Currency Exchange International Corp (FRA:8YN)

Q1 2026 Currency Exchange International Corp Earnings Call Transcript

Mar 12, 2026 / 12:30PM GMT

Release Date Price: €16.9

Transcript

Key Points

Positve

Currency Exchange International Corp (CURN) reported a net income increase of 88% compared to the previous quarter, reaching $1.5 million.
Adjusted net income from continuing operations increased by 29%, reaching $2.1 million.
Payments revenue saw a significant increase of 49%, driven by a 46% increase in trading volume activity.
The company's adjusted diluted earnings per share nearly doubled, increasing to $0.32.
CURN has a strong cash position with $101 million in total cash, providing flexibility for strategic opportunities.

Negative

Revenue remained unchanged at $15.5 million, indicating no growth compared to the same quarter in 2025.
Operating expenses increased by 5%, reaching $12.2 million, which could impact profitability.
Banknotes revenue declined by 11% due to a decrease in wholesale banknotes and online FX platform demand.
The company-owned branches revenue decreased by 3%, affected by store closures and relocations.
The effective tax rate decreased to 25% from 40% last year, which may indicate volatility in tax expenses.

Operator

Good morning, ladies and gentlemen, and welcome to the Currency Exchange International's Q1 2026 financial results conference call. (Operator Instructions) Also note that this call is being recorded on Thursday, March 12, 2026.

I will now turn the conference over to Bill Mitoulas, Investor Relations. Please go ahead, sir.

Bill Mitoulas

Currency Exchange International Corp - Investor Relations

Thank you, Sylvie. Good morning, everyone. Welcome to the Currency Exchange International conference call to discuss the financial results for the first quarter. Thanks for joining us. With us today are President and CEO, Randolph Pinna; and Group CFO, Gerhard Barnard. Gerhard will provide an overview of CXI's financial results and his latest perspective on the company's financial and company operations. Randolph will then provide his commentary on CXI's strategic initiatives, sales efforts, and business activities, after which we'll open it up to your questions.

Today's conference call is open to shareholders, prospective shareholders, members of the

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