TNL Mediagene (NASDAQ: TNMG) Announces First Half Fiscal Year 2025 Unaudited Financial Results
Rhea-AI Summary
TNL Mediagene (NASDAQ: TNMG) reported unaudited H1 2025 results: revenue $21.8M (+5.7% vs H1 2024), gross profit $7.0M (32.1% margin), operating loss of $5.6M (-25.9% margin) and net loss $4.3M (narrowed 27.2% YoY). Management Adjusted EBITDA margin modestly improved to -6.5%, while Adjusted EBITDA loss widened to $3.2M after ~$1.8M of public-company costs. Outstanding debt was reduced by approximately $5.0M and cash was about $1.8M as of Sept 30, 2025. Strategic actions include new language market expansions, AI ad and content tools, content-commerce partnerships, ISO 27001 certification, M&A readiness, and enhanced investor outreach.
Positive
- Net loss narrowed by 27.2% to $4.3M in H1 2025
- Outstanding debt reduced by approximately $5.0M
- Management Adjusted EBITDA margin improved to -6.5%
Negative
- Adjusted EBITDA loss widened to $3.2M in H1 2025 from $1.4M
- Gross profit declined 14.6% to $7.0M
- Cash balance remained low at approximately $1.8M as of Sept 30, 2025
News Market Reaction – TNMG
In the Oct 7 session, TNMG gained 11.57%, reflecting a significant positive market reaction. Argus tracked a peak move of +76.9% during that session. Argus tracked a trough of -5.1% from its starting point during tracking. Our momentum scanner triggered 68 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 6.4x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
-
Revenue increased
5.7% to$21.8 million $20.6 million -
Operating margin improved to (
25.9% ) in H1 2025 as compared to (27.0% ) in H1 2024 -
Management Adjusted EBITDA margin, which adjusts for the impact of public company costs, improved to (
6.5% ) in H1 2025 as compared to (6.7% ) in H1 2024 -
Net loss narrowed
27.2% to ($4.3 million $5.9 million -
Outstanding debt reduced by approximately
$5.0 million -
Current cash balance of approximately
$1.8 million - Public listing is a key part of the Company's long-term strategy and positions for strategic organic and inorganic growth opportunities including active M&A strategy
- Expanded regional media footprint into new language markets, accelerated AI-driven performance initiatives, advanced content commerce partnerships, and strengthened leadership team through targeted hires and organizational streamlining
- Enhanced capital markets presence through new research analyst coverage, active investor-conference participation, and co-hosting major industry events including the 2025 Generative AI Conference and upcoming TechGALA Japan 2026
H1 2025 Financial Highlights
- Revenue increased
5.7% to$21.8 million $20.6 million - Operating margin improved to (
25.9% ) in H1 2025 as compared to (27.0% ) in H1 2024, due to the reduction in one-time professional service fees associated with the Company's Nasdaq listing, offset by newly incurred public company costs - Management Adjusted EBITDA margin, a non-IFRS financial measure used to evaluate underlying operational performance excluding public company costs, improved to (
6.5% ) in H1 2025 as compared to (6.7% ) in H1 2024 - Net loss narrowed
27.2% to ($4.3 million $5.9 million - Outstanding debt reduced by approximately
$5.0 million - Current cash balance of approximately
$1.8 million
H1 2025 Strategic and Operational Highlights
Launch and Expansion of Media Properties in New Language Markets
- Expanded popular Japanese media property Roomie
Japan into the global Mandarin-language market via the launch of Roomie International. - Laid groundwork for the launch of Business Insider Taiwan in Q3 2025, the Mandarin-language edition of the Company's successful Business Insider Japan media property.
Utilizing New AI Technology to Enhance Performance
- Launched Ad2 AI Agent, an intelligent AI-based advertising service leveraging data-driven insights and automation through AI Audience (Smart Audience) and AI Creative (Smart Creative) to optimize audience targeting, ad placement, and creative strategy.
- Rolled out AI-powered content management system to improve editorial efficiency and content exposure, implemented AI-based display-ad optimization tools, and advanced AI-driven workflow automation initiatives that reduced group-level labor intensity.
Expanding Content Commerce Initiatives Through Strategic Partnerships and New Channels
- Introduced a purchase-type crowdfunding package service in
Japan integrating extensive media reach, advertising and e-commerce expertise, and Digital Studio infrastructure to drive strong crowdfunding campaign outcomes for entrepreneurs. - Launched our TikTok Shop Japan e-commerce strategy with 7NaNatural, winner of the ELLE Clean Beauty Award.
