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Amber International Holding Limited Reports Fourth Quarter and Full Year 2025 Unaudited Financial Results

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– Revenue surged 784.1% YoY to US$66.1 million in the first full year as a Nasdaq-listed company –

– Secured VARA VASP license, expanding access to the UAE’s fast-growing family office and institutional market –

– Unveiled “A-Suite” architecture; first AI-native operating system scheduled for launch in Q1 2026 –

SINGAPORE, April 28, 2026 /PRNewswire/ — Amber International Holding Limited (Nasdaq: AMBR) (“Amber International”, “we,” “us,” or the “Company”), a global leading digital wealth management platform, today announced Fourth Quarter and Full Year 2025 Unaudited Financial Results.

Management Commentary

Michael Wu, Chairman of the Board and CEO of Amber International, commented, “Fiscal 2025 was a defining year for Amber International. In our first full year as a Nasdaq-listed company, we grew total revenue to US$66.1 million, and achieved our first profitable year on a GAAP continuing-operations basis, representing a US$27.9 million turnaround from our 2024 results. Our Amber Premium operations generated US$50.2 million in revenue with 572.1% growth, and Adjusted EBITDA turned positive at US$4.7 million — a US$9.9 million swing year-over-year.”

“These results provide the financial bedrock to build what we believe will define the next generation of digital wealth management. Today, we are introducing A-Suite: a cohesive architecture of three AI-native operating systems designed to coordinate on-chain liquidity, yield generation, and asset distribution at scale. We are building the financial infrastructure for the AI agent economy, where digital assets serve as the economic rails and financial services evolve into agent-native operating systems.”

Vicky Wang, President of Amber International, added, “Our 2025 fiscal year results demonstrate the unmatched quality of our revenue and our clear differentiation from the broader digital asset market. Wealth Management Solutions delivered US$34.9 million for the full year — a 463.6% increase — and constitutes nearly seventy percent of Amber Premium segment revenue. Our platform gross margin reached 74.8%, up from 33.4% a year ago, showing our profitability profile that now aligns with  institutional-grade wealth management platforms. Furthermore, closing 2025 with an average of US$1.3 million in Assets on Platform per active client underscores our success in building a premier, institutional-grade platform.”

“Building upon this optimized foundation, 2026 is the year we continue to scale globally. While we continue to advance our product innovations through new tokenized assets and expand our OTC Market Share by optimizing execution workflows, a meaningful catalyst for our business is our regulatory milestone. Leveraging our VARA VASP license granted on April 2, 2026, we have unlocked expanded access to one of the fastest-growing UAE HNWI markets, positioning Amber as one of the few regulated, pan-Asian digital asset wealth platforms capable of serving this client base at institutional standards.”

Fourth Quarter and Full Year 2025 Highlights

Total Revenue: Reached US$16.3 million in Q4 2025, a 240.6% increase from US$4.8 million in Q4 2024. For the full year 2025, total revenue reached US$66.1 million, a 784.1% increase from US$7.5 million in 2024.Wealth Management Solutions Revenue: Reached approximately US$5.9 million in Q4 2025, a 33.4% increase from US$4.4 million in Q4 2024. For the full year 2025, Wealth Management Solutions revenue reached US$34.9 million, a 463.6% increase from US$6.2 million in 2024, representing 69.5% of Amber Premium segment revenue.Gross Profit: Reached US$12.1 million in Q4 2025 at a gross margin of 74.2%, compared to 28.9% in Q4 2024. For the full year 2025, gross profit reached US$49.4 million at a gross margin of 74.8%, compared to 33.4% in 2024.Non-GAAP Adjusted EBITDA from continuing operations: US$50 thousand in Q4 2025, versus a loss of US$1.6 million in Q4 2024. For the full year 2025, Adjusted EBITDA was US$4.7 million, or 7.1% of revenue, improved from a loss of US$5.2 million in 2024.Client Assets on Platform[1]: Stood at US$1.3 billion as of December 31, 2025. Client Assets per Active Client[2] reached US$1.3 million as of December 31, 2025, reflecting the Company’s differentiated client profile.Cumulative KYC’ed Users[3]: Reached 5,229 as of December 31, 2025, up 16.7% from December 31, 2024.

[1] Client Assets on Platform is defined as the total U.S. dollar equivalent value of client assets as of a specific date.

[2] An Active Client is defined as a client who has conducted at least one transaction during any consecutive three months ended as of a specific date, or whose assets under management with the Company greater than US$10 thousand as of a specific date.

[3] Cumulative KYC’ed Users is defined as the total number of clients that completed the Company’s Know Your Customer identity verification as of a specific date. The Company does not offer or provide any services to registered users who have not successfully completed the Know Your Customer identity verification process.

Business Developments and Strategic Updates

In fiscal year 2025, Amber International delivered strong operational and financial performance, completed its first full year as a Nasdaq-listed public company, and executed on several strategic initiatives to expand its addressable market.

Multi-Jurisdiction Regulatory Platform: On April 2, 2026, the Company’s Dubai subsidiary, Amber Premium FZE, received its Virtual Asset Service Provider (VASP) Licence from the Virtual Assets Regulatory Authority (VARA), authorizing regulated VA Broker-Dealer, VA Management and Investment, and VA Lending and Borrowing services. Under the SCA-VARA cooperation framework, this authorization enables the Company to service the broader UAE market under a unified regulatory standard. In Singapore, Sparrow Tech Private Limited, a wholly owned subsidiary of the Company, holds a Major Payment Institution (MPI) licence issued by the Monetary Authority of Singapore. In Hong Kong, the Company, together with Amber Group, continues to advance applications for a VATP licence and SFC Type 1 & 7 licences via WhaleFin Markets Limited and its wholly-owned subsidiary, Amber Custodian Services Limited[4].

