Addvalue Technologies has reported earnings of US$1.98 million ($2.6 million) for the 1HFY2026 ended Sept 30, some 38 times higher than earnings of US$52,000 in the corresponding period the year before.
Earnings per share (EPS) stood at 0.06 US cents, up from 0.01 US cents previously.
Revenue was up by 54% y-o-y to US$8.8 million, as revenue for the company’s advanced digital ratio (ADR) and space connectivity businesses surged to US$5 million and US$3.2 million, from US$2.8 million and US$1.9 million respectively. This was offset by lower revenue from the satcom connectivity (STC) and strategic design business (SDS), which stood at US$80,000 and US$445,000, down from US$114,000 and US$769,000 respectively.
“Our ADR-related business dominated the revenue in 1HFY2026 as the business continues to gain traction in the market that it trades in. On the other hand, SPC-related business showed improvement with its delivery following closely to our customers’ schedule for the period under review,” says Addvalue.
During the period, revenue from Asia Pacific (APAC) and the US rose to US$6.9 million and US$1.7 million from US$4.2 million and US$1.2 million respectively. Revenue from Europe, the Middle East and Africa (EMEA), however, fell to US$97,000 from US$368,000.
In the six months, gross profit up by 64% y-o-y to US$4.5 million as gross profit margin stood at 52%, up from 48% in the 1HFY2025. The higher gross profit margin was attributed to the product mix of the sales for the period under review.
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Selling and distribution expenses by 6% y-o-y to US$426,000 due to an increase in marketing expenses as well as increase in travelling and exhibitions costs in tandem with the increased revenue. Administrative expenses were also up by 15.9% y-o-y to US$1.82 million mainly due to US$70,000 in corporate expenses to support the exercise of the company’s convertible loan notes, its detachable warrants, redeemable convertible bonds, as well as an increase in salaries and other personnel-related expense
Other operating income rose to US$825,000, 3.4 times higher than US$241,000 in the same period the year before, mainly from the reversal of provision for materials and setup cost for project and gain on liquidation of subsidiary.
Finance expenses fell to US$190,000 from US$313,000 previously due to lower borrowing costs and reversal of late penalty interest provision.
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As at Sept 30, cash and cash equivalents stood at US$4.2 million, up from US$587,000 from Sept 30, 2024.
Shares in Addvalue closed at 4.2 cents on Nov 7.