- Formed a strategic partnership with PChome, one of
Taiwan's leading e-commerce platforms, expanding access to first-party retail data and enabling future next-generation ad products fueled by purchase-intent data. - Introduced our "Brandformance" advertising strategy — an integrated branding-and-performance approach leveraging content-creation expertise to improve media-advertising efficiency and effectiveness.
Focused and Enhanced Talent Through Key Hires, Promotions, and Streamlining
- Appointed Aya Miyake (Chief Governance Officer, formerly Japan Exchange Group – Osaka Exchange) and Carly Ma (Chief Human Resources Officer, formerly Porsche Taiwan).
- Named April Lin (Editor-in-Chief, Business Insider Taiwan), previously President and Editor-in-Chief of Money Weekly.
- Promoted Chiemi Sasaki to Editor-in-Chief of Roomie
Japan and Kate Lin to Editor-in-Chief of Roomie International. - Transitioned to a public company Board structure with directors who bring expertise and experience from Yahoo!, Wall Street Journal, NBC Universal, BCG and Reapra.
- Continued staff restructuring and integration efforts to streamline headcount and align roles with public company operations.
Increased Public Visibility and Investor Relations Initiatives
- Initiation of research coverage by The Benchmark Company, LLC (May 2025).
- Co-hosted the 2025Generative AI Conference in May 2025, drawing approximately 1,000 in-person and 2,000 virtual attendees.
- Appointed as Lead Partner for TechGALA Japan 2026, a global technology conference to be held in January 2026.
- Participated in Maxim Group's 2025 Virtual Tech Conference, Discover the Innovations Reshaping Tomorrow, the Emerging Growth Conference, and the Sidoti Micro-Cap Virtual Investor Conference, among other industry events.
Subsequent Strategic and Operational Highlights
- Initiation of research coverage by Sidoti & Company, LLC (July 2025).
- Appointment of TJ Park as General Counsel (formerly Morrison & Foerster LLP,
Tokyo office). - Appointment of Naoko Okumoto to Board of Directors, bringing two decades of experience in technology investment and cross-border partnerships.
- Announced plans to host the 2025INSIDE Future Day AI Event to be held in December 2025.
- Launched Business Insider Taiwan, expanding the brand to a global Mandarin-speaking audience of over 1 billion.
- Achieved ISO 27001 certification for The News Lens business, a key milestone supporting the Company's pan-Asia M&A roll-up strategy.
- AdTech subsidiary Ad2iction won bronze at the 2025 Click Awards in the "AI Media Placement" category, highlighting leadership in the Retail Media Network sector.
- Announced plans to modernize cash management and treasury capabilities through a digital asset treasury strategy authorizing BTC, ETH and SOL treasury holdings.
- Formed a Digital Asset Treasury Advisory Group comprising experts in the fields of digital assets, Web3 and blockchain technology.
Management Commentary
"We had an active and transformative H1 2025 as a newly listed public company and are happy to announce that our H1 2025 financial results outperformed our H1 2024 results in terms of revenue, operating margin, and net loss," said Joey Chung, Co-Founder and Chief Executive Officer. "Our H1 2025 cost of revenue increased on the
"Revenue growth in H1 2025 was driven by our Technology business unit as we continue to roll out our high-margin technology and data products, along with continued strength in our Digital Studio business unit," Mr. Chung continued. "As is typical for businesses operating in our sector, a large portion of annual revenue is generated in the second half of the year—particularly in the fourth quarter—as holiday marketing spend is deployed. We expect this pattern to continue in 2025."
"Subsequent to H1 2025, we have maintained strong momentum with new media and product launches, notably the September launch of Business Insider Taiwan, our continued focus on high-value content commerce initiatives, and the ongoing development and rollout of innovative technology products," Mr. Chung added. "On the cost side, our integration and reorganization efforts post-listing, together with our continued cost-discipline initiatives—including AI-based efficiency programs and a leaner overall headcount—have positioned us to better absorb normal-course public company costs. We continue to evaluate professional service providers and cost structures to identify further opportunities for savings going forward."
