The group says that the decline in earnings is primarily due to unrealised foreign exchange losses in its energy business. It incurred $5 million unrealised, non-cash foreign exchange revaluation losses in 1HFY2025 as the US dollar weakened during the period.
ISDN Holdings has reported earnings of $1.3 million, down 66% y-o-y for the 1HFY2025 ended June 30.
Revenue for 1HFY2025 came in 22% y-o-y higher at $212.9 million, and gross profit increased 13.8% y-o-y to $50.5 million.