High-Quality Revenue Mix and Margin Expansion: Throughout 2025, management continued its deliberate focus on higher-quality and higher-margin revenue streams. Wealth Management Solutions revenue reached US$34.9 million — a 463.6% increase — driven by robust demand for structured products and institutional advisory services. Wealth Management now represents 69.5% of Amber Premium segment revenue, giving the Company one of the highest recurring revenue mixes among peers. Platform gross margin expanded from 33.4% to 74.8%, approaching the profitability profile of an institutional-grade wealth management platform.

Strengthening Client Metrics: Assets on Platform per active client ended the year at  US$1.3 million as of December 31, 2025, a metric that significantly differentiates our institutional-grade digital wealth management platform from the retail-focused peers. The Amber Premium community ended the fiscal year with 988 active clients demonstrating exceptional retention through the Q4 market correction. Cumulative KYC’ed users grew 16.7% year-over-year to a record 5,229, representing a highly lucrative pipeline for future capital activation. This growth potential will be further accelerated by our newly secured regulatory licenses, which unlock massive external client expansion opportunities across key global wealth hubs.

AI Integration and MIA Deployment: The Company continued to deepen AI integration across its operations. MIA, the Company’s first in-house developed AI agent, has been deployed externally for content generation, social media consistency, and investor engagement, and internally as a proactive workspace assistant accelerating workflows via a proprietary skill hub and secure internal database.

[4] While WhaleFin Markets Limited (“WML”)  and its subsidiary are not currently subsidiaries of the Company, the Company will acquire 100% of the equity interests in WML as part of the DWM Asset Restructuring contemplated in the Merger (as defined below), subject to relevant regulatory approvals. Pending such completion, the Company is entitled to the economic benefits of WML and its subsidiary through existing intercompany arrangements.

Share Repurchase Program

On November 26, 2025, the Company announced a share repurchase program authorizing the purchase of up to US$50.0 million of its ADSs over a 12-month period commencing December 1, 2025. As of December 31, 2025, the Company had repurchased a total of 516,703 ADSs under this program for an aggregate consideration of approximately US$0.9 million. As of December 31, 2025, approximately US$49.1 million remained available for future repurchases under the program, providing significant capacity for opportunistic repurchases alongside continued growth investment.

Fourth Quarter and Full Year 2025 Financial Results Summary

On March 12, 2025, iClick Interactive Asia Group Limited (“iClick”) completed its merger (the “Merger”) with Amber DWM Holding Limited (“Amber DWM”)[5] . The Merger is accounted for as a reverse acquisition for accounting purposes. Accordingly, the Merger is treated as the equivalent of Amber DWM issuing shares for the acquisition of iClick, accompanied by a recapitalization, for accounting purposes. The financial results of iClick have been included in our consolidated financial results since March 12, 2025. We completed one of the disposals in October 2025, and as of the end of year 2025, certain operations under iClick were classified as held-for-sale.

The following table sets forth the key financial metrics of the Company for the periods indicated.

Three Months Ended December 31,

Year Ended December 31,

(US$ in thousands, except per share data; unaudited)

2025

2024

Percentage
change

2025

2024

Percentage
change

Financial Metrics:

Revenue

  Wealth Management Solutions

5,935

4,448

33.4 %

34,909

6,194

463.6 %

  Execution Solutions

3,391

157

2,059.9 %

11,243

320

3,413.4 %

  Payment Solutions

1,231

191

544.5 %

4,086

961

325.2 %

Sub-total of Amber Premium Business[6]

10,557

4,796

120.1 %

50,238

7,475

572.1 %

  Marketing and Enterprise Solutions

5,780

—

N/M

15,851

—

N/M

Total revenue

16,337

4,796

240.6 %

66,089

7,475

784.1 %

Gross profit

12,128

1,387

774.4 %

49,436

2,495

1,881.4 %

Operating income/(loss)

1,159

(1,055)

N/M

2,595

(5,306)

N/M

Net income/(loss) from continuing operations

827

(12,099)

N/M

4,665

(23,273)

N/M

Diluted net income/(loss) from continuing

  operations per American Depositary Shares

  (“ADS”)

0.01

(0.20)

N/M

0.05

(0.38)

N/M

Adjusted EBITDA from continuing operations[7]

50

(1,559)

N/M

4,694

(5,158)

N/M

Adjusted net income/(loss) from continuing

  operations[7]

937

(1,629)

N/M

4,858

(5,433)

N/M

Diluted adjusted net income/(loss) per ADS

  from continuing operations[7]

0.01

(0.03)

N/M

0.06

(0.09)

N/M

 

[5] In connection with the Merger, we entered into intercompany services agreements with certain wholly owned subsidiaries of our parent, Amber Group. These agreements would afford us with substantially the same economic benefits as the transactions contemplated under the merger agreement signed in connection with the Merger, pending certain regulatory approvals for DWM Asset Restructuring contemplated under the merger agreement. This includes our entitlement to 100% of the consolidated net income generated from certain contracts associated with WhaleFin Technologies Limited (“WFTL”) (the “WFTL Assigned Contracts”) effective from January 1, 2025 to October 27, 2025, and our entitlement to 100% of the consolidated net income generated from certain contracts associated with AG Global Technology Limited Inc. (“AGTL”) (the “AGTL Assigned Contracts”) effective from October 28, 2025. Therefore, our results for the three months and year ended December 31, 2025 have included the net income from WFTL Assigned Contracts and AGTL Assigned Contracts (collectively, the “Assigned Contracts”), which was not reflected in our results for the corresponding periods in 2024.

