Business
Currency Exchange International Reports Fourth Quarter and Fiscal 2025 Results
TORONTO, ON / ACCESS Newswire / January 21, 2026 / Currency Exchange International, Corp. (the...
About this update from Currency Exchange International, Corp.
[{"type":"text","content":"Currency Exchange International Reports Fourth Quarter and Fiscal 2025 ResultsTORONTO, ON / ACCESS Newswire / January 21, 2026 / Currency Exchange International, Corp. (the \"Group\" or \"CXI\") (TSX:CXI)(OTCQX:CURN), today reported 5% revenue growth over the prior year and net income of $10.3 million for the year ended October 31, 2025, up $7.8 million or 317% over the prior year. This 2025 reported net income reflected $14.0 million net income from continuing operations and a net loss of $3.7 million from Exchange Bank of Canada (\"EBC\"), the Group's Canadian subsidiary, which was classified as a discontinued operation in the second quarter of 2025. These results included non-recurring items represented in restructuring charges of $0.3 million related primarily to the closure of CXI's vault in Miami and $0.2 million related to the discontinued operations in Canada. The reported results in the prior year included impairment losses, regulatory compliance charges and other tax items totaling $7.7 million.Excluding these restructuring and non-recurring charges, adjusted net income from continuing operations increased to $14.5 million, up by 10%, the Group's adjusted net income increased to $10.8 million, up by 6%, and the Group's adjusted diluted earnings per share1 (\"EPS\") increased to $1.77, up by 13%. All figures are in U.S. dollars except where otherwise indicated. The completed consolidated financial statements and management's discussion and analysis (\"MD&A\") can be found on the Group's SEDAR profile at www.sedarplus.ca. Reported Adjusted1 EBITDA of $23.3 million 7%EBITDA of $24 million 10%Group Net Income of $10.3 million 317%Group Net Income of $10.8 million 6%Diluted EPS of $1.69 347%Diluted EPS of $1.77 14%ROE of 13% 303%ROE of 13% 2%Below is a reconciliation of reported results to adjusted results based on the non-recurring items: Year endedOctober 31, 2025 Year endedOctober 31, 2024 Reported results $ $ EBITDA 23,278,383 21,707,350 Group net income 10,318,794 2,473,849 Pre-tax adjusting items Specified item: Restructuring and one-time charges 705,234 70,080 Specified item: Discontinued operations pre-tax items (18,128) 6,256,351 Specified item: Discontinued operations tax item - 1,429,852 Total pre-tax adjusting items 687,106 7,756,283 Impact of income tax (188,797) (18,454)Adjusted results1 EBITDA 23,983,617 ...