Amber International Holding Limited Reports First Quarter 2026 Unaudited Financial Results
Rhea-AI Summary
Amber International (Nasdaq: AMBR) reported Q1 2026 revenue of US$10.0 million, down from US$16.3 million in Q4 2025, with gross profit of US$6.8 million and a net loss from continuing operations of US$3.7 million.
Client assets on platform were about US$1.0 billion. The company launched A-MM, an agent-native liquidity operations system expected to start generating revenue from Q2 2026, advanced its Crypto for AI vision, and continued a US$50 million share repurchase program, with US$45.5 million remaining.
Positive
- Marketing and Enterprise Solutions revenue +287.9% year-over-year to US$4.3 million
- Cash, time deposits and restricted cash increased to US$36.5 million from US$33.9 million
- Total operating expenses reduced to US$10.0 million from US$11.0 million quarter-over-quarter
- Over 10% operating cost reduction in marketing and enterprise segment via AI integration
- Launch of A-MM, expected to contribute revenue from Q2 2026 onward
- US$50 million share repurchase program with US$45.5 million remaining capacity
Negative
- Total revenue down 30.9% year-over-year and 38.6% quarter-over-quarter to US$10.0 million
- Gross profit declined to US$6.8 million, with margin falling to 67.7% from 74.2%
- Net loss from continuing operations of US$3.7 million versus prior-quarter net income of US$0.8 million
- Adjusted EBITDA from continuing operations swung to US$3.2 million loss from small profit
- Client assets on platform down 26.3% quarter-over-quarter to about US$971 million
- Execution trading volume fell around 47% quarter-over-quarter to 1,236,231
News Market Reaction – AMBR
In the May 28 session, AMBR declined 2.42%, reflecting a moderate negative market reaction. Argus tracked a peak move of +15.1% during that session. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 28 | FY25 earnings | Positive | -5.0% | Breakthrough FY2025 with US$66.1M revenue and first full-year net income. |
| Sep 10 | Q2 2025 earnings | Positive | -2.8% | Strong Q2 2025 results driven by record wealth management revenue and asset growth. |
| May 28 | Q1 2025 earnings | Positive | -17.0% | Record Q1 2025 revenue with robust wealth management and asset expansion. |
| Apr 28 | FY24 earnings | Negative | +2.4% | 2024 full-year results with revenue decline and US$24M net loss from operations. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings-related headlines have consistently seen negative next-day moves, even when fundamentals or guidance appeared positive, indicating a pattern of downside divergence on earnings news.
Recent earnings releases for Amber International have often combined growth initiatives with volatile price reactions. The 2024 full-year update showed revenue of US$32.8M with a substantial net loss, while later Q1 2025 and Q2 2025 reports highlighted record revenues, rising client assets, and improving Adjusted EBITDA. The FY2025 report cited strong revenue of US$66.1M and first full-year net income. Despite this, all these earnings events were followed by share-price declines, a backdrop for today’s weaker Q1 2026 results and the stock’s pre-news downtrend.
Key Terms
non-gaap adjusted ebitda financial
know your customer regulatory
virtual asset service provider regulatory
vasp regulatory
execution trading volume technical
payment trading volume technical
restricted stock units financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Demonstrated the resilience of our high-quality client franchise despite a softer macro environment.
- Amber revealed the underlying operating system, introducing A-MM: an agent-native liquidity operations system.
- Oct C4AI day: A key milestone to sharing the Amber Agents architecture and a fuller picture of the operating core.
Management Commentary
Michael Wu, Chairman and Chief Executive Officer of Amber International, commented: "The first quarter of 2026 reflected a softer digital asset market environment, with industry trading volumes and asset prices declining further from already subdued levels. Our results moved with the cycle. What remained unchanged is the depth and durability of our core institutional and high-net-worth client relationships. In connection with our regulatory licensing process, we made a deliberate decision to streamline certain long-tail accounts, concentrating resources on higher-value, regulated relationships. During the quarter, we launched A-MM, the first flagship component of our A-Suite agent-native operating systems, marking an important step in extending our capabilities from the distribution layer into the operating infrastructure layer. We also introduced our Crypto for AI (C4AI) vision, positioning crypto as the financial infrastructure for the emerging agent economy. Our inaugural C4AI Investor Day is planned for October this year."