[6] Amber Premium business comprises our Wealth Management Solutions, Execution Solutions, and Payment Solutions.

[7] For more details on these non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.

Fourth Quarter 2025 Results:

Revenue for the fourth quarter of 2025 was US$16.3 million, representing a 240.6% increase year-over-year. The solid performance was contributed by the substantial growth in Amber Premium Business reflected by the Assigned Contracts[8], in addition with the Marketing and Enterprise Solutions following the Merger:

Revenue from Wealth Management Solutions was US$5.9 million in the fourth quarter of 2025, up from US$4.4 million in the same period a year earlier. The growth was driven by stronger institutional adoption of our offerings, supported by the increasing demand for our expanded and advanced investment products and services.Revenue from Execution Solutions reached US$3.4 million in the fourth quarter of 2025, grew from US$0.2 million in the same period of 2024, together with the increase in client trading activities with us and improved fee rate and spread mix during the quarter.Revenue from Payment Solutions rose to US$1.2 million in the fourth quarter of 2025, from US$0.2 million for the same period of 2024, benefited from the and continued structural growth in stablecoin-based payment flows for risk-off positioning and treasury management.Marketing and Enterprise Solutions revenue was US$5.8 million in the fourth quarter of 2025, generated from online marketing, SaaS products and services from iClick.

[8] For purposes of this release, unless otherwise indicated, the financial results discussed under “Amber Premium Business” include the net income attributable to the Company from the Assigned Contracts under the intercompany services agreements as described above.

Gross profit for the fourth quarter of 2025 was US$12.1 million, compared to US$1.4 million in the same period of 2024. Gross profit margin reached 74.2% in the fourth quarter of 2025, from 28.9% in the fourth quarter of 2024. These improvements were mainly driven by the continuous growth of higher-margin Amber Premium offerings and marketing and enterprise solutions.

Total operating expenses were US$11.0 million in the fourth quarter of 2025, increased from US$2.4 million in the same period of 2024. The change reflected our strategic business expansion, accompanied by higher personnel expenses, technology and development expenses, and legal and professional fees.

Operating income was US$1.2 million in the fourth quarter of 2025, compared to US$1.1 million operating loss in the same period of 2024, driven by the growth of higher-margin services, partially offset by increased expenses for expansion.

Other losses, net were US$1.6 million in the fourth quarter of 2025, versus US$11.1 million in the fourth quarter of 2024. The losses in the fourth quarter of 2025 were mainly attributable to the fair value change of crypto assets loan receivables and digital assets, partially offset by the write-off of certain other payables, whereas the losses in the fourth quarter of 2024 were primarily represented the unrealized loss in fair value of digital assets from a related party, which was waived prior to the Merger.

Net income from continuing operations improved to US$0.8 million in the fourth quarter of 2025 from a net loss of US$12.1 million in the same period of 2024.

Adjusted EBITDA from continuing operations was US$50 thousand, versus a loss of US$1.6 million in the same period of 2024. Adjusted net income from continuing operations was US$0.9 million, versus adjusted net loss of US$1.6 million a year earlier.

Net loss from discontinued operations was US$0.3 million in the fourth quarter of 2025, attributable to the financial results of certain operations under iClick that were either disposed of during the quarter or classified as held-for-sale as of quarter end.

Full Year 2025 Results:

Revenue for 2025 surged to US$66.1 million, representing a 784.1% increase year-over-year. The strong momentum was driven by incremental contribution from the growth in the core Amber Premium Business, and the Marketing and Enterprise Solutions following the Merger on March 12, 2025:

Revenue from Wealth Management Solutions reached US$34.9 million in 2025, reflecting robust growth from US$6.2 million in 2024 and broader adoption of our offerings, supported by the strong demand on our diversified investment products and services, including new accumulator/decumulator products introduced in the fourth quarter of 2024.Revenue from Execution Solutions surged to US$11.2 million in 2025, compared to US$0.3 million a year earlier, fueled by the increase in client trading activities with us and improved average fee rate and spread mix throughout the year.Revenue from Payment Solutions rose to US$4.1 million in 2025, from US$1.0 million in 2024, mainly resulting from increased volumes.Marketing and Enterprise Solutions revenue was US$15.9 million in 2025.

Gross profit in 2025 reached US$49.4 million, up from US$2.5 million in 2024. Gross profit margin surged to 74.8% in 2025, from 33.4% in 2024. The substantial growth was mainly contributed from the accelerated growth in Amber Premium business and higher-margin marketing and enterprise solutions.

Total operating expenses were US$46.8 million in 2025, compared to US$7.8 million in 2024, primarily due to higher personnel expenses, technology infrastructure and software services expenses, and legal and professional service fees associated with business expansion and new products and services development.

Operating income was US$2.6 million in 2025, a substantial improvement from the operating loss of US$5.3 million in 2024, driven by a significant increase in gross profit and strengthened operating leverage.

Other gains, net were US$0.5 million in 2025, compared to other losses, net of US$18.1 million in 2024. Other gains, net in 2025 mainly represents the write-off of certain other payables, dividend income from investment, and investment gains during the year, partially offset by fair value change of crypto asset loan receivables and digital assets. The losses in 2024 mainly represented the unrealized fair value loss of digital assets on loan from a related party, and the loan was subsequently waived.

Net income from continuing operations was US$4.7 million in 2025, representing a turnaround from net loss from continuing operations of US$23.3 million in 2024.

Adjusted EBITDA and adjusted net income from continuing operations reached US$4.7 million and US$4.9 million, respectively, in 2025, achieving profitability from adjusted EBITDA loss of US$5.2 million and adjusted net loss of US$5.4 million in 2024.

Net loss from discontinued operations was US$2.0 million in 2025.

