Silkwave Inc. Reports 6.3% Revenue Decline to US$2.9M and US$0.5M Loss for H1 2025; EPS at US0.33 Cents

Reuters
08/29
Silkwave Inc. Reports 6.3% Revenue Decline to US$2.9M and US$0.5M Loss for H1 2025; EPS at US0.33 Cents

Silkwave Inc. released its unaudited consolidated interim results for the six months ended 30 June 2025. The company reported a revenue of approximately $2.9 million, reflecting a decrease of about 6.3% compared to $3.1 million during the same period in 2024. The net loss and total comprehensive loss for the period attributable to the owners of the company were recorded at approximately $0.5 million each. The basic and diluted loss per share attributable to ordinary shareholders was approximately 0.33 cents. Silkwave Inc. continues to face challenges in its fund-raising efforts for constructing and launching a new high-power satellite due to slow capital market activities. The company is shifting its strategy to lease out spare satellite bandwidth to other aerospace operators, aiming to utilize existing resources for profit-generating activities. The finance costs for the period remained steady at approximately $0.4 million, similar to the previous year. The share of losses from its 20% interest in Silkwave Holdings Limited amounted to approximately $0.2 million, influenced by delays in regulatory approvals and prolonged fund-raising efforts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silkwave Inc. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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