Link: https://links.sgx.com/1.0.0/corporate-announcements/B6P1Y0D868IWRMS8/53d45a3a348a6f1093466344a206c64a722674a274b6f11a359277884e8d5388

Summary:

• Total revenue for 1H 2025 was S$93.6 million, declining 2.6% from a year ago.

• Hardware segment revenue grew 1.0% year-on-year; Lifecycle Services and Third Party Maintenance revenue fell 3.8% and 15.5% respectively.

• Gross profit dropped 16.8% to S$18.7 million, with gross margin down to 19.9% from 23.3%.

• The company reported a net loss of S$5.3 million (compared to a S$1.1 million profit in 1H 2024).

• Despite the loss, net operating cash flow was positive at S$4.9 million.

• Margin decline reflects ongoing market softness and a shift in revenue mix; hardware margins were steady.

• To adapt, the company is expanding service offerings (Modern Workplace, Professional Services), focusing on sustainability, cost efficiency, and high-margin service models.

• Management remains confident about navigating challenges, maintaining financial stability, and leveraging sustainable IT solutions for long-term value.