Currency Exchange International Announces a 4% Increase in Revenue for the Year Ended October 31, 2024 over the Prior Year

TORONTO, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Currency Exchange International, Corp. (the “Group” or “CXI”) (TSX: CXI; OTC: CURN), today reported net income of $2.5 million for the year ended October 31, 2024, $7.7 million, or 76% lower than the prior year (all figures are in U.S. dollars except where otherwise indicated). This 2024 reported net income reflected $13.3 million net income in the United States and a net loss of $10.8 million in Canada. These years’ results include several non-recurring charges in Canada totaling $7.7 million. Excluding these items, adjusted net income¹ remained flat compared to the prior year and adjusted diluted earnings per share¹ (“EPS”) was 3% higher than the prior year. The completed consolidated financial statements and management’s discussion and analysis (“MD&A”) can be found on the Group’s SEDAR profile at www.sedarplus.ca.