Vicky Wang, President of Amber Premium, said: "Q1 once again demonstrated the resilience of our high-quality client franchise despite a softer macro environment. While Execution and Payment Solutions activity moderated in line with the market cycle, our primary recurring revenue engine — Wealth Management Solutions — continued to perform steadily. Our core institutional and high-net-worth relationships remained intact, with Assets on Platform per active client holding stable at approximately
First Quarter 2026 Highlights
- Total Revenue:
US in Q1 2026. It was$10.0 million US in Q1 2025 and$14.5 million US in Q4 2025.$16.3 million - Wealth Management Solutions Revenue:
US in Q1 2026, representing$4.3 million 74.8% of Amber Premium segment revenue. It wasUS last quarter,$5.9 million 56.2% of Amber Premium segment revenue, andUS in Q1 2025, contributing$9.9 million 74.1% of Amber Premium segment revenue. - Gross Profit:
US in Q1 2026 at a gross margin of$6.8 million 67.7% . It amounted toUS last quarter with a gross margin of$12.1 million 74.2% , andUS with a gross margin of$10.9 million 75.5% in Q1 2025. - Non-GAAP Adjusted EBITDA from continuing operations:
US loss in Q1 2026, versus$3.2 million US thousand and$50 US in Q4 2025 and Q1 2025, respectively.$1.6 million - Client Assets on Platform[1]: Stood at approximately
US as of March 31, 2026. Client Assets per Active Client[2] reached approximately$1.0 billion US as of March 31, 2026, reflecting the Company's differentiated client profile.$1.2 million - Cumulative KYC'ed Users[3]: the Company had 4,401 cumulative KYC'ed users as of March 31, 2026, representing a modest
5.5% decline compared to March 31, 2025. During the first quarter of 2026, we streamlined certain client accounts in connection with our Virtual Asset Service Provider (VASP) license application inHong Kong and other regions. This can also enhance alignment with the updated regulatory requirements and strengthen our competitiveness, global suitability and compliance standards, positioning Amber Premium for sustainable growth.
[1] Client Assets on Platform is defined as the total [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 [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
The first quarter of 2026 reflected continued execution of the long-term strategy Amber has pursued since its founding. Amber was established on the conviction that crypto and artificial intelligence would converge to redefine the future of finance. This quarter's developments represent the natural progression of that thesis.
Building on Amber Premium's established position as a proven distribution layer — characterized by deep institutional and high-net-worth client relationships, a strong regulatory foundation, and consistent profitability — the Company is extending into the operating infrastructure layer beneath it. This evolution aims to create a more scalable, efficient, and intelligent platform capable of supporting the emerging agent economy. Rather than a departure from its origins, this represents a deliberate next step in Amber's development: moving from competing at the interface level to building the foundational operating systems that power agent-driven financial services.
Two developments anchored the quarter:
- A-MM launch. At the end of March 2026, the Company launched A-MM (Agentic Market Making), the first flagship component of its A-Suite agent-native operating systems. A-MM is an agent-native liquidity operations system and designated market-making infrastructure platform designed for token projects. It unifies execution workflows, infrastructure, and transparency into a single, agent-orchestrated layer, supported by real-time performance and risk reporting. A-MM is designed to work alongside traditional market makers rather than replace them, with the goal of improving efficiency, transparency, and scalability. The soft launch generated strong early interest from token projects, and the Company expects A-MM to begin contributing meaningful revenue from the second quarter of 2026 onward. A-MM marks the first concrete step in transitioning from a distribution-focused platform to a full-stack, agent-native organization.
- Crypto-for-AI (C4AI) vision. The Company formally introduced its Crypto for AI (C4AI) vision, which positions crypto as the financial and economic infrastructure for the emerging agent economy. As part of this vision, Amber plans to host its inaugural C4AI Investor Day in October 2026, where it intends to provide a broader update on the A-Suite roadmap and the development of its agent capabilities.
