• Revenue down 12% to $9.7 million
• Underlying EBITDA loss of $642,184
• Net loss of $5.9 million includes $4.6 million non-cash goodwill impairment
• Contracted sales in first half strongest on record

SOCO Corporation Ltd reported a 12% decrease in revenue to $9.7 million for the half-year ended 31 December 2025, reflecting continued underlying growth in the Group's core consulting and managed services activities offset by lower revenue within the AxSym business due to the deferral of several Federal Government project commencements. Gross margin for the half-year was impacted by a strategically accepted engagement that included a material pass-through revenue component as well as lower utilisation for the Axsym business due to delayed project commencements. Underlying EBITDA (prior to significant items) for the half-year was a loss of $642,184, compared to underlying EBITDA of $648,301 in the previous corresponding period. The Group recorded a net loss after income tax of $5,934,308, which includes a non-cash goodwill impairment of $4,610,284 relating to the AxSym acquisition. This impairment represents a balance sheet reset and does not impact the Group's cash position, liquidity, or ability to deliver contracted work. During the period, the Group undertook a targeted restructuring to align its cost base with activity levels, while continuing to invest selectively in sales capability. Contracted sales for the half-year represented the strongest first-half result achieved by the Group, and a number of engagements progressed from project delivery into managed services arrangements, contributing to growth in recurring revenue and improved revenue visibility.