FXPO 2025 revenue falls 16% to $787M; net loss $224M
FXPO reported 2025 revenue of $787M, down 16%, and a net loss of $224M. The loss reflected a $154M impairment tied to VAT refund suspension and war-related disruptions.
Revenue declined 16% to $787M in 2025, with a net loss of $224M driven by a $154M impairment linked to VAT refund suspension and war-related disruptions.
Liquidity pressures led to a planned $100M equity raise, while ongoing legal and operational risks threaten going concern.Original document: Ferr…