Balance Sheet Highlights

As of December 31, 2025, the Company had cash and cash equivalents, time deposits and restricted cash of US$33.9 million, compared to US$9.3 million as of December 31, 2024.

Operating Data

In addition to the measures presented in our consolidated financial statements, we use the operating metrics listed below to evaluate our business, measure our performance, identify trends and make strategic decisions:

As of December 31,

(US$ in thousands, unless specified)

2025

2024

Percentage
change

Operating Metrics[9]:

Cumulative KYC’ed users (in number)

5,229

4,479

16.7 %

Active clients (in number)

988

985

0.3 %

Client assets on platform

1,318,413

1,478,884

(10.9 %)

For the three months ended December 31,

2025

2024

Percentage
change

New onboarded KYC’ed users[10] (in number)

161

230

(30.0 %)

Execution trading volume[11]

2,341,376

2,964,789

(21.0 %)

Payment trading volume[12]

533,753

369,358

44.5 %

 

[9] The operating metrics presented in this press release include operating data from Sparrow business and the Assigned Contracts. While the relevant entities were not consolidated subsidiaries of the Company throughout the relevant periods, their operating data have been included on a pro forma basis for illustrative purposes assuming the completion of DWM Asset Restructuring contemplated in the Merger. As of the date of this earnings release, other than the consolidation of Sparrow business following the relevant regulatory approval in April 2025, the DWM Asset Restructuring has not been completed.

[10] New onboarded KYC’ed user is defined as the number of clients that completed the Company’s Know Your Customer onboarding procedures during the period.

[11] Execution trading volume is defined as the total U.S. dollar equivalent value of two-side spot matched trades transacted of crypto assets between a buyer and seller through the Company, and excluding the deposit or withdrawal of crypto assets during the period.

[12] Payment trading volume is defined as the total U.S. dollar equivalent value of one-side on/off-ramp through the Company during the period.

Outlook

Based on the information available as of the date of this press release, the Company provides the following revenue outlook of Amber Premium business:

First Quarter 2026:

Revenue of Amber Premium business is estimated to be between US$5.1 million and US$5.6 million.

While the broader market downtrend we navigated in the fourth quarter of 2025 has continued into the first quarter of 2026, we are utilizing this period for purposeful strategic optimization. We continue to strategically streamline our resources and fulfill stringent regulatory requirements across our active jurisdictions. With greater regulatory visibility—culminating in the milestone receipt of our VARA VASP license in Dubai—we are proactively refining our client base to focus exclusively on high-value, compliant relationships. This intentional contraction prioritizes the depth and profitability of our network over sheer volume, ensuring we continue to enhance our competitiveness as a sustainable, institutional-grade digital wealth management platform through 2026 and beyond.

Please also refer to the factors set out under the section titled “Safe Harbor Statement.”

Conference Call

The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on April 28, 2026 (8:00 PM Singapore time on April 28, 2026). Participants are asked to use one of the following teleconferencing numbers to participate in the call and reference the Access ID number 13760041. The Company requests that participants dial in 10 minutes before the conference call begins.

Participant Dial-in Numbers:
Toll Free: 1-844-539-3703
Toll/International: 1-412-652-1273

The conference call will also be available via a live webcast at
https://viavid.webcasts.com/starthere.jsp?ei=1759715&tp_key=74466dd863

Replay Dial-in Numbers:
Toll Free: 1-844-512-2921
Toll/International:1-412-317-6671
Replay Pin Number: 13760041

A replay of the call will be available on Tuesday, April 28, 2026, after 12:00 PM ET through Tuesday, May 12, 2026 at 11:59 PM ET.

The Company’s earnings release and investor presentation will be available shortly after issuance in the Investor Relations section of Amber International’s website at https://ir.ambr.io. 

About Amber International Holding Limited

Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name “Amber Premium,” is a global leading digital wealth management platform. As a private banking grade expert in digital wealth management and a subsidiary of Amber Group, Amber Premium is a trusted partner to high-net-worth individuals and leading institutions, delivering institutional-grade market access, execution infrastructure, and investment solutions. The firm is set to redefine the digital wealth management landscape, serving as a proven Nasdaq-listed gateway to digital assets. Learn more at www.ambr.io.

Non-GAAP Financial Measures

The Company uses adjusted EBITDA from continuing operations, adjusted net income/(loss) from continuing operations, and diluted adjusted net income/(loss) from continuing operations per ADS, each a non-GAAP financial measure, in evaluating the Company’s operating results and for financial and operational decision-making purposes. The Company believes that adjusted EBITDA from continuing operations, adjusted net income/(loss) from continuing operations, and diluted adjusted net income/(loss) from continuing operations per ADS help identify underlying trends in the Company’s business that could otherwise be distorted by the effect of the expenses and gains that the Company includes in net income/(loss). The Company believes that adjusted EBITDA from continuing operations and adjusted net income/(loss) from continuing operations provide useful information about the Company’s operating results, enhance the overall understanding of the Company’s past performance and future prospects, assess operating performance on a consistent basis, and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

Adjusted EBITDA from continuing operations, adjusted net income/(loss) from continuing operations, and diluted adjusted net income/(loss) from continuing operations per ADS should not be considered in isolation or construed as an alternative to net income/(loss) or any other measure of performance or as an indicator of the Company’s operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted EBITDA from continuing operations, adjusted net income/(loss) from continuing operations, and diluted adjusted net income/(loss) from continuing operations per ADS presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. The Company encourages investors and others to review the Company’s financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.

These non-GAAP financial measures were presented with the most directly comparable GAAP financial measures together for facilitating a more comprehensive understanding of operating performance between periods.

