Azeus Systems Doubles Net Profit in FY2025 on Strong Product Growth
Summary:
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Record Net Profit: Azeus Systems Holdings Ltd. achieved a 96% year-on-year increase in net profit, reaching HK$166.9 million (approximately US$21.4 million) for the fiscal year ended 31 March 2025.
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Revenue Surge: Revenue grew by 44% to HK$474.8 million (US$60.8 million), driven by robust demand for the company’s proprietary products, including Convene and Convene Records, along with contributions from the Central Electronic Record Keeping System (CERKS) contract.
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Enhanced Profit Margins: Gross profit margin improved by 6 percentage points to 77%, due to higher-margin product license revenues and efficient execution of the CERKS project.
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Product Segment Dominance: The Azeus Products segment contributed 83% of total revenue, with a 55% increase to HK$391.8 million. IT Services revenue also rose by 10% to HK$83.0 million.
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Strong Financial Position: Net cash position rose by 48% year-on-year to HK$270.3 million, with no debt or bank borrowings. Shareholders’ equity reached HK$224.1 million.
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Dividend Declaration: A final dividend of HK$3.90 per share was proposed, bringing the full-year dividend to HK$5.50 per share, with a payout ratio of 99%.
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Positive Outlook: Azeus plans to expand its global footprint, invest in new product development—including an ESG reporting platform—and continue executing the CERKS project as scheduled.