Ellipsiz reverses back to black for 1HFY2025 due to disposal of its stake in Axis-Tec

As a recap, the company entered into a sale and purchase agreement on Nov 29, 2024 for the disposal of 93,674 shares or 51% of issued and paid-up share capital of Axis-Tec to Yanmade Electronic. 

The disposal was completed on Dec 6, 2024 and the company received 95% of the consideration or about $2.79 million. The remaining 5% was received on Feb 5. 

The group’s revenue for the 1HFY2025 came in 17% higher y-o-y at $27.9 million, primarily driven by higher sales of equipment, chemicals, spare parts and consumables, and increase in demand for engineering services of the distribution and services solutions (DSS) segment. 

Ellipsiz reported a higher profit after tax of $1.3 million in 1HFY2025 compared to a profit after tax of $0.5 million in 1HFY2024, from continuing operations, attributable to higher revenue of the DSS segment.

See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025

The group recorded an earnings per share for the 1HFY2025 of 1.12 cents. 

The group says that the World Semiconductor Trade Statistics Fall forecasted a broadbased growth for the semiconductor market in 2025, and a steady overall expansion for the industry — an outlook that bodes well for the DSS segment. 

However, the industry also faces challenges from deglobalisation stemming from trade wars and geopolitical tensions. 

See also: Fortress Minerals earnings for 1QFY2026 up 7.2% y-o-y to US$2.48 mil

“As a distributor in the semiconductor industry, our business could be impacted by supply chain disruptions, product availability and higher distribution costs. While new regional opportunities may arise, restrictions on cross-border trades and shifting customer preferences could introduce uncertainties. The group will remain vigilant, adapt to market changes, and position itself for growth in and beyond FY2025,” it says. 

The group signed a memorandum of understanding with an investor for new shares in IFH, and has a business venture to develop and operate indoor golf simulators in Singapore.