P30DP30DP12M000000

Table of Contents

Exhibit 99.1

AMBER INTERNATIONAL HOLDING LIMITED

INDEX TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

​

Page

Condensed Consolidated Statements of Financial Position as of December 31, 2025 and June 30, 2026

F-2 - F-3

Condensed Consolidated Statements of Profit or Loss for the Six-month Ended June 30, 2025 and 2026

F-4

Condensed Consolidated Statements of Comprehensive Income/(Loss) for the Six-month Ended June 30, 2025 and 2026

F-5

Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Six-month Ended June 30, 2025 and 2026

F-6

Condensed Consolidated Statements of Cash Flows for the Six-month Ended June 30, 2025 and 2026

F-7 - F-8

Notes to the Condensed Consolidated Interim Financial Statements

F-9 - F-23

​

​

​

F-1

Table of Contents

​

AMBER INTERNATIONAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(US$’000, except share data and per share data, or otherwise noted)

​

​

​

​

​

​

​

​

​

​

​

As of

​

As of

​

​

​

​

December 31,

​

June 30,

​

  ​ ​ ​

Note

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

​

​

(audited)

​

(unaudited)

ASSETS

​

  ​

​

​

​

 

Current assets

 

  ​

​

​

​

​

Cash and cash equivalents

 

5

 

29,895

​

30,186

Time deposits

 

5

 

836

​

836

Restricted cash

 

5

 

3,171

​

3,226

Digital assets

 

6

 

45,958

​

52,111

Trade and other receivables

 

7

 

16,625

​

12,246

Income tax recoverable

 

​

 

141

​

57

Collateral receivables

 

8

 

3,407

​

8,534

Amounts due from related parties

​

19

 

32,341

​

60,081

Financial assets at fair value through profits or loss

​

9

 

22,084

​

13,647

Crypto assets loan receivables

 

10

 

42,141

​

57,788

Derivative financial instruments

 

​

 

316

​

—

​

 

​

 

196,915

​

238,712

Assets classified as held for sale

 

​

 

17

​

10

Total current assets

​

​

​

196,932

​

238,722

​

​

​

​

​

​

​

Non-current assets

 

​

 

​

​

​

Property, plant and equipment

 

​

 

97

​

291

Intangible assets

 

11

 

2,949

​

2,720

Goodwill

 

11

 

53,136

​

53,136

Right-of-use assets

​

​

 

1,484

​

1,124

Investment accounted for using equity method

 

​

 

90

​

70

Financial assets at fair value through profits or loss

 

9

 

1,189

​

1,450

Other receivables

​

7

 

495

​

528

Deferred tax assets

 

​

 

7

​

7

Total non-current assets

​

​

​

59,447

​

59,326

​

 

​

 

​

​

​

Total assets

​

​

​

256,379

​

298,048

​

 

​

​

​

​

​

LIABILITIES AND EQUITY

 

​

​

​

​

​

Current liabilities

 

​

 

​

​

​

Trade and other payables

 

12

 

13,427

​

11,192

Collateral payables

 

8

 

10,941

​

75,558

Contract liabilities

​

​

 

8,575

​

8,232

Liabilities due to customers

​

13

 

61,351

​

49,624

Amounts due to related parties

 

19

 

48,031

​

47,723

Derivative financial instruments

 

​

 

316

​

—

Lease liabilities

 

​

 

867

​

874

Income tax payable

​

​

​

513

​

438

​

​

​

​

144,021

​

193,641

Liabilities classified as held for sale

​

​

​

1,277

​

1,265

Total current liabilities

​

​

​

145,298

​

194,906

​

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

​

F-2

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)

(US$’000, except share data and per share data, or otherwise noted)

​

​

​

​

​

​

​

​

​

​

​

As of

​

As of

​

​

​

​

December 31,

​

June 30,

​

  ​ ​ ​

Note

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

​

​

(audited)

​

(unaudited)

Non-current liabilities

 

  ​

​

​

​

​

Lease liabilities

 

​

 

722

​

274

Accrued liabilities

​

12

 

47

​

47

Total non-current liabilities

 

​

 

769

​

321

​

​

​

 

​

​

​

Total liabilities

​

​

​

146,067

​

195,227

​

 

  ​

 

​

​

​

Equity

​

​

​

​

​

​

Share capital

 

  ​

​

424

​

424

Share premium

​

​

 

90,540

​

90,540

Treasury shares

 

  ​

 

(903)

​

(5,780)

Other reserves

​

​

 

53,390

​

53,010

Accumulated losses

 

  ​

 

(33,139)

​

(35,373)

Total equity

​

​

 

110,312

​

102,821

​

​

​

 

​

​

​

Total equity and liabilities

​

​

​

256,379

​

298,048

​

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

​

​

F-3

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

(US$’000, except share data and per share data, or otherwise noted)

​

​

​

​

​

​

​

​

  ​ ​ ​

​

​

For the six-month ended

​

​

​

​

June 30,

​

  ​ ​ ​

Note

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

​

​

(unaudited)

​

(unaudited)

Continuing operations

​

​

​

​

​

​

Revenue

 

14

 

33,455

 

23,949

Cost of revenue

​

​

 

(7,924)

 

(6,097)

Gross profit

​

​

 

25,531

 

17,852

​

​

​

​

​

​

​

Operating expenses

​

​

​

​

​

​

Research and development expenses

​

​

 

(7,968)

 

(3,102)

Sales and marketing expenses

​

​

 

(3,223)

 

(4,454)

General and administrative expenses

​

​

 

(14,279)

 

(12,453)

Total operating expenses

 

​

 

(25,470)

 

(20,009)

​

​

​

​

​

​

​

Operating income/(loss)

​

​

 

61

 

(2,157)

​

​

​

​

​

​

​

Finance income

 

​

 

92

 

200

Finance costs

 

​

 

(42)

 

(24)

Other gains, net

​

16

​

3,004

​

868

Realized fair value changes of digital assets

​

​

 

98

 

(97)

Realized fair value changes of digital assets on loan from related parties denominated in digital assets

