Ramssol Reports Strong Q2 Earnings, Expects Continued Growth in Digital Industry

Ramssol Group Bhd reported higher 2Q earnings with net profit increasing to RM5.72mil from RM4.35mil a year ago. Quarterly revenue grew to RM24.93mil from RM17.31mil, and for the six-month period, net profit surged to RM11.56mil from RM8.53mil, while revenue improved to RM43.05mil. The company expects recurring revenue from professional IT services to grow with the expansion of its project-based revenue.

Ramssol Group Bhd has reported robust financial results for the second quarter of 2025, with net profit increasing to RM5.72 million from RM4.35 million in the same period last year. Quarterly revenue grew to RM24.93 million from RM17.31 million, while the six-month net profit surged to RM11.56 million from RM8.53 million, and revenue improved to RM43.05 million. The company attributed the growth to the expansion of its project-based revenue and the recurring revenue from professional IT services [1].

The company's CEO, Wee Leong Tay, highlighted the positive impact of these services on the financial performance, stating, "The growth in project-based revenue and professional IT services has significantly contributed to our strong financial results. We are confident that this trend will continue as we expand our services and projects" [1].

Ramssol Group Bhd also reported a stable occupancy rate of 91.8% for its portfolio, with the occupancy rate for Singapore at 91.2%, the U.S. at 87.3%, Australia at 93.1%, and the U.K. and Europe at 98.9%. The company's rental reversion rate was positive at 8%, with Singapore at 7.8%, the U.S. at 10.9%, and Australia at 3.5% [1].

The company's debt management remains healthy, with a gearing ratio of 37.4% and a cost of debt of 3.7%. The debt expiry profile is well spread out, with $6.7 billion worth of total debt, and $900 million due for refinancing per annum over the next two to three years [1].

Ramssol Group Bhd has completed several acquisitions and redevelopment projects, including the DHL Logistics Center in Indianapolis, U.S., and the redevelopment of 1 Science Park Drive. The company expects to add $725 million of interim producing assets in Singapore, including 9 Tai Seng Drive data center and 5 Science Park drive business-based property next door [1].

The company's CEO, Wee Leong Tay, expressed confidence in the company's ability to navigate the current economic uncertainty, stating, "We are confident to ride through this period, given our well-diversified portfolio, good tenant base, good operational management, and prudent financial management. We will continue to adapt to the changing market conditions" [1].

Ramssol Group Bhd's strong financial performance and stable occupancy rates indicate a robust position in the market. The company's focus on professional IT services and project-based revenue growth is expected to continue driving its financial success.

References:
[1] https://seekingalpha.com/article/4808464-capitaland-ascendas-reit-acdsf-q2-2025-earnings-call-transcript