Throughout the quarter, Amber Premium's core institutional and high-net-worth client relationships remained resilient despite a softer market environment. Client Assets on Platform stood at approximately
Share Repurchase Program
On November 26, 2025, the Company announced a share repurchase program authorizing the purchase of up to
First Quarter 2026 Financial Results Summary
The following table sets forth the key financial metrics of the Company for the periods indicated.
Three Months Ended | ||||||||||
March 31, | March 31, | Percentage | December 31, | Percentage | ||||||
(US$ in thousands, except per share data; unaudited) | 2026 | 2025* | change | 2025 | change | |||||
Financial Metrics: | ||||||||||
Revenue | ||||||||||
Wealth Management Solutions | 4,257 | 9,918 | -57.1 % | 5,935 | -28.3 % | |||||
Execution Solutions | 859 | 2,674 | -67.9 % | 3,391 | -74.7 % | |||||
Payment Solutions | 575 | 797 | -27.9 % | 1,231 | -53.3 % | |||||
Sub-total of Amber Premium Business[4] | 5,691 | 13,389 | -57.5 % | 10,557 | -46.1 % | |||||
Marketing and Enterprise Solutions | 4,337 | 1,118 | 287.9 % | 5,780 | -25.0 % | |||||
Total revenue | 10,028 | 14,507 | -30.9 % | 16,337 | -38.6 % | |||||
Gross profit | 6,788 | 10,948 | -38.0 % | 12,128 | -44.0 % | |||||
Operating (loss)/income | (3,192) | 848 | N/M | 1,159 | N/M | |||||
Net (loss)/income from continuing operations | (3,728) | 937 | N/M | 827 | N/M | |||||
Diluted net (loss)/income from continuing operations per American Depositary Shares ("ADS") | (0.04) | 0.01 | N/M | 0.01 | N/M | |||||
Adjusted EBITDA from continuing operations[5] | (3,190) | 1,587 | N/M | 50 | N/M | |||||
Adjusted net (loss)/income from continuing operations[5] | (3,502) | 1,483 | N/M | 937 | N/M | |||||
Diluted adjusted net (loss)/income per ADS from continuing operations[5] | (0.04) | 0.02 | N/M | 0.01 | N/M | |||||
[4] Amber Premium business comprises our Wealth Management Solutions, Execution Solutions, and Payment Solutions. [5] 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. |
* On March 12, 2025, iClick Interactive Asia Group Limited completed its merger (the "Merger") with Amber DWM Holding Limited. 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.
Revenue for the first quarter of 2026 amounted to
- Revenue from Wealth Management Solutions was
US in the first quarter of 2026, versus$4.3 million US last quarter, due to the external market environment, and our deliberate client base optimization to focus exclusively on high value relationships.$5.9 million - Revenue from Execution Solutions was
US in the first quarter of 2026, versus$0.9 million US last quarter, respectively, reflecting a pronounced industry-wide contraction in trading volumes and a lower realized fee rate during the quarter.$3.4 million - Revenue from Payment Solutions was
US in the first quarter of 2026, versus$0.6 million US last quarter, resulting from softer market conditions, partially offset by the ongoing structural growth in stablecoin-based payment flows for risk-off positioning and treasury management.$1.2 million - Marketing and Enterprise Solutions revenue was
US in the first quarter of 2026, compared to$4.3 million US last quarter, influenced by the seasonality of online spending cycles of consumers and marketers.$5.8 million
Gross profit for the first quarter of 2026 was
Total operating expenses were
Operating loss was
Other losses, net were
Net loss from continuing operations was
Adjusted EBITDA from continuing operations was a loss of
Balance Sheet Highlights
As of March 31, 2026, the Company had cash and cash equivalents, time deposits and restricted cash of
Operating Data
In addition to the measures presented in our consolidated financial statements, we use the operating metrics listed below to evaluate our business, measure our performance, identify trends and make strategic decisions:
As of | ||||||||||
Percentage | Percentage | |||||||||
