iWOW Technology Limited reported an 18% increase in its Infrastructure as a Service (IaaS) revenue for the first half of 2027, driven by its AgeTech deployment. Despite this growth, the company’s overall revenue declined by 12% to S$16.8m, resulting in a net loss of S$0.7m. The Gentle Group, acquired by iWOW, contributed S$2.3m to the revenue within three months of acquisition.
The company completed a fully subscribed S$15m placement in July 2026, bolstering its financial position. As of 31 October 2026, iWOW’s order book stood at approximately S$127m, up from S$106m in June 2026. The company also secured a significant Electronic Monitoring System (EMS) purchase order worth S$3m from a Middle Eastern government organisation.
CEO Raymond Bo highlighted the softer performance of iWOW’s Smart City Infrastructure business in the first half, attributing it to delays in tender and contract awards. However, he noted that demand for infrastructure upgrades, particularly in healthcare and public sectors, remains strong. “The recent contract wins by ROOTS are positive developments as we replenish our order book,” Bo stated.
Looking ahead, iWOW is focusing on international expansion, with its first government EMS order in the Middle East and AgeTech trials overseas. Bo expressed optimism about the company’s future, citing a robust order book and strengthened capital base as foundations for expected revenue growth in the second half of FY2027.
