Link: https://links.sgx.com/1.0.0/corporate-announcements/P08NWKUIJ37OJ1JJ/f9685f1aaf1ced6170b3a5e94ee654f3a6b586b4a97355b8391e784e21444ce8

Summary:

• Revenue: Rose 24.1% to $69.8m, driven mainly by accelerated installation of On-Board Units (OBU) for ERP 2.0 and stronger non-vehicle testing contributions.

• Operating profit: Increased 12.3% to $18.9m as higher activity levels flowed through to earnings.

• Net profit: Up 10.2% to $15.6m after interest income, finance costs and tax; EPS at 4.39 cents, up 10.2% YoY.

• EBITDA: Grew 9.7% to $23.1m, reflecting improved operating performance.

• Operating results: CEO cites strong 1H performance mainly from OBU installations and improved non-vehicle testing; company remains vigilant amid market uncertainties.

• Vehicle testing: Demand expected to stay strong with ERP 2.0 OBU roll-out “in full swing,” supporting second-half activity.

• Non-vehicle testing: Stable demand expected across mechanical, biochemical, civil engineering and nondestructive testing services.

• Expenses/finance items: Bottom line reflects the impact of interest income, finance costs and taxation; details not itemized in the release.

• Dividend: Interim dividend of 3.10 cents per share declared; tax-exempt one-tier; payout ratio 70%, aligned with policy.

• Cash flow/returns: Dividend payout signals continued cash generation and commitment to shareholder returns.

• Outlook: Group expects satisfactory 2H2025 performance; positive demand backdrop tempered by uncertainty around US tariffs affecting manufacturing and the broader economy.

• Business profile: Singapore’s leading inspection and technical testing provider across vehicle and non-vehicle segments.