It has three key business segments, event, exhibition and decor services; commercial and retail fit-out as well as immersive location-based entertainment and experiences.
Dezign Format says that its competitive strengths are in integrated end-to-end project delivery capabilities; strong customer base and long-standing industry relationships and stakeholders; experience and creation as revenue diversification; and a strong revenue and financial trajectory.
For the FY2024 ended Dec 31, 2024, Dezign Format reported earnings of $5 million, improving from its earnings of $3.3 million in FY2023 and $1.6 million in FY2022.
Revenue also rose steadily in the three years, from FY2022’s $18.3 million, to FY2023’s $26 million and FY2024’s $33.4 million.
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As at Dec 31, 2024, the group has an outstanding order book of around $23.89 million, of which $10.47 million has been recognised as revenue for the 1QFY2025.
While its business operations are predominantly focused on the Singapore market, Dezign Format says that it has made preliminary efforts to expand presence into Malaysia and Thailand and have established an in-house design team based in the Philippines.
It intends to further expand our footprint within these markets and into other parts of Southeast Asia, in particular Thailand and Vietnam.
ECA is the sponsor, issue manager and placement agent for the placement.
