Currenc Group Inc 2025年季度报告

FORM10-Q (MARK ONE) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ As of May 19, 2025, there were46,527,999Ordinary Shares, par value $0.0001per share, issued and outstanding. Item 1. Financial Statements. CURRENC GROUP INC. AND SUBSIDIARIES PageCondensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024 (unaudited)4Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three months ended March 31, 2025 and 2024(unaudited)5Condensed Consolidated Statements of Changes in Shareholders’ Deficit for the Three months ended March 31, 2025 and 2024(unaudited)6Condensed Consolidated Statements of Cash Flows for the Three months ended March 31, 2025 and 2024 (unaudited)7Notes to the Condensed Consolidated Financial Statements (unaudited)8 to 253 CURRENC GROUP INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1Organization and business Currenc Group Inc. and its wholly owned subsidiaries (collectively, the “Company” or “Currenc”) is a limited liability companyincorporated in the Cayman Islands on March 8, 2021. It is an investment holding company headquartered in Singapore. The Company was originally a publicly traded special purpose acquisition company named INFINT Acquisition Corporation(“INFINT”), which was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation The Company’s principal subsidiaries at March 31, 2025, are set out below: CURRENC GROUP INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 2Summary of significant accounting policies (a)Basis of presentation and principles of consolidation The accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments that are, in theopinion of management, necessary to present a fair statement of the Company’s financial position as of March 31, 2025, and theresults of operations for the three months ended March 31, 2025 and 2024. In the opinion of management, all adjustments (consistingof normal recurring accruals) considered necessary in order to make the consolidated financial statements not misleading have beenincluded. The unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the (b)Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart OurBusiness Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirementsthat are applicable to other public companies that are not emerging growth companies including, but not limited to, not being requiredto comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revisedfinancial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declaredeffective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revisedfinancial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period andcomply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. TheCompany has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has CURRENC GROUP INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 2Summary of significant accounting policies (continued) (c)Going concern The accompanying unaudited condensed consolidated financial statements have been prepared using the going concern basis ofaccounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2025, the Company had cash balances of $62.3million, a working capital deficit of $59.