iOThree Limited Chairman and CEO Letter to Shareholders

Rhea-AI Summary

iOThree Limited (Nasdaq: IOTR) reported continued growth and strategic progress in 2025 after its Nasdaq listing. For the year ended 31 March 2025, revenue rose 22.3% to US$10.5 million and gross profit reached US$1.9 million. For the half-year ended 30 September 2025, revenue increased 39.6% to US$7.3 million.

The company secured ISO 9001 and ISO 14001 certifications, relocated to larger headquarters, and received classification approval for three proprietary digital solutions including the F.R.I.D.A.Y. Planned Maintenance System. Management plans to use IPO proceeds to fund product innovation, further approvals, marketing, geographic expansion and M&A.

Positive

• Revenue +22.3% FY to $10.5M
• H1 revenue +39.6% to $7.3M
• Gross profit of $1.9M
• ISO 9001 and ISO 14001 certifications achieved
• 3 proprietary solutions received classification approval
• Headquarters relocated to larger purpose-built facility

Negative

• None.

News Market Reaction

-1.87%

3 alerts

-1.87% News Effect

+2.5% Peak Tracked

-13.5% Trough Tracked

-$141K Valuation Impact

$7M Market Cap

0.1x Rel. Volume

On the day this news was published, IOTR declined 1.87%, reflecting a mild negative market reaction. Argus tracked a peak move of +2.5% during that session. Argus tracked a trough of -13.5% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $141K from the company's valuation, bringing the market cap to $7M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

FY 2025 revenue: US$10.5 million FY 2025 revenue growth: 22.3% FY 2025 gross profit: US$1.9 million +4 more

7 metrics

FY 2025 revenue US$10.5 million Financial year ended 31 March 2025; rose 22.3% YoY

FY 2025 revenue growth 22.3% Year-on-year revenue increase for FY ended 31 March 2025

FY 2025 gross profit US$1.9 million Financial year ended 31 March 2025

H1 2025 revenue US$7.3 million Half-year ended 30 September 2025; up 39.6% YoY

H1 2025 revenue growth 39.6% Year-on-year revenue increase for half-year ended 30 September 2025

Solutions with approval 3 proprietary solutions Received classification approval from an international classification society

Industry CAGR forecast 5.6% Forecast compounded annual growth rate for maritime digital solutions through 2028

Market Reality Check

Price: $3.04 Vol: Volume 34,298 is 0.12x 20...

low vol

$3.04 Last Close

Volume Volume 34,298 is 0.12x 20-day average 279,857, indicating subdued trading interest pre-release. low

Technical Shares at $2.67 are trading below 200-day MA of $5.05 and 95.54% under the 52-week high.

Peers on Argus

IOTR fell 5.65% while key telecom/IoT peers like PCLA, IQST and KORE were down m...

2 Up

IOTR fell 5.65% while key telecom/IoT peers like PCLA, IQST and KORE were down more modestly (about 2–3%) or flat, and momentum names FNGR and SURG were up. This points to a more stock-specific move rather than a broad sector rotation.

Historical Context

3 past events · Latest: Nov 06 (Neutral)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 06	Reverse share split	Neutral	-3.4%	1-for-10 reverse split to meet Nasdaq minimum bid requirement.
Jul 16	Strategic partnership	Positive	+4.5%	AI-assisted navigation partnership to enhance V.Sight maritime platform.
Jun 12	Product deployment	Positive	+2.5%	Deployment of V.Sight AI video analytics across Singfar vessel fleet.

Pattern Detected

Recent news has mostly been operational/strategic, with positive technology partnerships seeing modest price gains and a reverse split linked to a small decline.

Recent Company History

Over the past months, iOThree has mixed corporate actions with growth initiatives. A 1-for-10 reverse split on Nov 06 aimed to maintain Nasdaq listing and saw shares dip modestly. Earlier, AI-focused partnerships, including Seadronix integration and V.Sight deployments announced on Jul 16 and Jun 12, were followed by positive price reactions. Against this backdrop, the latest shareholder letter emphasizing revenue growth, certifications, and expansion continues the theme of digitalization-driven strategy execution.

Market Pulse Summary

This announcement outlines iOThree’s first year as a Nasdaq-listed company, highlighting US$10.5 mil...

