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Givex Announces Second Quarter 2024 Financial Results

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Achieves positive net income for the second consecutive quarter and generates 6-month EBITDA of $3.6 million, a 470% year over year improvement

TORONTO, July 29, 2024 /PRNewswire/ – Givex Corp. (“Givex”) (TSX: GIVX) (OTCQX: GIVXF), is pleased to present its financial results for the six-month period ending June 30, 2024. Givex reports in Canadian dollars and in accordance with International Financial Reporting Standards (“IFRS”).

“By maintaining our strategic focus on profitable growth, we’ve achieved another quarter of year-over-year improvements across all key metrics, including revenue, gross profit, and net income,” stated Don Gray, CEO of Givex. “We’re optimistic this trend will continue for the remainder of 2024, given new business opportunities we’re actively pursuing.”

Second Quarter Financial Highlights

Three-month period ending June 30, 2024 (with comparisons relative to the three-month period ending June 30, 2023)

Revenue of $20.9 million, representing 7% growth.Gross Profit of $15.2 million, representing 8% growth.Net Income of $0.2 million, versus a $1.0 million loss in Q2, 2023.EBITDA1 of $1.9 million, a 224 % increase.Total Gross Transactional Value2 of $2.29 billion, an 8% increase.POS Gross Transactional Value3 of $ 529 million, a 12% increase.Customer Locations4 of 133,000, a 7% increase.As at June 30, 2024, Givex had $24.2 million in cash and cash equivalents.

Six-month period ending June 30, 2024 (with comparisons relative to the six-month period ending June 30, 2023)

Revenue of $41.7 million, representing 8% growth.Gross Profit of $29.2 million, representing 7% growth.Net Income of $0.7 million, versus a $2.2 million loss in six-month period ending June 30, 2023.EBITDA1 of $3.6 million, a 470% increase.Total Gross Transactional Value2 of $ 4.04 billion, a 9 % increase.POS Gross Transactional Value3 of $1.0 billion, a 14 % increase.

Operational Highlights

Payroll costs are the key focus to improved EBITDA and positive net earnings. For the 12-month periods ending June 30, 2024 and 2023, Employee Compensation5 as a % of Gross Profit was 53% for both periods. The company believes that its ability to control Employee Compensation as a % of Gross Profit is an indicator of its success in managing costs and profitability.

More Information
Additional financial information, such as the Q2, 2024 interim and the audited Fiscal 2023 financial statements, Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Annual Information Form, is available on the company’s SEDAR at sedar.com.

More information about Givex, including the Management Presentation and Overview, are posted on the company’s investor relations website at investors.givex.com.

About Givex

The world is changing. Givex is ready. Since 1999, Givex has provided technology solutions that unleash the full potential of engagement, creating and cultivating powerful connections that unite brands and customers. With a global footprint of 133,000+ active locations across more than 100 countries, Givex unleashes strategic insights, empowering brands through reliable technology and exceptional support. Givex’s integrated end-to-end management solution provides Gift Cards, GivexPOS, Loyalty Programs and more, creating growth opportunities for businesses of all sizes and industries. Learn more about how to streamline workflows, tackle complex challenges and transform data into actionable insights at www.givex.com. 

Non-IFRS Measures and Reconciliation of Non-IFRS Measures

The information presented includes certain financial measures such as “EBITDA” (see below for definition), which are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. These non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors, and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Our management also uses non-IFRS measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation.

Forward Looking Statements

This press release contains forward-looking information. Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that we considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, the risk factors described under the “Risk Factors” section in the Annual Information Form (AIF) dated March 22, 2024, available on SEDAR+ at www.sedarplus.ca and other filings with the Canadian securities regulatory authorities. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, prospective investors should not place undue reliance on forward-looking information, which speaks only as of the date made. See “Cautionary Note Regarding Forward-Looking Information” in the Filing Statement.

Additional Notes

1 EBITDA is defined as net profit (loss) excluding interest, taxes, depreciation and amortization (“EBITDA”).

2 Gross Transactional Value (“GTV”) means the total dollar value of stored and point-of-sale (“POS”) transactions processed through our cloud-based SaaS platforms in the period, net of refunds, inclusive of shipping and handling, duty, and value-added taxes. We believe GTV is an indicator of the success of our customers and the strength of our platforms. GTV does not represent revenue earned by us.

