ENIGMATIG LTD-A(US:EGG) Globenewswire·2026-02-24 13:53Core Viewpoint - Enigmatig Limited reported a significant financial performance for the fiscal year ending September 30, 2025, with a 12.2% year-over-year revenue growth and an increase in gross margin to 68.8, indicating a robust financial position following its IPO [1][4]. Financial Highlights - Corporate services revenue increased by 12.2%, rising from $4 million in the fiscal year 2024 to $4.5 million in 2025, driven by expanded service offerings to existing clients and new client acquisitions [6][4]. - The cost of sales rose from $1.3 million in 2024 to $1.4 million in 2025, reflecting increased employee expenses and service costs [8]. - Gross profit grew by 14.9%, from $2.7 million in 2024 to $3.1 million in 2025, with a gross margin expansion to 68.8% compared to 67.1% in the previous year, indicating improved operational leverage and service efficiency [9][6]. - Operating profit for 2025 was $500,000, down from $1 million in 2024, while net profit decreased to $600,000 from $800,000 in the previous year, impacted by one-time IPO-related expenses [11][13]. - As of September 30, 2025, the company held $13.2 million in cash and cash equivalents, a significant increase from $1.6 million the previous year, reflecting a strengthened financial position post-IPO [14]. Business Updates - The company celebrated its successful IPO with a bell-ringing ceremony on the NYSE in August 2025, marking a significant milestone in its global expansion journey [6]. - Enigmatig signed a Memorandum of Understanding (MOU) with TVA Capital Consultancy Co., Ltd. in Thailand to explore opportunities in corporate and financial advisory and M&A, establishing its first strategic partnership post-IPO [6][4]. Management Insights - The founder and CEO, Desmond Foo, emphasized that the fiscal year 2025 was a pivotal turning point for the company, focusing on expanding into high-growth markets in the Asia-Pacific and Middle East regions [4]. - The CFO, Mingwen Teo, noted the strong demand for recurring corporate secretarial services, which contributed to the double-digit revenue growth and highlighted the business model's expansion potential [4].