Ellipsiz (BIX) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 16% YoY to $57.8m; continuing operations returned to net profit of $1.1m from a $2.9m loss in FY2024, while reported net profit was $2.7m including discontinued operations.

• Higher engineering-services demand and equipment, chemical and spare-parts sales supported results; DSS was the main contributor to continuing-operations profit.

Financial highlights

• FY2025 revenue was $57.755m, up 16% YoY; gross profit was $12.243m, up from $10.605m, with gross margin stable at ~21%.

• Continuing-operations net profit was $1.052m versus a $2.889m loss in FY2024; reported net profit was $2.745m versus a $5.482m loss.

• FY2025 operating activities generated $1.660m net cash; cash and cash equivalents ended at $52.213m, down from $54.870m.

• 2HFY2025 revenue rose 15% YoY to $29.844m; continuing-operations net loss narrowed to $0.234m from $3.341m, with the prior period including $4.6m of impairments.

Outlook and guidance

• The WSTS Spring 2025 forecast projects global semiconductor-market growth of 11.2% in 2025 to $700.9bn; expected demand may support equipment, chemical and engineering-services sales.

• The fourth Singapore egg farm is progressing through land-allocation and funding matters; updated design and grant application are planned, targeting approvals to start construction within six to nine months.

• The two indoor golf simulator centres opened on 31 May 2025; plans include expanding offerings and growing the customer base.

• Semiconductor demand, tariffs and trade conditions remain uncertain; business development priorities include Singapore, China, Southeast Asia, Taiwan and exploring opportunities in India.