profit	15,416,427	14,591,945
Selling expenses		13,408
General and administrative expenses	23,352,803	41,954,296
Loss from operations	(7,936,376)	(27,375,759)
Finance costs, net	(3,110,279)	(8,515,214)
Other income/(loss)	(6,718,036)	(2,193,865)
Other expenses	(589,935)	(163,621)
Loss before income tax	(18,354,626)	(38,248,459)
Income tax expense	(148,934)	(578,303)
Net loss	(18,503,560)	(38,826,762)
Net loss/(income) attributable to non-controlling interests	72,426	(648,559)
Net loss attributable to Currenc Group Inc.	$ (18,431,134)	$ (39,475,321)
Loss per share, basic	$ (0.30)	$ (1.03)
Loss per share, diluted	$ (0.30)	$ (1.03)
Weighted average shares outstanding of ordinary share, basic	61,473,847	38,163,168
Weighted average shares outstanding of ordinary share, diluted	61,473,847	38,163,168
Other comprehensive income (loss):
Foreign currency translation adjustments	$ 762,604	$ (209,531)
Total comprehensive loss	(17,740,956)	(39,036,293)
Total comprehensive income attributable to non-controlling interests	(87,967)	(649,980)
Total comprehensive loss attributable to Currenc Group Inc.	$ (17,828,923)	$ (39,686,273)

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Cash flows from operating activities:
Net loss	$ (18,503,560)	$ (38,826,762)
Adjustments to reconcile net loss to net cash provided by operating activities:
Non-cash expense for share-based compensation	3,964,057	20,869,721
Non-cash expense for share issued for service providers	561,218	1,000,000
Non-cash expense – others	5,404,719
Non-cash offering costs for convertible note		2,512,000
Non-cash finance cost for debt conversion		340,159
Non-cash loss on issuance of Convertible Note	599,488
Depreciation of equipment	495,698	525,295
Depreciation of right-of-use assets	197,043	185,107
Amortization of intangible assets	1,540,557	2,186,175
(Provision)/reversal of provision for doubtful debts	(49,329)	143,748
Impairment loss on receivables		3,158,042
Gain on disposal of subsidiaries		(21,738,102)
Goodwill impairment	2,331,557	14,941,955
Deferred income taxes	(378,351)	127,660
Loss on disposal of fixed assets	663
Unrealized foreign exchange loss/(gain)	779,249	(659,467)
Changes in operating assets and liabilities:
Accounts receivable	940,620	140,559
Prepayments to remittance agents		98,603
Amounts due to immediate holding company	1,638,815	(393,227)
Amounts due from related parties	(5,775,052)	4,183,438
Amounts due to related parties	6,080,092	(6,925,748)
Prepayments, receivables and other assets	813,664	7,980,401
Escrow money payable		10,386
Client money payable		(416,711)
Accounts payable, accruals and other payables	7,427,648	14,220,717
Lease liabilities	(204,800)	(213,709)
Net cash provided by operating activities	7,863,996	3,450,240
Cash flows from investing activities:
Purchases of property, plant and equipment	(479,034)	(576,674)
Proceed received from disposal of property, plant and equipment	596
Cash acquired from business combination		43,508
Acquisition of a subsidiary		(31,868)
Net cash used in by investing activities	(478,438)	(565,034)
Cash flows from financing activities:
Proceeds from borrowings		640,935
Repayment of borrowings		(221,258)
Proceeds from receivable factoring	1,697,632	2,030,659
Repayment of receivable factoring	(1,666,211)	(2,183,787)
Proceeds from convertible bonds	4,000,000	1,750,000
Net cash provided by financing activities	4,031,421	2,016,549
Net increase in cash and cash equivalents	11,416,979	4,901,755
Cash and cash equivalents, restricted cash and escrow money receivable at beginning of year	63,862,139	58,960,384
Cash and cash equivalents, restricted cash and escrow money receivable at end of year	75,279,118	63,862,139
Supplemental disclosure of cash flow information:
Income taxes paid	(324,784)	(445,530)
Interest paid	$ (58,143)	$ (1,073,407)

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 75,244,405	$ 63,821,397
Restricted cash	34,713	40,742
Accounts receivable, net	1,246,471	2,115,681
Prepayments, receivables and other assets	23,471,874	20,948,216
Total current assets	101,022,285	87,486,859
Non-current assets:
Equipment, net	1,038,300	1,055,520
Right-of-use asset	199,064	349,240
Intangible assets, net	1,845,560	3,386,117
Goodwill	9,727,871	12,059,428
Deferred tax assets	232,082	342,822
Total non-current assets:	13,042,877	17,193,127
Total assets	114,065,162	104,679,986
Current liabilities:
Borrowings	11,889,682	20,150,058
Receivable factoring	298,719	258,415
Accounts payable, accruals and other payables	63,808,933	55,329,740
Convertible bonds		1,750,000
Lease liabilities	186,554	171,909
Total current liabilities	90,261,821	145,357,196
Non-current liabilities:
Borrowings
Convertible bonds	4,599,488
Deferred tax liabilities	508,566	876,912
Employee benefit obligation		45,289
Lease liabilities		156,647
Other payables	44,000
Total non-current liabilities:	5,152,054	1,078,848
Total liabilities	95,413,875	146,436,044
Commitments and contingencies (Note 19)
Shareholders’ equity (deficit):
Ordinary shares (US$0.0001 par value; 555,000,000 shares authorized 76,611,444 and 46,527,999 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively)	7,661	4,653
Additional paid-in capital	143,798,595	65,638,838
Accumulated deficit	(149,954,036)	(131,522,902)
Accumulated other comprehensive income	479,625	(108,122)
Total shareholders’ deficit attributable to Currenc Group Inc.	(5,668,155)	(65,987,533)
Non-controlling interests	24,319,442	24,231,475
Total equity/(deficit)	18,651,287	(41,756,058)
Total liabilities and shareholders’ equity/(deficit)	114,065,162	104,679,986
Related Party [Member]
Current assets:
Amounts due from related parties	1,024,822	560,823
Current liabilities:
Amounts due to related parties	$ 14,077,933	$ 67,697,074