07:52 AM EDT, 06/12/2025 (MT Newswires) -- Currency Exchange International ( CURN ) overnight Wednesday said its reported and adjusted group net incomes rose in the second quarter compared to a year earlier, even as its total revenue fell.

The company's second-quarter reported group net income was US$1.98 million, up 291% from US$506,522 in the corresponding year-ago quarter. Adjusted net income was up 18% year over year to $2.3 million.

Reported group diluted earnings per share was US$0.31 per share in the quarter, compared to US$0.08 per share last year. Adjusted was $0.36 versus $0.29.

It said 2025 reported net income reflected $2.7 million net income from continuing operations and a net loss of $0.7 million from Exchange Bank of Canada, the company's Canadian subsidiary which was classified as discontinued operations effective the second quarter of 2025. These results include restructuring charges of $0.2 million, pre-tax, related to discontinued operations in Canada and certain one-time charges of $0.1 million, pre-tax

Total revenue fell 3% to US$15.86 million in the quarter, from US$16.35 million in the year-ago quarter. The company attributed the fall in total revenue to a decline in consumer demand for foreign currency "as travel activity tapered during the current quarter."

"The second quarter showed continued growth in the payments business, while with the current political and economic uncertainties, international travel activity to and from the United States decreased banknote revenues," said Chief Executive Officer, Randolph Pinna. "CXI's diversified business model in the United States allows for continued new client growth in the payments business complemented by successful multi-channel banknotes offerings for both our U.S. Financial Institutions in branch or online as well as the Direct-to-Consumer customer offerings through online, agent and physical branch locations."