Treasure Global Provides Full-Year Business Update Highlighting Key Achievements and Strategic Initiatives

Rhea-AI Summary

Treasure Global (NASDAQ: TGL) provided a full-year business update on Oct 23, 2025, summarizing FY2025 progress across AI, blockchain, digital commerce and FMCG distribution. Key actions include an Aug 2025 SPA with I Synergy and an initial AUD 300,000 purchase order for GPUs and AI software, an exclusive Apr 2025 Malaysia distribution deal with Mezzofy for digital coupons, and expanded 2025 e-distribution for selected F&N consumer products. The company is developing an AI-powered data platform, advancing digital-asset plans, and prioritizing higher-margin digital offerings, supply-chain optimization, and disciplined capital allocation.

Positive

• Signed SPA with I Synergy including an initial AUD 300,000 GPU/software order (Aug 2025)
• Exclusive Malaysia distribution deal for Mezzofy digital coupons (Apr 2025)
• Expanded FMCG e-distribution including exclusive e-distribution for selected F&N products (2025)

Negative

• Company described FY2025 as facing a challenging operating environment
• Initial AI/GPU revenue traction limited to a single AUD 300,000 purchase order

Insights

Technology & Corporate Strategy Analyst

Company reports early commercial traction via partnerships and a small GPU order while pursuing AI, blockchain, digital commerce, and FMCG expansion.

Treasure Global links its growth to technology-led diversification anchored by its ZCITY app, an AI cloud strategy launched in March 2025, an exclusive distribution tie with Mezzofy in April 2025, and an SPA with I Synergy Group Limited that yielded an initial AUD 300,000 purchase order in August 2025. These items create multiple potential revenue channels: enterprise GPU/software sales, recurring digital couponing (CaaS), and FMCG e-distribution, which together connect digital monetization with physical logistics capability.

The near-term impact depends on execution scale and convertibility of early agreements into repeatable revenue. The disclosed AUD 300,000 order represents tangible but limited early sales; the Mezzofy exclusivity and F&N e-distribution broaden addressable activity but carry implementation and merchant-adoption risk. Watch conversion of the SPA into follow-on orders, merchant uptake and recurring revenue from CaaS, integration milestones for the AI-powered platform, and any concrete timelines or figures the company provides in the next 12 months for clearer revenue and margin implications.

KUALA LUMPUR, Malaysia, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today provided a full-year business update, highlighting key achievements and outlining strategic initiatives for future growth.

Despite a challenging operating environment, the Company advanced its diversification strategy, strengthened its technology infrastructure, and forged new partnerships to drive progress across artificial intelligence, blockchain, digital commerce, and FMCG distribution.

Key Business Highlights

• AI & Blockchain Integration
  In March 2025, Treasure Global introduced its AI cloud infrastructure strategy to support next-generation workloads in Malaysia’s digital economy. Building on this initiative, the Company entered into a Sale and Purchase Agreement (SPA) with I Synergy Group Limited (ASX: IS3) in August 2025. Under the SPA, Treasure Global received an initial AUD 300,000 purchase order for enterprise-grade GPUs and AI software. This order provides early revenue traction in the AI/GPU sector while supporting I Synergy’s development of an AI-enabled blockchain and cloud platform.

• AI and Data-Driven Platform Development
  Building on the success of its flagship ZCITY app, Treasure Global began developing a next-generation AI-powered, data-driven platform in August 2025. The upgraded platform will integrate advanced analytics and personalized features to further enhance user engagement and monetization potential.

• Mezzofy Partnership for Digital Coupons
  In April 2025, Treasure Global entered into an exclusive partnership with Mezzofy (Hong Kong) Limited to serve as the sole distributor of Mezzofy’s digital coupon solutions in Malaysia. This collaboration enables Treasure Global to deliver “Coupon-as-a-Service (CaaS)” technology to merchants nationwide, creating a high-margin recurring revenue stream and expanding its loyalty and rewards ecosystem.

• FMCG Distribution
  To complement its digital ecosystem, Treasure Global expanded into the fast-moving consumer goods (FMCG) sector in 2025, including exclusive e-distribution for selected F&N (Fraser & Neave) consumer products. This initiative strengthens the Company’s logistics and fulfillment capabilities, aligning its digital growth strategy with a more robust physical distribution network.

