Treasure Global Inc (TGL) Q4 2024 Earnings Report

Treasure Global Inc (TGL) reported QQ4 2024 results with a stark revenue base of $293 thousand, representing a year-over-year decline of approximately 98% and a quarterly decline of about 82%. Despite a meaningful improvement in gross profit margin to 31.0% from prior periods, the company remains EBITDA-negative and generates negative free cash flow as operating costs continue to overwhelm top-line growth on a small revenue base. The balance sheet shows a modest liquidity position (cash and equivalents of ~$0.20 million) with a heavy emphasis on intangible assets (approximately $3.13 million) and a substantial accumulated deficit, underscoring the ongoing need for scalable revenue growth or transformative monetization to reach profitability.