Link: https://links.sgx.com/1.0.0/corporate-announcements/IQF2BO51B530A9C6/c28647c4ba3b3e49a33b2710739bc00496445d31fa14dac497f3d1206aca8b74

Summary:

• Group revenue edged up 1.0% year-on-year to S$20.56 million for six months ended 30 September 2025, driven by gains in services and airtime segments.

• Gross profit increased 3.7% to S$6.02 million; gross margin improved to 29.3% (from 28.5% in HY2025).

• Net profit attributable to owners swung to S$93,000 (from a S$330,000 loss last year).

• Operating cash flow robust at S$2.01 million; group remains highly liquid with S$5.37 million in cash and equities of S$22.2 million at period end.

• Net borrowings up slightly after project drawdown; financial position remains sound with S$33.5 million in current assets and low gearing.

• Secured new project orders, particularly in the offshore energy and renewables space; board looks to broaden revenue streams and manage costs amid industry volatility.

• Dividend of S$0.5 million paid during period as part of prudent capital management.