ISOTeam Ltd. has reported a significant 36.5% increase in net attributable profit for the first half of the fiscal year 2025, reaching $1.9m. This growth is attributed to a 4.2% rise in revenue, totalling $65.4m, largely driven by the Alteration and Addition (A&A) segment, which saw a 61.6% year-on-year increase to $30.3m.
The company’s order book stands robust at $188.7m, expected to sustain activities through to FY2029. Executive Director and CEO, Anthony Koh, expressed optimism about maintaining a strong order book, citing ongoing tenders and public sector projects as potential opportunities. “With more infrastructure projects and upgrading works being announced by the public sector, I am optimistic that ISOTeam will be able to maintain a robust order book that will continue to deliver positive results,” Koh stated.
ISOTeam’s gross profit also saw an 18.4% increase to $9.9m, with a gross profit margin improvement of 1.8 percentage points, reflecting better margins from post-COVID-19 projects. The company recently completed a capital reduction exercise to enhance its financial position and future dividend capabilities.
Looking ahead, ISOTeam is poised to benefit from the Building and Construction Authority’s forecasted construction demand growth, driven by major projects like Changi Airport Terminal 5 and Marina Bay Sands expansion. The company is also advancing its technological capabilities with ISOTeam BuildTech, focusing on autonomous solutions, including drones for façade inspections and painting, expected to be commercialised by the end of 2025. This innovation aims to boost productivity and safety, positioning ISOTeam for future growth in the digital era.
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