​

​

 

—

​

—

Unrealized fair value changes of digital assets

​

​

​

(1,498)

​

98

Unrealized fair value changes of digital assets on loan from related parties denominated in digital assets

​

​

 

—

​

(1,065)

Profit/(loss) from continuing operations before share of loss from an equity investee and income tax expense

​

​

 

1,715

​

(2,177)

​

​

​

 

​

​

​

Share of losses from an equity investee

​

​

​

(24)

​

(20)

Income tax expense

​

18

 

(4)

​

(59)

Net income/(loss) from continuing operations

​

15

 

1,687

​

(2,256)

​

​

​

 

​

​

​

Discontinued operations

​

​

 

​

​

​

Net (loss)/profit from discontinued operations

​

​

​

(43)

​

22

​

​

​

​

​

​

​

Net profit/(loss)

​

​

​

1,644

​

(2,234)

​

Note:

Comparative figures for the six-month ended June 30, 2025 have been re-presented on a consistent basis to reflect the classification of discontinued operations.

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

​

F-4

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

(US$’000, except share data and per share data, or otherwise noted)

​

​

​

​

​

​

​

​

  ​ ​ ​

​

​

For the six-month ended

​

​

​

​

June 30,

​

  ​ ​ ​

Note

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

​

​

(unaudited)

​

(unaudited)

Net profit/(loss)

​

​

 

1,644

 

(2,234)

​

​

​

​

​

​

​

Other comprehensive loss:

​

​

​

​

​

​

Item that may be reclassified subsequent to profit or loss:

​

​

 

​

​

​

Foreign currency translation adjustment

​

​

 

(115)

​

(419)

Total comprehensive income/(loss), net of tax US$nil

​

​

 

1,529

​

(2,653)

​

​

​

​

​

​

​

Total comprehensive income/(loss) attributable to:

​

​

 

​

​

​

Owners of Amber International Holding Limited

​

​

​

1,533

​

(2,653)

Non-controlling interest

​

​

 

(4)

​

—

​

​

​

​

1,529

​

(2,653)

​

​

​

​

​

​

​

Net profit/(loss) attributable to owners of Amber International Holding Limited from:

​

​

​

​

​

​

Continuing operations

​

​

​

1,687

​

(2,256)

Discontinued operations

​

​

​

(15)

​

22

​

​

​

​

1,672

​

(2,234)

Net profit/(loss) attributable to non-controlling interest from discontinued operations

​

​

​

(28)

​

—

​

​

​

​

1,644

​

(2,234)

​

​

​

​

​

​

​

Net profit/(loss) from continuing operations per ADS attributable to Amber International Holding Limited

​

​

​

​

​

​

- Basic

​

​

​

0.0212

​

(0.0240)

- Diluted

​

​

 

0.0212

​

(0.0240)

​

​

​

​

​

​

​

Net (loss)/profit from discontinued operations per ADS attributable to Amber International Holding Limited

​

​

 

​

​

​

- Basic

​

​

​

(0.0002)

​

0.0002

- Diluted

​

​

​

(0.0002)

​

0.0002

​

​

​

​

​

​

​

Weighted average number of ADS used in per ADS calculation:

​

​

​

​

​

​

- Basic

​

​

​

79,493,454

​

93,839,047

- Diluted

​

​

 

79,496,261

​

93,839,047

​

Note:

Certain amounts of other comprehensive loss differ from those previously reported in the earnings release furnished as Exhibit 99.1 to the Company’s Form 6-K dated September 3, 2026 (the “Prior 6-K”), principally due to foreign currency translation differences. The amount of the error being corrected is approximately US$1,296,000, which decreased other comprehensive losses for the six-month ended June 30, 2026 as previously reported. Such differences do not affect net loss, net loss per ADS, revenue or cash flows for the six-month ended June 30, 2026. The condensed consolidated interim financial statements furnished herewith supersede the corresponding information in the Prior 6-K.

​

The accompanying notes are an integral part of these condensed consolidated interim financial statements

​

F-5

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(US$’000, except share data and per share data, or otherwise noted)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Amber

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

International

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Holding

​

Non-

​

​

​

​

Share

​

Share

​

Treasury

​

​

​

Accumulated

​

shareholders’

​

controlling

​

Total

​

  ​ ​ ​

capital

  ​ ​ ​

premium

  ​ ​ ​

shares

  ​ ​ ​

Reserves

  ​ ​ ​

losses

  ​ ​ ​

equity

  ​ ​ ​

interests

  ​ ​ ​

equity

Balance at January 1, 2025

​

1

​

13,499

​

—

​

53,175

​

(36,890)

​

29,785

​

—

​

29,785

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income/(loss) for the period

 

—

​

—

​

—

​

—

​

1,672

​

1,672

​

(28)

​

1,644

Other comprehensive (loss)/income

 

—

​

—

​

—

​

(139)

​

—

​

(139)

​

24

​

(115)

Total comprehensive loss/(income) for the period

 

—

​

—

​

—

​

(139)

​

1,672

​

1,533

​

(4)

​

1,529

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Waiver of related party balances

 

—

​

—

​

—

​

50

​

—

​

50

​

—

​

50

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transaction with owners in their capacity as owners:

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Issuance of ordinary shares upon consummation of merger, net of issuance cost (Note (i))

​

407

​

59,548

​

(32)

​

—

​

—

​

59,923

​

—

​

59,923

Share-based compensation expense

 

—

​

—

​

—

​

8

​

—

​

8

​

—

​

8

​

 

407

​

59,548

​

(32)

​

8

​

—

​

59,931

​

—

​

59,931

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance at June 30, 2025 (unaudited)

 

408

​

73,047

​

(32)

​

53,094

​

(35,218)

​

91,299

​

(4)

​

91,295

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance at January 1, 2026

 

424

​

90,540

​

(903)

​

53,390

​

(33,139)

​

110,312

​

—

​

110,312

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net loss for the period

​

—

​

—

​

—

​

—

​

(2,234)

​

(2,234)

​

—

​

(2,234)

