TREASURE GLOBAL INC (TGL) Form 10-K — Oct 13, 2026
Treasure Global's fiscal 2026 10-K carries substantial doubt about its ability to continue as a going concern, with only about $1.6 million in cash, a $11.1 million net loss, a $72.5 million accumulated deficit, and $6.9 million of operating cash burn. Management says prior offering proceeds fund operations only through part of Q1 2027 and future capital raises may be dilutive or unavailable. The filing also discloses two material weaknesses in internal control over financial reporting — inadequate U.S. GAAP expertise and a lack of an internal audit function — plus a limited May 2025 cybersecurity incident that suspended the ZCITY App for 44 days.
Key figures
- Total Debt
- 0
- Cash Position
- 1600000
- Registered users
- 2715386
- Private placement
- 1200000
- Shares outstanding
- 5159897
- Accumulated deficit
- 72500000
- Full time employees
- 12
- Reverse split ratio
- 1:20 (Dec 2025), after 1:50 (Apr 2025) and 1:70 (Feb 2024), cumulative 1:3,500
- Atm program capacity
- 10085000
- Registered merchants
- 2027
- Zcity app suspension days
- 44
- Non affiliate market value
- 10100000
- Net cash used operating activities
- 6900000
- Registered direct offering gross proceeds
- 2500000
AI analysis
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