ISDN Holdings reported profit attributable to shareholders of S$6.76 million for the year ended 31 Dec 2025, down 20.7 % year-on-year as non-cash foreign-exchange revaluations on its Indonesian hydropower receivables offset stronger operating momentum. Group revenue climbed 18.2 % to S$440.18 million, underpinned by broad-based growth in industrial-automation orders and a sharp increase in renewable-energy construction income.
Earnings per share retreated to 1.50 Singapore cents from 1.91 cents. The board proposed a final dividend of 0.53 Singapore cents a share—up from 0.47 cents a year earlier—to be paid on or about 25 Aug 2026 to shareholders on the register as at 7 Jul 2026. A scrip alternative will be offered.
Industrial-automation solutions contributed S$381.3 million of revenue, up 8.9 % YoY, with China accounting for 63.7 % of group sales and Southeast Asia 20.3 %. Pre-tax profit for the automation segment rose to S$15.96 million from S$15.26 million. Renewable energy revenue more than doubled to S$58.86 million, fuelled by S$49.3 million of construction income from the Lau Biang 2 and Lau Biang 3 mini-hydropower projects; segment gross profit increased 22 % to S$12.6 million.
Group gross profit expanded 10.8 % to S$105.21 million, though the margin eased 1.6 percentage points to 23.9 % as lower-margin construction work diluted the mix. Distribution and administrative expenses edged higher on staff costs linked to new subsidiaries and rising sales activity. A S$4.5 million unrealised FX loss—driven by a weaker US dollar against the Singapore dollar—cut reported earnings; stripping out such items, core profit rose 25.9 % to S$9.7 million.
Looking ahead, ISDN plans to deepen its automation footprint by expanding into Malaysia and Taiwan, accelerating the commercialisation of AI-enabled inspection subsidiary NovaPeak, and broadening its product line-up through partnerships with global technology suppliers. In renewable energy, two additional Indonesian mini-hydropower plants are slated to start operations in 2026, lifting installed capacity 81.3 % to 44.6 MW and adding to recurring cash flows.
Managing Director and President Teo Cher Koon said the 2025 performance demonstrated sustained structural demand for industrial automation in China and Southeast Asia, where manufacturers continue to upgrade for productivity gains. He noted that while near-term conditions remain “measured”, the company’s technical depth and regional presence should support further growth, with disciplined capital management to underpin shareholder returns.