X Financial Authorizes $100 Million In Additional Share Repurchases

Dow Jones

2025/05/20

By Roshan Fernandez

X Financial approved a share repurchase program of $100 million.

The personal fintech platform said Monday the program is effective June 1 through Nov. 30, 2026.

The new program is in addition to a repurchase plan which was approved in December, and has about $15.9 million remaining. The Shenzhen, China-based company said it didn't repurchase any shares during the first quarter of 2025.

The company said repurchases are subject to market conditions, and may be modified or suspended at management's discretion.

X Financial on Monday also reported its first-quarter financial results.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

May 19, 2025 17:05 ET (21:05 GMT)

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