Singapore-based, Temasek-backed crypto firm Amber International announced record revenue and gross profit for the first quarter of 2025, ending March 31.
The company reported revenue of US$14.9 million and a gross profit of US$11 million, which attributed this growth to its recent merger with the Nasdaq-listed online marketing provider iClick, completed in March. The financial figures were unaudited.
It also noted strong performance in its wealth management solutions business, which generated US$9.9 million in revenue.
Operating income reached US$800,000, a recovery from a US$900,000 loss in the same period last year.
Adjusted EBITDA improved to US$1.6 million from a US$800,000 loss in Q1 2024.
Client assets on the platform increased by 11% year-on-year to US$1.28 billion. Cumulative KYC-verified users rose by 22% to 4,657.