• Digital Assets Initiative
  Treasure Global continues to advance its plans to enter the digital assets and cryptocurrency space, with further updates to be announced in due course. This initiative aligns with the Company’s AI and cloud infrastructure roadmap, supporting long-term opportunities in next-generation financial and commerce technologies.

Management Commentary
“Fiscal 2025 was a challenging yet pivotal year for Treasure Global,” said Carlson Thow, Chief Executive Officer of Treasure Global. “While we faced external headwinds, we made meaningful progress in strengthening our technology foundation, forging strategic partnerships, and executing on our diversification roadmap. From AI infrastructure and digital couponing to blockchain integration and FMCG distribution, we are positioning Treasure Global for sustainable, profitable growth while maintaining a disciplined approach to execution and capital allocation.”

Outlook
Looking ahead, Treasure Global will continue to advance its transformation toward higher-margin digital offerings and scalable technology platforms. Building on fiscal 2025 progress, the Company’s key priorities for the coming year include:

• Enhancing platform intelligence and user engagement – leveraging AI, data analytics, and automation to deepen personalization and improve the performance of its digital ecosystem.
  
• Expanding digital commerce and rewards solutions – growing merchant participation and user adoption across its digital platforms through improved user experience, partnerships, and ecosystem integration.
  
• Strengthening AI infrastructure and related technology ventures – exploring strategic collaborations and investments that accelerate growth in emerging digital and AI-enabled sectors.
  
• Optimizing supply chain and distribution capabilities – driving operational efficiency and scalability across the Company’s FMCG and logistics networks to support its end-to-end digital commerce strategy.
  
• Exploring new digital asset and financial innovation opportunities – pursuing initiatives that enhance long-term competitiveness and value creation within the evolving digital economy.
  

Management believes these initiatives, together with continued cost discipline and a focus on sustainable execution, will strengthen Treasure Global’s growth trajectory and deliver enduring value to shareholders.

About Treasure Global

Treasure Global is a Malaysia-based technology solutions provider specializing in innovative platforms that drive digital transformation in retail and services. The Company’s flagship product is the ZCITY Super App, which integrates e-payment solutions with customer loyalty rewards to create a seamless online-to-offline user experience. As of March 2025, ZCITY has attracted over 2.7 million registered users, positioning Treasure Global as a key player in Malaysia’s digital economy. Treasure Global continuously leverages cutting-edge technologies, including artificial intelligence and data analytics, to enhance its platform’s capabilities across e-commerce, fintech, and other verticals.

Visit treasureglobal.org for more information.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company’s current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” or similar expressions.

Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to expand its e-commerce platform and F&B distribution business, customer acceptance of new products and services, changes in economic conditions affecting its operations, the outcome of partnership discussions, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. Additional risks include volatility in digital asset markets, potential vulnerabilities in custodial security, and evolving global and domestic regulatory frameworks applicable to blockchain technologies. These risks, along with other factors, are discussed in more detail in the Company’s filings with the U.S. Securities and Exchange Commission.

The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

CONTACT
Investor and Media Relations
Treasure Global Inc.
ir_us@treasureglobal.org

FAQ

What did Treasure Global (TGL) announce on Oct 23, 2025 about AI and blockchain?

Treasure Global announced an AI cloud strategy and an Aug 2025 SPA with I Synergy, including an initial AUD 300,000 GPU/software order.

How does the Mezzofy partnership affect Treasure Global (TGL) revenue model?

The Apr 2025 exclusive Mezzofy deal enables Coupon-as-a-Service distribution in Malaysia, targeting recurring, high-margin revenue from merchants.

What FMCG distribution moves did Treasure Global (TGL) make in 2025?

Treasure Global expanded into FMCG e-distribution in 2025, including exclusive e-distribution for selected F&N consumer products.

Does Treasure Global (TGL) disclose material revenue or EPS changes for FY2025?

No specific revenue or EPS figures for FY2025 were disclosed in the Oct 23, 2025 update.

What are Treasure Global's (TGL) top priorities for the year after FY2025?

Priorities include enhancing AI-driven platform intelligence, expanding digital commerce and rewards, strengthening AI infrastructure, optimizing supply chain, and exploring digital-asset opportunities.