3 POS Gross Transactional Value (“POS GTV”) means the total dollar value point-of-sale (“POS”) transactions processed through GivexPOS, our cloud-based POS SaaS platform, in the period net of refunds, inclusive of shipping and handling, duty and value-added taxes. We believe POS GTV is an indicator of the success of our customers and the strength of our platforms. POS GTV does not represent revenue earned by us.

4 Customer Locations means a billing customer location for which the term of services has not ended, or with which we are negotiating a renewal contract. It includes both merchant locations that have transactions processed through our cloud-based SaaS platform, as well as merchant locations not on our platform but for which we provide other Givex services. A single unique customer can have multiple Customer Locations including physical and eCommerce sites. We believe that our ability to increase the number of Customer Locations served by our platform and products is an indicator of our success in terms of market penetration and growth of our business. 

5 Employee Compensation as a % of Gross Profit means the total employee compensation for a period divided by the gross profit for the same period. Employee Compensation means total employee compensation including salaries and benefits, excluding both government assistance and share-based compensation. Gross Profit means revenue less direct cost of revenue.

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SOURCE Givex Corporation

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Baidu Announces Inclusion of Its Class A Ordinary Shares in the Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect Programs

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BEIJING, Sept. 6, 2026 /PRNewswire/ — Baidu, Inc. (“Baidu” or the “Company”) (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the Company’s Class A ordinary shares traded on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) have been included in the Shenzhen-Hong Kong Stock Connect program, effective today, September 7, 2026 (Beijing time). The previously announced inclusion of the Company’s Class A ordinary shares in the Shanghai-Hong Kong Stock Connect program also became effective today. Eligible investors in the Chinese Mainland now have direct access to the trading of Baidu’s Class A ordinary shares through both programs.

The inclusion of Baidu’s Class A ordinary shares in the Shenzhen-Hong Kong Stock Connect program is pursuant to the Announcement on Adjustment of the List of the Eligible Stocks in Hong Kong Stock Connect under the Shenzhen-Hong Kong Stock Connect issued by the Shenzhen Stock Exchange on September 7, 2026.

Taken together, the inclusion in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect marks an important step toward expanding the Company’s reach among Chinese Mainland investors and is expected to further diversify its investor base and enhance the liquidity of its shares.

Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating long-term value for shareholders.

About the Shenzhen-Hong Kong Stock Connect

The Shenzhen-Hong Kong Stock Connect is a mutual stock market access mechanism between the Chinese Mainland and Hong Kong under which the Shenzhen Stock Exchange and the Hong Kong Stock Exchange have established technical connectivity to enable investors in the Chinese Mainland and Hong Kong to trade eligible shares listed on the other’s market through their local securities companies or brokers.

About the Shanghai-Hong Kong Stock Connect

The Shanghai-Hong Kong Stock Connect established a two-way trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A-shares (Northbound), subject to a certain amount of daily quota.

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, Baidu’s and other parties’ strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.

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SOURCE Baidu, Inc.

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People See One Brand. The Internet May Show Them Hundreds More.

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The gap between what organisations control and what people trust may be larger than many realise.

SINGAPORE, Sept. 7, 2026 /PRNewswire/ — Every day, consumers decide whether to trust a website, email, link or digital service. What they rarely see is where an organisation’s official digital presence ends and similar-looking identities begin.

For most people, trust is not determined by ownership records or technical boundaries. It is shaped by what appears familiar, legitimate and connected to the organisation they believe they are engaging with. As digital interactions continue to grow, the gap between what organisations control and what people trust may become increasingly important.

The inaugural ONESECURE’s The State of Digital Trust in Singapore 2026 found that each reference organisation domain was associated with a median of 151 similar-looking domains across the public internet. The study analysed 120,702 distinct lookalike domains associated with 448 reference organisation domains and found that 82% had observable internet or email infrastructure, or both. While this does not indicate malicious activity, it demonstrates how external identities can possess the technical characteristics needed to establish an online presence that people may encounter and interact with.

