Addvalue Technologies Ltd posted a net profit of US$4.83 million for the year ended 31 Mar 2026, up 147.5 per cent year-on-year, lifted by surging demand for its space and advanced digital-radio products.

The satellite-communications specialist generated revenue of US$24.83 million, a 59.9 per cent YoY increase, while earnings per share improved to 0.142 US cent from 0.0603 US cent a year earlier. The board did not propose a dividend as the company continues to prioritise working-capital reinforcement.

Growth was driven chiefly by the Space Connectivity (SPC) and Advanced Digital Radio (ADR) segments, which contributed 55 per cent and 39 per cent of total turnover respectively. SPC revenue rose 60.6 per cent on sustained orders for Inter-Satellite Data Relay System (IDRS) terminals and related connectivity services in the United States and Japan. ADR sales climbed 57.5 per cent, supported by deliveries of reconfigurable embedded modules and uptake of the ADRS1000 software-defined radio module.

Gross profit expanded 60 per cent to US$13.0 million, maintaining a margin of 52.1 per cent. Higher marketing spend, additional headcount and one-off inventory write-offs lifted selling, administrative and other operating expenses by 35–46 per cent, partially offset by a 74 per cent drop in finance costs following early redemption of convertible notes and bonds.

Inventory write-offs (US$0.8 million) and a US$0.4 million fair-value loss on financial liabilities weighed on operating costs, but these were outweighed by revenue growth and a US$0.7 million deferred-tax credit that boosted the bottom line.

Looking ahead, the group reported an order book of US$23.1 million to be delivered largely in FY2027 and noted continuing momentum from low-Earth-orbit satellite opportunities. Management is proceeding with plans to spin off the IDRS business, having secured in-principle concurrence from the Singapore Exchange in April.