Link: https://links.sgx.com/1.0.0/corporate-announcements/L04LH366F7WQQ80E/bcd9083bb738218fbd04c197e7a070a9dc0b7bbce68f24c7ae75b58ba619bf09

Summary:

• Group revenue for the six months ended 30 September 2025 rose 10% year-on-year to HK$185.5 million (~US$23.8 million), led by the flagship Azeus Products business, which now makes up 84% of revenue.

• Gross profit margin improved to 73.0% (from 72.8%); gross profit reached HK$135.5 million.

• Net profit attributable to equity holders was HK$48.3 million (down 1% from HK$48.9 million); earnings per share at HK$1.61.

• Interim dividend proposed at HK$1.60 per share (99% payout ratio).

• IT Services revenue fell 7% but products revenue climbed 13%, driven by growth in “Convene” and government projects like CERKS.

• Cash position remained robust, rising 9% year-on-year to HK$294.6 million; no bank debt.

• Profit before tax declined 3% due to higher sales and admin expenses supporting expansion.

• Shareholders’ equity grew to HK$273.1 million.

• Group expects overall FY2026 CERKS project revenue to decline as the government deployment phase winds down, but other product lines (including ESG offerings and “Convene” AI features) are forecasted to drive future growth.

• Strong global presence with products and clients spanning over 100 countries; high CMMI maturity, ongoing R&D investments, and continued international expansion plans.