Important Notice Regarding Preliminary Financial Information

The financial information presented herein is preliminary and unaudited, and is subject to change in connection with the completion of the Company’s financial closing and audit procedures.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements.  Further information regarding these and other risks is included in the Company’s annual reports on Form 20-F and other filings with the SEC. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Media & Investor Contacts

In Asia:

Amber International Holding Limited

Media Relations Team

Phone: +65 6022 0228

E-mail: pr@ambr.io  | ir@ambr.io 


In the United States:

International Elite Capital Inc.

Annabelle Zhang

Tel: +1 (646) 866-7928

E-mail: amber@iecapitalusa.com

 (financial tables follow)

AMBER INTERNATIONAL HOLDING LIMITED

Unaudited Condensed Consolidated Statements of Comprehensive (Loss)/Income

(US$’000, except share data and per share data, or otherwise noted)

Three Months Ended

December 31,

Year Ended

December 31,

2025

2024

2025

2024

Continuing operations

Revenue

16,337

4,796

66,089

7,475

Cost of revenue

(4,209)

(3,409)

(16,653)

(4,980)

Gross profit

12,128

1,387

49,436

2,495

Operating expenses

Research and development expenses

(1,201)

(129)

(10,812)

(452)

Sales and marketing expenses

(2,074)

(26)

(7,933)

(80)

General and administrative expenses

(7,694)

(2,287)

(28,096)

(7,269)

Total operating expenses

(10,969)

(2,442)

(46,841)

(7,801)

Operating income/(loss)

1,159

(1,055)

2,595

(5,306)

Finance income, net

238

19

548

104

Other (losses)/gains, net

(1,616)

(11,063)

505

(18,071)

(Loss)/income from continuing operations before share of

  losses from an equity investee and income tax credit

(219)

(12,099)

3,648

(23,273)

Share of losses from an equity investee

(12)

—

(50)

—

(Loss)/income from continuing operations before income tax

  credit

(231)

(12,099)

3,598

(23,273)

Income tax credit

1,058

—

1,067

—

Net income/(loss) from continuing operations

827

(12,099)

4,665

(23,273)

Net income attributable to non-controlling interests

—

—

—

—

Net income/(loss) from continuing operations

  attributable to the Company’s ordinary shareholders

827

(12,099)

4,665

(23,273)

Discontinued operations

Net loss from discontinued operations

(258)

—

(2,035)

—

Net loss attributable to non-controlling interests

1

—

1,121

—

Net loss from discontinued operations attributable to

  the Company’s ordinary shareholders

(257)

—

(914)

—

Net income/(loss)

569

(12,099)

2,630

(23,273)

Net income/(loss) attributable to the Company’s ordinary

  shareholders

570

(12,099)

3,751

(23,273)

Net income/(loss) from continuing operations

827

(12,099)

4,665

(23,273)

Other comprehensive loss:

Foreign currency translation adjustment, net of US$nil tax

(1,308)

—

(1,309)

—

Comprehensive (loss)/income from continuing operations

  attributable to the Company’s ordinary shareholders

(481)

(12,099)

3,356

(23,273)

Three Months Ended

December 31,

Year Ended

December 31,

2025

2024

2025

2024

Net loss from discontinued operations

(258)

—

(2,035)

—

Other comprehensive income/(loss):

Foreign currency translation adjustment, net of US$nil tax

—

—

—

—

Comprehensive loss from discontinued operations

(258)

—

(2,035)

—

Comprehensive loss from discontinued operations

  attributable to noncontrolling interests

—

—

(15)

—

Comprehensive loss from discontinued operations

  attributable to the Company’s ordinary shareholders

(258)

—

(2,050)

—

Comprehensive (loss)/income attributable to the

  Company’s ordinary shareholders

(739)

(12,099)

1,306

(23,273)

Net income/(loss) from continuing operations per ADS

  attributable to the Company’s ordinary shareholders

— Basic

0.01

(0.20)

0.05

(0.38)

— Diluted

0.01

(0.20)

0.05

(0.38)

Weighted average number of ADS used in per share

  calculation:

— Basic

93,762,225

61,966,949

86,636,218

61,966,949

— Diluted

93,775,581

61,966,949

86,649,319

61,966,949

Net loss from discontinued operations per ADS attributable

  to the Company’s ordinary shareholders

— Basic

(0.00)

—

(0.01)

—

— Diluted

(0.00)

—

(0.01)

—

Weighted average number of ADS used in per share

  calculation:

— Basic

93,762,225

61,966,949

86,636,218

61,966,949

— Diluted

93,762,225

61,966,949

86,636,218

61,966,949

Net income/(loss) per ADS attributable to the Company’s

  ordinary shareholders

— Basic

0.01

(0.20)

0.04

(0.38)

— Diluted

0.01

(0.20)

0.04

(0.38)

Weighted average number of ADS used in per share

  calculation:

— Basic

93,762,225

61,966,949

86,636,218

61,966,949

— Diluted

93,775,581

61,966,949

86,649,319

61,966,949

   

 

 

AMBER INTERNATIONAL HOLDING LIMITED

Unaudited Condensed Consolidated Statements of Financial Position

(US$’000)

