• Returned to profitable growth in FY25, with revenue up 3.6% and net profit of $0.07m
• Improved margins and cost efficiency, strengthening earnings quality
• Maintained solid balance sheet with net cash of $1.1m
• Diversified client base, with 64% of revenue from non-Federal clients

SOCO Corporation Ltd's CEO delivered a comprehensive AGM address, reflecting on the company's achievements in FY25 and outlining its strategic priorities for the year ahead. FY25 marked a major turnaround for SOCO, with the company returning to profitability after last year's loss. Revenue grew to $21.3 million, up 3.6% year-on-year, and SOCO reported a net profit after tax of $0.07 million, compared to a $0.49 million loss in FY24. The company also improved its margins, with the gross profit margin rising to 24.2% from 23.5%, driven by better pricing discipline and delivery efficiency. SOCO maintained a solid balance sheet, ending FY25 with net cash of $1.1 million and $1.5 million in undrawn credit facilities. The CEO highlighted several key achievements in FY25, including winning a major new 3-year contract with a Federal Government agency, expanding into new commercial sectors, and strengthening strategic partnerships. Looking ahead, SOCO's strategic priorities focus on diversifying its client base, enhancing operational excellence, and investing in its people and capabilities, particularly in areas like AI and cybersecurity. The company is also pursuing a vertical strategy, targeting specific industry sectors where its capabilities align strongly with client needs.

SOCO is not providing any specific financial guidance for the upcoming period.

SOCO's CEO outlined the company's strategic priorities for FY26, which include diversifying its client base, enhancing operational excellence, and investing in its people and capabilities, particularly in areas like AI and cybersecurity. The company is also pursuing a vertical strategy, targeting specific industry sectors where its capabilities align strongly with client needs.