Other comprehensive loss

​

—

​

—

​

—

​

(419)

​

—

​

(419)

​

—

​

(419)

Total comprehensive loss for the period

​

—

​

—

​

—

​

(419)

​

(2,234)

​

(2,653)

​

—

​

(2,653)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transaction with owners in their capacity as owners:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Share-based compensation expense

​

—

​

—

​

—

​

39

​

—

​

39

​

—

​

39

Repurchase of ordinary shares (Note (ii))

​

—

​

—

​

(4,877)

​

—

​

—

​

(4,877)

​

—

​

(4,877)

​

​

—

​

—

​

(4,877)

​

39

​

—

​

(4,838)

​

—

​

(4,838)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance at June 30, 2026 (unaudited)

​

424

​

90,540

​

(5,780)

​

53,010

​

(35,373)

​

102,821

​

—

​

102,821

​

Note:

(i)

Comparative figures for the six-month ended June 30, 2025 have been restated to reflect the finalization of the provisional accounting for the reverse acquisition of iClick Interactive Asia Group Limited completed in March 2025. The amount recognized for the issuance of ordinary shares upon consummation of the merger, net of issuance costs, has been adjusted accordingly.

(ii)

On November 26, 2025, board of directors of the Company approved and authorized to repurchase up to US$50 million of ADSs over a 12-month period commencing December 1, 2025. As of June 30, 2026, the Company had repurchased a total of 2,636,910 ADSs under this program for an aggregate consideration of approximately US$5.8 million

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

​

F-6

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(US$’000, except share data and per share data, or otherwise noted)

​

​

​

​

​

​

​

​

​

​

​

For the six-month ended

​

​

​

​

June 30,

​

  ​ ​ ​

Note

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

​

​

(unaudited)

​

(unaudited)

Cash flows from operating activities

​

​

 

  ​

 

  ​

Profit/(loss) before income tax from:

​

​

 

​

​

​

Continuing operations

​

​

​

1,691

​

(2,197)

Discontinued operations

​

​

​

(43)

​

22

​

​

​

​

​

​

​

Adjustments for:

​

​

​

​

​

​

Depreciation of property, plant and equipment

 

15

 

2

​

31

Amortization of intangible assets

 

15

 

319

​

377

Amortization of right-of-use assets

​

15

 

300

​

404

Allowance for/(reversal of) credit losses on accounts receivable

​

​

 

162

​

(45)

Share-based compensation expenses

​

​

 

805

​

39

Fair value changes on financial asset at fair value through profits or loss

​

16

 

(911)

​

26

Share of losses from an equity investee

​

​

 

24

 

20

Realized fair value changes on digital assets

​

​

 

—

​

97

Realized fair value changes on amount due to related parties denominated in digital assets

​

​

​

(98)

​

—

Fair value changes on derivative contract

​

16

​

(1,250)

​

—

Unrealized fair value changes on digital assets

​

​

 

—

​

(98)

Unrealized fair value changes on amount due to related parties denominated in digital assets

​

​

 

1,498

​

1,065

Write off of other payables

​

16

​

—

​

(173)

Interest expense

​

​

 

61

​

24

Interest income

​

​

 

(99)

​

(200)

Net income received or settled in digital assets

​

​

 

(2,086)

 

(2,401)

Operating cash flows before working capital changes

​

​

 

375

 

(3,009)

​

​

​

​

​

​

​

Changes in working capital:

​

​

​

​

​

​

Trade and other receivables

​

​

 

276

​

4,341

Trade and other payables

​

​

 

(4,588)

​

(2,074)

Contract liabilities

​

​

 

878

​

(343)

Restricted cash

​

​

​

—

​

(55)

Crypto assets

​

​

​

3,209

​

8,956

Balances with related parties

​

​

 

(4,256)

​

(6,777)

Cash (used in)/generated from operating activities

​

​

 

(4,106)

​

1,039

Income tax refunded

​

​

 

9

​

—

Net cash (used in)/generated from operating activities

​

​

 

(4,097)

​

1,039

​

​

​

​

​

​

​

Cash flows from investing activities

​

​

​

​

​

​

Net cash acquired from business combination

​

​

 

18,249

​

—

Purchase of property, plant and equipment

​

​

​

—

​

(227)

Purchase of intangible assets

​

​

 

(92)

​

(151)

Purchase of financial assets at fair value through profits or loss

​

​

 

(1,086)

​

(100)

Disposal of financial assets at fair value through profits or loss

​

​

​

—

​

2,935

Disposal of crypto assets held

​

​

​

2,086

​

2,401

Interest received

​

​

 

99

​

200

Advance to related parties

​

​

 

(1,337)

​

—

Net cash generated from investing activities

​

​

 

17,919

​

5,058

​

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

​

F-7

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(US$’000, except share data and per share data, or otherwise noted)

​

​

​

​

​

​

​

​

​

​

​

For the six-month ended

​

​

​

​

June 30,

​

  ​ ​ ​

Note

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

​

​

(unaudited)

​

(unaudited)

Cash flows from financing activities

​

​

​

​

​

​

Repayment of bank borrowings

​

​

 

(1,969)

 

—

Proceeds from bank borrowings

​

​

 

2,672

 

—

Proceeds from/(repayment to) related parties, net

​

​

 

2,471

 

(33)

Payment for principal and interest of lease liabilities

​

​

 

(383)

 

(512)

Repurchase of ordinary shares

​

​

​

—

​

(4,877)

Net cash generated from/(used in) financing activities

​

​

 

2,791

 

(5,422)

​

​

​

​

​

​

​

Net increase in cash and cash equivalents

​

​

 

16,613

 

675

Cash and cash equivalents at the beginning of period

​

​

 

9,326

 

29,895

Effect on exchange rate changes on cash and cash equivalents

​

​

 

(112)

 

(384)

Cash and cash equivalents at the end of period

​

5

 

25,827

 

30,186

​

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

​

​

F-8

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

1.Organization and principal activities

Amber International Holding Limited (the “Company” or “Amber International”) is a Cayman Islands holding company with no operations of its own and conducts its business through its subsidiaries and its controlled structured entity (“Variable interest entity”, or “VIE”). Amber International, its subsidiaries and its VIE are collectively referred to as the Group.