"In new strategic developments, we recently announced plans to modernize our cash management and treasury capabilities through a digital asset treasury strategy, alongside the formation of a Digital Asset Treasury Advisory Group comprising highly accomplished experts across digital assets, Web3, blockchain and technology fields such as trading, investment, asset management, product development and regulatory engagement." Mr. Chung concluded. "On the capital structure side, our outstanding debt has been reduced by approximately
Financial Results for the Six Months Ended June 30, 2025
Revenue
Total revenues increased by
- Revenue in
Japan increased by$1.5 million $11.1 million $12.6 million Japan largely attributable to the recognition of sales from Tech GALA Japan 2025. Revenue inTaiwan decreased slightly from$9.5 million $9.1 million - Media and Branded Content revenue decreased by
$0.9 million $6.8 million $5.9 million - Technology revenue increased by
$0.7 million $5.3 million $6.0 million - Digital Studio revenue increased by
$1.4 million $8.5 million $9.9 million
Cost of Revenue
Cost of revenue increased by
Gross Profit
Gross profit declined
Operating Expenses
Total operating expenses declined
- Sales, general and administrative ("SG&A") expenses declined
11% to$10.9 million 50.1% of revenue) in H1 2025 as compared to$12.3 million 59.5% of revenue) in H1 2024. SG&A expenses in H1 2025 included$1.8 million $2.6 million $9.1 million 41.9% of revenue) as compared to$9.7 million 46.9% of revenue) in H1 2024. - Research and development expenses, consisting primarily of our personnel-related costs including salaries, benefits, and share-based compensation for engineers and other employees engaged in the research, design, and development of new and existing technology and data products, increased
14.2% to$1.7 million 7.9% of revenue) in H1 2025 as compared to$1.5 million 7.3% of revenue) in H1 2024
Operating Loss
Operating loss increased
Net Loss
Net loss narrowed
Adjusted EBITDA and Margin
Our Adjusted EBITDA in H1 2025 declined to a loss of
Management Adjusted EBITDA and Margin
Our Management Adjusted EBITDA, a non-IFRS financial measure used to evaluate underlying operational performance excluding public company costs, was a loss of
Liquidity and Capital Resources
As of June 30, 2025, cash and cash equivalents were
Our audited consolidated financial statements for the year ended December 31, 2024 include disclosure regarding substantial doubt about our ability to continue as a going concern, and the Company's unaudited condensed consolidated financial results as of and for the six months ended June 30, 2025 have also been prepared on the same basis.
For the six months ended June 30, 2025, our loss for the period was
Status of Certain Financings
The Company reports further details on the status of the 3i Note (as defined below) and Tumim ELOC (as defined below) since June 30, 2025 to the date of this press release.
The Company issued a convertible note in the aggregate principal amount of
The Company entered into an ordinary share purchase agreement for an equity line of credit (the "Tumim ELOC") with Tumim Stone Capital LLC ("Tumim") on November 25, 2024, which was amended on June 13, 2025 and September 14, 2025.
During the six months ended June 30, 2025, the Company sold 1,117,000 ordinary shares pursuant to the Tumim ELOC for gross proceeds of
During the period from July 1, 2025 to the date of this press release, the Company sold 5,735,000 ordinary shares pursuant to the Tumim ELOC for gross proceeds of
The Company is using the net proceeds raised from the Tumim ELOC sales during the period from July 1, 2025 to the date of this press release for general working capital and repayment of its obligations.
About TNL Mediagene
Headquartered in
Cautionary Statement Regarding 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, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's management. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's Annual Report on Form 20-F filed on April 30, 2025, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.
Use and Reconciliation of Non-IFRS Financial Measures
In this press release, we have included Adjusted EBITDA, Management Adjusted EBITDA and their respective margins, non-IFRS financial measures, which are key measures used by our management and board of directors in evaluating our operating performance.
Adjusted EBITDA and Management Adjusted EBITDA are our preferred metrics for profitability because we believe they facilitate operating performance and profit performance comparisons on a period-to-period basis and exclude items that we do not consider to be indicative of our core operating performance. These non-IFRS financial measures have limitations as an analytical tool, and you should not consider any of them in isolation or as a substitute for analysis of our results as reported under IFRS. Some of these limitations are:
- Although amortization and depreciation are non-cash charges, the assets being amortized and depreciated may have to be replaced in the future, and adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements;
- Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs, including public company costs;
- Adjusted EBITDA does not reflect the potentially dilutive impact of equity-based compensation; and
- Other companies, including our competitors in various industries, may calculate adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure.
