Revenue for the period rose by 9% y-o-y to $34.3 million mainly due to the renewable energy segment which saw a “significant boost” from a new contract secured in March 2024 with a major food manufacturer. The contract alone contributed $2.79 million to revenue through the sale of spent grain. Other factors, which contributed to the renewable energy segments’ revenue included ecoWise’s ISO-tank heating revenue, which rose by $128,000; as well as other revenue streams including the sale of used bulk bags, scrap items and drying of orange peels, which rose by $218,000.
Catalist-listed ecoWise Holdings has reported earnings of $1.5 million in the FY2025 ended April 30, reversing from its loss of $1.3 million in FY2024.
Earnings per share (EPS) for the period stood at 0.057 cents versus its loss per share of 0.136 cents in FY2023 on a fully diluted basis.