Analysis

This announcement outlines iOThree’s first year as a Nasdaq-listed company, highlighting US$10.5 million in FY revenue with 22.3% growth, stronger H1 momentum, and new certifications and partnerships in maritime digitalization. Recent history includes AI-focused collaborations and a reverse split to maintain listing status. Investors may focus on how revenue growth translates into sustained profitability, balance sheet strength, and execution on geographic expansion and M&A plans.

Key Terms

ISO 9001, ISO 14001, classification approval, planned maintenance system, +2 more

6 terms

ISO 9001 technical

"We achieved ISO 9001 and ISO 14001 certifications — a strong validation"

ISO 9001 is an international standard for a company’s quality management system that sets out how the organization documents and controls its processes to deliver consistent products or services. For investors, certification is like a stamp saying the company follows repeatable, audited procedures—this can lower operational risk, improve efficiency and customer trust, and make performance more predictable over time.

ISO 14001 technical

"We achieved ISO 9001 and ISO 14001 certifications — a strong validation"

ISO 14001 is an international standard that describes how an organization should set up and maintain an environmental management system — essentially a formal playbook for reducing pollution, using resources wisely, and meeting environmental rules. For investors, certification signals that a company is actively managing environmental risks and costs, which can protect cash flow, reduce fines and cleanup liabilities, and preserve reputation and access to customers and markets.

classification approval technical

"three of our proprietary digital solutions received classification approval from a leading"

A classification approval is a regulator’s decision about what category a product fits into and whether it can be marketed under rules for that category. Think of it as a traffic sign that tells a product which lane of safety and testing rules it must follow; investors care because the category determines how hard, fast, and costly it is to reach customers, affecting time to market, revenue potential, and regulatory risk.

planned maintenance system technical

"including our F.R.I.D.A.Y. Planned Maintenance System (PMS), which enhances"

A planned maintenance system is a company’s organized schedule and procedures for inspecting, servicing, and updating equipment, facilities, or software to prevent failures. Investors care because these routine pauses or upgrades can temporarily reduce production or sales but usually preserve long‑term reliability and avoid costlier unplanned breakdowns—think of it like regular car servicing that keeps a vehicle running and protects its resale value.

AI-assisted navigation technical

"integrating AI-assisted navigation capabilities into our V.Sight platform and also enhancing"

AI-assisted navigation is a system that uses artificial intelligence to help vehicles, vessels, or drones find routes, avoid hazards, and make real-time driving or piloting decisions; think of it as an intelligent co-pilot that combines sensor data and maps to choose safer, more efficient paths. Investors care because it can cut operating costs, reduce accidents, enable new services, and face regulatory or competitive shifts that affect revenue and valuation.

compounded annual rate financial

"research forecasts industry growth at a compounded annual rate of 5.6% through 2028"

Compounded annual rate is the average yearly growth rate of an investment or value over a period, calculated as if any gains were reinvested each year so returns earn returns. It matters to investors because it provides a single, smoothed measure to compare performance across different time spans and investments — like tracking how a snowball grows as it rolls and picks up more snow each year rather than just adding the same amount annually.

AI-generated analysis. Not financial advice.

Singapore, Dec. 12, 2025 (GLOBE NEWSWIRE) -- iOThree Limited (“iO3” or the “Company”) (Nasdaq: IOTR), a pioneering provider of digital solutions for the maritime industry, today issued the following letter from the Company’s  chairman and chief executive officer to its shareholders.

Dear Fellow Shareholders,

Year 2025 has been a defining year for our company — our first year as a listed entity on Nasdaq, and one that has underscored the strength of our business model and the resilience of our team. Amid continued transformation across the maritime and technology sectors, we have delivered solid operational and financial results, strengthened our foundations, and advanced our long-term growth agenda.

For the financial year ended 31 March 2025, revenue rose 22.3% to US$10.5 million, reflecting both our sales momentum and disciplined execution across the organization. Gross profit improved to US$1.9 million, supported by steady project delivery, recurring revenues from software and solutions, and continued cost efficiency. For our half-year ended 30 September 2025 following our listing, revenue maintained its upward trajectory, increasing by 39.6% to US$7.3 million. These results demonstrate the underlying health of our business and the scalability of our platform.

