#Singapore #Workforce Solutions #YY Group #IFM Services

YY Group Announces Impressive Earnings for First Half of 2025

YY Group Holding Limited (NASDAQ: YYGH), a prominent player in the arena of on-demand workforce solutions and integrated facilities management (IFM), has just unveiled its unaudited financial outcomes for the first six months of 2025. Their report highlights notable progress across various business segments, affirming the company's competitive edge and exemplary execution.

Financial Highlights of First Half 2025

In a year-over-year comparison, YY Group has reported an impressive 33.7% increase in total revenues, reaching $25.8 million versus $19.3 million in the same timeframe last year. The company also saw its gross profit surge by 79.5% to $4.3 million, resulting in a gross profit margin of 16.6%, a significant rise from 12.3% in 2024.

Manpower and IFM Services

The revenue from the Manpower Services segment climbed to $9.6 million, a 21.4% rise from last year, driven by their effective scaling of on-demand workforce solutions. Additionally, the IFM Services segment noted a robust growth of 27.1%, yielding revenues of $14.5 million thanks to ongoing contract acquisitions and expansions. Their newly introduced Technology segment contributed $1.7 million in revenue, demonstrating a promising gross profit margin of 49.4%.

Despite these positive financial outcomes, YY Group experienced an operating loss of $7.7 million during this period, largely due to share-based compensation expenses and impairment losses related to intangible assets. Nevertheless, the underlying operational performance exhibited stability, aligning with management’s expectations and indicating a solid foundation for future growth.

Expanding Global Footprint

YY Group's strategic initiatives included entering three new markets and acquiring three IFM businesses, which have played a crucial role in diversifying their revenue streams. Their operational metrics showcase significant strides as well:

• - YY Circle App Downloads: Increased to 586,389, up from 464,595.
• - Monthly Active Users: Rose to 30,103 from 25,066 in the previous year.
• - Job Fulfillment Rate: Reported to be 93%, down slightly from 95%.
• - Client Base Growth: The number of employers has surged from 119 to 203, strengthening the company's service offering and attracting a larger client base in sectors like hospitality and food service.

CEO Mike Fu articulated a positive outlook, highlighting the company's integral steps towards building a comprehensive workforce solutions and facilities management platform. He noted that the rising engagement with their tech-enabled solutions underlines the company's growing market presence.

CFO Jason Phua echoed this sentiment, emphasizing the strong revenue and gross profit growth while acknowledging the operating losses that stemmed primarily from non-cash expenses. He expressed confidence in achieving improved operational efficiency and profitability moving forward.

Future Outlook

As YY Group continues to scale its operations and improve efficiency, they anticipate a shift towards profitability that will bolster shareholder value. The leaps made in the first half of 2025 position them favorably for upcoming quarters, with the potential to enhance their service offerings and geographic reach significantly.

In conclusion, YY Group's results underscore their strategic growth trajectory and operational excellence, setting the stage for ongoing success in the dynamic workforce solutions market. Stakeholders can anticipate further advancements as the company harnesses new opportunities for expansion and innovation.

For more information on YY Group, visit their official website here.