Currency Exchange International Reports Fourth Quarter and Fiscal 2025 Results

Executive Summary

• Currency Exchange International (CXI) reported FY 2025 revenue up 5% to $72.4 M and net income of $10.3 M, a 317% increase year‑over‑year.
• Adjusted net income from continuing operations rose 10% to $14.5 M; adjusted diluted EPS increased 13% to $1.77.
• The company highlighted strong growth in Payments (19% revenue rise, 31% volume increase) and continued expansion of its Banknotes business, while maintaining a robust balance sheet ($84.7 M equity, $73.4 M net working capital).

Key Details

• Financial Highlights – FY 2025 vs. FY 2024
• Revenue: $72.4 M (↑5% YoY) vs. $68.9 M.
• Reported EBITDA: $23.3 M (↑7%). Adjusted EBITDA: $24.0 M (↑10%).
• Reported Group Net Income: $10.3 M (↑317%). Adjusted Group Net Income: $10.8 M (↑6%).
• Diluted EPS (reported): $1.70 / $1.69; Adjusted diluted EPS: $1.79 / $1.77.
• Quarterly Highlights – Q4 2025 vs. Q4 2024
• Revenue: $19.9 M (↑8%). Payments revenue ↑31% ($0.8 M), Banknotes revenue ↑4% ($0.6 M).
• Reported EBITDA: $6.3 M (↑4%); Adjusted EBITDA: $6.8 M (↑10%).
• Reported Net Income: $3.3 M (↑216%); Adjusted Net Income: $3.3 M (↑19%).
• Diluted EPS (reported): $0.54; Adjusted EPS: $0.54.
• Operating Metrics
• Payments transactions processed in Q4 2025: 59,862 (representing $2.0 B), up 40% YoY.
• New retail footprint: 51 net new non‑airport locations; added a company‑owned branch at Woodbury Common Premium Outlets, NY; expanded OnlineFX to South Carolina.
• Banknotes market penetration: added 25 new U.S. financial institution clients in Q4 2025.
• Discontinued Operations – Exchange Bank of Canada (EBC) classified as discontinued in Q2 2025; net loss from EBC $3.7 M. Ongoing liquidation plan pending regulatory approval, with estimated $3 M annualized after‑tax cost to CXI.
• Share Repurchase – Purchased and cancelled 312,300 common shares for $4.76 M under a Normal Course Issuer Bid (NCIB).
• Listing Upgrade – On May 20 2025, CXI upgraded its U.S. securities listing to OTCQX Best Market (ticker CURN).
• Liquidity & Capital Position – Total equity $84.7 M; net working capital $73.4 M as of Oct 31 2025 (up from $55.9 M in 2024).
• Conference Call – CXI will host a call on Thursday, Jan 22 2026 at 8:30 AM EST (Toll‑Free +1 800 717 1738, Conf ID 67127).

Notable Quotes

“In 2025, CXI delivered strong performance across all units of the business… Our strategic priorities remain centered on expanding CXI's payments and cash businesses… we remain firmly committed to executing our strategic plan‑of maximizing revenue streams to support net earnings growth, and enhancing return on capital.” – Randolph Pinna, CEO.