ISOTeam (5WF) H1 2025 earnings summary

Executive summary

• Revenue rose 4.2% year over year to S$65.4M for 1HY2025, while attributable net profit increased 36.5% to S$1.9M.

• Gross profit increased 18.4% to S$9.9M; gross margin improved to 15.1% from 13.3%.

• EBITDA excluding impairments rose 23.5% to S$5.3M.

• Order book stood at S$188.7M as of February 2025, with projects supporting activity through FY2029.

• Public sector projects contributed ~80% of revenue, with low payment risk.

Financial highlights

• Basic EPS was 0.28 cents and diluted EPS was 0.27 cents, versus 0.26 cents in the prior period.

• Total comprehensive income increased 80.1% to S$2.3M.

• Net asset value per share was 6.43 cents, compared with 6.15 cents at 30 June 2024.

• No interim dividend was declared for the period.

Outlook and guidance

• Targeting revenue growth of at least 10% year over year and sustained profitability.

• Selective tendering, cash conservation and cost control remain priorities amid rising costs.

• Indoor painting robots and autonomous façade washing and painting drones are targeted for commercialisation by end-2025.

• Minimum dividend payout of 30% of net profit for FY2025.