Treasure Global Inc (TGL) News & EventsTGLTreasure Global Inc

Treasure Global Raises Approximately $1.2M Through Subscription Agreements with Board Members

Treasure Global announced that it has entered into three subscription agreements with members of its board of directors, raising approximately $1.2M. The private placement involves Sam Teo, executive director, acting CEO; Pusparajan A/L Vadiveloo, CFO and Chan Meng Chun, executive director, with each subscribing for approximately $400,000 of common stock. The company expects the share issuance to be completed on December 4, subject to customary closing conditions and applicable regulatory requirements. The securities will be issued pursuant to applicable exemptions from registration under U.S. securities laws and will not constitute a public offering.

Treasure Global Expects $5.17M Revenue for FY 2026

Treasure Global report that based on preliminary, unaudited financial information, the company expects to report total revenue of approximately $5.17M for fiscal year 2026, representing an increase of approximately 122% from $2.33M in fiscal year 2025. "The company also expects to report a significant improvement in bottom-line performance, with preliminary net loss expected to narrow by approximately 53% to $11.1M, compared with a net loss of $23.4M in fiscal year 2025," the company stated. "Fiscal year 2026 has been a pivotal period for Treasure Global, marked by steady quarterly revenue growth and improved operational efficiency. The expansion of our digital commerce ecosystem and disciplined cost management have strengthened our operating foundation. As we enter fiscal year 2027, our priority remains disciplined execution and building sustainable long-term growth," added Sam Teo, Acting Chief Executive Officer of Treasure Global. The company expects to report its final audited fiscal year 2026 financial results following completion of its financial closing and audit procedures.

Treasure Global Proposes $38M Acquisition of 51% Stake in Mestiz

Treasure Global signed a non-binding memorandum of understanding with Mestiz Holding Berhad for the proposed $38M cash acquisition of a 51% controlling interest in Mestiz Century Logic, a Malaysia-based provider of cloud-based smart water metering technology and digital water management solutions. Under the MOU, MHB has granted Treasure Global a 120-day exclusivity period to conduct due diligence on MCL and negotiate the terms of a definitive agreement. Completion of the proposed acquisition remains subject to the execution of a definitive agreement and customary closing conditions, including satisfactory completion of due diligence and receipt of required regulatory and board approvals. MCL specializes in smart water metering solutions powered by cloud computing and Internet of Things technology. Its smart meters are designed to deliver up to four times the accuracy of conventional mechanical meters, while providing enhanced durability and digital connectivity. MCL's smart metering platform further integrates artificial intelligence to support real-time consumption monitoring, remote meter reading, leak detection and predictive maintenance, enabling utilities to improve operational visibility and transition toward more intelligent, data-driven water management.