Addvalue Technologies has reported earnings of US$1.53 million ($1.98 million) for the 2HFY2025 ended March, up 62.2% y-o-y, bringing its full year earnings to US$1.95 million.
The satellite technology company’s revenue grew 20.5% y-o-y in 2HFY2025 to US$9.83 million, and 21.6% y-o-y in the full year to US$15.53 million.
The group says that both its business segments — the space connectivity (SPC) and advanced digital radio (ADR) related businesses — saw an increase in sales.
In North America, revenue grew 6% y-o-y due to delivery of the IDRS terminal and related services to its existing and new clients. In Asia Pacific, the group achieved a 33% y-o-y increase in sales due to successful delivery of the terminals and related services.
The growth of the SPC-related business was driven by the continual orders for our IDRS terminals and the accompanying data connectivity services predominantly from US and Japan.
The ADR-related Business was largely driven by the supplies of certain reconfigurable embedded modules that the Company developed against contracts for a large local technology company.
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Added to this revenue is the improving sales of the ADRS1000, a highly compact state-of-the-art Software Defined Radio (SDR) module for advanced complex digital radio applications in the new era and beyond.
The lower finance expenses incurred by the group in FY2025 can be attributed mainly to lower borrowings needed to augment its working capital to support the increased orders with improved working capital position.
The major borrowings supporting our operations which we need to service are narrowed to the $4.66 million redeemable convertible bonds which was completed in November 2022 and maturing 5 years’ time in November 2027 and the $1.02 million convertible loan notes maturing in January and March 2026.
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The group expects momentum to continue for the next 12 months. It had an order book of US$9.4 million as at April 1, 2025.
The company has not declared any dividend for the year.
Shares in Addvalue Tech closed 0.1 cents lower or 9.091% down at 1 cent on May 30.
