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 said it faced severe operational and financial challenges in 2025 because of the ongoing war in Ukraine, suspension of VAT refunds and legal uncertainties. It reported a net loss of US$224 million and said liquidity fell sharply. It said a planned US$100 million equity raise is critical for ongoing operations.