Amber International was incorporated under the law of Cayman Islands as a limited company on February 3, 2010. The Group is principally engaged in the provision of digital assets platform, and provision of agentic services and solutions. The Company’s principal operations and geographic market are in Singapore and Hong Kong.

​

2.Basis of preparation

These condensed consolidated interim financial statements for the six-month ended June 30, 2026 have been prepared in accordance with International Accounting standard (“IAS”) 34, “Interim Financial Reporting” as issued by the IASB. The interim report does not include all of the notes normally included in the annual consolidated financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) Accounting Standards as issued by the International Accounting Standards Board (“IASB”). Accordingly, this report should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2025. The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except for the adoption of new and amended IFRS as set out below.

(a)Amendments to standards and annual improvements adopted

IFRS 9 and IFRS 7        

  ​ ​ ​

Classification and Measurement of Financial Instruments and Contracts
Referencing Nature-dependent Electricity (amendments)

IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7

​

Annual Improvements to IFRS Accounting Standards — Volume 11

​

The adoption of the amendments to standards and annual improvements does not have material impact on the condensed consolidated interim financial statements of the Group.

(b)New standards and amendments to standards issued that are not yet effective

​

  ​ ​ ​

​

  ​ ​ ​

Effective for 
annual periods 
beginning on or
 after

IFRS 18

​

Presentation and Disclosure in Financial Statements

​

January 1, 2027

IFRS 19

​

Subsidiaries without Public Accountability: Disclosures

​

January 1, 2027

IAS 21

​

Translation to a Hyperinflationary Presentation Currency (amendments)

​

January 1, 2027

IFRS 20

​

Regulatory Assets and Regulatory Liabilities

​

January 1, 2029

IFRS 10 and IAS 28

​

Sale or Contribution of Assets between an Investor and its Associate or
Joint Venture (amendments)

​

To be determined

​

The Group is in the process of making an assessment of the impact of these new standards and amendments to standards upon initial application. The adoption of IFRS 18 will not affect the recognition or measurement of items in the condensed consolidated interim financial statements. It mainly has impacts on presentation and disclosure of income and expenses and adds new disclosure requirements on management—defined performance measures. Except for IFRS 18, none of these is expected to have significant impact on the Group in the current or future reporting periods and on foreseeable future transactions.

F-9

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

3.Estimates

The preparation of the condensed consolidated interim financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates.

In preparing these condensed consolidated interim financial statements, the significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements for the year ended December 31, 2025.

4.Financial risk management and financial instruments

4.1Financial risk factors

The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, digital asset price risk, risks associated with the storage and protection of digital assets and investment risk related to trading of digital assets), credit risk and liquidity risk.

The condensed consolidated interim financial statements do not include all financial risk management information and disclosures required in the annual financial statements, and should be read in conjunction with the Group’s annual consolidated financial statements for the year ended December 31, 2025.

There has been no material change in our risk profile and management since year end.

4.2Fair value estimation

The carrying amounts of trade and other receivables, cash and cash equivalents, time deposits, restricted cash, trade and other payables, amounts with related parties and lease liabilities as at June 30, 2026 approximate their fair values.

The Group analyzes its financial assets and liabilities carried at fair values by level of the inputs to valuation techniques used to measure the fair values. Such inputs are categorized into three levels within a fair value hierarchy as follows:

●Level 1: unadjusted quoted prices in active markets for identical assets or liabilities;
●Level 2: inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly (that is, as prices) or indirectly (that is, derived from prices); and
●Level 3: inputs for the assets or liabilities that are not based on observable market data (that is, unobservable inputs).

​

F-10

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

4.Financial instruments (Continued)

4.2Fair value estimation (Continued)

The following table sets forth the financial assets and liabilities, measured at fair value, by level within the fair value hierarchy as of December 31, 2025 and June 30, 2026.

​

​

​

​

​

​

​

​

​

​

​

​

Fair value of financial instruments using

​

​

Quoted prices in

​

Significant

​

​

​

​

​

​

active markets

​

observable inputs

​

Significant

​

​

​

​

for identical

​

other than quoted

​

unobservable

​

Total

​

​

instruments

​

prices

​

inputs

​

fair

​

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

  ​ ​ ​

value

At December 31, 2025

​

​

​

​

​

​

​

​

Financial assets:

​

​

​

​

​

​

​

​

Financial assets at fair value through profits or loss

​

268

​

—

​

23,005

​

23,273

Crypto assets loan receivables

 

42,141

 

—

 

—

 

42,141

Derivative financial instruments

 

—

 

316

 

—

 

316

Collateral receivables

 

3,407

 

—

 

—

 

3,407

Amounts due from related parties

 

21,427

 

—

 

—

 

21,427

Digital assets

 

45,350

 

608

 

—

 

45,958

​

 

112,593

 

924

 

23,005

 

136,522

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Derivative financial instruments

 

—

 

316

 

—

 

316

Collateral payables

 

10,941

 

—

 

—

 

10,941

Liabilities due to customers

 

61,351

 

—

 

—

 

61,351

Amounts due to related parties

 

42,497

 

—

 

—

 

42,497

​

 

114,789

 

316

 

—

 

115,105

​

​

​

​

​

​

​

​

​

At June 30, 2026

 

  ​

 

  ​

 

  ​

 

  ​

Financial assets:

 

  ​

 

  ​

 

  ​

 

  ​

Financial assets at fair value through profits or loss

 

275

 

—

 

14,822

 

15,097

Crypto assets loan receivables

 

57,788

 

—

 

—

 

57,788

Collateral receivables

 

8,534

 

—

 

—

 

8,534

Amounts due from related parties

 

37,122

 

—

 

—

 

37,122

Digital assets

 

52,053

 

58

 

—

 

52,111

​

 

155,772

 

58

 

14,822

 

170,652

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Collateral payables

 

75,558

 

—

 

—

 

75,558

Liabilities due to customers

 

49,624

 

—

 

—

 

49,624

Amounts due to related parties

 

39,705

 

—

 

—

 

39,705

​

 

164,887

 

—

 

—

 

164,887

​

There were no transfers among the Levels 1, 2 and 3 during the six-month ended June 30, 2026. There were also no changes made to any of the valuation techniques applied as of December 31, 2025.

