Banxa (BNXA) Q4 2025 earnings summary

Executive summary

• Hearing for final court order on the plan of arrangement with OSL Group scheduled for November 6, 2025, following adjournment to secure regulatory approvals.

• OSL Group shareholders approved the arrangement at their Extraordinary General Meeting on October 22, 2025.

• FY25 audited financial results have been filed and are available on SEDAR+.

Significant events and developments

• Change of control approval for money-transmitter licenses received in 26 of 37 designated U.S. states.

• OSL Group submitted change of control application to Dutch regulator and is responding to UK FCA queries.

• Arrangement completion remains subject to satisfaction or waiver of all conditions precedent.

Capital allocation and financing

• Promissory Note amended to provide up to an additional US$5.5 million in advances, with specific installment dates and conditions.

• Maturity date of the Promissory Note extended to October 17, 2026, with possible further extension.