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Discover Latest #Depreciation News, Articles and Videos with Contenting
Depreciation is an accounting term which is used to spread the cost of an asset over its useful life. It is a method of allocating the cost of an asset over a period of time. It is used to match the cost of the asset to the revenue it generates. Depreciation is a non-cash expense and is used to reduce the value of an asset on the balance sheet. It is important to understand how depreciation works and how it affects the financial statements of businesses. Read the latest news and articles on depreciation below.
USD/CNH Price Forecast: Seems vulnerable near YTD low, around 7.1600 amid a bearish USD
The USD/CNH pair attracts fresh sellers following the previous day's modest uptick and touches a fresh year-to-date low, around the 7.1525 area during the Asian session on Thursday. Moreover, a bearish technical setup backs the case for further near-term depreciation for spot prices.
Shell second quarter 2025 update note - ForexTV
The following is an update to the second quarter 2025 outlook and gives an overview of our current expectations for the second quarter. Outlooks presented may vary from the actual second quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on July 31, 2025. Unless otherwise indicated, all outlook statements exclude identified items. See appendix for the definition of the non-GAAP measure used and the most comparable GAAP measure. Integrated Gas $ billions Q1’25 Q2’25 Outlook Comment Adjusted EBITDA: Production (kboe/d) 927 900 - 940 LNG liquefaction volumes (MT) 6.6 6.4 - 6.8 Underlying opex 1.0 1.0 - 1.2 Adjusted Earnings: Pre-tax depreciation 1.4 1.4 - 1.8 Taxation charge 0.8 0.3 - 0.6 Other Considerations: Trading & Optimisation is expected to be significantly lower than Q1’25. Upstream $ billions Q1’25 Q2’25 Outlook Comment Adjusted EBITDA: Production (kboe/d) 1,855 1,660 - 1,760 Reflects scheduled maintenance and the completed sale of SPDC in Nigeria. Underlying opex 2.2 1.9 - 2.5 Adjusted Earnings: Pre-tax depreciation 2.2 2.0 - 2.6 Taxation charge 2.6 1.6 - 2.4 Other Considerations: The share of profit / (loss) of joint ventures and associates in Q2’25 is expected to be ~$0.2 billion. Q2’25 exploration well write-offs are expected to be ~$0.2 billion. Marketing $ billions Q1’25 Q2’25 Outlook Comment Adjusted EBITDA: Sales volumes (kb/d) 2,674 2,600 - 3,000 Underlying opex 2.4 2.3 - 2.7 Adjusted Earnings: Pre-tax depreciation 0.6 0.5 - 0.7 Taxation charge 0.4 0.2 - 0.6 Other Considerations: Marketing adjusted earnings are expected to be higher than Q1’25. Chemicals and Products $ billions Q1’25 Q2’25 Outlook Comment Adjusted EBITDA: Indicative refining margin* $6.2/bbl $8.9/bbl Indicative chemicals margin* $126/tonne $166/tonne The Chemicals sub-segment adjusted earnings are expected to be a loss. Refinery utilisation 85% 92% - 96% Chemicals utilisation 81% 68% - 72% Chemicals utilisation impacted by unplanned maintenance at Monaca. Underlying opex 2.0 1.7 - 2.1 Adjusted Earnings: Pre-tax depreciation 0.9 0.8 - 1.0 Taxation charge / (credit) 0.1 (0.3) - 0.2 Other Considerations: Trading & Optimisation is expected to be significantly lower than Q1’25. The Chemicals & Products segment adjusted earnings is expected to be below break-even in Q2’25. *See appendix Renewables and Energy Solutions $ billions Q1’25 Q2’25 Outlook Comment Adjusted Earnings — (0.4) - 0.2 Trading & Optimisation is expected to be lower than Q1’25. Corporate $ billions Q1’25 Q2’25 Outlook Comment Adjusted Earnings (0.5) (0.6) - (0.4) Shell Group $ billions Q1’25 Q2’25 Outlook Comment CFFO: Tax paid 2.9 2.8 - 3.6 Derivative movements — (1) - 3 Working capital (2.7) (1) - 4 Other Shell Group Considerations: - Guidance The ‘Quarterly Databook’ contains guidance on Indicative Refining Margin, Indicative Chemicals Margin and full-year price and margin sensitivities. Consensus The company compiled consensus, managed by Vara Research, is expected to be published on July 23, 2025. Appendix Indicative Margins Chemicals & Products Q1’25 Q2’25 Updated Outlook Indicative refining margin $6.2/bbl $8.9/bbl Indicative chemicals margin $126/tonne $166/tonne The formulas for Indicative refining margin (IRM) and Indicative chemicals margin (ICM) have been updated following the completion of the Singapore divestment. Applying the previous formula for Q2’25 the IRM would have been: $7.5/bbl and the ICM $143/tonne. Volume Data Operational Metrics Q1’25 Q2’25 QPR Outlook Q2’25 Updated Outlook Integrated Gas Production (kboe/d) 927 890 - 950 900 - 940 LNG liquefaction volumes (MT) 6.6 6.3 - 6.9 6.4 - 6.8 Upstream Production (kboe/d) 1,855 1,560 - 1,760 1,660 - 1,760 Marketing Sales volumes (kb/d) 2,674 2,600 - 3,100 2,600 - 3,000 Chemicals & Products Refinery utilisation 85% 87% - 95% 92% - 96% Chemicals utilisation 81% 74% - 82% 68% - 72% Underlying Opex Underlying operating expenses is a measure aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. For further details see the 1st Quarter 2025 unaudited results. $ billions Q1’25 Q1’25 Adjusted Q2’25 Updated Outlook Production and manufacturing expenses 5.5 Selling, distribution and administrative expenses 2.8 Research and development 0.2 Operating Expenses (Opex) 8.6 8.6 Less: Identified Items 0.1 Underlying Opex 8.5 of which: Integrated Gas 1.0 1.0 1.0 - 1.2 Upstream 2.2 2.2 1.9 - 2.5 Marketing 2.4 2.4 2.3 - 2.7 Chemicals and Products 2.1 2.0 1.7 - 2.1 Renewables and Energy Solutions 0.7 0.7 Depreciation, depletion and amortisation $ billions Q1’25 Q1’25 Adjusted Q2’25 Updated Outlook Depreciation, Depletion & Amortisation 5.4 5.4 Less: Identified Items 0.3 Pre-tax depreciation (as Adjusted) 5.1 of which: Integrated Gas 1.4 1.4 1.4 - 1.8 Upstream 2.2 2.2 2.0 - 2.6 Marketing 0.5 0.6 0.5 - 0.7 Chemicals and Products 1.1 0.9 0.8 - 1.0 Renewables and Energy Solutions 0.1 0.1 Taxation Charge $ billions Q1’25 Q1’25 Adjusted Q2’25 Updated Outlook Taxation Charge 4.1 4.1 Less: Identified Items and Cost of supplies adjustment 0.3 Taxation Charge (as Adjusted) 3.8 of which: Integrated Gas 0.8 0.8 0.3 - 0.6 Upstream 3.0 2.6 1.6 - 2.4 Marketing 0.4 0.4 0.2 - 0.6 Chemicals and Products — 0.1 (0.3) - 0.2 Renewables and Energy Solutions — 0.1 Adjusted Earnings The “Adjusted Earnings” measure aims to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. These items are in some cases driven by external factors and may, either individually or collectively, hinder the comparative understanding of Shell’s financial results from period to period. This measure excludes earnings attributable to non-controlling interest. For further details see the 1st Quarter 2025 unaudited results. $ billions Q1’25 Q1’25 Adjusted Q2’25 Updated Outlook Income/(loss) attributable to Shell plc shareholders 4.8 4.8 Add: Current cost of supplies adjustment attributable to Shell plc shareholders — Less: Identified items attributable to Shell plc shareholders (0.8) Adjusted Earnings 5.6 of which: Renewables and Energy Solutions (0.2) — (0.4) - 0.2 Corporate (0.5) (0.5) (0.6) - (0.4) Enquiries Media International: +44 (0) 207 934 5550 Media U.S. and Canada: Contact form Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. The numbers presented in this announcement may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures due to rounding. Forward-Looking statementsThis announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”; “aspiration”; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F and amendment thereto for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, July 7, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell’s net carbon intensityAlso, in this announcement we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell’s net-zero emissions targetShell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking Non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as Adjusted Earnings, Adjusted EBITDA, Cash flow from operating activities excluding working capital movements, Cash capital expenditure, Net debt and Underlying operating expense. Adjusted Earnings and Adjusted EBITDA are measures used to evaluate Shell’s performance in the period and over time.The “Adjusted Earnings” and Adjusted EBITDA are measures which aim to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. Adjusted Earnings is defined as income/(loss) attributable to shareholders adjusted for