The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required for evaluating the fair value of a financial instrument are observable, the instrument is included in Level 2.

​

F-11

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

4.Financial instruments (Continued)

4.2Fair value estimation (Continued)

If one or more of the significant inputs are not based on observable market data, the instrument is included in Level 3. Specific valuation techniques used to value financial instruments mainly include:

(i)the use of net assets value as reported by the external fund administrators without adjustment;
(ii)the use of quoted market prices for similar instruments;
(iii)other techniques, including market approach, are used to determine fair value for financial instruments.

The Level 3 instruments mainly include unlisted equity investments. As these investments are not traded in an active market, their fair values are determined using the market approach, which requires significant judgment, assumptions and inputs, including risk-free rates, discount for lack of marketability (“DLOM”), enterprise value-to-sales multiple, relevant underlying financial projections, and market information of recent transactions (such as recent fund raising transactions undertaken by the investees) and other exposure, etc.

The following table presents the changes and movement of financial instruments in Level 3 for the six-month ended June 30, 2025 and 2026:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fund

  ​ ​ ​

Unlisted equity

  ​ ​ ​

  ​ ​ ​

​

​

investments

​

investments  

​

Total

At January 1, 2025

 

264

 

—

 

264

Business combination – merger transaction

 

5,846

 

—

 

5,846

Additions during the period

 

—

 

1,000

 

1,000

Fair value changes

 

(237)

 

—

 

(237)

At June 30, 2025

 

5,873

 

1,000

 

6,873

​

​

​

​

​

​

​

At January 1, 2026

 

22,005

 

1,000

 

23,005

Additions during the period

 

100

 

—

 

100

Disposals during the period

 

(2,935)

 

—

 

(2,935)

Transfer to a related party (Note)

 

(4,246)

 

—

 

(4,246)

Fair value changes

 

(1,102)

 

—

 

(1,102)

At June 30, 2026

 

13,822

 

1,000

 

14,822

​

Note:

In June 2026, the Group transferred its 100% holdings in a fund investment for a cash consideration of approximately US$4 million to a related entity as part of an internal restructuring. Amount was settled subsequently in July 2026.

​

F-12

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

5.Cash and cash equivalents and restricted cash

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

Cash at bank

 

24,641

 

26,372

Short-term bank deposits

 

5,254

 

3,814

Time deposits with maturities over three months

 

836

 

836

Restricted cash

 

3,171

 

3,226

​

 

33,902

 

34,248

​

Cash and cash equivalents, time deposits and restricted cash as of December 31, 2025 and June 30, 2026 primarily consist of the following currencies:

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

US$

 

26,584

 

25,869

Renminbi (“RMB”)

 

1,503

 

1,323

Singapore dollar (“SGD”)

 

821

 

1,010

Hong Kong dollar (“HK$”)

 

3,613

 

4,736

United Arab Emirates dirhams (“AED”)

 

879

 

848

Japanese Yen (“JPY”)

 

162

 

183

Others

 

340

 

279

​

 

33,902

 

34,248

​

​

6.Digital assets

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

Digital assets held on exchange institution

 

45,958

 

52,111

​

The following table sets forth the fair values of digital assets held by the Group as of the end of the reporting periods:

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

Bitcoin (“BTC”)

 

7,883

 

20,447

Ethereum (“ETH”)

 

5,937

 

3,812

USD Tether (“USDT”)

 

19,081

 

7,933

USD Coin (“USDC”)

 

12,449

 

17,882

Others (Note)

 

608

 

2,037

​

 

45,958

 

52,111

​

Note:

Others mainly consist of “USDG”, “XRP”, “ADA”, “BCH”, “DOT”, “BNB”, “TRX” and “SOL”, no other crypto asset individually representing more than 5% of the total digital assets.

F-13

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

7.Trade and other receivables, net

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

Trade receivables, gross

 

7,345

 

6,270

Less: allowance for credit losses

 

(1,855)

 

(1,796)

Trade receivables, net

 

5,490

 

4,474

​

​

​

​

​

Rebate receivables

 

436

 

216

Deposits

 

1,121

 

1,222

Loans receivable

 

3,858

 

—

Interest receivables

 

127

 

328

Others

 

166

 

167

Sub-total

 

11,198

 

6,407

​

​

​

​

​

Prepaid media costs

​

4,363

​

4,522

Prepayments

​

1,458

​

1,660

VAT and other tax recoverable

​

101

​

185

Total trade and other receivables

​

17,120

​

12,774

​

​

​

​

​

Less: non-current rental deposits

 

(495)

 

(528)

​

 

16,625

 

12,246

​

Trade receivables are non-interest bearing and are generally on 30-90 days (December 31, 2025:same) credit terms.

​

8.Collateral receivables and collateral payables

The Company offers structured cryptocurrency derivative arrangements to customers, comprising:

(i)Accumulator and Decumulator (“AQDQ”) – Structured derivative contracts that allow customers to systematically buy (accumulate) or sell (decumulate) specified cryptocurrencies at predetermined strike prices over a set period; and
(ii)Fixed Coupon Notes (“FCN”) – Yield-enhancing structured investments offering fixed periodic coupon payments with embedded options. FCN structures (including bullish, bearish, capped-loss, and worst-of variants) feature early redemption mechanisms upon specified knock-out events and may settle via cash or physical delivery of the underlying digital assets at maturity, subject to strike price performance and defined loss-limit parameters.

In order to mitigate market and credit exposures, these structured products involve bilateral collateral and back-to-back hedging arrangements. The structural difference in margin terms, where the Group collects higher initial collateral from customers (collateral payables) than it is required to post to institutional hedging counterparties (collateral receivables), results in collateral payables significantly exceeding collateral receivables.

