Treasure Global Inc
treasureglobal.coWhat Do They Do?
Runs a shopping and payment app connecting consumers with online and physical merchants, offering discounted gift cards, rewards and cashback.
10-K for FY2026, filed Oct 13, 2026We have created an innovative online-to-offline (“O2O”) e-commerce platform business model offering consumers and merchants instant rebates…View ↗
Our proprietary product is an internet application (or “App”) branded “ZCITY App,” which was developed through our wholly owned subsidiary…View ↗
ZCITY App users do not require any on-going credit top-up or need to provide bank card number with their binding obligations. We have…View ↗
How Do They Make Money?
Customers buy discounted gift cards and other products through its marketplace and app, paying before delivery. Merchants pay fees when sales through ZCITY are completed; members pay for subscriptions, and software customers pay for tailored development as work progresses.
10-K for FY2026, filed Oct 13, 2026The Company primarily sells discounted gift cards (or E-vouchers) from retailers, health care products and computer products through…View ↗
The Company recognizes the sales of E-vouchers, health care products, and computer products revenue when the control of the specified goods…View ↗
The Company earns transaction revenue from merchants when transactions are completed on certain retail marketplaces. Such revenue is…View ↗
In order to attract more customer to engage with the Company’s online marketplace and in ZCITY, the Company provides membership…View ↗
The Company generates revenue from customized software development services typically include the design, development, and implementation…View ↗
$5.2M
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10-K for FY2026, filed Oct 13, 2026
$5.2M ↗
Who Are Their Customers?
Consumers buy products directly through the online marketplace and app; participating merchants sell through ZCITY and pay fees on completed transactions. Customers can also subscribe for membership benefits or commission tailored software.
10-K for FY2026, filed Oct 13, 2026The Company primarily sells discounted gift cards (or E-vouchers) from retailers, health care products and computer products through…View ↗
The transactions revenues primarily consist of fees charged to merchants for participating in ZCITY upon successful sales transaction and…View ↗
The Company earns transaction revenue from merchants when transactions are completed on certain retail marketplaces. Such revenue is…View ↗
In order to attract more customer to engage with the Company’s online marketplace and in ZCITY, the Company provides membership…View ↗
The Company generates revenue from customized software development services typically include the design, development, and implementation…View ↗
Do Revenues Turn Into Profits?
No. It lost $11.1M in FY2026.
10-K for FY2026, filed Oct 13, 2026
−$16.4MView ↗
10-K for FY2026, filed Oct 13, 2026
−$11.1MView ↗
10-K for FY2026, filed Oct 13, 2026
−$8MView ↗
How Are They Changing?
Shrinking. Revenue fell 94% in 4 years, from $79.7M in FY2022 to $5.2M in FY2026, about 50% a year.
Food and beverage exit
The older report described restaurant-brand licensing and food ventures; the latest says the company agreed to sell its holding subsidiary for food-and-beverage operations and focus on fintech and digital-asset platforms.
10-K for FY2023, filed Sep 28, 2023 10-K for FY2026, filed Oct 13, 2026We operate solely through our subsidiaries: (i) ZCITY; (ii) AY Food Ventures Sdn Bhd; (iii) Morgan Global Sdn. Bhd; and (iv) Foodlink.…View ↗
In May 2023, we announced that we entered into a licensing agreement with Morganfield’s Holding Sdn Bhd (“Morganfield’s”), a restaurant…View ↗
In June 2023, we announced that we entered into a licensing agreement with Sigma Muhibah Sdn Bhd (“Abe Yus”), a fast-growing Malaysian…View ↗
On December 22, 2025, the Company entered into a Share Sale Agreement with Maison de Cuisine Sdn. Bhd. to sell 100% of the issued and…View ↗
Who Do They Compete With?
Competes with Fave and Shopback
10-K for FY2026, filed Oct 13, 2026Within the Malaysian market, we believe the principal competitors to the ZCITY App to include, but not limited to Fave and Shopback. We…View ↗
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