As of December 31, 2025

As of December 31, 2024

Assets

Current assets

Cash and cash equivalents, time deposits and restricted cash

33,902

9,326

Accounts receivable, net of allowance for credit losses of US$1,855 and

  US$nil as of December 31, 2025 and December 31, 2024 respectively

5,490

12

Crypto assets loan receivables

42,141

69,934

Digital assets

45,958

4,832

Amounts due from related parties

32,371

11,533

Collateral receivables

3,407

14,414

Other current assets, net of allowance for credit losses of US$nil and

  US$nil as of December 31, 2025 and December 31, 2024, respectively

33,646

2,184

Assets held for sale

17

—

Total current assets

196,932

112,235

Non-current assets

Goodwill

53,136

16,735

Intangible assets

2,949

160

Other assets

3,362

704

Total non-current assets

59,447

17,599

Total assets

256,379

129,834

Liabilities and equity

Current liabilities

Accounts payable

3,080

763

Collateral payables

10,941

14,414

Liabilities due to customers

69,926

71,523

Payable to related parties

48,031

9,980

Other current liabilities

12,043

2,884

Liabilities held for sale

1,277

—

Total current liabilities

145,298

99,564

Non-current liabilities

Other liabilities

769

485

Total non-current liabilities

769

485

Total liabilities

146,067

100,049

Equity

Share capital

90,061

13,500

Accumulated losses

(33,139)

(36,890)

Reserve

53,390

53,175

Total equity

110,312

29,785

Total equity and liabilities

256,379

129,834

AMBER INTERNATIONAL HOLDING LIMITED

Unaudited Reconciliations of GAAP and Non-GAAP Results
(US$’000, except share data and per share data, or otherwise noted)

Adjusted EBITDA from continuing operations represents net income/(loss) from continuing operations before (i) depreciation and amortization, (ii) finance income, net, (iii) income tax credit, (iv) share-based compensation, (v) other gains, net, (vi) unrealized loss in fair value of digital assets, and (vii) cost related to merger.

The table below sets forth a reconciliation of the Company’s adjusted EBITDA from continuing operations from net income/(loss) from continuing operations for the periods indicated:

Three Months Ended

December 31,

Year Ended

December 31,

2025

2024

2025

2024

Net income/(loss) from continuing operations

827

(12,099)

4,665

(23,273)

Add/(less):

Depreciation and amortization

409

89

1,451

379

Finance income, net

(238)

(19)

(548)

(104)

Income tax credit

(1,058)

—

(1,067)

—

EBITDA from continuing operations

(60)

(12,029)

4,501

(22,998)

Add/(less):

Share-based compensation

(220)

—

591

—

Other gains, net

(972)

(81)

(2,144)

(167)

Unrealized loss in fair value of digital assets

1,302

10,551

1,302

18,007

Cost related to merger[13]

—

—

444

—

Adjusted EBITDA from continuing operations

50

(1,559)

4,694

(5,158)

Adjusted net income/(loss) from continuing operations represents net income/(loss) from continuing operations before (i) share-based compensation, (ii) other gains, net, (iii) unrealized loss in fair value of digital assets, and (iv) cost related to merger. There are no material tax effects on these non-GAAP adjustments.

The table below sets forth a reconciliation of the Company’s adjusted net income/(loss) from continuing operations from net income/(loss) from continuing operations for the periods indicated:

Three Months Ended

December 31,

Year Ended

December 31,

2025

2024

2025

2024

Net income/(loss) from continuing operations

827

(12,099)

4,665

(23,273)

Add/(less):

Share-based compensation

(220)

—

591

—

Other gains, net

(972)

(81)

(2,144)

(167)

Unrealized loss in fair value of digital assets

1,302

10,551

1,302

18,007

Cost related to merger[13]

—

—

444

—

Adjusted net income/(loss) from continuing operations

937

(1,629)

4,858

(5,433)

 

[13] Cost related to the merger relates to legal and professional fees.

The diluted adjusted net income/(loss) from continuing operations per ADS for the periods indicated are calculated as follows:

Three Months Ended

December 31,

Year Ended

December 31,

2025

2024

2025

2024

Net income/(loss) from continuing operations

827

(12,099)

4,665

(23,273)

Add: Non-GAAP adjustments

110

10,470

193

17,840

Adjusted net income/(loss) from continuing operations

937

(1,629)

4,858

(5,433)

Denominator for diluted net income/(loss) from

  continuing operations per ADS – Weighted average

  ADS outstanding

93,775,581

61,966,949

86,649,319

61,966,949

Denominator for diluted adjusted net income/(loss)

  from continuing operations per ADS – Weighted

  average ADS outstanding

93,775,581

61,966,949

86,649,319

61,966,949

Diluted net income/(loss) from continuing operations

  per ADS

0.01

(0.20)

0.05

(0.38)

Add: Non-GAAP adjustments

0.00

0.17

0.01

0.29

Diluted adjusted net income/(loss) from continuing

  operations per ADS

0.01

(0.03)

0.06

(0.09)

 

 

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SOURCE Amber International Holding Limited

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Pixelworks and Kinepolis Partner to Bring TrueCut Motion Format to Audiences

Published

55 minutes ago

on

June 22, 2026

By

LOS ANGELES, June 22, 2026 /PRNewswire/ — Pixelworks, Inc. (NASDAQ: PXLW) (“Pixelworks” or the “Company”), a provider of innovative cinematic and enhanced visualization solutions, today announced a collaborative partnership with Kinepolis Group, a market leader in cinema entertainment, to support the expanded exhibition of TrueCut Motion-enhanced versions of newly released theatrical titles on their Laser Ultra premium large format screens as part of delivering the ultimate movie experience.

The collaboration aims to bring together Kinepolis’ expansive portfolio of premium screens with TrueCut Motion – the most visually refined cinematic version format available – to provide audiences an unmatched viewing experience exactly as the filmmakers intended and without distracting motion artifacts.

“At Kinepolis, we are committed to continuously enhancing the cinematic experience for our audiences. Partnering with Pixelworks to support the TrueCut Motion format on our Laser ULTRA PLF screens allows us to present films with exceptional clarity and motion fidelity, exactly as filmmakers intend”, said Eddy Duquenne, CEO of Kinepolis Group. “TrueCut Motion-enhanced versions will further elevate the premium experience we offer our moviegoers.”

