Amber International Holding Limited reported its financial results for the first quarter of 2025, showcasing significant improvements. The company achieved a record-high revenue of $14.9 million, marking an increase of 1,378% compared to the previous year. Gross profit also saw a substantial rise, reaching $11 million, which represents a 2,272% increase from the same period in 2024. The company reported a net income of $0.9 million for the first quarter of 2025, a notable turnaround from a net loss of $11.9 million in the first quarter of 2024. Adjusted EBITDA was $1.6 million, and adjusted net income was $1.5 million, signifying an improvement from previous losses. These results are attributed to the successful merger and robust growth in Amber International's Wealth Management Solutions, as well as effective cost management and strategic investments. The company's CEO, Wayne Huo, highlighted the improved profitability and strategic expansion of higher-margin Amber Premium services as key factors contributing to this positive performance. The financial results also reflect the inclusion of iClick's financial figures following its acquisition and recapitalization, which occurred on March 12, 2025. Amber International has aligned its financial reporting with the International Financial Reporting Standards to maintain consistency with its parent company, Amber Group Limited.
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