Both receivables and payables are measured at fair value. The Group maintains operational control over custodial assets but does not assume ownership.

F-14

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

8.Collateral receivables and collateral payables (Continued)

The following table sets forth the fair values of collateral receivables and payables as of the end of the financial periods:

Collateral receivables

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

BTC

 

—

 

4,065

ETH

​

124

​

—

USDC

 

2,936

 

3,970

USDT

 

347

 

499

​

 

3,407

 

8,534

​

Collateral payables

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

BTC

 

—

 

30,875

ETH

​

1,487

​

2,354

USDC

 

7,164

 

25,027

USDT

 

2,290

 

17,302

​

 

10,941

 

75,558

​

​

9.Financial assets at fair value through profits or loss

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

Non-current assets

 

  ​

 

  ​

Unlisted equity investments

 

1,000

 

1,000

Fund investments

 

189

 

450

​

 

1,189

 

1,450

Current assets

 

  ​

 

  ​

Fund investments

 

21,816

 

13,372

Hong Kong listed equity securities

 

268

 

275

​

 

22,084

 

13,647

​

​

​

​

​

​

 

23,273

 

15,097

​

​

10.Crypto assets loan receivables

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

Gross balance

 

42,057

 

59,650

Fair value changes

 

84

 

(1,862)

Less: allowance of credit losses

 

—

 

—

Net carrying amount

 

42,141

 

57,788

​

F-15

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

10.Crypto assets loan receivables (Continued)

Crypto assets loan receivables are denominated in the following cryptocurrencies:

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

BTC

 

10,940

 

18,162

ETH

 

8,562

 

5,421

USDS (Note)

 

6,896

 

2,323

USDC

 

6,412

 

13,848

USDT

 

9,331

 

18,034

​

 

42,141

 

57,788

​

Note:

USDS is a cryptographic blockchain-based digital information unit token issued by the Group and only used in Group’s platform. Each USDS is equivalent to US$1.

​

11.Intangible assets and goodwill

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Computer

  ​ ​ ​

​

  ​ ​ ​

Brand

  ​ ​ ​

Customer

  ​ ​ ​

​

  ​ ​ ​

​

​

​

software

​

Trademark

​

name

​

relationship

​

Goodwill

​

Total

For the six-month ended June 30, 2025

 

  ​

 

  ​

 

  ​

 

  ​

​

​

 

  ​

At beginning of the period

 

160

​

—

​

—

​

—

​

16,735

​

16,895

Business combination – merger transaction

 

87

​

—

​

2,060

​

1,100

​

36,401

​

39,648

Additions

 

92

​

—

​

—

​

—

​

​

​

92

Amortization

 

(104)

​

—

​

(150)

​

(65)

​

—

​

(319)

At end of the period (unaudited)

 

235

​

—

​

1,910

​

1,035

​

53,136

​

56,316

​

 

​

​

​

​

​

​

​

​

​

​

​

For the six-month ended June 30, 2026

​

​

​

​

​

​

​

​

​

​

​

​

At beginning of the period

 

372

​

—

​

1,652

​

925

​

53,136

​

56,085

Additions

 

151

​

—

​

—

​

—

​

—

​

151

Amortization

 

(9)

​

—

​

(258)

​

(110)

​

—

​

(377)

Currency exchange difference

 

(3)

​

—

​

—

​

—

​

—

​

(3)

At end of the period (unaudited)

 

511

​

—

​

1,394

​

815

​

53,136

​

55,856

​

​

12.Trade and other payables

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

Current

​

​

​

​

Trade payables

 

3,080

​

3,190

Other payables

 

1,698

​

1,474

VAT and other taxes payables

 

19

​

—

Security deposit received from customers

 

279

​

180

Accrued employee benefits

 

5,296

​

4,190

Accrued professional fees

 

2,883

​

1,995

Accrued expenses

 

172

​

163

​

 

13,427

​

11,192

​

​

​

​

​

Non-current

​

​

​

​

Accrued liabilities

​

47

​

47

​

F-16

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

13.Liabilities due to customers

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

​

2025

​

2026

​

​

(audited)

​

(unaudited)

Structured products

 

44,797

​

34,683

Fund investments

 

16,133

​

14,667

Accrued interest

​

421

​

274

​

 

61,351

​

49,624

​

Liabilities due to customers mainly related to proceeds received from customers who purchased cryptocurrency-denominated products, which represent fixed/variable interest cryptocurrency deposited on the “Amber Premium SG” platform operated by the Group.

These deposits are not protected by any insurance and are unsecured. The cryptocurrency-denominated products are structured products, which consist of (i) structured products without option element, and (ii) structured products with option element.

In addition to the cryptocurrency-denominated products described above, liabilities due to customers also include funds deposited by customers for which the Group acts as a nominee in making fund investments on behalf of its customers. Although the Group acts in a nominee capacity, management has determined that the Group controls the related fund investments as they are held in the name of the Group. These investments are presented as “Fund Investments” in Note 9 and are measured at fair value through profit or loss. The investment term does not exceed one year. Correspondingly, these customer liabilities have been designated at fair value through profit or loss, with changes in fair value recognized in profit or loss to eliminate an accounting mismatch that would otherwise arise from measuring the related fund investments at fair value.

​

14.Segment information

The chief operating decision-maker (“CODM”) regularly reviews financial results, allocates resources to and assesses the performance of each of the following reportable segments:

​

(i) Digital Assets Services and Solutions — development of digital asset platform and provision of digital asset service and solutions.

(ii) Marketing and Enterprise Solutions — provision of AI-driven online advertising services and provision of digitalized operational solutions.

​

To align with the Company’s latest business strategy and focus on the on-going AI adoption, the Company introduced a new revenue grouping, Agentic Revenue, comprising the new revenue stream through Agentic Market Making (“A-MM”) and the existing revenues generated from Marketing and Enterprise Solutions (formerly known as Online Advertising and SaaS Solutions) segment to better reflect the evolution of its AI-enabled business model.

