ISDN Holdings’ net profit declines by 66% in H1

This is attributed to unrealised foreign exchange losses in its energy business.

ISDN Holdings’ profit attributable to equity holders declined by 66% to $1.3m in the first half of 2025 (H1 2025).

According to a bourse filing, this was primarily due to unrealised foreign exchange losses in its energy business.

Revenue rose 22% year on year (YoY) to $212.9m, with increases across all major business segments and regions.

On a constant currency basis, revenue grew 27% YoY, as the stronger Singapore dollar reduced reported figures.

Gross profit climbed by 13.8% YoY, but the margin fell by 1.7 percentage points.

The drop was attributed to revenue recognition from two mini-hydropower projects under construction, which generally have lower profit margins.