the current cost of supplies and excluding identified items. “Adjusted EBITDA (CCS basis)” is defined as “Income/(loss) for the period” adjusted for current cost of supplies; identified items; tax charge/(credit); depreciation, amortisation and depletion; exploration well write-offs and net interest expense. All items include the non-controlling interest component. Cash flow from operating activities excluding working capital movements is a measure used by Shell to analyse its operating cash generation over time excluding the timing effects of changes in inventories and operating receivables and payables from period to period. Working capital movements are defined as the sum of the following items in the Consolidated Statement of Cash Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables. Cash capital expenditure is the sum of the following lines from the Consolidated Statement of Cash flows: Capital expenditure, Investments in joint ventures and associates and Investments in equity securities. Net debt is defined as the sum of current and non-current debt, less cash and cash equivalents, adjusted for the fair value of derivative financial instruments used to hedge foreign exchange and interest rate risks relating to debt, and associated collateral balances. Underlying operating expenses is a measure of Shell’s cost management performance and aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. Underlying operating expenses comprises the following items from the Consolidated statement of Income: production and manufacturing expenses; selling, distribution and administrative expenses; and research and development expenses and removes the effects of identified items such as redundancy and restructuring charges or reversals, provisions or reversals and others. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. LEI number of Shell plc: 21380068P1DRHMJ8KU70
DMPI reports gains in key markets - BusinessWorld Online
DEL MONTE Philippines, Inc. (DMPI), a subsidiary of Philippine- and Singapore-listed food and beverage producer Del Monte Pacific Ltd. (DMPL), saw its earnings climb for fiscal year 2025 (May 2024-April 2025), led by its international business. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 40% to P8.6 billion, DMPI said in a statement […]
Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025 - ForexTV
LONDON, July 11, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year ended March 31, 2025 Full-Year Highlights: Revenues for the fiscal year ended March 31, 2025, increased 57% to $2.0 million driven primarily by an increase in software subscriptions and license fees.Net loss for the fiscal year ended March 31, 2025, of $5.2 million, an increase of $0.3 million compared to the net loss of $4.9 million recorded in the prior year.Transformed balance sheet with net assets of $4.6 million at March 31, 2025, compared to net liabilities of $23.0 million at March 31, 2024.Completed Initial Public Offering (“IPO”) in January 2025. Post Year End Strategic Highlights Signed a memorandum of understanding on June 5, 2025 to acquire Resulticks Group Companies Pte Limited (“Resulticks”), subject to definitive agreements, in a transaction valued at approximately US$2 billion, to be primarily settled in Diginex ordinary shares. This combination leverages Resulticks’ real-time audience engagement, agentic AI framework, and global reach to drive sustainability, compliance, customer relationships, and collective growth.Executed a memorandum of understanding on May 23, 2025, to acquire Matter DK ApS (“Matter”), subject to definitive agreements, for approximately US$13 million in an all-share deal. Management believes the acquisition of Matter will strengthen the Company’s sustainability data coverage, ESG analytics offerings, as well as its automated data collection capabilities. Management Commentary “The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,” said Mark Blick, Chief Executive Officer of Diginex Limited. “We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.” “We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.” “We’re also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,” said Mr. Blick. “This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council (“GCC”) region, and support Abu Dhabi’s strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.” The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.” “Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,” continued Mr. Blick. “Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter’s sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.” “Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,” Mr. Blick stated. Revenues For the year endedMarch 31,in USD millions20252024 Subscription and license fees1.30.4Advisory fees0.30.2Customization fees0.40.7Total 2.0 1.3 For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN. Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics. The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company’s strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects. “We are focused on building long-term, sustainable growth across all of our service lines,” said Mr. Blick. “This year’s results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.” General and Administrative Expenses For the year endedMarch 31,in USD millions20252024 Employee benefits 4.8 5.0IT development and maintenance support1.52.1Audit fees0.40.6Professional fees2.10.5Travel and entertainment0.40.5Share based payments0.4-Amortization and depreciation0.10.1Other0.60.5 10.39.3 For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company’s IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees. Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors. Balance Sheet Highlights At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO. The Company’s cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024. The balance sheet at March 31, 2025, held no interest-bearing debt instruments. “The strengthening of our balance sheet following our IPO marks an important milestone for the company,” concluded Mr. Blick. “This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.” About DiginexDiginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company’s website: https://www.diginex.com/. Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. DiginexInvestor RelationsEmail: ir@diginex.com IR Contact - EuropeAnna HöffkenPhone: +49.40.609186.0Email: diginex@kirchhoff.de IR Contact - USJackson LinLambert by LLYCPhone: +1 (646) 717-4593Email: jian.lin@llyc.global IR Contact - AsiaShelly ChengStrategic Financial Relations Ltd.Phone: +852 2864 4857Email: sprg_diginex@sprg.com.hk DIGINEX LIMITEDCONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE LOSSFor the years ended 31 March 2024 and 2025 Year endedYear ended 31 March 202531 March 2024 USDUSDRevenue2,040,6021,299,538General and administrative expenses(10,344,514)(9,363,345)OPERATING LOSS(8,303,912)(8,063,807)Other income, gains or (losses)3,501,2003,753,988Finance cost, net(410,167)(552,651)LOSS BEFORE TAX(5,212,879)(4,862,470)Income tax expense-(8,917)LOSS FOR THE YEAR(5,212,879)(4,871,387)OTHER COMPREHENSIVE INCOME (LOSS) Items that may be reclassified subsequently to profit or loss: Exchange gain (loss) on translation of foreign operations30(7,684)TOTAL COMPREHENSIVE LOSS FOR THE YEAR(5,212,849)(4,879,071) LOSS PER SHARE ATTRIBUTABLE TO THE ORDINARY EQUITY HOLDERS OF THE COMPANY Basic loss per share(0.33)(0.51) Diluted loss per share(0.53)(0.75) DIGINEX LIMITEDCONSOLIDATED STATEMENTS OF FINANCIAL POSITIONAt 31 March 2024 and 2025 At 31 March 2025At 31 March 2024 USDUSDASSETS Right-of-use assets225,672357,202Rental deposit45,46335,431Plant and equipment--Total non-current assets271,135392,633Trade receivables, net1,394,545182,334Contract assets75069,354Other receivables, deposit and prepayment1,066,191253,476Restricted bank balance399,400-Cash and cash equivalents3,111,14176,620Total current assets5,972,027581,784LIABILITIES Trade payables(200,660)(788,798)Other payables and accruals(706,874)(596,870)Tax payables-(8,917)Deferred revenues(505,424)(322,826)Due to a related company(34,579)(34,579)Due to immediate holding company-(5,345,929)Loans from immediate holding company-(1,930,993)Loan from a related company-(1,140,931)Lease liabilities, current(126,808)(122,076)Convertible loan notes, current-(3,975,534)Total current liabilities(1,574,345)(14,267,453)Lease