Treasure Global (TGL) 15 Nov 232024 Q1 Earnings call transcript

Good day, everyone, and welcome to Treasure Global Inc.'s First Quarter of Fiscal Year 2024 Results Conference Call. [Operator Instructions] This conference call is being recorded. A replay of today's call will be available on the Investor Relations section of TGL's website and will remain posted there for the next 30 days.

I will now hand over -- hand the call over to Sophia Bashford, Senior Account Director, Investor Relations at KCSA for introductions and the reading of the safe harbor statement. Please go ahead.

operator. you, Thank and XXXX everyone, Treasure First Global's Good Conference welcome Call. Fiscal Results Quarter morning, to With today's Jeremy Michael Chan, us Executive Chief Chief on Financial call are Officer; and Roberts, Director. Teo, Independent Sam Officer;

including may company, SEC's on Section begin, those and the Securities contains forward-looking SEC. within Act XX, as call the of we with that the management of Section these Copies set Exchange section website of update and Treasure certain in I implied remind XXXX statements to XXXX, this as filed company Before law. you this Risk to year XXE like control available at obligation XXA date Securities www.sec.gov. Actual after or today's meaning Global's Act from the of the made would Form undertakes such of amended, Words and events. may, no future words and document concerning beyond statements the statements. required differ amended, as materially to company's such the ended the of conditions, changes believes, to except estimates XXXX forward-looking expects, are projects, the hopes, and intended by numerous plans, These many variations as intends, of forward-looking are of should, of such those through statements. The of for Factors revisions identify subject or similar which anticipates, statements XX-K the June filings forth subsequent call, expressed from are by expressions are of the results

please go to introduce Sam it CEO pleasure TGL. Teo, Now is Sam, of ahead. my

market opportunity on XXXX to ended Conference as first First Global for for to to post business will shareholders. announced covering XXXX. joining pleased September Call revenue confident value today exciting new to of we which an Quarter thank before revenue for you, of well today us Thanks, our innovation stream update period key provide everyone, I end, for to Sophia, operational highlights. the some you are our I'm we Treasure speak XX, as quarter the our Earnings drive discuss Fiscal build want recent have and quarter and

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strategy. also continued reducing a the cost the for lower the Cost and strategy to various group, centered of quarter, student. with Rahmah and the we university of program, Living of a youth income Ministry July, Trade to are partnership partnership and financial several the marketing Package the we our for initiative, during launch announced including living saving which Domestic offer In Next, have which of growth first secure --

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To up. sum

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established user and the AI of in have We continue increasing [ which ]. leadership e-commerce to position are innovative service release area our and offering, cash

call pass detail. our I the results will in discuss over to to now greater financial Michael

Thank will September fiscal quarter for XX, of review Today, to you, I XXXX Sam, the good everyone. financial first ended and morning, in XXXX the same period XXXX. results year compared our

first TAZTE. our the the year-over-year to focus Revenue business compared our same million year. such $XX.X last $XX.X total for quarter, shifted For were revenue of period as growing down channel million as to higher-margin we

Sam growth explained, as historically revenue stream for we margin, with are margin. new which ZCITY a are While on TAZTE, a offer avenue focused stronger low has growing

on increase the providing for that our new products on revenue stickiness focusing channel, company to the merchants long with will revenue believe addition this to needs. growth come intend product term. engagement of TAZTE, their objective we by lead the and in business in In increased We to to also rely and user higher-margin a user case for

same implemented fiscal profit the that was compared have that to to $XX,XXX Gross we $XXX,XXX, profit started the approximately from gross demonstrating grow already up XXXX quarter first last the work. of initiative year, to for period

for year year of $X.X million the Our net the to XXXX first of quarter first approximately loss fiscal compared $X.X in of quarter approximately XXXX. million fiscal

compared cash a of million balance cash balance approximately as million XXXX. As $X.X of was of our September $X approximately to XX, XXXX, XX, September

have over X,XXX November ZCITY of users X.XX mentioned, merchants registered XXXX. Sam million As over registered and as X,

the in while were the were with X.X%. user up Quarterly users XXXX, active year paid over by total X of of or transacted X.XX XXXX transacting XXX,XXX XX, users quarter-to-date quarter. and transactions by ending for quarter the times registered our were quarter September million user paid current fiscal The more

we gross we are remain expect and other As far we we improvement margin. mentioned, forward we and on measure The have this out as revenue-generating continue roll profit working, and so initiatives. to increasing laser have introduced further focused already going

growth Now our turn strategy. call the to to back I Sam will highlight

we Thanks, have Michael. recent Treasure Global pleased is domestically. to progress over with achieved business our the grow quarter

of into our expansion, and Southeast next now growth are at further on Asia We focused plan looking of moving executing broadly. the on Indonesia stage more

to addressable discussed, market we have I As steps well as products as new to have enter our further taken markets expand segment several develop new altogether.

that and recently health venture and have Travel we wellness are examples of sectors launched into. partnership

of near-term market Malaysia growing a and domestic outlook. population Our growth has economic solid

and of which as leader develop penetrating, to AI-driven continue Malaysia. to into Global complement Our core broader demographics. we which e-commerce population a XXx headway in has with space. as markets Southeast platform, expansion larger Thailand, entry Indonesia, population opportunity other and Treasure are such significant, our Japan already Asian which into similar the Indonesia, cemented have innovative Treasure the much Vietnam made Particularly Global include offerings have

by services confident also and user new growing profit products higher we are generate our development, through which are XXXX engagement on through profit gross fiscal and increasing margin. focused We will

and joining Thank today's for our you their on forward investors soon. continued to us again to support. providing thank We further particularly you, for updates look everyone call, to

This great you, to prepared will Thank a now day. ask have close remarks. line. I and concludes operator the our

you. Thank

us close today. lines. I joining thank the for So ladies gentlemen, and you will now