Its main business of selling software subscription enjoyed growth too, with annual recurring revenue up r18% to $25.4 million.
Info-Tech's adjusted EBITDA, which excludes one-off listing and relocation expenses totalling around $3 million, grew 42% to $24.2 million; its adjusted profit after tax grew 46% to $18 million, which implies a 3.7 percentage point expansion in profit margins to 31.9%.
The company plans to pay a final dividend of 1.95 cents, bringing its total payout for FY2025 to 3.5 cents.
Lim sees "positive tailwinds" for the company, due to a few factors.
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First, the government is expanding the Productivity Solutions Grant to support all firms, regardless of size, to access AI tools, which will presumably generate more demand for Info-Tech Systems.
In conjunction, as more people go for AI-related training, the company should see more demand for its services business too.
In addition, on top of its core accounting and HR software, the company has recently introduced software for customer relationship management too.
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Info-Tech Systems has also moved into new markets, specifically Dubai, where it expects to ramp-up in the coming months.
Lim has raised her FY2026 and FY2027 earnings projections by 12.5% and 14%, respectively, and by applying the same 16x FY2027 valuation multiple, derived a higher fair value of $1.30.
Info-Tech Systems shares closed at $1.08, down 3.57% on March 2, amid a broader weaker market.
