Amber International Holding Limited (NASDAQ: AMBR) has authorized a share repurchase program of up to $50 million of its outstanding American Depositary Shares (ADS). The program will begin on December 1, 2025 and is intended to be funded through operating cash flow and existing cash balances, while preserving liquidity for strategic investments.
The company’s third‑quarter 2025 results underscored the strength behind the buyback. Revenue rose to $16.3 million, a 1,934.6% year‑over‑year increase driven by a surge in WFTL Assigned Contracts and growth in the Amber Premium business. Operating profitability flipped from a –4% margin in Q2 to a +8% margin in Q3, and gross margin expanded to 72.3% from 44.7% in the same quarter of 2024.
Segment performance highlighted the company’s focus on high‑margin offerings. Wealth Management Solutions generated $7.5 million in revenue, while Execution Solutions, Marketing & Enterprise Solutions, and Payment Solutions all reported growth, reflecting a shift toward institutional and high‑net‑worth clients. The mix shift toward higher‑margin segments contributed to the margin expansion and the positive operating result.
CEO Michael Wu emphasized that the share repurchase reflects the Board’s confidence in the company’s intrinsic value. He noted that client assets on the platform surged 69.8% year‑over‑year to $1.84 billion and that cumulative KYC‑ed users grew 20.4% to 5,116. Trading volumes reached approximately $3.1 billion in Q3, underscoring robust demand for the company’s Web3 and RWA offerings.
Investors and analysts welcomed the announcement, citing the strong Q3 performance and the buyback as evidence that the market undervalues the company’s growth prospects. The consensus EPS estimate for Q3 was $0.??, and the company’s results exceeded that estimate, reinforcing confidence in its execution and financial discipline.
The buyback signals that management believes the current share price undervalues the company’s intrinsic value. By reducing the number of shares outstanding, the program is expected to lift earnings per share and support a higher valuation. At the same time, Amber International remains focused on expanding its AI and RWA platforms, leveraging the momentum from its merger with iClick Interactive Asia Group Limited and the growing institutional demand for Web3 financial solutions. While the company faces headwinds from crypto market volatility, the tailwinds of strong client asset growth and high‑margin revenue streams position it for continued upside in the near term.
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