TechCreate Group Ltd. Reports First Half Fiscal Year 2025 Financial and Operational Results

Core Insights - TechCreate Group Ltd. reported a 10.4% increase in total revenues to S$1.9 million (US $1.5 million) for the first half of 2025, driven by growth in professional services and hardware solutions [3][8] - The company achieved a significant reduction in cost of revenue by 22.7%, resulting in a gross profit margin increase to 70.5% [4][5] - Net loss decreased to approximately S$20,000 (US $16,000) from S$0.4 million in the same period last year, reflecting improved profitability metrics [7] Financial Performance - Total revenues rose to S$1.9 million (US $1.5 million) from S$1.8 million in the previous year, attributed to new projects and enhanced services [3] - Cost of revenue decreased to S$0.6 million (US $0.4 million) from S$0.7 million, mainly due to lower sales of software maintenance licenses [4] - Gross profit increased to S$1.3 million (US $1.0 million), with gross profit margins improving from 57.8% to 70.5% [5] - Total operating expenses slightly increased by 2.2% to S$1.3 million (US $1.0 million), primarily due to higher administrative and selling expenses [6] Operational Highlights - The company secured notable contracts, including a new Real-Time Engine project in Singapore and enhancements for a Brunei customer [8][10] - The Cambodian team successfully launched the QR Soundbox Terminal Business Line, contributing to revenue growth [3][10] - TechCreate completed an IPO in October 2025, raising gross proceeds of S$11.73 million (US $8.8 million) [10] Cash Position - As of June 30, 2025, cash and cash equivalents stood at approximately S$1.3 million (US $1.0 million) [7]