Core Insights - The company reported a 14% year-over-year revenue growth and a 191% increase in net income for the six months ended June 30, 2025, indicating strong performance in the UAE MICE sector [3][4][8] - The growth in revenue is attributed to increased demand for MICE services from corporate customers and support from the UAE government for the tourism industry [4][5] - The company aims to enhance operational efficiency, invest in innovation, and pursue sustainable growth moving forward [3] Financial Performance - Revenue increased by 14% to approximately US$9.7 million for the six months ended June 30, 2025, compared to US$8.5 million for the same period in 2024 [4][9] - MICE management solution services revenue rose by 38% to US$8.7 million for the same period [9] - Operating income surged by 164% to US$333,003, while net income increased by 191% to approximately US$328,897 [8][9] Cost and Expenses - Cost of revenues increased by 17% to approximately US$7.9 million, primarily due to hiring more tourist guides to meet demand [5] - Selling and marketing expenses rose by 12% to approximately US$0.75 million, reflecting increased compensation for sales personnel [6] - General and administrative expenses decreased by 23% to approximately US$0.79 million, attributed to efforts in streamlining office procedures [7] Cash Position - As of June 30, 2025, the company had cash and cash equivalents of US$1.3 million, unchanged from December 31, 2024 [11] - Net cash provided by operating activities was US$312,305 for the six months ended June 30, 2025 [11][20] Shareholder Information - Basic and diluted net income per share attributable to ordinary shareholders was US$0.01 for the six months ended June 30, 2025 [10][19] - Total shareholders' equity increased to US$6.7 million as of June 30, 2025, compared to US$6.4 million at the end of 2024 [17][18]