Gross margin increased 450 basis points to 31.5% for H1 2025, compared to 27.0% for the same period last year
SINGAPORE, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Concorde International Group Ltd. (NASDAQ: CIGL) ("Concorde" or the "Company"), an integrated security services provider that combines physical manpower and innovative technology to deliver effective security solutions, today announced financial results and provided a business update for the first half of 2025 (H1 2025) ended June 30, 2025.
H1 2025 Financial Highlights
Revenue increased by approximately 11%, to approximately $6.0 million for H1 2025, compared to approximately $5.4 million for H1 2024
Gross profit increased by approximately 30% to $1.9 million for H1 2025, compared to approximately $1.5 million for H1 2024
Gross margin increased 450 basis points to 31.5% for H1 2025, compared to 27.0% for the same period last year
Swee Kheng (Alan) Chua, Chairman and Chief Executive Officer of Concorde, commented, "Our first half 2025 results demonstrate the continued strength of our business. Revenue increased approximately 11% year-over-year to $6.0 million, while gross profit grew 30% to $1.9 million. Importantly, gross margin increased by 450 basis points to 31.5%, compared to 27.0% in the prior year period. We anticipate strong year-over-year growth in the second half of the year, driven by our strategy of scaling high-margin recurring revenue through the continued deployment of our i-Guarding services."
"Looking ahead, we plan to expand internationally into Malaysia, Australia, and North America through partnerships with established local providers to address rising labor costs and the growing demand for smart, tech-enabled solutions. Our recent acquisition of Software Risk's assets further strengthens our technology portfolio with a ready-to-deploy, cloud-based platform that enhances productivity, reduces costs, and streamlines operations for customers. By integrating these capabilities with our core security services, we are confident in our ability to scale recurring revenue, drive operational efficiencies, and deliver long-term value for our business and our shareholders."
Financial Overview
Revenue increased approximately 11% to $6.0 million for H1 2025, compared to $5.4 million for H1 2024. Gross profit increased by approximately 30% to $1.9 million for H1 2025, compared to approximately $1.5 million for H1 2024.
Operating loss was approximately $2.5 million in H1 2025, compared to operating loss of approximately $83.3 million in H1 2025. Operating loss in H1 2024 was impacted by a one-time, non-cash share-based compensation expense of $83.2 million. As of June 30, 2025, and December 31, 2024, the Company had cash and cash equivalents of approximately $2.4 million and $1.0 million, respectively.
About Concorde International Group Ltd
Concorde International Group Limited (NASDAQ: CIGL) is a Singapore-based company specializing in integrated security solutions and facilities management services. Established in 1997, the Company is recognized for its bold and disruptive innovation with its integrated monitoring of properties, assets and building service systems under 24/7 surveillance, ensuring complete security and business efficiency. This is done through a suite of smart security solutions called "I-Guarding Solutions". The first of these solutions is its patented I-Man Facility Sprinter, a revolutionary mobile vehicular platform providing security and facility maintenance services.
For more information, please visit: https://www.concordesecurity.com/
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the registration statement and annual report filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, contact:
Investor Relations Contact:Crescendo Communications, LLCDavid Waldman/Natalya RudmanTel: (212) 671-1020 Email:
CONCORDE INTERNATIONAL GROUP LTD.
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS AT JUNE 30, 2025 AND DECEMBER 31, 2024
June 30,
December 31,
2025
2024
USD
USD
Assets
Non-current assets:
Property and equipment, net
3,986,155
3,720,807
Right-of-use asset, net
488,547
322,332
Intangible assets, net
9,155
9,325
Other financial assets
737,446
393,019
Deferred offering cost
-
449,110
Total non-current assets
5,221,303
4,894,593
Current assets:
Trade and other receivables
6,288,642
3,825,146
Amount due from related parties
517,714
553,184
Cash and cash equivalents
2,361,689
1,000,284
Total current assets
9,168,045
5,378,614
Total assets
14,389,348
10,273,207
Equity and liabilities
Equity
Share capital
222
209
Additional paid in capital
4,473,096
-
Merger reserves
2,336,848
2,336,848
Other reserves
83,261,816
83,085,159
(Accumulated Deficit)/Retained Earnings
(86,011,997
)
(83,313,648
)
Equity attributable to equity holders of the parent company
4,059,985
2,108,568
Non-controlling interests
157,012
151,629
Total equity
4,216,997
2,260,197
Liabilities
Non-current liabilities:
Lease liabilities, net of current portion
229,914
170,724