“We’re delighted to partner with Kinepolis Group to introduce TrueCut Motion to their extensive network of premium cinemas across Europe and North America,” stated Sevan Brown, Pixelworks EVP Business Development. “This collaboration combines TrueCut Motion’s cutting-edge motion grading for unmatched clarity, depth and immersion—while faithfully preserving creators’ intent—with Kinepolis’ state-of-the-art screens and commitment to delivering the ultimate cinematic experience, enhancing cinematic entertainment to millions of moviegoers.”

TrueCut Motion is an award-winning technology breakthrough that provides filmmakers with an extended palette of motion looks that has never been possible before. The powerful TrueCut Motion platform allows filmmakers to fine-tune or enhance the motion look of all the action, shot-by-shot, in post-production, while keeping the intended cinematic look and feel intact. The TrueCut Motion platform then ensures that these creative choices are delivered consistently across every screen and optimized on any viewing device — spanning theaters, televisions, mobile and next-generation headsets — in both 3D and standard 2D environments.

About Kinepolis

Kinepolis Group NV was formed in 1997 as a result of the merger of two family-run cinema groups and was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering model within the industry. In addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management.

Kinepolis Group NV operates 63 cinemas across Europe, including Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. The Group also operates 35 cinemas in Canada under the Landmark Cinemas brand, and 24 in the United States under the MJR Theatres and Emagine brands.

In total, Kinepolis Group currently operates 122 cinemas worldwide, with a total of 1,314 screens and more than 220,000 seats. Kinepolis’ employees are all committed to giving millions of visitors an unforgettable movie experience. More information on www.kinepolis.com/corporate.

About Pixelworks

Pixelworks, Inc. (NASDAQ: PXLW) is a technology licensing company specializing in cinematic visualization solutions, including industry-leading content creation, delivery and display processing solutions that enable highly authentic viewing experiences with superior visual quality. Pixelworks has more than 20 years of delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services.

About TrueCut Motion

TrueCut Motion is a powerful video platform from Pixelworks that provides filmmakers with a new palette for motion. It enables shot-by-shot motion grading, allowing creators to manage judder, motion blur, and frame rates to achieve a consistent, cinematic look across all screens.

For more information on TrueCut Motion, visit: www.truecutmotion.com

Pixelworks and TrueCut Motion are trademarks of Pixelworks, Inc.

 

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SOURCE Pixelworks, Inc.

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DAVION HEALTHCARE ADOPTS DIRECT COMMERCIALISATION STRATEGY AND ESTABLISHES UK DISTRIBUTION PLATFORM

Published

55 minutes ago

on

June 22, 2026

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DUBLIN, June 22, 2026 /PRNewswire/ — Davion Healthcare Plc (“Davion” or the “Company”), a next-generation digital healthcare company developing non-invasive, remote health monitoring solutions for the early detection of medical anomalies associated with serious health conditions, today announces an evolution of its commercial model designed to support the international rollout of its product portfolio and future acquisition strategy.

As previously announced, Davion continues to progress its proposed direct listing on the Nasdaq Global Market and remains engaged with the ongoing SEC review process. Management remains focused on executing the Company’s growth strategy and advancing its commercial initiatives.

Following a review of its commercial strategy, the Board has decided to move to a direct commercialisation model, enabling Davion and its subsidiaries to transact directly with regional distribution partners and customers in its target markets.

As part of this transition, the Company has exercised its contractual rights to terminate its existing global licensing and distribution arrangements relating to Davion BreastCheck.

The Board believes that direct commercialisation will provide Davion with greater control over product strategy, commercial execution and customer relationships, while establishing a scalable commercial platform capable of supporting both the Company’s existing product portfolio and future acquisitions.

To support this strategy, Davion further announces that it has entered into an agreement to acquire a controlling interest in Solar Medical and Chemical Limited (“Solar Medical”), a United Kingdom-based medical products distribution business.

Upon completion, Solar Medical is intended to become Davion’s principal commercial and distribution platform in the United Kingdom, supporting the rollout and market development of Davion BreastCheck, Davion FootFlow, Davion ThermaDerm and future products developed, acquired or commercialised by the Group.

The acquisition is intended to provide Davion with an owned UK operating capability and a scalable commercial infrastructure capable of supporting multiple products and serving as a platform for future acquisitions.

Outside the United Kingdom, Davion intends to appoint carefully selected regional distribution partners that will transact directly with Davion and its subsidiaries, including operating companies acquired or established by the Group from time to time.

The Board believes this model provides a scalable framework for international expansion and supports the continued development of Davion’s healthcare platform as the Company pursues its acquisition strategy.  The revised commercial structure offers several strategic advantages, including:

Direct oversight of product deployment and commercial execution;An owned UK commercial and distribution capability;Greater control over customer relationships and market development;A scalable platform capable of supporting multiple products and future acquisitions; andA flexible framework for international expansion through carefully selected regional partnerships.

Jack Kaye, CEO of Davion Healthcare Plc, commented:

“This transition marks an important step in Davion’s evolution, as our objective is to move beyond individual licensing arrangements and establish a scalable commercial platform capable of supporting multiple products across our portfolio.

“The addition of Solar Medical is intended to provide Davion with an owned operating capability in the United Kingdom and a scalable platform from which to support future growth and international expansion through carefully selected regional partnerships.

“We believe this structure places Davion in a stronger position to support the rollout of Davion BreastCheck, Davion FootFlow, Davion ThermaDerm and future products as we continue to build a broader healthcare platform.”

The Company expects to provide further updates regarding completion of the Solar Medical transaction, product deployment plans and regional partnership arrangements in due course.

