INEO

SINGAPORE, May 18, 2026 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (“INNEOVA Holdings” or the “Company”) (Nasdaq: INEO), a Singapore-based engineering solutions provider focused on maximising uptime, optimising total cost of ownership, and extending asset longevity through sustainable engineering, today announced its audited financial results for the fiscal year ended December 31, 2025. Fiscal 2025 was the first full year of operating under the INNEOVA Holdings brand and the first year that the acquired INNEOVA Engineering business was integrated across the platform. Against a backdrop of softer international demand in the second half of the year, the Company strengthened its operating cash generation, reduced bank borrowings, and executed three strategic milestones — a multi-year overhaul contract win from PSA Singapore, a Hydrogen Pathfinder Pilot with HyCee Pte. Ltd., and, after year-end, a partnership to distribute XCMG electric material handling equipment in Singapore. Key Financial Highlights for Fiscal Year 2025 Revenue: $58.4 million, a 6.9% decrease from $62.7 million in the prior year. The decline was primarily attributable to a $5.7 million reduction in revenue from the Middle East and Other Countries, driven by softer customer demand, partially offset by an increase of approximately $1.4 million in Singapore, where revenue grew across multiple business lines. Gross Profit: $11.2 million, compared to $12.3 million in 2024. Gross profit margin remained largely stable at 19.2%, compared to 19.6% in the prior year, reflecting continued pricing discipline and a favorable mix shift in the On-Highway Business, where segment gross margin expanded to 23.0% from 21.6%. Selling and Distribution Expenses: $1.2 million, a 30.9% decrease from $1.7 million in the prior year, primarily reflecting lower promotion and marketing expenses. Administrative Expenses: $10.1 million, compared to $9.4 million in the prior year. The increase was driven primarily by a $0.6 million increase in legal and professional fees associated with the Company’s first full year of compliance costs as a Nasdaq-listed entity, and a $0.3 million increase in staff costs. Net Loss: $0.4 million, compared to net income of $0.4 million in 2024. The change reflects lower revenue, higher administrative expenses associated with public-company compliance, and increased other expenses, partially...

Surrey, British Columbia--(Newsfile Corp. - October 28, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), a technology leader at the intersection of in-store retail media and loss prevention, today announced it has filed its Annual Audited Consolidated Financial Statements and Management's Discussion and Analysis under the Company's profile on SEDARplus.com for the Company's fiscal year and fourth quarter ended June 30, 2025. On behalf of the Board of Directors Kyle Hall, CEO, INEO Tech Corp. About INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) INEO Tech Corp. builds technology at the intersection of in-store retail media and loss prevention. Through its wholly owned subsidiary INEO Solutions Inc., the company operates the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which sells and manages advertising across in-store screens. INEO's patented integration of Electronic Article Surveillance (EAS) pedestals with digital displays helps retailers reduce theft while generating incremental media revenue from the same footprint. INEO is headquartered in Surrey, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange (INEO) and the OTCQB (INEOF). For more information please visit: Websites: www.ineosolutionsinc.com www.ineoretailmedia.com LinkedIn: www.linkedin.com/company/ineosolutions For further information: Kyle Hall CEO, INEO Tech Corp. [email protected] (604) 244-1895 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272354

SINGAPORE, Sept. 30, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (“INNEOVA Holdings” or the “Company”) (Nasdaq: INEO), a Singapore-based solutions provider focused on maximising uptime, optimising total cost of ownership, and extending asset longevity through sustainable engineering, today announced its unaudited financial results for the six months ended June 30, 2025. Key Financial Highlights for the First Half of 2025 Revenue: $30.8 million, a 10.3% increase from $27.9 million in the prior year period. The increase was primarily driven by the acquisition of the INNEOVA Engineering Division, which contributed approximately $2.7 million, as well as growth in other revenue streams, such as shipping charges. Gross Profit: $5.9 million, a 2.2% increase from $5.8 million in the first half of 2024. The gross profit margin was 19.3%, compared to 20.8% in the previous year, reflecting the integration of new business segments and slight variations in the product mix. Operating Income: $1.1 million, compared to $1.8 million in the prior year period. This decrease reflects higher administrative and selling expenses associated with the recent acquisition and ongoing compliance costs. Net Income: $0.2 million, compared to $1.7 million in the first half of 2024. The reduction in net income was primarily due to increased operating expenses, higher interest costs, and foreign exchange losses. Operational Highlights and Recent Developments During the first half of 2025, INNEOVA Holdings continued to advance its strategic initiatives, building on momentum from prior periods. Key achievements include: Rebranding to INNEOVA Holdings Limited: Effective April 28, 2025, the Company changed its name from SAG Holdings Limited to INNEOVA Holdings Limited, with its Nasdaq ticker symbol changing to "INEO". This rebranding emphasizes the Company's focus on engineering innovation and sustainable solutions. Acquisition of INNEOVA Engineering Pte. Ltd.: On April 30, 2025, INNEOVA Holdings completed the acquisition of INNEOVA Engineering Pte. Ltd. This strategic addition enhances the Company’s engineering capabilities, expands its service offerings into customized systems integration, and supports growth in sustainable infrastructure and mobility solutions. The division contributed approximately $2.7 million in revenue during the period. Geographic and Segment Performance: Revenue f...

SINGAPORE, May 19, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (Nasdaq: INEO, "INNEOVA Holdings" or the "Company"), a leading Singapore-based provider of high-quality Original Equipment Manufacturer ("OEM"), third-party branded, and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines, today announced its financial results for the fiscal year ended December 31, 2024. Key Financial Highlights for Fiscal Year 2024 Revenue: $58.3 million, a 2.0% decrease from $59.5 million in the prior year. The decrease was primarily due to reduced demand in the Singapore local market. Gross Profit: $10.9 million, comparable to $10.9 million in 2023. The gross profit margin improved slightly to 18.7% from 18.3% in the previous year, demonstrating the Company's ability to maintain pricing discipline amid market challenges. Operating Income: $0.8 million, compared to $2.5 million in the previous year. This decrease in income reflects increased administrative expenses and selling and distribution costs. Net Income: $0.008 million, compared to $1.6 million in 2023. The reduction in net income was primarily due to higher administrative expenses. Operational Highlights and Recent Developments Throughout 2024 and early 2025, INNEOVA Holdings achieved several key milestones that position the Company for future growth. These include: Successful Initial Public Offering (IPO): Formerly known as SAG Holdings Limited, the Company announced the pricing of its IPO on October 22, 2024, and the closing on October 24, 2024 (as detailed in press releases dated October 22 and 24, 2024). This marked a significant step in its growth trajectory, with shares trading on the Nasdaq Capital Market under the symbol "SAG" at the time. Fulfilment Center at INNEOVA Facility: On November 13, 2024, INNEOVA Industrial Pte Ltd (formerly known as Filtec Private Limited), a wholly-owned subsidiary, announced the completion of automation technology implementation in its distribution center, leveraging advanced robotics and digital solutions to enhance operational efficiency. Rebranding to INNEOVA Holdings Limited: Effective April 28, 2025, the Company changed its name from SAG Holdings Limited to INNEOVA Holdings Limited, with its Nasdaq ticker symbol changing to "INEO". This rebranding reflects the Company's enhanced focus on engineering excellence and innovative solution...