iWOW Technology FY2025: Revenue at S$34.6M, Secures Record S$129M Order Book Despite Transition Challenges
Summary:
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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.
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Its IoT-as-a-Service segment grew 12% to S$6.7 million, driven by Smart Metering and Electronic Monitoring Services.
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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.
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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.
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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.
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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.