The group says that large non-cash, and non-current revaluations of long-term contracts in ISDN’s clean energy business impacted core profits significantly. These revaluations are accounting foreign-exchange losses arising from the strengthening Singapore dollar against trade currencies in the clean energy business.
ISDN Holdings has reported a net profit of $2.29 million for the 3QFY2025 ended Sept 30, a reversal from the net loss reported in the same period a year ago.
For the 9MFY2025, net profit came in 2% y-o-y lower at $3.58 million.
