Link: https://links.sgx.com/1.0.0/corporate-announcements/G2D1PJ3GS25MVHDO/f841b0ad11174abd178fcd461a4b872bf8765d83b04e97e28d957f16811cd65a

Summary:

• Revenue & Profitability

  • Revenue rose to US$15.5 million in FY2025, a 22% increase over the previous year.

  • Profit after tax surged to US$2 million, marking a second consecutive year of profitability.

  • Maintained a healthy gross profit margin of 52.1%.

• Segment Highlights

  • Space Connectivity business grew by 25%, reaching US$7.5 million, driven by increased deliveries of IDRS terminals and a 50% rise in recurring airtime revenues.

  • Advanced Digital Radio business expanded by 29% to US$6.2 million, supported by demand in anti-drone and smart RF sensing markets.

• Financial Strength

  • Working capital improved to US$3.1 million, up from US$2.9 million.

  • Net asset value per share increased to 0.25 US cent, compared to 0.19 US cent a year ago.

• Order Book & Pipeline

  • Entered FY2026 with a solid order book of US$14.3 million spanning both core business segments.

  • Strong sales pipeline includes new satellite launches with IDRS systems and expanding ADR supply contracts.

• Operational Highlights

  • Secured repeat and new international orders for IDRS systems, with notable projects across Europe, South America, and Asia.

  • ADR segment strengthened with new contracts and rising demand for software-defined radio modules.

• Sustainability & Governance

  • Recorded zero incidents of corruption or regulatory non-compliance, fully communicated its whistle-blower policy, and maintained rigorous supplier assessments.

  • Advanced ESG practices, including tracking indirect emissions to prepare for future requirements.

• Outlook

  • Confident in sustaining growth momentum into FY2026, exploring strategic partnerships and initiatives to deliver more shareholder value, especially in the space segment.