Concorde International Group Secures SG$11.6 Million (Approx. US$9.0 Million) in New Multi-Year Recurring Revenue Contracts

Rhea-AI Summary

Concorde International Group (NASDAQ: CIGL) has secured new contracts worth SG$11.6M (US$9.0M) from January to May 2025, surpassing their entire 2024 contract value of SG$10.9M. The multi-year recurring revenue contracts, spanning 2025-2029, include four public tender wins with two from Singapore government organizations. The contracts cover diverse sites including schools, factories, and banks. Concorde's success stems from their I-Guarding Services, a proprietary suite of intelligent security solutions that provides integrated monitoring of properties, assets, and building systems. CEO Swee Kheng Chua highlighted that achieving higher contract values in just five months compared to all of 2024 demonstrates strong market confidence in their technology-driven security solutions.

Positive

• Secured SG$11.6M in new contracts, exceeding the entire 2024 contract value of SG$10.9M in just five months
• Won four public tender contracts, including two from Singapore government organizations
• Multi-year recurring revenue contracts provide stable income stream through 2029
• Demonstrated market leadership in Singapore's competitive security market through proprietary I-Guarding Services technology

Negative

• None.

Insights

Financial Analyst

Concorde's SG$11.6M in new contracts through May 2025 already exceeds full 2024 total, signaling accelerating growth trajectory.

Concorde's announcement of SG$11.6 million (US$9.0 million) in new contracts secured in just the first five months of 2025 reveals significant revenue acceleration compared to the entire previous fiscal year. This represents a 6.5% increase over their full-year 2024 contract signings of SG$10.9 million, achieved in less than half the time frame.

The multi-year nature of these contracts through 2029 establishes a valuable baseline of predictable recurring revenue that enhances earnings visibility and cash flow stability. This is particularly important in the security services sector, where customer retention and steady revenue streams are key valuation metrics.

Four contracts won through competitive public tenders, including two from Singapore government entities, demonstrate Concorde's strong competitive position and ability to meet stringent government procurement requirements. Government contracts typically offer enhanced stability and potential for renewals, while also serving as quality credentials for securing additional private sector business.

The contract diversification across schools, factories, and banks indicates Concorde's versatility in adapting its integrated security solutions to various environments with different risk profiles and compliance requirements. This cross-sector capability reduces concentration risk and opens multiple avenues for future growth.

Concorde's proprietary "I-Guarding Services" technology suite creates differentiation in a traditionally commoditized industry. By combining physical security personnel with proprietary monitoring technology, Concorde has established higher margins and barriers to entry than typical security providers that compete primarily on labor costs.

Singapore's position as one of Asia's most sophisticated security markets serves as both a proving ground and reference market. Success in this demanding environment positions Concorde well for potential geographic expansion, as solutions that work in Singapore's advanced security landscape can be marketed as premium offerings in less developed markets.

Singapore, June 17, 2025 (GLOBE NEWSWIRE) -- Concorde International Group Ltd. (NASDAQ: CIGL) (“Concorde” or the “Company”), an integrated security services provider that combines physical manpower and innovative technology to deliver effective security solutions, today announced that it has secured a total of SG$11,621,370 (approximately US$9,040,472) in new contracts from January through May 2025. The contracts include engagements with new clients as well as expanded agreements with existing customers across newly secured sites.

Majority of the contracts represent multi-year recurring revenue, to be recognized over the 2025–2029 period. The wins include four contracts awarded via public tenders, with two coming from Singapore government-related organizations. These contracts span a variety of sites, including schools, factories, and banks, reflecting Concorde’s robust capability in delivering tailored security solutions to critical infrastructure.

By comparison, Concorde signed SG$10,915,868 (approximately US$8,492,916) in similar recurring contracts for the fiscal year ended December 31, 2024. The Company’s continued growth reinforces its position as a leading provider of integrated security services in Singapore—one of Asia’s most advanced and competitive security markets.

Concorde has gained significant recognition for its disruptive innovation in the integrated monitoring of properties, assets, and building systems, ensuring round-the-clock surveillance and operational efficiency. This is made possible through its proprietary suite of intelligent security solutions known as “I-Guarding Services.”

Swee (Alan) Kheng Chua, Chairman and Chief Executive Officer of Concorde, commented, “We’re only halfway through the year, and we’ve already surpassed the total value of new contracts signed in all of 2024. These new contracts validate the market’s confidence in our solutions and position us for continued growth as we expand our footprint in both the public and private sectors. Singapore remains one of the most sophisticated and competitive security markets in Asia, and our continued momentum reinforces Concorde’s leadership in delivering reliable, technology-driven security and facilities management solutions to a diverse client base.”

About Concorde International Group Ltd

Concorde International Group Limited (Nasdaq: CIGL) is a Singapore-based company specializing in integrated security solutions and facilities management services. Established in 1997, the Company is recognized for its bold and disruptive innovation with its integrated monitoring of properties, assets and building service systems under 24/7 surveillance, ensuring complete security and business efficiency. This is done through a suite of smart security solutions called “I-Guarding Solutions”. The first of these solutions is its patented I-Man Facility Sprinter (“IFS”) – a revolutionary mobile vehicular platform providing security and facility maintenance services.

For more information, please visit: https://www.concordesecurity.com/.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the registration statement and annual report filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, contact:

Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020
Email: CIGL@crescendo-ir.com 

FAQ

What is the total value of new contracts secured by Concorde International Group (CIGL) in 2025?

Concorde secured SG$11.6 million (approximately US$9.0 million) in new contracts from January through May 2025.

How do CIGL's 2025 contracts compare to their 2024 performance?

The 2025 contracts (SG$11.6M) already exceed the entire 2024 contract value (SG$10.9M) in just five months.

What types of facilities does Concorde International Group provide security services for?

Concorde provides security services for various facilities including schools, factories, and banks.

What is Concorde's I-Guarding Services?

I-Guarding Services is Concorde's proprietary suite of intelligent security solutions for integrated monitoring of properties, assets, and building systems.

How many government contracts did CIGL win in 2025?

Concorde won two contracts from Singapore government-related organizations as part of four public tender wins.