iWOW Technology has reported a significant financial upturn, with revenue increasing by 19% to S$41.3m and operating profit soaring by 150% to S$3.6m. The company is making strides in the longevity economy through a proposed S$11.2m acquisition of The Gentle Group and a partnership with GetSetUp. These moves are part of iWOW’s strategy to build a comprehensive, data-driven ecosystem focused on safety, social connection, and sustenance.
The company’s financial health is bolstered by cash and cash equivalents of S$11.5m as of 31 March 2026, up from S$4.4m the previous year. The completion of the three-year earn-out arrangement for the ROOTS Singapore acquisition has also removed a significant earnings overhang.
Raymond Bo, CEO and Executive Director of iWOW Technology, stated, “FY2026 marks a meaningful turning point for the Group. Our operating profit grew 150% on the back of a 19% rise in revenue, with all five business segments contributing to top-line growth.”
iWOW is also progressing with a S$50m AgeTech WAAS contract, which is expected to generate recurring revenue. The company is advancing its international expansion, with planned AgeTech trials in the US and ongoing exploration of overseas opportunities in its IoT business.
These developments underscore iWOW’s commitment to delivering sustainable growth and creating long-term shareholder value, as it continues to innovate in the wireless IoT solutions sector.