(US$ in thousands, unless specified) | March 31, 2026 | March 31, 2025 | change | December 31, 2025 | change | |||||
Operating Metrics[6]: | ||||||||||
Cumulative KYC'ed users (in number) | 4,401 | 4,657 | (5.5 %) | 5,229 | (15.8 %) | |||||
Active clients (in number) | 840 | 928 | (9.5 %) | 988 | (15.0 %) | |||||
Client assets on platform | 971,412 | 1,275,364 | (23.8 %) | 1,318,413 | (26.3 %) | |||||
For the three months ended | ||||||||||
Percentage | Percentage | |||||||||
March 31, 2026 | March 31, 2025 | change | December 31, 2025 | change | ||||||
New onboarded KYC'ed users[7] (in number) | 109 | 223 | (51.1 %) | 161 | (32.3 %) | |||||
Execution trading volume[8] | 1,236,231 | 2,454,371 | (49.6 %) | 2,341,376 | (47.2 %) | |||||
Payment trading volume[9] | 218,714 | 281,279 | (22.2 %) | 533,753 | (59.0 %) | |||||
[6] The operating metrics presented in this press release include operating data from Sparrow business and the Assigned Contracts (as defined below). 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, we have obtained certain local regulatory approvals in [7] 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. [8] Execution trading volume is defined as the total [9] Payment trading volume is defined as the total |
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:
Second Quarter 2026:
- Revenue of Amber Premium business is estimated to be between
US and$9.0 million US .$10.0 million
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
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 https://viavid.webcasts.com/starthere.jsp?ei=1764524&tp_key=aabee98e15
Replay Dial-in Numbers:
Toll Free: 1-844-512-2921
Toll/International: 1-412-317-6671
Replay Pin Number: 13760784
A replay of the call will be available on Thursday, May 28, 2026, after 12:00 PM ET through Thursday, June 11, 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 (loss)/income from continuing operations, and diluted adjusted net (loss)/income 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 (loss)/income from continuing operations, and diluted adjusted net (loss)/income 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 (loss)/income. The Company believes that adjusted EBITDA from continuing operations and adjusted net (loss)/income 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 (loss)/income from continuing operations, and diluted adjusted net (loss)/income from continuing operations per ADS should not be considered in isolation or construed as an alternative to net (loss)/income 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 (loss)/income from continuing operations, and diluted adjusted net (loss)/income 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 |
Amber International Holding Limited |
Media Relations Team |
Phone: +65 6022 0228 |
E-mail: pr@ambr.io | ir@ambr.io |
In |
International Elite Capital Inc. |
Annabelle Zhang |
Phone: +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 | ||||||
March 31, 2026 | March 31, 2025 | December 31, 2025 | ||||
Continuing operations | ||||||
Revenue | 10,028 | 14,507 | 16,337 | |||
Cost of revenue | (3,240) | (3,559) | (4,209) | |||
Gross profit | 6,788 | 10,948 | 12,128 | |||
Operating expenses | ||||||
Research and development expenses | (1,541) | (3,383) | (1,201) | |||
Sales and marketing expenses | (2,289) | (743) | (2,074) | |||
General and administrative expenses | (6,150) | (5,974) | (7,694) | |||
Total operating expenses | (9,980) | (10,100) | (10,969) | |||
Operating (loss)/income | (3,192) | 848 | 1,159 | |||
Finance income, net | 96 | 38 | 238 | |||
Other (losses)/gains, net | (615) | 56 | (1,616) | |||
(Loss)/income from continuing operations before share of losses from an equity investee and income tax (expense)/credit | (3,711) | 942 | (219) | |||
Share of losses from an equity investee | (11) | — | (12) | |||
(Loss)/income from continuing operations before income tax (expense)/credit | (3,722) | 942 | (231) | |||
Income tax (expense)/credit | (6) | (5) | 1,058 | |||
