Amber International Holding Limited (NASDAQ: AMBR), a Hong Kong-based crypto financial institution, has reported its first profitable quarter since completing a SPAC merger in March 2025. The Q1 2025 results showcase strategic success in wealth management and Real World Asset (RWA) tokenization.
Financial Highlights
- Revenue: $14.94 million (66.4% from Amber Premium wealth management services)
- Operating Profit: $830,000
- Adjusted EBITDA: $1.58 million
- Gross Profit: $11 million
- AUM Growth: 11% YoY to $1.28 billion
- Verified Users: 4,657 (+22% YoY)
👉 Discover how RWA tokenization is transforming finance
Strategic Milestones
SPAC Merger Completion
Amber became the first Singapore-headquartered crypto firm to list on Nasdaq through a SPAC merger with iClick Interactive (formerly ICLK) on March 12, 2025. Key details:
| Merger Partner | iClick Interactive (Est. 2009) |
|---|---|
| Previous Performance | $14.22M revenue in H1 2024 (-16% YoY) |
| Amber Pre-Merger | $3.55M revenue in H1 2024 ($16.15M net loss) |
Regulatory Tailwinds
The profitability surge coincides with evolving U.S. crypto policies:
- SEC's new crypto task force formation
- Growing institutional adoption (Coinbase joining S&P 500)
- Antalpha's recent 70% IPO pop
Growth Strategies
Amber unveiled three core initiatives to maintain momentum:
- $100M Crypto Ecosystem Fund
Supporting product innovation and strategic partnerships - RWA Technology Expansion
Developing compliant, high-yield investment solutions - AI-Powered AgentFi System
Pioneering automated digital asset management
👉 Explore crypto's institutional adoption trends
Market Outlook
Projections:
- Q2 2025 Revenue: $15.5M–$17.5M
- FY 2025 Revenue: $65M–$75M
The company's stock surged 16.1% to $9.52 post-earnings, reflecting market confidence in its RWA-focused strategy.
FAQs
Q: How does Amber Premium generate revenue?
A: Through wealth management services for tokenized assets, contributing 66.4% of total revenue.
Q: What makes RWA technology significant?
A: It bridges trillion-dollar physical assets with decentralized finance, creating new yield opportunities.
Q: Why choose SPAC merger over traditional IPO?
A: Faster access to public markets with streamlined regulatory requirements in evolving crypto climate.
Q: What risks does Amber face despite profitability?
A: Intense competition in crypto asset management and regulatory uncertainties across jurisdictions.
Q: How does AgentFi differentiate Amber technologically?
A: By combining AI with decentralized finance for automated, personalized asset management.