Contacts

Media Enquiries:
media@davionhealthcare.com

For more information please visit:
https://www.davionhealthcare.com/

FORWARD LOOKING STATEMENTS

This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, those identified by words such as “believes,” “will,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects” and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in these forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, the results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the impact of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, and other risks discussed from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, or any information contained in this press release or in other public disclosures, at any time. Finally, the investing public is reminded that only announcements or information about Davion Healthcare Plc disseminated by the Company and bearing its name are considered official.

View original content:https://www.prnewswire.com/news-releases/davion-healthcare-adopts-direct-commercialisation-strategy-and-establishes-uk-distribution-platform-302805511.html

SOURCE DAVION HEALTHCARE PLC

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Hong Kong Green Shop Alliance Award 2026: Call for Submissions from Malls, Retailers and F&B Merchants in Hong Kong, Showcase Outstanding Sustainability Achievements

Published

55 minutes ago

on

June 22, 2026

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HONG KONG, June 22, 2026 /PRNewswire/ — The Hong Kong Green Shop Alliance Award 2026 (HKGSA Award 2026), organised by the Hong Kong Green Building Council (HKGBC) and funded by the Construction Industry Council (CIC), is now calling for submissions. Shopping malls, retailers and F&B merchants in Hong Kong are invited to apply by submitting green showcases or collaborative projects that demonstrate their sustainability achievements.

Now in its sixth edition, the HKGSA Award 2026 is built upon the themes of the HKGSA capacity building workshops held in 2025, aimed at recognising industry advancements in energy management, waste management, carbon management, and ESG practices. Entries will compete across three major categories, including the “Green Mall of the Year”, the “Green Shop of the Year” and the “Collaborative Project of the Year”. In addition, to encourage the industry to continuously elevate sustainability standards, alongside the existing “New Alliance Member” and “Excellent Green Product Advocator”, three new awards are specially introduced this year, namely “Special Recognition”, “Active Participation Award” and “Most Engaged Green Mall / Shop Practitioner”.

The HKGSA Award provides an excellent platform to showcase the contributions of malls and shops in driving a greener shopping environment while encouraging mutual learning among industry practitioners. Top awardees will gain various exposure opportunities to promote their green initiatives and sustainable achievements to the public through a wide range of promotional channels.

Submission Details

Online Submission: https://hkgsa.hkgbc.org.hk/textdisplay.php?serial=91&lang=enSubmission Deadline: 31 July 2026 (Friday)Eligibility: All entrants are required to submit green showcases or collaborative projects implemented in their malls or shops between 1 August 2024 and 30 June 2026.

Grand Award Categories

Grand Award

Details

Green Mall of the Year

To recognise malls and shops that have demonstrated exceptional leadership efforts in driving sustainability.

Green Shop of the Year

Collaborative Project of the Year

To recognise unique and innovative collaborative projects that drive sustainability improvements through engagement with various stakeholders.

Other Awards Granted by the Organiser

Award Category

Details

New Alliance Member

To recognise new members who have joined the HKGSA during 2025-2026.

Excellent Green Product Advocator

To recognise members’ efforts in green procurement through the adoption of certified green and low-carbon materials from CIC Green Product Certification.

New Awards

New Award

Details

Special Recognition

To honour malls or shops with outstanding performance in respective key areas (including energy management, waste management, carbon management and ESG practices) under the “Green Mall / Shop of the Year” category.

Active Participation Award

To recognise the long-term sustainability commitment of the malls and shops, this Award is presented to entrants of the HKGSA Award 2026 who have submitted green showcases or projects in the two previous editions of the Award.

Most Engaged Green Mall / Shop Practitioner

To recognise individual practitioners joining at least three HKGSA capacity building workshops in 2025-2026.

Key Dates

Now

Open for Submissions

6 July 2026

Online Briefing & Past Awardees’ Experience Sharing Session

31 July 2026

Submission Deadline

August 2026

Preliminary Assessment

3, 4, 7 September 2026

Final Assessment – Presentation to the Judging Panel

October 2026

Award Presentation Ceremony

For more details about the HKGSA Award 2026, please visit: https://hkgsa.hkgbc.org.hk/textdisplay.php?serial=55&lang=en

About the Hong Kong Green Building Council
The Hong Kong Green Building Council (HKGBC) is a non-profit, member-led organisation established in 2009 and has become a public body under the Prevention of Bribery Ordinance since 2016. The HKGBC strives to promote the standard and development of sustainable buildings in Hong Kong. The HKGBC also aims to raise green building awareness by engaging the government, the industry and the public, and to develop practical solutions for Hong Kong’s unique, subtropical built environment of high-rise, high density urban area, leading Hong Kong to achieve carbon neutrality by 2050 and to become a world’s exemplar of green building development. The Founding Members of the HKGBC include the Construction Industry Council (CIC), the Business Environment Council (BEC), the BEAM Society Limited (BSL) and the Professional Green Building Council (PGBC). 

To learn more about the HKGBC, please visit www.hkgbc.org.hk

About the Hong Kong Green Shop Alliance
Organised by the Hong Kong Green Building Council (HKGBC) and funded by the Construction Industry Council (CIC), the Hong Kong Green Shop Alliance provides an effective platform for encouraging more collaboration between shopping malls and shops in adopting green practices, ultimately elevating sustainability standards across the whole retail industry in Hong Kong. HKGSA has garnered support from over 1,200 Alliance Members, including 37 Developers, over 200 Shopping Malls, and over 1,000 Shops since its establishment.

To learn more about the HKGSA, please visit https://hkgsa.hkgbc.org.hk

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SOURCE Hong Kong Green Building Council (HKGBC)

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