Continuous Focus and Demand in Hong Kong for Cybersecurity Products and Services

(Hong Kong – 25 November 2024) Edvance International Holdings Limited (“Edvance International” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”) (SEHK stock code: 1410.HK), a technology and investment holdings company in Hong Kong, is pleased to announce its interim results for the six months ended 30 September 2024 (“FY2025 1H” or the “Period”).

The key financial and business highlights are as follows:

• Revenue reached HK$362.1 million in the FY2025 1H, significantly increased by approximately 24.6% as compared to financial year ended 30 September 2023 (“FY2024 1H”).
• Gross profit margin decreased by approximately 4.1% to approximately 19.5% in FY2025 1H as compared to approximately 23.6% in FY2024 1H.
• The loss attributable to owners of the Company significantly decreased from approximately HK$6.6 million in FY2024 1H to HK$1.2 million in FY2025 1H mainly due to the significant decrease in operating expenses as a result of tight cost control during the Period.
• For illustration purposes, after excluding the impact of fair value changes on financial assets at fair value through profit or loss, the Group recorded an adjusted profit attributable to owners of the Company of approximately HK$9.7 million for FY2025 1H and adjusted loss of HK$6.3 million for FY2024 1H.

Necessitating Diverse Solutions to Combat Increasingly Sophisticated Cyberattacks

With the development and widespread adoption of artificial intelligence, cyberattacks have become increasingly sophisticated. Coupled with evolving regulations and automation across various industries, we have placed greater emphasis on cybersecurity, necessitating diverse solutions to combat counter these advanced threats.

During FY2025 1H, the Group became the distributor for two new cybersecurity products and is actively considering additional products and technologies that meet evolving market demands.  Additionally, the successful transition of our business model to a subscription-based approach has yielded positive results, leading to more stable revenues and reinforcing our position as a leading distributor of cybersecurity solutions.

Our flagship email protection product saw increased sales in FY2025 1H, and we also achieved breakthroughs in the Association of Southeast Asian Nations (“ASEAN”) market. Additionally, our online security training platform enables employees to easily learn about cybersecurity awareness online and has attracted significant interest locally. The Group anticipates that this new product will also develop into a rapidly growing business line.

Mr. Raymond Liu, Chairman and Group CEO of Edvance International, commented, “Despite some uncertainties in market conditions in the short term, demand for cybersecurity products and services, and especially cybersecurity-as-a-service remain strong in Hong Kong and across ASEAN. We will continue to focus on our core business and deliver enhanced values to our clients, while exercising prudence in managing our operation. Overall, we will strive to create security solutions that better meet regional needs and ensure clients are protected from cyberattacks.”

Read the full Interim Report 2024/25 HERE.