• Net consolidated profit after tax of S$2.0m to S$2.5m for H1 2024
• Significant improvement from previous half year's net loss of S$2.8m
• Recovery across all businesses, though slow
• Cautious outlook due to global economic challenges and uncertainties

Zicom Group Limited has announced that, subject to unforeseen circumstances, it expects to achieve a net consolidated profit after tax of between S$2.0m to S$2.5m for the half year ended 31 December 2024. This represents a significant improvement from the previous half year ended 31 December 2023, which saw a net consolidated loss of S$2.8m. The Group's businesses have emerged from their worst years, and while the recovery remains slow, it is across the entire Group's operations. However, the company cautions that the global economic landscape is expected to be more challenging and uncertain for years to come, owing to deteriorating global geopolitical tensions and conflicts. The inflationary cycle is also not abating and may prevent further interest rate reduction, potentially scuttling the global economic recovery. As a result, the Board has decided to be judicious and will not approve the payment of any dividend at this stage, instead focusing on paring down interest-bearing loans.

Net consolidated profit after tax of S$2.0m to S$2.5m for the half year ended 31 December 2024.

The Group cautions that the global economic landscape is expected to remain challenging and uncertain for years to come due to deteriorating global geopolitical tensions and conflicts, as well as persistent inflation that may prevent further interest rate reduction.