ISDN Holdings Limited has announced a robust financial performance for the first half of 2025, with a 22% increase in revenue to S$212.9 million. This growth was achieved despite the strengthening of the Singapore dollar, which, on a constant currency basis, would have seen revenue rise by 27% year-on-year. The company’s core shareholder profits surged by 35.1%, excluding unrealised foreign exchange losses, reflecting strong business growth across all segments.
The industrial automation sector, a key area for ISDN, recorded a 6.4% year-on-year growth, with notable performances in China and Southeast Asia. The company’s “Asia-for-Asia” strategy is capitalising on the localisation of global supply chains, contributing to this success. ISDN’s renewable energy segment also played a significant role, with its mini-hydropower plants generating stable income and accounting for 9.8% of the group’s gross profit.
Despite these gains, net profit attributable to equity holders fell by S$2.5 million to S$1.3 million, primarily due to S$3.2 million in non-cash, unrealised foreign exchange losses from long-term receivables and payables in the renewable energy business. However, ISDN remains optimistic about the future, with plans to expand its renewable energy capacity by 81.3% by 2026.
Managing Director and President Teo Cher Koon highlighted the company’s strategic investments during the recent downturn, stating, “ISDN’s strong performance in 1H2025 reflects continued results from our disciplined strategic investments during the cyclical downturn in the last 24 months.”
Looking ahead, ISDN aims to continue its growth trajectory by broadening its industrial automation capabilities and expanding its renewable energy business across strategic Asian markets.
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