ISDN HOLDINGS (01656) announces its interim results with a net profit attributable to equity holders of $1.286 million, a decrease of 66% compared to the same period last year.

ISDN HOLDINGS(01656) announced its mid-year performance for 2025, with revenue of approximately 213 million new dollars, an increase of 22% year-on-year; the net profit attributable to equity holders for the period amounted to 1.286 million new dollars, a decrease of 66% year-on-year; basic earnings per share was 0.29 new cents. The announcement stated that the driving factors for the revenue growth include: Extensive growth in the group's core industrial automation business (accounting for 84.7% of total revenue): The group achieved a year-on-year growth of 6.4% in industrial automation business, with growth in all major regions and business segments. The reported revenue was under pressure due to the strength of the new dollar in the first half of 2025; when calculated at a fixed exchange rate, the revenue from the industrial automation business increased by 10.4% year-on-year. Continuous contribution from the group's renewable energy business (accounting for 15.3% of total revenue): The three operational small hydroelectric plants in Indonesia contributed 5.4 million new dollars in revenue, a year-on-year increase of 7.9%. In the first half of 2025, construction revenue of 27.1 million new dollars was confirmed for two other small hydroelectric plants under construction, expected to be operational in 2026. After becoming operational, the two hydroelectric plants will increase the group's total installed capacity by 81.3% to 44.6 megawatts. The net profit attributable to shareholders in the first half of 2025 was 1.3 million new dollars, a decrease from 3.8 million new dollars in the first half of 2024. The decrease was mainly due to unrealized exchange losses of 3.2 million new dollars arising from the revaluation of receivables and payables in the Yishiden renewable energy business. Excluding the impact of unrealized exchange losses, the group's core shareholder profit in the first half of 2025 increased by 35.1% year-on-year compared to the same period in 2024. This reflects an overall improvement in revenue and gross profit, as well as a positive leverage effect from operating costs.