liabilities, net of current portion(110,867)(243,280)Preferred shares-(9,359,000)Convertible loan notes, net of current portion-(114,808)Total non-current liabilities(110,867)(9,717,088)Net current assets (liabilities)4,397,682(13,685,669)Net assets (liabilities)4,557,950(23,010,124)EQUITY (DEFICIT) Share Capital1,150477Share Premium25,689,436-Capital reserve5,126,1503,752,192Warrant reserve79,263,200-Exchange reserve(1,651)(1,681)Share option reserve1,076,3452,409,689Accumulated losses(106,596,680)(29,170,801)Total equity (deficit)4,557,950(23,010,124) DIGINEX LIMITEDCONSOLIDATED STATEMENTS OF CASH FLOWSFor the years ended 31 March 2024 and 2025 Year endedYear ended 31 March 202531 March 2024 USDUSDCASH FLOWS FROM OPERATING ACTIVITIES Loss before taxation(5,212,879)(4,862,470)Adjustments for: Amortization - right-of-use assets125,57599,580Depreciation - property, plant and equipment-3,696Impairment losses (reversed) recognized in respect of trade receivables(2,844)(400)Bad debt written off12,06421,522Write-off of due from related company-81,347Finance costs410,167552,651Share option awards859,6851,352,835Share-based payments expenses on anti-dilution issuance of preferred shares369,648-IPO expenses charged to P&L1,659,081-Net fair value loss of convertible loan notes639,000374,000Net fair value loss of preferred shares(4,117,648)(4,101,000)Operating cash flows before movements in working capital(5,258,151)(6,478,239)Movements in working capital Trade receivables(1,221,431)86,332Other receivables, deposit and prepayment(955,348)(210,936)Contract assets68,604(42,365)Due from a related company-(39,815Trade and other payables(478,610)841,155Deferred revenue182,598(12,840)Amount due to immediate holding company--Cash generated from operations(7,662,338)(5,856,708)Income tax paid(8,917)-Net cash used in operating activities(7,671,255)(5,856,708)CASH FLOWS FROM INVESTING ACTIVITIES Payment to rental deposit(10,032)-Cash used in investing activities(10,032)-CASH FLOWS FROM FINANCING ACTIVITIES Issue of shares under global offerings10,608,750-Payment of transaction costs of issue of new shares(2,948,791)-Loans from immediate holding company3,410,461564,483Advances from immediate holding company713,7195,345,423Proceeds from shares issued50-Proceeds from issuance of convertible loan notes-100,000Loan from a related company--Repayment of due to immediate holding company--Repayment of lease liabilities(138,962)(109,754)Placement of restricted bank balance(399,400)-Repayment of loan from immediate holding company(530,019)(1,150,000)Net cash generated from financing activities10,715,8084,750,152NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS3,034,521(1,106,556)Cash and cash equivalents at the beginning of the year76,6201,183,176CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR3,111,14176,620
Australian Dollar Sees Increased Bearish Sentiment as CFTC Data Shows Rise in Net Short Positions - ForexTV
In the latest data release from the U.S. Commodity Futures Trading Commission (CFTC), the net speculative positions for the Australian Dollar (AUD) indicate a further deepening of bearish sentiment among market participants. As of July 11, 2025, the net speculative positions have moved to -74.3K, down from -70.1K previously.This shift signifies a growing consensus among speculators towards a bearish outlook on the AUD, reflecting potential concerns over Australia's economic prospects or increasing market volatility. The decline in the net positioning marks a continuation of negative sentiment as the currency faces various global and domestic challenges.Given these movements, investors and stakeholders will be closely monitoring both external economic pressures and domestic monetary policies that could influence the AUD's future trajectory. The increased short positions suggest that traders may be preparing for further depreciation in the currency, which could have broader implications for Australian trade and economic stability. As always, market participants are encouraged to consider these developments carefully within the broader context of international financial trends.The material has been provided by InstaForex Company - www.instaforex.com