IDT Corporation reported a total revenue of $1.23 billion for the fiscal year ending July 31, 2025, marking a slight increase from $1.21 billion in the previous fiscal year. The company's net income attributable to IDT Corporation rose to $76.1 million, up from $64.5 million in fiscal 2024. This growth in profitability was driven by strong performance across its business segments, particularly in National Retail Solutions (NRS) and Fintech, which saw significant revenue increases. NRS generated $128.8 million in revenue, up from $103.1 million, while the Fintech segment, primarily driven by BOSS Money, reported revenues of $154.6 million, compared to $120.7 million in the prior year.
The Traditional Communications segment, however, experienced a decline in revenue, contributing $860.2 million in fiscal 2025, down from $899.6 million in fiscal 2024. This decline was attributed to ongoing market pressures, including competition from unlimited calling plans offered by mobile operators and the increasing popularity of over-the-top communication services. Despite this, the segment's income from operations improved to $66.5 million from $56.4 million, indicating better cost management and operational efficiency.
IDT's strategic developments included the launch of new products and enhancements in its existing services. Notably, net2phone introduced AI-driven solutions, which contributed to its revenue growth of $87.9 million, up from $82.3 million. The company also expanded its customer base, with NRS increasing its active POS terminals to approximately 37,200, up from 32,100 a year earlier. BOSS Money processed 2.3 million remittances in May 2025, reflecting its growing market presence.
The company maintained a strong balance sheet with cash, cash equivalents, and debt securities totaling $253.8 million as of July 31, 2025. IDT's working capital stood at $227.3 million, indicating sufficient liquidity to support its operations and growth initiatives. The company also declared a quarterly dividend of $0.06 per share, reflecting its commitment to returning value to shareholders. Looking ahead, IDT Corporation expects to continue leveraging its strategic assets to drive growth and profitability, particularly in its high-margin segments, while navigating the competitive landscape in the telecommunications and fintech industries.
About IDT CORP
IDT Corporation is a diversified provider of telecommunications, fintech, and digital payment solutions. Its core businesses include point-of-sale systems for independent retailers, international money remittances, cloud-based unified communications, and wholesale voice services. Serving primarily immigrant communities and small to medium enterprises, the company leverages proprietary technology, extensive retail and partner networks, and innovative offerings to deliver cost-effective, high-quality communication and financial services globally.
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