To calculate our Adjusted EBITDA, we adjust, (i) non-cash items such as depreciation expenses, amortization expenses and stock-based compensation expenses and (ii) extraordinary items associated with one-time events and transactions, such as one-time transaction-related expenses not eligible for capitalization, to operating profit (loss) for the period.
To calculate our Management Adjusted EBITDA, we further adjust public company compliance and related costs to Adjusted EBITDA for the period.
Our management does not consider Adjusted EBITDA or Management Adjusted EBTIDA (or their respective margins) in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-IFRS measures is that they exclude significant expenses that are required by IFRS to be recorded in our financial statements. In addition, these non-IFRS measures are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining such non-IFRS financial measures.
For reconciliation of Adjusted EBITDA, Management Adjusted EBITDA and their respective margins to IFRS financial measures, see "Reconciliation of Non-IFRS Financial Measures – Adjusted EBITDA Calculation (Unaudited)."
|
TNL MEDIAGENE AND SUBSIDIARIES
|
||||
|
|
|
December 31, 2024 |
|
June 30, 202 5 |
|
Assets |
|
|
|
|
|
Current assets |
|
|
|
|
|
Cash and cash equivalents |
$ |
3,646,756 |
$ |
1,614,272 |
|
Current financial assets at amortized cost |
|
46,596 |
|
284,652 |
|
Current contract assets |
|
3,980,380 |
|
1,626,222 |
|
Notes receivable, net |
|
- |
|
26,380 |
|
Accounts receivable, net |
|
8,241,352 |
|
4,935,241 |
|
Other receivables |
|
172,695 |
|
220,710 |
|
Current income tax assets |
|
21,057 |
|
34,904 |
|
Inventories |
|
87,828 |
|
80,831 |
|
Prepayments |
|
1,320,329 |
|
1,579,940 |
|
Other current assets |
|
207,041 |
|
45,743 |
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
June 30, 202 5 |
|
Total current assets |
$ |
17,724,034 |
|
10,448,895 |
|
Non-current assets |
|
|
|
|
|
Non-current financial assets at fair value through other comprehensive income |
$ |
148,925 |
|
161,485 |
|
Non-current financial assets at amortized cost |
|
544,861 |
|
683,959 |
|
Property, plant and equipment, net |
|
430,809 |
|
423,498 |
|
Right-of-use assets |
|
5,182,528 |
|
5,091,306 |
|
Investment properties |
|
2,389,864 |
|
2,612,838 |
|
Goodwill |
|
33,960,053 |
|
34,730,937 |
|
Intangible assets |
|
30,978,581 |
|
30,248,379 |
|
Deferred tax assets |
|
556,812 |
|
508,837 |
|
Other non-current assets |
|
998,610 |
|
1,140,048 |
|
Total non-current assets |
|
75,191,043 |
|
75,601,287 |
|
Total assets |
|
92,915,077 |
|
86,050,182 |
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Short-term borrowings |
|
1,075,904 |
|
2,663,939 |
|
Current financial liabilities at fair value through profit or loss |
|
7,869,087 |
|
3,899,158 |
|
Current financial liabilities at amortized cost |
|
- |
|
273,038 |
|
Current contract liabilities |
|
578,219 |
|
831,975 |
|
Notes payable |
|
127,063 |
|
- |
|
Accounts payable |
|
4,897,884 |
|
3,268,584 |
|
Accounts payable－related parties |
|
922 |
|
- |
|
Other payables |
|
9,039,084 |
|
6,157,673 |
|
Other payables－related parties |
|
841,270 |
|
1,450,318 |
|
Income tax payable |
|
38,385 |
|
67,486 |
|
Long-term borrowings, current portion |
|
4,188,088 |
|
4,983,715 |
|
Current lease liabilities |
|
891,804 |
|
774,867 |
|
Other current liabilities |
|
3,447,177 |
|
3,247,120 |
|