Beyond financial performance, 2025 was marked by meaningful progress on multiple strategic fronts. We achieved ISO 9001 and ISO 14001 certifications — a strong validation of our commitment to quality, operational excellence, and environmental responsibility. We also completed the relocation of our headquarters and operational facilities to a larger, purpose-built premise, enabling greater integration across teams, improved workflow efficiency, and capacity for future growth.

Innovation remained central to our progress. During the year, three of our proprietary digital solutions received classification approval from a leading international classification society — including our F.R.I.D.A.Y. Planned Maintenance System (PMS), which enhances operational efficiency and supports carbon reporting. These milestones strengthen our competitive position as a trusted and forward-looking technology partner to the global maritime industry.

We also continued to expand our collaborative ecosystem through new partnerships and deployments in various maritime hubs to broaden our geographical presence. Other partnerships include integrating AI-assisted navigation capabilities into our V.Sight platform and also enhancing overall safety and operational efficiency. Each of these partnerships exemplifies how we create long-term value by combining technology, insight, and execution.

From a market perspective, the outlook for maritime connectivity and digital solutions remains highly attractive. Independent research forecasts industry growth at a compounded annual rate of 5.6% through 2028, driven by accelerating digitalization, increasing vessel numbers, and rising demand for automation and sustainability. Within this environment, our proven solutions, expanding client base, and strong balance sheet place us in an excellent position to capture further opportunities.

Asia Pacific remains a key growth engine, supported by strong structural demand and digitalization momentum in Taiwan, Singapore, Japan, and Korea. To build on this, we are preparing to expand our market presence in North Asia, backed by a robust pipeline of projects extending over the next two years.

Looking ahead, our strategic priorities are clear — to deepen our technology capabilities, scale our global footprint, pursue suitable M&A and alliances, and continue delivering sustainable growth. Consistent with the planned use of IPO proceeds, we are allocating resources to accelerate product innovation, obtain further classification approvals, and strengthen marketing and brand visibility. These investments will enhance our long-term competitiveness and reinforce our market leadership.

As we move into 2026, we remain confident in our trajectory. With a resilient business model, a capable and committed team, and a strong balance sheet, we are well placed to build on our momentum and deliver enduring value for our shareholders.

On behalf of the leadership team, I extend my sincere appreciation to our employees for their dedication, to our clients and partners for their trust and collaboration, and to our shareholders for your continued confidence and support. Together, we chart the next wave of innovation.

Eng Chye Koh

Chief Executive Officer and Chairman

iOThree Limited

ABOUT iO3

iO3 is a leading provider of maritime digital technologies, offering a comprehensive range of solutions and services to optimize vessel operations, enhance safety, and improve overall efficiency. With a commitment to driving digital innovation in the maritime industry, iO3 empowers shipowners to adapt to evolving market demands and embrace the benefits of advanced technologies. For further information, visit www.io3.sg and https://www.linkedin.com/company/io3-pte-ltd.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements, expressed or implied, in this release are based only on information currently available to the Company and speak only as of the date on which they are made. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this release. Except as otherwise required by applicable law, the Company disclaims any duty to publicly update any forward-looking statement to reflect events or circumstances after the date of this release. 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 Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.

For further information, please contact:
iOThree Limited

Investor Relations: ir@io3.sg

FAQ

What were iOThree's full-year revenues for the period ending 31 March 2025 (IOTR)?

iOThree reported revenue of US$10.5 million for the year ended 31 March 2025, up 22.3% year-over-year.

How much did iOThree (IOTR) revenue grow in the half-year ended 30 September 2025?

Revenue for the half-year ended 30 September 2025 increased 39.6% to US$7.3 million.

Which iOThree products received classification approval in 2025 and why does it matter for IOTR?

Three proprietary digital solutions, including the F.R.I.D.A.Y. Planned Maintenance System, received classification approval, supporting operational credibility and carbon reporting capabilities.

What certifications did iOThree (IOTR) secure in 2025 and what do they indicate?

iOThree achieved ISO 9001 and ISO 14001, indicating commitments to quality management and environmental responsibility.

How will iOThree use its IPO proceeds as described in the 12 December 2025 letter (IOTR)?

Proceeds are being allocated to accelerate product innovation, pursue further classification approvals, strengthen marketing and expand market presence including North Asia.

Does iOThree (IOTR) plan geographic expansion and which regions are targeted?

Yes; management highlighted Asia Pacific as a growth engine and plans to expand market presence in North Asia with a pipeline of projects over the next two years.