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OBOOK Holdings Inc. Announces Unaudited Financial Results for the First Half of 2025 Ended June 30, 2025; Core Infrastructure Transition Near Completion; Enterprise Activation and Monetization

OWLS
  • OBOOK Holdings Inc. (NASDAQ: OWLS), operating as OwlTing Group, reported unaudited financial results for the first half of 2025 ending June 30, 2025.
  • The company achieved near completion of its core global payment infrastructure, including regulatory, settlement, processing, & compliance capabilities for enterprise-scale stablecoin payments.
  • Total revenue for the period reached US$3.84 million, an increase from US$3.61 million in the same period of 2024.
  • Payment services revenue grew 16.0% to US$2.17 million, driven by Gross Payment Volume exceeding US$110 million & over 4,100 active accounts.
  • OwlNest hospitality revenue increased approximately 20% to US$1.39 million, supported by over 2,700 subscribers.
  • E-commerce platform revenue declined to US$288 thousand as resources were reallocated to higher-growth payment infrastructure lines.
  • Gross profit was US$480 thousand with a margin of 12.5%, down from 15.0% in the prior year due to higher costs from traditional payment gateway services.
  • Operating expenses totaled US$6.79 million, a rise driven by one-time Nasdaq listing-related costs & professional fees; core expenses excluding these items remained stable.
  • Net loss narrowed by 27.0% to US$3.91 million, attributed to increased revenue, reduced marketing spend, & foreign exchange gains offsetting one-time listing expenses.
  • Operating cash outflows improved significantly to US$1.29 million from US$4.45 million in the prior year period.
  • The company raised approximately US$20 million in pre-listing financing rounds in 2025, with US$14 million completed in the second half of the year.
  • Management expects an activation phase beginning in 2026 where operating leverage will become evident as transaction volumes scale.
  • On November 26, 2025, the Board authorized a share repurchase program of up to US$10 million effective for nine months.
  • The company successfully completed a direct listing on Nasdaq on October 16, 2025, under the ticker symbol "OWLS".
  • OwlTing expanded its U.S. regulatory footprint to cover 40 states with money transmitter licenses in Washington, Kansas, North Carolina, & New Mexico.
  • On December 4, 2025, the company integrated its OwlPay platform into the Circle Payment Network to enable compliant stablecoin transactions across Latin America, Africa, & the EU.
  • On December 9, 2025, OwlTing announced a collaboration with Visa to launch OwlPay Cash, a mobile remittance app offering up to 70% lower transaction costs than SWIFT.
  • A conference call to discuss results & developments was scheduled for December 29, 2025, at 5:00 P.M. Eastern Time.