Core Insights - INNEOVA Holdings Limited reported strong revenue growth of 10.3% in the first half of 2025, reaching $30.8 million, primarily driven by the acquisition of INNEOVA Engineering Division and growth in other revenue streams [6][3] - The company has rebranded from SAG Holdings Limited to INNEOVA Holdings Limited, emphasizing its focus on engineering innovation and sustainable solutions [6][3] - The acquisition of INNEOVA Engineering Pte. Ltd. on April 30, 2025, has enhanced the company's engineering capabilities and contributed approximately $2.7 million in revenue during the period [6][3] Financial Performance - Revenue for the first half of 2025 was $30.8 million, a 10.3% increase from $27.9 million in the prior year [6] - Gross profit increased by 2.2% to $5.9 million, with a gross profit margin of 19.3%, down from 20.8% in the previous year [6] - Operating income decreased to $1.1 million from $1.8 million in the prior year, attributed to higher administrative and selling expenses [6] - Net income fell to $0.2 million compared to $1.7 million in the first half of 2024, primarily due to increased operating expenses and foreign exchange losses [6] Operational Highlights - The company has made significant strides in its strategic initiatives, including the successful integration of the INNEOVA Engineering Division [3] - Revenue from Singapore increased by approximately 29.9% to $13.5 million, driven by the acquisition and higher demand in the INNEOVA Automotive Division [6] - The INNEOVA Industrial Division maintained stable performance, while contributions from other countries supported overall revenue growth [6] Company Overview - INNEOVA Holdings is a Singapore-based solutions provider focused on maximizing uptime, optimizing total cost of ownership, and extending asset longevity through sustainable engineering [4] - The company operates in two main segments: Parts Services and Engineering Services, providing comprehensive parts management and system lifecycle analysis [5]