Currency Exchange International renews share buyback program

TORONTO - Currency Exchange International, Corp. (TSX:CXI) (OTCQX:CURN) announced Wednesday that the Toronto Stock Exchange has accepted its plan to renew its normal course issuer bid (NCIB) to repurchase up to 359,617 common shares, representing 10% of the company’s public float. The company, currently valued at approximately $96.5 million, appears undervalued according to InvestingPro analysis, with a PEG ratio of 0.82 suggesting attractive valuation relative to growth.

The share buyback program will commence on December 2, 2025, and run through December 1, 2026, unless the maximum number of shares is purchased earlier. The company had 6,134,120 common shares outstanding as of November 18, 2025.

All purchases will be made through the TSX and alternative Canadian trading platforms at prevailing market rates, with purchased shares being canceled. Due to trading volume limitations, Currency Exchange will be permitted to repurchase a maximum of 1,000 shares during any single trading day, with allowance for one block purchase per week.

The company completed a previous buyback program that ran from December 2, 2024, to December 1, 2025, during which it repurchased 323,500 shares at a volume weighted average price of C$21.30. The stock currently trades at $15.74, within its 52-week range of $13.88-$17.74, and has seen a year-to-date decline of 5.57% despite posting 19.3% revenue growth over the last twelve months.

Currency Exchange has also established an Automatic Securities Purchase Plan (ASPP) with its broker to facilitate purchases under the NCIB. The ASPP will become effective December 2, 2025.

According to the press release statement, CEO Randolph Pinna and the board believe the company’s underlying value may not always be reflected in its market price, making share repurchases a good use of financial resources under appropriate circumstances. This assessment aligns with InvestingPro data showing the company maintains strong liquidity with a current ratio of 2.83, meaning its liquid assets comfortably exceed short-term obligations. Investors seeking deeper analysis can access the comprehensive Pro Research Report, available for CXI and 1,400+ other stocks through InvestingPro.

Currency Exchange International provides foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select global clients. The company remains profitable with $87.38 million in revenue over the last twelve months, though analysts anticipate a sales decline in the current fiscal year.

In other recent news, Currency Exchange International Corp reported strong financial results for the third quarter of 2025. The company’s earnings per share (EPS) exceeded expectations, coming in at $0.66. Revenue also showed a positive trend, reaching $21.3 million, which represents a 7% increase compared to the same period last year. These results highlight the company’s robust performance in the financial sector. Analysts had anticipated lower figures, making the actual results noteworthy. The financial community often closely monitors such earnings reports to gauge a company’s health and future prospects. Investors may find these developments significant as they reflect the company’s current operational success.

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