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Summary:

• Revenue fell 17.3% year-on-year to US$3.82 million, mainly due to US tariff uncertainties impacting electronics and energy efficiency product sales.

• Gross profit margin rose significantly to 35.4% from 22.8%, helped by reversal of tariff-related provisions, price adjustments, and cost control.

• Net profit was US$0.11 million, compared to a net loss of US$0.34 million in 1H 2024.

• Operating cash flow turned positive at US$0.58 million versus a negative US$0.76 million last year.

• Net asset value per share was 3.59 US cents, lower than 5.41 US cents at end-2024, mainly due to rights issue increasing the number of shares.

• No interim dividend declared, with the company choosing to reinvest for growth as per revised dividend policy.

• The business remains fundamentally sound with a strong focus on margin enhancement, operational agility, and adapting to ongoing competitive and regulatory changes in target markets.