Net (loss)/income from continuing operations | (3,728) | 937 | 827 | |||
Net income attributable to non-controlling interests | — | — | — | |||
Net (loss)/income from continuing operations attributable to the Company's ordinary shareholders | (3,728) | 937 | 827 | |||
Discontinued operations | ||||||
Net loss from discontinued operations | (4) | (21) | (258) | |||
Net loss attributable to non-controlling interests | — | 15 | 1 | |||
Net loss from discontinued operations attributable to the Company's ordinary shareholders | (4) | (6) | (257) | |||
Net (loss)/income | (3,732) | 916 | 569 | |||
Net (loss)/income attributable to the Company's ordinary shareholders | (3,732) | 931 | 570 | |||
Net (loss)/income from continuing operations | (3,728) | 937 | 827 | |||
Other comprehensive loss: | ||||||
Foreign currency translation adjustment, net of US$nil tax | (417) | — | (1,308) | |||
Comprehensive (loss)/income from continuing operations attributable to the Company's ordinary shareholders | (4,145) | 937 | (481) | |||
Three Months Ended | ||||||
March 31, 2026 | March 31, 2025 | December 31, 2025 | ||||
Net loss from discontinued operations | (4) | (21) | (258) | |||
Other comprehensive income/(loss): | ||||||
Foreign currency translation adjustment, net of US$nil tax | — | — | — | |||
Comprehensive loss from discontinued operations | (4) | (21) | (258) | |||
Comprehensive loss from discontinued operations attributable to noncontrolling interests | — | — | — | |||
Comprehensive loss from discontinued operations attributable to the Company's ordinary shareholders | (4) | (21) | (258) | |||
Comprehensive (loss)/income attributable to the Company's ordinary shareholders | (4,149) | 916 | (739) | |||
Net (loss)/income from continuing operations per ADS attributable to the Company's ordinary shareholders | ||||||
— Basic | (0.04) | 0.01 | 0.01 | |||
— Diluted | (0.04) | 0.01 | 0.01 | |||
Weighted average number of ADS used in per share calculation: | ||||||
— Basic | 93,837,525 | 68,315,567 | 93,762,225 | |||
— Diluted | 93,837,525 | 68,325,051 | 93,775,581 | |||
Net loss from discontinued operations per ADS attributable to the Company's ordinary shareholders | ||||||
— Basic | (0.00) | (0.00) | (0.00) | |||
— Diluted | (0.00) | (0.00) | (0.00) | |||
Weighted average number of ADS used in per share calculation: | ||||||
— Basic | 93,837,525 | 68,315,567 | 93,762,225 | |||
— Diluted | 93,837,525 | 68,315,567 | 93,762,225 | |||
Net (loss)/income per ADS attributable to the Company's ordinary shareholders | ||||||
— Basic | (0.04) | 0.01 | 0.01 | |||
— Diluted | (0.04) | 0.01 | 0.01 | |||
Weighted average number of ADS used in per share calculation: | ||||||
— Basic | 93,837,525 | 68,315,567 | 93,762,225 | |||
— Diluted | 93,837,525 | 68,325,051 | 93,775,581 | |||
AMBER INTERNATIONAL HOLDING LIMITED | ||||
Unaudited Condensed Consolidated Statements of Financial Position | ||||
(US$'000) | ||||
As of March 31, 2026 | As of December 31, 2025 | |||
Assets | ||||
Current assets | ||||
Cash and cash equivalents, time deposits and restricted cash | 36,482 | 33,902 | ||
Trade and other receivables | 12,994 | 16,625 | ||
Crypto assets loan receivables | 30,205 | 42,141 | ||
Digital assets | 27,517 | 45,958 | ||
Financial assets at fair value through profits or loss | 17,946 | 22,084 | ||
Derivative financial assets | 25 | 316 | ||
Amounts due from related parties | 48,634 | 32,341 | ||
Collateral receivables | 2,298 | 3,407 | ||
Income tax recoverable | 134 | 141 | ||
Assets held for sale | 13 | 17 | ||
Total current assets | 176,248 | 196,932 | ||
Non-current assets | ||||
Goodwill | 53,136 | 53,136 | ||
Intangible assets | 2,806 | 2,949 | ||
Other assets | 3,421 | 3,362 | ||
Total non-current assets | 59,363 | 59,447 | ||
Total assets | 235,611 | 256,379 | ||
Liabilities and equity | ||||
Current liabilities | ||||
Trade and other payables | 11,092 | 13,427 | ||
Collateral payables | 14,334 | 10,941 | ||
