Link: https://links.sgx.com/1.0.0/corporate-announcements/2XXVDSEJPUDHYHAA/2cb91e249003f9f39b694011badbee5cc689766b63e2872d7c96b468af1efa32

Summary:

• Group revenue in Q2 2025 rose 22% year-on-year to S$4.3 million, driven by GlobeOSS with strong system sales growth.

• Net profit of S$0.15 million in Q2 2025, reversing a net loss of S$2.42 million in Q2 2024, due to higher revenues, improved gross margin, and lower net expenses.

• Revenue for 1H 2025 climbed 20.7% to S$7.9 million; net loss narrowed to S$0.19 million compared to S$2.86 million in 1H 2024.

• Gross profit margin for 1H 2025 improved to 61.8% from 49.4% a year ago, reflecting a higher share of system sales and better margins on managed service contracts.

• Operational cash flow turned positive, with S$2.66 million generated in 1H 2025, compared to cash outflow in 1H 2024.

• No dividend declared for the current or prior periods.

• Total equity stood at S$35.1 million and net asset value per share was 94.53 cents as at 30 June 2025.

• The group remains cautiously optimistic but faces persistent challenges in the telecom managed services sector, including delayed opportunities and pricing pressures; fundamentals have been strengthened to navigate the environment.