The Group Recorded Growth in Revenue, Profit for the Period, Orders Newly Secured and Basic Earnings Per Share
Drives the Industrial Application of AI Technology
Expands New Business Growth Opportunities in the Asia-Pacific Region
News Release – August 20, 2025
(Hong Kong, 20 August 2025) – Automated Systems Holdings Limited (“ASL” or “the Group”) (HKEX stock code: 771), a professional and trustworthy regional unified technology services partner, announced its interim results for the six months ended 30th June 2025 (the “Review Period”). Total revenue of the Group’s core businesses (namely businesses in Hong Kong and the other Asia Pacific regions) recorded HK$1,332.9 million, up 8.8% as compared to the same period last year. Adjusted EBITDA of the core businesses recorded HK$59.6 million, up 2.2% as compared to the same period last year. The Adjusted Net Profit recorded HK$45.7 million.
In the Review Period, the Group recorded a profit attributable to the Company’s equity holders of HK$41.5 million, an increase of 9.0% compared to HK$38.1 million for the corresponding period last year. The increase was mainly due to the increase in share of results of associates recorded during this period. The Group’s basic earnings per share and diluted earnings per share were 4.98 HK Cents and 4.91 HK Cent, up 9.0% and 7.4% respectively. Gross profit for the six months ended 30th June 2025 was HK$129.0 million, representing a growth as compared to corresponding period last year.
The Group maintained a healthy financial position during the Review Period. For the six months ended 30th June 2025, orders newly secured by the Group amounted to approximately HK$1,519.3 million, up 17.3% as compared to the same period last year. As at 30th June 2025, the Group’s order book balance was approximately HK$1,849.0 million. The Group’s bank balances and cash and time deposits in total stood at approximately HK$742.9 million with a working capital ratio of 2.01:1, the Group has no outstanding borrowings.
The Group’s three businesses, namely DevSecOps, showed stable growth in the total service revenue compared to the Review Period last year. In addition to the DevSecOps business (see description below), the Group was also involved in system integration.
In terms of the Innovative Solutions Business (Application Development — Enhance customer experience with innovative applications; Dev), ), the service orders newly secured recorded an increase as compared to the same period last year. The increase was mainly attributable to the higher number of orders for application development and the provision of information technology (“IT”) outsourcing services. During the period, its service revenue recorded HK$296.4 million. In the review period, the Group actively utilized innovative technologies such as artificial intelligence, blockchain and cloud computing to facilitate the digital transformation across industries and the building of a digital government, including the development of an e-government platform, a territory-wide census data system in Hong Kong and the “eHealth+” system. Meanwhile, we have continued to seize business opportunities in Chinese-brand Information Technology Application Innovation (ITAI) projects and accumulated more successful cases and implementation experience, demonstrating the Group’s competitive advantage in innovative technology application, and accumulating key technological assets and implementation capabilities for future development.
In regard to Intelligent Cybersecurity Services Business (Cybersecurity — Protect your assets with intelligent security technology; Sec), the volume of service orders newly secured reduced as compared to corresponding period last year. During the period, service revenue amounted to HK$105.6 million. The orders were mainly derived from the sustained growth of the demand for cybersecurity services, 7×24 threat detection and the demand for high quality security managed services. During the review period, the Group received orders from various industries, including two network framework agreements with a total value of approximately HK$125 million from an organization in the Hong Kong international airport, which will enable the Group to bid for the optimization of airport operations over the next two years, and to provide 7×24 threat detection and on-site technical support for a critical system of a government department, demonstrating its highly efficient response capability. In addition, the Group’s cybersecurity capabilities in the Greater Bay Area have been further enhanced, with repeated integration orders from brands from Mainland China and the rest of the world, and the extension of ISO certification to the Security Operation Center (SOC) in Guangzhou in the first half of the year, which has enabled the standardization of cross-region service quality.
In respect of Integrated Managed Services Business (Omni-channel Managed Services — Simplify your IT operations to increase efficiency; Ops), service orders newly secured in the Integrated Managed Services Business presented growth compared to the Review Period last year, principally supported by the market demand for IT Service Management (ITSM) projects, DevSecOps, DevOps and managed services. The service revenue recorded HK$235.4 million. The Group has entered into a number of significant large-scale managed service contracts or renewals in various sectors such as finance and insurance, aviation, real estate, education, retail and government. In the banking and financial sector, the Group demonstrated its diversified technology integration capabilities by successfully securing a diversified Virtual Desktop Infrastructure (VDI) technology project. Additionally, we were awarded a five-year territory wide IT end-point devices support and maintenance contract from a government department in Hong Kong. In addition, the Group provides 24-hour automated services through our Artificial Intelligence for IT Operations (AIOps) services. Many of its projects have adopted the Information Technology Infrastructure Library (ITIL) management platform, demonstrating the technological advantage of transforming from ITSM to the cutting-edge AIOps solutions.
In terms of ITAI ecosystem and capabilities of unified technologies, the Group has further expanded its presence in the ITAI field, strengthened its industry-leading product benchmarking and testing platform for brands from Mainland China and the rest of the world, and enhanced its unified technology capabilities. The Group has also successfully secured a number of projects from government and financial institutions, providing leading and reliable technological protection for its customers.
Meanwhile, the Group continues to adopt a sector-focused approach while expanding across the Asia Pacific and Oceania markets. In the first half of the year, the Group established offices in Malaysia and Australia, and continued to expand its Offshore Development Center (ODC) to accelerate the adoption of AI and other advanced technologies, providing highly efficient solutions for various industries.
As for the business of associates, for the first half of 2025, GDH reported a total revenue of US$201.5 million (equivalent to approximately HK$1,581.9 million), up 23.7%. One of the major associates in Asia Pacific, i-Sprint Holdings Limited and its subsidiaries (collectively ‘i-Sprint’) with revenue and EBITDA growing to approximately HK$84.5 million and HK$26.8million, up 15.6% and 59.3% respectively.
Looking ahead, the Group will remain acutely attuned to emerging opportunities driven by China’s economic stabilization and the deepening integration of the Greater Bay Area. With the implementation of the Protection of Critical Infrastructure (Computer Systems) Ordinance in Hong Kong on 1st January 2026, the Group will continue to maintain a high level of vigilance to capitalize on the development opportunities brought by such policy adjustments.
To conclude, the Group will continue to focus on the core demands of the industry and actively expand into the Asia Pacific and Oceania markets. In addition, we will further strengthen our talent pool and training, as well as increase our investment in the ITAI field, and build up a professional technical evaluation team to select the most suitable solutions for our customers. Leveraging on the well-established ecosystem for brands from Mainland China and the rest of the world and diversified technological advantages, the Group will integrate DevSecOps expertise with platform-based managed services, and respond to the evolving industry demands through innovative solutions, cybersecurity and operations, with a special focus on the ITAI field and exploration of the AI application scenarios. In the midst of today’s complex and volatile economic landscape, the Group is committed to joining hands with its regional customers to capitalize on the opportunities arising from the transformation of the digital economy and to achieve sustainable development.
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