Since then, having won a growing list of contracts, Addvalue has returned to profitability, with earnings of US$302,000 in FY2024 and US$2 million ($2.5 million) in FY2025. The company’s financial year ends on March 31. In an October 2025 interview, CEO Tan Khai Pang said the company would have met the criteria to exit the watch list and would have applied to do so if it had not been removed.
Mainboard-listed Addvalue Technologies, one of the few locally listed stocks with direct exposure to satellites, is poised to benefit from rising global interest in the space economy. In 2025, this stock gained 454.5%, making Addvalue one of the top-performing stocks last year.
Addvalue’s fortunes were not always so cheery. Amid a business struggling to break even, the company was forced to tap shareholders multiple times for more funds through rights issues, causing further dilution and testing patience. In 2023, it was placed on the now-defunct Singapore Exchange (SGX) Watch List after three consecutive years of financial losses and a market value below the $40 million threshold.
