Financial Milestones Achieved in 2025 First Quarter

May 14, 2025 - 21:36

In an impressive display of growth, the latest financial results have revealed record highs across several key metrics for the first quarter of 2025. The total payment volume (TPV) reached an extraordinary US$8 billion, marking a significant 53% increase year-over-year and a 5% rise compared to the previous quarter. When adjusted for constant currency, this figure reflects a remarkable 72% growth year-over-year.

Revenue and gross profit also hit all-time highs, with figures of US$217 million and US$85 million, respectively. This robust performance is indicative of a continued strategy of geographic diversification, allowing for a more resilient business model.

Adjusted EBITDA stood at US$58 million, with an impressive Adjusted EBITDA to Gross Profit ratio of 68%. This metric underscores the organization's ability to scale efficiently while managing costs. Furthermore, the company demonstrated strong cash flow, achieving a free cash flow to net income conversion rate of 85%, reinforcing its status as a cash-generating powerhouse in the financial landscape.