Total current liabilities |
|
32,994,887 |
|
27,617,873 |
|
Non-current liabilities |
|
|
|
|
|
Non-current financial liabilities at fair value through profit or loss |
|
1,431,000 |
|
1,431,000 |
|
Non-current financial liabilities at amortized cost |
|
1,829,826 |
|
1,774,744 |
|
Long-term borrowings |
|
4,843,107 |
|
4,789,791 |
|
Deferred tax liabilities |
|
10,345,287 |
|
10,165,447 |
|
Non-current lease liabilities |
|
4,111,749 |
|
4,147,269 |
|
Provisions |
|
403,834 |
|
438,701 |
|
Other non-current liabilities |
|
551,627 |
|
822,463 |
|
Total non-current liabilities |
|
23,516,430 |
|
23,569,415 |
|
Total liabilities |
|
56,511,317 |
|
51,187,288 |
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
Equity attributable to equity holders of the Company |
|
|
|
|
|
Ordinary share |
|
2,613 |
|
2,996 |
|
Capital surplus |
|
154,703,137 |
|
158,320,045 |
|
Accumulated deficit |
|
(117,208,018) |
|
(121,525,677) |
|
Other equity interest |
|
(1,098,596) |
|
(1,935,001) |
|
Equity attributable to equity holders of the Company |
|
36,399,136 |
|
34,862,363 |
|
Non-controlling interests |
|
4,624 |
|
531 |
|
Total equity |
|
36,403,760 |
|
34,862,894 |
|
Total liabilities and equity |
|
92,915,077 |
|
86,050,182 |
|
TNL MEDIAGENE AND SUBSIDIARIES
|
||||
|
|
|
For the six months ended |
||
|
|
|
June 30, 2024 |
|
June 30, 202 5 |
|
Revenue |
|
20,605,425 |
|
21,785,004 |
|
Cost of revenue |
|
(12,418,454) |
|
(14,795,880) |
|
Gross profit |
|
8,186,971 |
|
6,989,124 |
|
Sales, general and administrative expenses |
|
(12,257,199) |
|
(10,911,769) |
|
Research and development expenses |
|
(1,503,392) |
|
(1,716,627) |
|
Operating loss |
|
(5,573,620) |
|
(5,639,272) |
|
Interest income |
|
9,530 |
|
9,706 |
|
Other income |
|
12,956 |
|
98,221 |
|
Other gains and losses |
|
(142,598) |
|
1,579,000 |
|
Finance costs |
|
(181,531) |
|
(414,555) |
|
Loss before income tax |
|
(5,875,263) |
|
(4,366,900) |
|
Income tax benefit |
|
(58,864) |
|
44,965 |
|
Loss for the period |
$ |
(5,934,127) |
$ |
(4,321,935) |
|
TNL MEDIAGENE AND SUBSIDIARIES |
||||
|
|
|
For the six months ended |
||
|
|
|
June 30, 2024 |
|
June 30, 202 5 |
|
Cash flows from operating activities |
|
|
|
|
|
Loss before income tax |
$ |
(5,875,263) |
$ |
(4,366,900) |
|
Adjustments to reconcile profit (loss) |
|
|
|
|
|
Depreciation & amortization |
|
1,609,066 |
|
1,626,295 |
|
Interest expense & Interest income (net) |
|
172,001 |
|
404,849 |
|
Expected credit losses (gain) |
|
67,291 |
|
- |
|
Gain on disposal of property, plant and equipment, net |
|
(39) |
|
- |
|
Losses (gain) on valuation of financial liabilities at fair value through profit or loss |
|
4,146 |
|
(1,469,151) |
|
Share-based payment transactions |
|
200,912 |
|
818,500 |
|
Changes in operating assets and liabilities |
|
|
|
|
|
Current contract assets |
|
2,056,926 |
|
2,354,158 |
|
Accounts and notes receivable |
|
3,333,893 |
|
3,279,731 |
|
Other receivables |
|
(54,875) |
|
(24,836) |
|
Inventories |
|
(20,048) |
|
6,997 |
|
Prepayments |
|
2,419,253 |
|
(372,111) |
|
Other current assets |
|
(1,633) |
|
161,298 |
|
Other non-current assets |
|
47,954 |
|
(43,855) |
|
Current contract liabilities |
|
(416,585) |
|
253,756 |
|
Accounts and notes payable |
|
(2,988,382) |
|
(1,757,285) |
|
Other payables |
|
(742,603) |
|
(2,290,730) |
|
Other current liabilities |
|
(17,239) |
|
(200,057) |
|
Provisions |
|
(53,201) |
|