​

​

F-17

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

14.Segment information (Continued)

The presentation of reportable operating segments has been revised, and accordingly the comparative figures of such reportable segments have been restated, as the management believes that the information regarding such restated segments would be useful to the users of these condensed consolidated interim financial statements.

​

​

​

​

​

​

​

​

​

​

​

​

Unaudited

​

  ​ ​ ​

For the six-month ended June 30, 2026

​

​

Digital Assets

​

Marketing and

​

​

​

​

​

​

Services

​

Enterprise

​

​

​

​

​

  ​ ​ ​

and Solutions

  ​ ​ ​

Solutions

  ​ ​ ​

Unallocated

  ​ ​ ​

Total

Digital assets platform revenue:

​

  ​

​

  ​

​

  ​

​

  ​

Wealth management solutions

​

9,569

​

—

​

—

​

9,569

Execution solutions

 

1,596

 

—

 

—

 

1,596

Payment solutions

 

1,090

 

—

 

—

 

1,090

​

 

12,255

​

—

 

—

 

12,255

​

​

​

​

​

​

​

​

​

Agentic revenue

 

3,525

 

8,169

 

—

 

11,694

​

​

​

​

​

​

​

​

​

Total segment revenues

 

15,780

 

8,169

 

—

 

23,949

​

​

​

​

​

​

​

​

​

Segment operating loss

 

(658)

 

(379)

 

(1,120)

 

(2,157)

​

​

​

​

​

​

​

​

​

Other profit or loss information:

 

  ​

 

  ​

 

  ​

 

  ​

Depreciation and amortization

 

(154)

 

(658)

 

—

 

(812)

Finance income

 

85

 

115

 

—

 

200

Finance costs

 

(8)

 

(16)

 

—

 

(24)

Income tax expense

 

—

 

(59)

 

—

 

(59)

Share of losses from an equity investee

 

—

 

(20)

 

—

 

(20)

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Unaudited

​

  ​ ​ ​

For the six-month ended June 30, 2025

​

​

Digital Assets

​

Marketing and

​

​

​

​

​

​

Services

​

Enterprise

​

​

​

​

​

  ​ ​ ​

and Solutions

  ​ ​ ​

Solutions

  ​ ​ ​

Unallocated

  ​ ​ ​

Total

Digital assets platform revenue:

​

  ​

​

  ​

​

  ​

​

  ​

Wealth management solutions

​

21,462

​

—

​

—

​

21,462

Execution solutions

​

4,684

​

—

​

—

​

4,684

Payment solutions

 

1,655

 

—

 

—

 

1,655

​

 

27,801

 

—

 

—

 

27,801

​

​

​

​

​

​

​

​

​

Agentic revenue

 

—

 

5,654

 

—

 

5,654

​

​

​

​

​

​

​

​

​

Total segment revenues

 

27,801

 

5,654

 

—

 

33,455

​

​

​

​

​

​

​

​

​

Segment operating profit/(loss)

 

3,967

 

(93)

 

(3,813)

 

61

​

​

​

​

​

​

​

​

​

Other profit or loss information:

 

  ​

 

  ​

 

  ​

 

  ​

Depreciation and amortization

 

(229)

 

(392)

 

—

 

(621)

Finance income

 

60

 

32

 

—

 

92

Finance costs

 

(12)

 

(30)

 

—

 

(42)

Income tax expense

 

—

 

(4)

 

—

 

(4)

Share of losses from an equity investee

 

—

 

(24)

 

—

 

(24)

​

F-18

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

14.Segment information (Continued)

The following table breaks down revenue by geographic location of the Group’s revenue. The geographical location is based on the geographical location where customers are located.

​

​

​

​

​

​

​

  ​ ​ ​

For the six-month ended

​

  ​ ​ ​

June 30,

​

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

(unaudited)

​

(unaudited)

Asia

​

6,715

​

11,321

North America

 

12,065

 

12,070

Africa

 

14,639

 

29

Europe

 

27

 

519

Others

 

9

 

10

​

 

33,455

 

23,949

​

​

​

​

​

​

​

  ​ ​ ​

As of

  ​ ​ ​

As of

​

​

December 31,

​

June 30,

​

  ​ ​ ​

2025

  ​ ​ ​

2026

Segment assets

​

  ​

​

  ​

Digital Assets Services and Solution

 

167,574

 

215,053

Marketing and Enterprise Solutions

 

75,267

 

69,877

Total segment assets

 

242,841

 

284,930

​

​

​

​

​

Intersegment eliminations

 

(6,087)

 

(3,206)

Discontinued operations

 

17

 

10

Unallocated items

 

19,608

 

16,314

Total assets as per the condensed consolidated statement of financial position

 

256,379

 

298,048

​

​

​

​

​

Segment liabilities

 

  ​

 

  ​

Digital Assets Services and Solution

 

132,379

 

180,329

Marketing and Enterprise Solutions

 

17,996

 

16,235

Total segment liabilities

 

150,375

 

196,564

​

​

​

​

​

Intersegment eliminations

 

(6,085)

 

(3,206)

Discontinued operations

 

1,277

 

1,265

Unallocated items

 

500

 

604

Total liabilities as per the condensed consolidated statement of financial position

 

146,067

 

195,227

​

​

F-19

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

15.Profit/(loss) for the period

​

​

​

​

​

​

​

  ​ ​ ​

For the six-month ended

​

​

June 30,

​

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

(unaudited)

​

(unaudited)

Staff costs

 

12,325

​

13,205

Technology expenses

 

7,577

​

2,886

Legal and professional fees

 

3,526

​

1,813

Business development expenses

 

397

​

239

Depreciation of plant and equipment

 

2

​

31

Amortization of intangible assets

 

319

​

377

Depreciation of right-of-use assets

 

300

​

404

Advertising expenses

 

311

​

76

​

​

16.Other gains, net

​

​

​

​

​

​

​

  ​ ​ ​

For the six-month ended

​

​

June 30,

​

  ​ ​ ​

2025

  ​ ​ ​

2026

​

​

(unaudited)

​

(unaudited)

Foreign currency exchange difference, net

 

250

​

349

Government grants

 

182

​

36

Service income

 

74

​

134

Fair value changes on financial assets at fair value through profit or loss

 

911

​

(26)

Fair value change on derivative contracts

 

1,250

​

—

Dividend income

​

329

​

—

ADR reimbursement from depositary bank

​

—

​

192

Write off of other payables

​

—

​

173

Others

 

8

​

10

​

 

3,004

​

868

​

​

17.Dividend

No interim dividend in respect of the six-month ended June 30, 2025 and 2026 has been declared as of the date of this report.