While organisations typically have visibility over the websites, systems and accounts they own, customers, employees and members of the public make trust decisions based on what they encounter online. Similar-looking identities can exist beyond those organisational boundaries, creating a broader challenge around how trust is recognised, monitored and governed.

“People don’t experience organisations through asset inventories or security diagrams. They experience them through names, emails, websites and links,” said Edmund How, Managing Director of ONESECURE Asia. “The findings suggest organisations may need to think differently about trust. The challenge is no longer just securing what belongs to you. It’s understanding what exists around you, recognising when an external identity becomes relevant, and having a consistent way to determine when action is needed.”

The report found external identity exposure across multiple sectors, including financial services, healthcare, education, public services, transportation and information services, suggesting the issue is not confined to any single industry.

While the findings are drawn from a Singapore-focused dataset, the underlying question is relevant wherever people rely on digital identities to access services, conduct transactions and engage with organisations online regardless of geography.

Understanding and monitoring that broader identity landscape may become an important part of how organisations safeguard trust, protect reputation and fulfil their responsibilities to the people they serve.

If Singapore’s benchmark is 151 distinct lookalike domains per organisation, what could yours be? The question is not simply what your organisation owns, but whether you understand the wider identity landscape that exists around it.

Download the full ONESECURE’s The State of Digital Trust in Singapore 2026 report.

About ONESECURE Asia

ONESECURE Asia, headquartered in Singapore, is a managed security services provider helping organisations strengthen security and resilience as digital risks evolve. Its capabilities span managed security operations and Webyith, a digital trust platform designed to protect the integrity and authenticity of digital environments. Bringing together technology, intelligence and human expertise, we serve as a trusted and accountable partner in addressing critical security gaps across Asia.

Visit www.onesecureasia.com

About This Report

The State of Digital Trust in Singapore 2026 examines observable external digital identity exposure across 448 Singapore-focused reference organisation domains as of August 2026.

The analysis covers 144,134 observed domain records, representing 120,702 distinct lookalike domains after exact self-domain records were excluded. It assesses domain registration, DNS resolution, mail-routing configuration and supporting infrastructure patterns.

The research distinguishes exposure from investigative or operational relevance. A lookalike domain is not automatically malicious, and observable infrastructure or registration characteristics do not by themselves indicate phishing, abuse or malicious intent. They provide context for understanding which external identities may warrant closer examination.

The findings represent a Singapore-focused, point-in-time baseline, not a population-wide survey or measure of confirmed malicious activity. Lookalike volumes may be influenced by reference-domain characteristics and study methodology; comparisons should not be interpreted as rankings of malicious activity or security performance.

The study provides a basis for organisations to better understand, prioritise and govern external digital identity exposure beyond environments they directly control.

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SOURCE ONESECURE Asia

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Asia Fintech Forum 2026 to Convene Regulators, Bankers and Fintech Leaders in Kuala Lumpur on 2 October

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Inaugural forum from Singapore’s Responsible Fintech Institute, title-sponsored by Remi Technology, puts AI, stablecoins and financial inclusion on a single agenda

KUALA LUMPUR, Malaysia and SINGAPORE, Sept. 7, 2026 /PRNewswire/ — The Responsible Fintech Institute (RFI) today opened registration for the inaugural Asia Fintech Forum 2026, a one-day summit on Friday, 2 October at the World Trade Centre Kuala Lumpur.

The forum will bring together 40 speakers from regulators, banks and fintech firms across Asia, and is expected to draw 1,000 delegates. Remi Technology, the Singapore-headquartered cross-border settlement provider, joins as title sponsor.

Convening under the theme “Architecting Asia’s Financial Frontier: AI, Digital Assets, and Inclusive Banking,” the forum is RFI’s first flagship event outside Singapore. The choice of Kuala Lumpur is deliberate: Malaysia is licensing a new generation of digital banks while ASEAN member states negotiate the Digital Economy Framework Agreement (DEFA), and the forum’s regulatory track is built around that gap between national rulemaking and regional interoperability.

Confirmed speakers include Mohammad Ridzuan Abdul Aziz, Chief Executive Officer of Aeon Bank; Aaron Tang, General Manager of Luno Malaysia; Kenneth Chan, Chief Executive Officer of Webull Malaysia; Victoria Wymark of PwC South East Asia; and Affendi Rashdi, Director-General, and Ja’afar Rihan, Head of Islamic Business Development at Labuan Financial Services Authority. The full roster of the speakers is published at https://asiafintech.org/#speakers.

