iWOW Technology Limited posted a net profit of S$0.58 million for the six months ended 30 September 2025, up 372 percent year-on-year, as sturdy contributions from Datacomm & Enterprise Solutions (DES) and Smart City Solutions (SCS) outweighed softer Wireless Engineering Solutions (WES) revenue and higher operating costs.
The group’s revenue rose 12 percent to S$19.07 million, while pre-tax earnings swung to S$0.70 million from a small loss a year earlier. Basic and diluted earnings per share increased to 0.22 Singapore cents from 0.05 cents. The interim report did not propose any dividend.
DES revenue more than doubled to S$6.0 million, driven by stronger sales of network infrastructure solutions. SCS turnover expanded 114 percent to S$0.6 million on larger Age-Tech contributions, and Trading & Others climbed 85 percent to S$1.4 million on brisk regional demand for Datacomm products. IaaS remained steady at S$3.4 million. By contrast, WES fell 23 percent to S$7.7 million, reflecting a high base in 1H2025 when a S$20 million Smart City Infrastructure contract was executed.
Cost pressures persisted. Employee benefits rose 9 percent as the company hired staff to support its S$50 million Age-Tech Wireless Alarm Alert System (WAAS) rollout, while amortisation and depreciation jumped 31 percent owing to new leasing assets. These were partly offset by S$0.8 million of other operating income, mainly an initial grant from the DBS Foundation’s Impact Beyond Award.
Management said the four-year WAAS deployment, now in its early phase, should generate progressive month-on-month revenue growth. The order book stood at S$115.2 million as at 30 October 2025. During the half, Age-Tech subsidiary BOP Pte Ltd launched BOP Presence, a Wi-Fi-based in-home presence sensor that joins the award-winning BOP Button. A third product, BOP Monitor, an AI-enabled fall-detection sensor, is slated for launch in the first quarter of 2026.
Chief executive officer Raymond Bo noted that the earnings surge underscores the group’s diversification strategy and its focus on Age-Tech solutions. He added that the WAAS contract positions iWOW to deliver both social impact and sustainable financial performance while creating long-term shareholder value.