Azeus Systems Holdings has reported a net profit of HK$118.1 million ($19.43 million) for the 2HFY2025, bringing its FY2025 ended March earnings to HK$166.9 million, up 96% y-o-y.

The IT products and services company reported a revenue of HK$474.8 million for the full year, up 44% y-o-y. For the 2HFY2025, revenue grew 56% y-o-y to HK$305.5 million.

The growth in revenue was driven by strong growth in its products, the company says.

The Azeus products business segment, which accounts for 83% of the group’s total revenue for FY2025, registered a 55% y-o-y growth. This was driven by product license revenue from its proprietary products, Convene and Convene Records, and implementation services revenue under the CERKS contract.

The CERKS project will continue its deployment through to FY2027, as planned. Meanwhile, revenue from IT services rose 10% y-o-y in FY2025, from recurring revenue from maintenance and support.

As at March 31, 2025, the group’s net cash position increased by 48% y-o-y to HK$270.3 million, due to the higher revenue and resulting cash collection during the period.

The group has no bank borrowings or debt securities.

A final dividend of HK$3.90 per share will be recommended.

Shares in Azeus Systems closed flat at $12.45 on May 30.