34,867 |
|
Other non-current liabilities |
|
(483,551) |
|
56,136 |
|
Cash used in operations |
|
(741,977) |
|
(1,528,338) |
|
Interest received |
|
9,530 |
|
9,706 |
|
Interest paid |
|
(170,743) |
|
(275,969) |
|
Income tax paid |
|
(12,876) |
|
(42,755) |
|
Net cash used in operating activities |
|
(916,066) |
|
(1,837,356) |
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
Acquisition of financial assets at amortized cost |
|
(64,069) |
|
(7,575,343) |
|
Proceeds from repayments of financial assets at amortized cost |
|
- |
|
7,292,928 |
|
Acquisition of property, plant and equipment |
|
(52,536) |
|
(40,058) |
|
Proceeds from disposal of property, plant and equipment |
|
575 |
|
1,017 |
|
Acquisition of intangible assets |
|
(143,207) |
|
(166,443) |
|
Net cash generated from (used in) investing activities |
|
(259,237) |
|
(487,899) |
|
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
Increase in short-term borrowings |
|
(571,070) |
|
2,826,915 |
|
Repayments of short-term borrowings |
|
- |
|
(1,387,615) |
|
Increase in long-term borrowings |
|
2,242,463 |
|
2,064,739 |
|
Repayments of long-term borrowings |
|
(1,625,230) |
|
(2,379,094) |
|
Payments on bonds payable |
|
(169,819) |
|
- |
|
Payment on lease liabilities |
|
(517,250) |
|
(550,070) |
|
Proceeds from issuance of financial liabilities at fair value through profit or loss |
|
1,475,471 |
|
50,000 |
|
Payment on financial liabilities at fair value through profit or loss |
|
- |
|
(1,097,678) |
|
Proceeds from issuance of ordinary shares |
|
- |
|
667,045 |
|
Share-based payments |
|
4,260 |
|
- |
|
Proceeds from guarantee deposits |
|
565,008 |
|
214,700 |
|
Payment of transaction costs |
|
(4,490) |
|
- |
|
Net cash generated from financing activities |
|
1,399,343 |
|
408,942 |
|
Effect of foreign exchange rate changes |
|
(117,783) |
|
(116,171) |
|
Net increase (decrease) in cash and cash equivalents |
|
106,257 |
|
(2,032,484) |
|
Cash and cash equivalents at beginning of year |
|
3,030,298 |
|
3,646,756 |
|
Cash and cash equivalents at end of year |
$ |
3,136,555 |
$ |
1,614,272 |
|
Reconciliation of Non-IFRS Financial Measures – Adjusted EBITDA Calculation (Unaudited) |
|
Adjusted EBITDA |
For the s ix months ended |
|||||
|
|
|
June 30, 2024 |
|
June 30, 2025 |
||
|
Operating loss |
|
$ |
(5,573,620) |
|
$ |
(5,639,272) |
|
Add: |
|
|
|
|
|
|
|
Depreciation expenses |
|
|
564,701 |
|
|
592,712 |
|
Amortization expenses |
|
|
1,044,365 |
|
|
1,033,583 |
|
Stock-based compensation expenses |
|
|
- |
|
|
818,500 |
|
One-time transaction-related expenses(2) |
|
|
2,593,882 |
|
|
- |
|
Adjusted EBITDA |
|
|
(1,370,672) |
|
|
(3,194,477) |
|
Revenue |
|
|
20,605,425 |
|
|
21,785,004 |
|
Adjusted EBITDA Margin (%) |
|
|
-6.65 % |
|
|
-14.66 % |
|
Management Adjusted EBITDA |
For the s ix months ended |
|||||
|
|
|
June 30, 2024 |
|
June 30, 2025 |
||
|
Adjusted EBITDA |
|
$ |
(1,370,672) |
|
$ |
(3,194,477) |
|
Add: |
|
|
|
|
|
|
|
Ongoing public company costs |
|
|
- |
|
|
1,775,567 |
|
Management Adjusted EBITDA |
|
|
(1,370,672) |
|
|
(1,418,910) |
|
Revenue |
|
|
20,605,425 |
|
|
21,785,004 |
|
Management Adjusted EBITDA Margin (%) |
|
|
-6.65 % |
|
|
-6.51 % |
View original content to download multimedia:https://www.prnewswire.com/news-releases/tnl-mediagene-nasdaq-tnmg-announces-first-half-fiscal-year-2025-unaudited-financial-results-302576977.html
SOURCE TNL Mediagene