F-20

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

18.Income tax expenses

Taxation on profits has been calculated on the estimated assessable profits for the period at the rates of taxation prevailing in the countries in which the Group operates respectively.

Singapore

Under the current Inland Revenue Authority of Singapore, the Company’s subsidiary incorporated in Singapore is subject to a statutory tax rate of 17% (2025: 17%).

Hong Kong

Under the current Hong Kong Inland Revenue Ordinance, the Company’s subsidiary incorporated in Hong Kong is subject to 16.5% income tax on their taxable income generated from operations in Hong Kong before April 1, 2018. Starting from the financial year commencing on April 1, 2018, the two-tiered profits tax regime took effect, under which the tax rate is 8.25% for assessable profits on the first HK$2 million and 16.5% for any assessable profits in excess of HK$2 million.

Dubai

Under the current Dubai Ministry of Finance, the Company’s subsidiary incorporated in Dubai is subject to UAE corporate tax on their taxable income generated from operations in Dubai. As per Ministry of Finance, corporate rates are 0% for taxable income up to AED375,000 and 9% for taxable income above AED375,000.

PRC Enterprise Income Tax (“EIT”)

The Company’s subsidiary, VIE and VIE’s subsidiaries in the PRC are governed by the Enterprise Income Tax Law (“EIT Law”). Pursuant to the EIT Law and its implementation rules, enterprises in the PRC are generally subjected to tax at a statutory rate of 25%.

Cayman Islands and British Virgin Islands

Under the current tax laws of Cayman Islands, Amber International and its subsidiaries are not subject to tax on income or capital gains. Besides, upon payment of dividends by Amber International to its shareholders, no Cayman Islands withholding tax will be imposed.

Amber International’s subsidiaries incorporated in the British Virgin Islands are not subject to income or capital gains taxes, estate duty, inheritance tax or gift tax. In addition, payment of dividends to the shareholders of Amber International’s subsidiaries in the British Virgin Islands are not subject to withholding tax in the British Virgin Islands.

​

F-21

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

19.Significant related party transactions

(a)Related party transactions

On June 1, 2026, Amber Global Limited (“AGL”), a former principal shareholder of the Company, distributed all of its holdings of the Company’s Class A ordinary shares to its existing shareholders on a pro rata basis. The share distribution does not involve the issuance of any new shares and is not dilutive to other shareholders.

In addition to the related party information disclosed elsewhere in the condensed consolidated interim financial statements, the following transactions with related parties took place at terms agreed between the parties during the financial periods:

​

​

​

​

​

​

​

  ​ ​ ​

For the six-month ended

​

  ​ ​ ​

June 30,

​

  ​ ​ ​

2025

  ​ ​ ​

2026

Revenue generated from:

​

  ​

​

  ​

WhaleFin Technologies Limited

 

15,074

 

—

Lead Accelerating Limited

 

7,296

 

4,199

AG Global Technology Limited Inc.

 

—

 

5,396

Proton Fund SPC

 

3,163

 

2,198

Axiom AI Limited

 

758

 

3

Rigsec Technology Holding Limited

 

62

 

4

Gamma Digital Limited

 

3

 

3

​

​

​

​

​

Cost of revenue to:

 

  ​

 

  ​

Lead Accelerating Limited

 

8

 

48

Amber ALIR Holding Limited

 

—

 

11

WhaleFin Technologies Limited

 

3,278

 

—

AG Global Technology Limited Inc.

 

—

 

1,779

​

​

​

​

​

Service income from:

 

  ​

 

  ​

Amber Technologies Service Pte. Ltd.

 

25

 

77

WhaleFin Markets Limited

 

49

 

71

Axiom AI Limited

 

—

 

49

AAC Global Holding Limited

 

—

 

48

Amber ALIR Holding Limited

 

—

 

6

​

​

​

​

​

Outsourcing/support services provided by:

 

  ​

 

  ​

Amber Technologies North America Ltd

 

—

 

665

Amber AI Limited

 

—

 

859

Amber AI Services Limited

 

—

 

1,482

Amber AM Limited

 

—

 

75

​

​

​

​

​

Service fee to:

 

  ​

 

  ​

Rigsec Technology Limited

 

—

 

180

​

F-22

Table of Contents

AMBER INTERNATIONAL HOLDING LIMITED

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(US$’000, except share data and per share data, or otherwise noted)

​

19.Significant related party transactions (Continued)

(b)Key management compensation

​

​

​

​

​

​

​

  ​ ​ ​

For the six-month ended

​

​

June 30,

​

  ​ ​ ​

2025

  ​ ​ ​

2026

Fees

​

—

​

—

Salaries, bonus and allowances

 

227

 

995

Defined contribution retirement schemes

 

4

 

3

Share-based compensation expenses

 

—

 

—

​

 

231

 

998

​

​

20.Commitments and contingencies

(a)

Litigation

In the ordinary course of the business, the Company is subject to periodic legal or administrative proceedings. As of June 30, 2026, the Company is not a party to any legal or administrative proceedings which will have a material adverse effect on the Company’s business, financial position, results of operations and cash flows.

(b)

Capital commitments

As of June 30, 2025 and 2026, the Company had no capital commitments.

​

​

21.Subsequent events

Except as disclosed above, the Company evaluated subsequent events from June 30, 2026 through the date when the condensed consolidated interim financial statements were issued, and concluded that no other subsequent events have occurred that would require recognition or disclose in the condensed consolidated interim financial statements.

​

F-23