Back 09 Jul 2025

iWOW Technology FY2025: Revenue at S$34.6M, Secures Record S$129M Order Book Despite Transition Challenges

Link: https://links.sgx.com/1.0.0/corporate-announcements/BAFA7LFXD1NZVN36/75698d9a904d80e40c4f6a11349df5cc06a7622d3cc4da2819e5e2c950ad4bf9

Summary:

  • iWOW Technology reported FY2025 revenue of S$34.6 million, down 24% YoY, mainly due to the completion of prior large-scale smart city projects and slower new contract awards.

  • Its IoT-as-a-Service segment grew 12% to S$6.7 million, driven by Smart Metering and Electronic Monitoring Services.

  • Operating profit was S$1.4 million, but a S$3 million non-cash adjustment related to contingent consideration for ROOTS led to a net loss of S$1.8 million.

  • The Group’s order book reached a record S$129.2 million (+43% YoY), underpinned by a landmark S$50 million+ Singapore government contract for the Alert Alarm System expansion.

  • Significant progress was made in Age-Tech solutions, with launches at CES Las Vegas and a DBS Foundation Impact Beyond Award grant of S$1 million, bolstering international growth prospects.

  • Management remains confident in long-term growth, supported by deeper R&D, an expanding Age-Tech and Electronic Monitoring portfolio, and disciplined execution of a recurring revenue strategy.