Contract liabilities | 8,555 | 8,575 | ||
Liabilities due to customers | 51,177 | 61,351 | ||
Amount due to related parties | 44,649 | 48,031 | ||
Derivative financial liabilities | 25 | 316 | ||
Lease liabilities | 857 | 867 | ||
Income tax payable | 512 | 513 | ||
Liabilities held for sale | 1,283 | 1,277 | ||
Total current liabilities | 132,484 | 145,298 | ||
Non-current liabilities | ||||
Lease liabilities | 484 | 722 | ||
Other liabilities | 47 | 47 | ||
Total non-current liabilities | 531 | 769 | ||
Total liabilities | 133,015 | 146,067 | ||
Equity | ||||
Share capital | 86,481 | 90,061 | ||
Accumulated losses | (36,871) | (33,139) | ||
Reserve | 52,986 | 53,390 | ||
Total equity | 102,596 | 110,312 | ||
Total equity and liabilities | 235,611 | 256,379 | ||
AMBER INTERNATIONAL HOLDING LIMITED
Unaudited Reconciliations of GAAP and Non-GAAP Results
(US$'000, except share data and per share data, or otherwise noted)
Adjusted EBITDA from continuing operations represents net (loss)/income from continuing operations before (i) depreciation and amortization, (ii) finance income, net, (iii) income tax expense/(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 (loss)/income from continuing operations for the periods indicated:
Three Months Ended | ||||||
March 31, 2026 | March 31, 2025 | December 31, 2025 | ||||
Net (loss)/income from continuing operations | (3,728) | 937 | 827 | |||
Add/(less): | ||||||
Depreciation and amortization | 402 | 137 | 409 | |||
Finance income, net | (96) | (38) | (238) | |||
Income tax expense/(credit) | 6 | 5 | (1,058) | |||
EBITDA from continuing operations | (3,416) | 1,041 | (60) | |||
Add/(less): | ||||||
Share-based compensation | 13 | 627 | (220) | |||
Other gains, net | (515) | (113) | (972) | |||
Unrealized loss in fair value of digital assets | 728 | — | 1,302 | |||
Cost related to merger10 | — | 32 | — | |||
Adjusted EBITDA from continuing operations | (3,190) | 1,587 | 50 | |||
Adjusted net (loss)/income from continuing operations represents net (loss)/income 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 (loss)/income from continuing operations from net (loss)/income from continuing operations for the periods indicated:
Three Months Ended | ||||||
March 31, 2026 | March 31, 2025 | December 31, 2025 | ||||
Net (loss)/income from continuing operations | (3,728) | 937 | 827 | |||
Add/(less): | ||||||
Share-based compensation | 13 | 627 | (220) | |||
Other gains, net | (515) | (113) | (972) | |||
Unrealized loss in fair value of digital assets | 728 | — | 1,302 | |||
Cost related to merger[10] | — | 32 | — | |||
Adjusted net (loss)/income from continuing operations | (3,502) | 1,483 | 937 | |||
The diluted adjusted net (loss)/income from continuing operations per ADS for the periods indicated are calculated as follows: | ||||||
Three Months Ended | ||||||
March 31, 2026 | March 31, 2025 | December 31, 2025 | ||||
Net (loss)/income from continuing operations | (3,728) | 937 | 827 | |||
Add: Non-GAAP adjustments | 226 | 546 | 110 | |||
Adjusted net (loss)/income from continuing operations | (3,502) | 1,483 | 937 | |||
Denominator for diluted net (loss)/income from continuing operations per ADS – Weighted average ADS outstanding | 93,837,525 | 68,325,051 | 93,775,581 | |||
Denominator for diluted adjusted net (loss)/income from continuing operations per ADS – Weighted average ADS outstanding | 93,837,525 | 68,325,051 | 93,775,581 | |||
Diluted net (loss)/income from continuing operations per ADS | (0.04) | 0.01 | 0.01 | |||
Add: Non-GAAP adjustments | 0.00 | 0.01 | 0.00 | |||
Diluted adjusted net (loss)/income from continuing operations per ADS | (0.04) | 0.02 | 0.01 | |||
[10] Cost related to the merger relates to legal and professional fees. |
View original content to download multimedia:https://www.prnewswire.com/news-releases/amber-international-holding-limited-reports-first-quarter-2026-unaudited-financial-results-302784384.html
SOURCE Amber International Holding Limited