Singapore, December 12, 2025 — iOThree Limited (“iO3” or the “Company”) (Nasdaq: IOTR), a trailblazer in providing digital solutions for the maritime industry, today released the following letter from the Company’s chairman and chief executive officer to its shareholders.
Dear Fellow Shareholders,
The year 2025 has been a landmark year for our company. It was our first year as a listed entity on Nasdaq, a year that has highlighted the robustness of our business model and the tenacity of our team. Amid the ongoing transformation in the maritime and technology sectors, we have achieved solid operational and financial results, fortified our foundations, and advanced our long – term growth plan.
For the fiscal year ending on March 31, 2025, revenue climbed 22.3% to reach US$10.5 million, which reflects both our sales impetus and the well – disciplined implementation across the organization. Gross profit increased to US$1.9 million, supported by the stable delivery of projects, recurring revenues from software and solutions, and continuous cost – effectiveness. For the six – month period ending on September 30, 2025, after our listing, revenue continued its upward trend, rising by 39.6% to US$7.3 million. These results show the fundamental health of our business and the scalability of our platform.
Beyond financial performance, 2025 was characterized by significant progress on multiple strategic fronts. We obtained ISO 9001 and ISO 14001 certifications — a strong confirmation of our dedication to quality, operational excellence, and environmental responsibility. We also finished relocating our headquarters and operational facilities to a larger, purpose – built location, which allows for better integration among teams, improved workflow efficiency, and room for future growth.
Innovation remained at the core of 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 boosts operational efficiency and supports carbon reporting. These milestones enhance our competitive edge as a reliable and forward – thinking technology partner for the global maritime industry.
We also kept expanding our collaborative ecosystem through new partnerships and deployments in various maritime hubs to widen our geographical reach. Other partnerships involve integrating AI – assisted navigation capabilities into our V.Sight platform and also enhancing overall safety and operational efficiency. Each of these partnerships illustrates 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 appealing. Independent research predicts that the industry will grow at a compounded annual rate of 5.6% until 2028, driven by the accelerating digitalization, the increasing number of vessels, and the rising demand for automation and sustainability. In this environment, our proven solutions, growing client base, and strong balance sheet put us in an ideal position to seize further opportunities.
The Asia – Pacific region remains a key growth driver, supported by strong structural demand and digitalization momentum in Taiwan, Singapore, Japan, and Korea. To build on this, we are getting ready to expand our market presence in North Asia, backed by a strong project pipeline spanning the next two years.
Looking ahead, our strategic priorities are straightforward: to deepen our technological capabilities, expand our global footprint, pursue suitable mergers, acquisitions, and alliances, and keep delivering sustainable growth. In line with the planned use of IPO proceeds, we are allocating resources to speed up product innovation, obtain more classification approvals, and strengthen marketing and brand awareness. These investments will improve our long – term competitiveness and reinforce our market leadership.
As we enter 2026, we remain confident in our course. With a resilient business model, a capable and committed team, and a strong balance sheet, we are well – positioned to build on our momentum and deliver lasting value for our shareholders.
On behalf of the leadership team, I sincerely thank our employees for their dedication, our clients and partners for their trust and cooperation, and our shareholders for your continued confidence and support. Together, we will lead 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 set of solutions and services to optimize vessel operations, enhance safety, and improve overall efficiency. Committed to driving digital innovation in the maritime industry, iO3 enables shipowners to adapt to changing market demands and embrace the advantages of advanced technologies. For more information, visit and .
Forward – Looking Statements
Certain statements in this release are forward – looking statements, as defined in 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, whether expressed or implied, in this release are based solely on the information currently available to the Company and are made as of the date of this release. Investors can identify 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. Unless otherwise required by applicable law, the Company disclaims any obligation 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, 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 guarantee that such expectations will be realized, and the Company warns investors that actual results may differ materially from the expected 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 .
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iOThree Limited
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