• Revenue increased by 19.75% to S$71.24m
• Net profit after tax attributable to equity holders increased by 192.29% to S$2.60m
• Strong order book of S$101.87m, with S$62.62m scheduled for delivery in H2 FY2025

Zicom Group Limited reported a consolidated revenue of S$71.24m for the half year ended 31 December 2024, a 19.75% increase compared to the same period in the previous year. The Group's half-year consolidated profit after tax attributable to members increased by 192.29% to S$2.60m, compared to a net loss of S$2.82m in the prior corresponding period. The results reflect an across-the-board recovery of the Group's business, with the green energy, gas & marine equipment segment seeing a 42.36% increase in revenue, and the precision engineering & technologies segment growing by 41.48%. However, the construction equipment segment declined by 20.01% due to supply chain disruptions and changes in government in some key markets.The Group maintains a healthy order book of S$101.87m as at 31 December 2024, of which S$62.62m is scheduled for delivery in the second half of the current financial year. While the Group is confident of delivering positive full-year results, it remains cautious given the worsening global geopolitical situation and economic uncertainties, which could potentially impact the global recovery.The Group's financial position remains strong, with net assets of S$58.79m and cash and bank balances of S$16.76m as at 31 December 2024. However, the gearing ratio has increased from 37.75% to 65.18% due to increased working capital requirements for the gas processing projects. No interim dividend will be declared at this time, as the Board focuses on strengthening the Group's financial position to navigate the uncertain economic environment.

The Group expects to deliver S$62.62m of its S$101.87m order book in the second half of the 2025 financial year.

While the Group is experiencing an across-the-board recovery, growth traction remains slow in the face of worsening economic conditions. The Group maintains considerable prudence in securing projects given the prevailing financial constraints and worsening geopolitical tensions, which may cause conflicts beyond the Group's control and affect its growth traction.