Diginex Limited announced its financial results for the fiscal year ended March 31, 2025, on July 11, 2025. The company reported a 57% increase in total revenue, reaching $2.0 million, up from $1.3 million in the prior year. This growth was primarily driven by a $0.9 million one-off license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG.
General and administrative expenses increased by $1.0 million to $10.3 million, mainly due to 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. Despite this, the company achieved cost reductions in employee benefits, IT development, and audit fees. Diginex reported a net loss of $5.2 million for the year, an increase from the $4.9 million net loss in the prior year, reflecting ongoing investments in growth and IPO-related expenses.
The company's balance sheet saw a significant transformation, shifting from net liabilities of $23.0 million at March 31, 2024, to net assets of $4.6 million at March 31, 2025. This dramatic improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes, and redeemable preferred shares, all triggered by the January 2025 IPO. The cash position strengthened considerably to $3.1 million from $0.1 million in the prior year, with no interest-bearing debt instruments as of March 31, 2025.
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