FXPO posts US$224M net loss amid liquidity crunch, plans US$100M equity raise
FXPO says severe 2025 operational and financial challenges from the war in Ukraine, suspended VAT refunds and legal uncertainties drove a US$224M net loss and sharp liquidity decline. It plans a US$100M equity raise.
The Group faced severe operational and financial challenges in 2025 due to the ongoing war in Ukraine, suspension of VAT refunds, and legal uncertainties, resulting in a net loss of US$224 million and a sharp decline in liquidity.
A planned US$100 million equity raise is critical for ongoing operat…