Link: https://links.sgx.com/1.0.0/corporate-announcements/65HRHAFY0UY412M5/b6cbfd730c7b77de40f628548e65f1db4bb30ff2a2db04f873a9c841912ca541

Summary:

• Revenue climbed 12.1% year-on-year to US$19.3 million, driven by new client wins, expansion into Taiwan and Poland, and higher demand for renewable energy staffing.

• Gross profit rose 6.6% to US$5.4 million; net profit soared to US$1.0 million, a 497% improvement over prior year, reflecting disciplined cost control and segment diversification.

• Major expansion in training and development, including launch of Taiwan Training Centre and acquisition of Stier Training Centre in Spain; joint venture in Malaysia announced for new offshore energy training facility.

• Human resources provision remained the core business with US$17.7 million revenue (+7.7%); ancillary services up 75.2%; new training courses booked US$0.2 million on launch.

• Net cash position of US$5.3 million as of June 2025, supporting ongoing investments and acquisitions in Europe and Asia.

• Board comprises majority independent and non-executive directors, underscoring governance and strategic oversight.

• Offshore wind industry outlook remains robust, with job growth and investment surging across Asia-Pacific and Europe.

• Management and board confident in continued growth by broadening service offerings and expanding geographic presence, supporting the renewable energy transition.