i-Control Holdings swings to profit after operational shift

i-Control Holdings Limited announced a net profit of HK$181,000 for the six months ended 30 September 2025, a significant turnaround from a net loss of HK$17,083,000 in the corresponding period of 2024. This positive shift was primarily driven by the disposal of its loss-making cloud-based IT+OT managed services business, which contributed a loss of HK$6,620,000 in the prior year.

Revenue from continuing operations decreased by 27.0% to HK$46,076,000 (2024: HK$63,144,000), mainly due to a reduction in VCMA solution services projects and increased market competition. However, gross operating profit margin improved from 33.8% to 38.3%, and staff costs decreased by 25.2% to HK$13,030,000, contributing to the improved financial performance. The company’s gearing ratio as of 30 September 2025 was approximately 5.6%.

Basic and diluted earnings per share from continuing operations were HK$0.02, compared to a loss of HK$1.00 in the previous year. No interim dividend was declared for the period.