05:29 PM EST, 01/22/2025 (MT Newswires) -- Currency Exchange International ( CURN ) after close of trade Wednesday said its 2024 profit fell 76% on losses in its Canadian operations.

The company said it earned $2.47 million, or $0.39 per share, last year, down from $10.19 million, or $1.52, in 2023. The 2024 results included $6.33 million of one-time charges.

The company said the drop in its profit came as its Canadian operations lost $10.8 million, while it earned $13.3 million in its U.S. business.

Revenue rose to $23.1 million from $22.8 million..

"CXI group revenue grew over the prior year allowing us to keep our balance sheet strong while we continue to focus on growth and managing expenses," said chief executive Randoph Pinna. "There were non-recurring items that materially impacted the group's consolidated financial results for the 2024 year. It remains clear that the group's business model is very strong in the United States as it is diverse, with the continuous growth in the payments business complimented by a successful banknotes model for both our Financial Institutions and our Direct to Consumer offering through online, agent and physical branch locations."

The company's shares closed up $0.10 to $22.90 on the Toronto Stock Exchange.