“Asia is writing the rules for digital finance faster than any other region, and it is writing them in several places at once — a stablecoin framework in Hong Kong, digital banking licences in Malaysia, payment corridors out of Singapore,” said Chia Hock Lai, Chairman of RFI. “The risk is not that innovation outpaces regulation. The risk is that a dozen regulators solve the same problem a dozen different ways, and the cost of that lands on consumers and on any firm trying to operate across borders. We chose Kuala Lumpur for our first forum because that conversation has to happen where the market is growing, not only where the rules are already written.”

Main-stage sessions, hands-on workshops, and closed-door roundtables span:

ASEAN fintech and the Digital Economy Framework Agreement (DEFA)Agentic AI in financial servicesStablecoin clearing, settlement and cross-border paymentsIslamic fintech and digital bankingReal-world asset (RWA) tokenisation and its legal frameworksPost-Quantum Cryptography (PQC) migration and defense strategies for banksStrategic fintech branding, positioning, and market communicationGovernance standards and institutional frameworks for permissionless blockchains in APAC (Project Pigeon)Digital banks and financial inclusion

“Banks do not need another payment rail that routes around them. They need settlement infrastructure that runs inside their own compliance perimeter,” said Sam Su, Chief Executive Officer and Co-Founder of Remi Technology. “That argument only gets properly tested in a room that has regulators and bank treasurers in it, not just builders. That is why we are title sponsor: this is one of the few forums in the region that puts all three on the same agenda on the same day.”

“Malaysia has long flown under the radar in regional fintech, and hosting this forum in Kuala Lumpur—with the backing of regional regulators and industry leaders—signals its coming of age,” said Farah Jaafar, Co-Chair of the organising committee, Independent Non-Executive Director of Webull Securities (Malaysia), and Co-Chair of the Women in Fintech group within the Asia Fintech Alliance. “We built this agenda for practitioners, not the conference circuit. Malaysia brings critical pillars the regional dialogue needs: a mature Islamic finance ecosystem and proactive regulators willing to give digital models room to scale.”

“Real-world asset tokenisation and next-generation capital markets cannot scale in silos; they require shared liquidity, robust custody, and cross-border regulatory clarity,” said Calvin Ng, Chairman of NexStox. “As both strategic partner and venue sponsor, NexStox is proud to anchor this dialogue at the World Trade Centre Kuala Lumpur. The Asia Fintech Forum provides the institutional bridge APAC needs to transition tokenised assets and digital market infrastructure from pilot concepts into live capital deployment.”

NexStox, RegTank, Sumsub and VerifyVASP join as sponsors.

Supporting partners include the Labuan Financial Services Authority (LFSA), International Digital Economics Association (IDEA), the Digital Assets Association (DAA), Thailand Fintech Association (TFA), Fintech Philippines Association (FPA), Hong Kong Fintech Industry Association (HKFTA), Unified Fintech Forum (India), ACCESS Malaysia, Fintech Association of Malaysia (FAOM) and Taiwan Fintech Space.

Registration is now open at https://asiafintech.org/. Exhibition packages and speaker nomination forms are available on the same site.

Media accreditation: Journalists may request onsite access, interview slots with RFI and sponsor spokespeople, and the full press kit (logos, speaker headshots, agenda) from the contact below.

About Responsible Fintech Institute

The Responsible Fintech Institute (RFI) is a global nonprofit organisation based in Singapore. Its goal is to create a safe, trustworthy and reliable future for digital finance by building the digital utilities that support responsible innovation. RFI brings together public and private sector stakeholders to help build the rules and technology needed for new digital financial tools, and to make the digital asset sector sustainable and inclusive. Learn more at responsiblefintech.org.

About Remi Technology

Remi Technology is a Singapore-based fintech company that delivers stablecoin clearing and settlement infrastructures for banks and financial institutions worldwide. Find us at www.remitech.ai or www.linkedin.com/company/remi-tech.

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SOURCE Responsible Fintech Institute (RFI)

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