ISOTeam has reported earnings of $3.2 million for its 2HFY2025 ended June, down 37.1% y-o-y. This brings its full-year earnings to $5.1 million, down 21.2% over the whole of FY2024.

 

The company booked revenue of $53.9 million for 2HFY2025, down 20.2% y-o-y, with full-year revenue down 8.4% to $119.2 million, due to lower repairs and redecoration revenue.

 

Its other business segments include coating and painting, which was down as well, while additions and alteration works, the largest segment, was down slightly for its 2HFY21025 but up 25.2% for the whole of FY2025.

 

ISOTeam says its bottom line is distorted by the absence of a one-off disposal gain booked in FY2024. This caused its other income to drop by $2 million to $3.7 million.

 

Despite the lower earnings, ISOTeam plans to maintain its final dividend at 0.08 cents.

 

ISOTeam' s executive director and CEO Anthony Koh observes that project commencements for certain segments temporarily slowed in 2HFY2025.

 

" However, we have observed an overall recovery in activity across all segments since the start of 1HFY2026.

 

As a clear indication of this trend, ISOTeam won $20.9 million worth of contracts in July and $22.5 million the following month.

 

" We are optimistic that this momentum will continue, and we expect our multi-disciplinary capabilities and established track record to position us strongly in tender exercises," says Koh.

 

To date, ISOTeam' s order book has reached $181.1 million, to be delivered in the next two financial years, and that the company is actively tendering for new projects.