Azeus’ FY2025 earnings surge 96% to $13.6m
Azeus reported a 96% increase in net profit for FY2025, reaching $26.7 million, up from $13.6 million the previous year. Revenue rose 44% year-on-year to $76.0 million, primarily driven by a 55% increase in Azeus Products revenue, which accounted for 83% of total revenue. The IT Services segment grew by 10% to $13.3 million, with recurring revenue from maintenance and support rising to $8.5 million, making up 11% of total revenue.
Revenue rose 44% YoY.
Azeus’ net profit for FY2025 nearly doubled to $26.7m (HK$166.9m), rising 96% year-on-year (YoY) from $13.6m (HK$85.0m) a year ago.
The increase was driven by a 44% YoY growth in revenue to $76.0m (HK$474.8m) from $52.6m (HK$328.9m) in FY2024, mainly due to strong growth from Azeus Products.
Azeus Products accounted for approximately 83% of the group’s total revenue, rising 55% YoY to $62.7m (HK$391.8m), driven by product license revenue from Convene and Convene Records, as well as implementation services revenue under the CERKS contract.
Meanwhile, the remaining 17% was attributable to the IT Services line, which grew by 10% YoY to $13.3m (HK$83.0m).
Recurring revenue from maintenance and support—part of IT Services revenue and accounting for 11% of total revenue in FY2025—also rose to $8.5m (HK$53.0m), representing approximately 64% of IT Services revenue.
