Azeus’ FY2025 earnings surge 96% to $13.6m

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.

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