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Concorde International Group Reports 11% Year-over-Year Revenue Growth to $6.0 million for H1 of 2025

1. Gross profit rose 30% to $1.9 million in H1 2025. 2. Revenue increased 11% year-over-year to approximately $6.0 million. 3. Company plans to expand into Malaysia, Australia, and North America. 4. Acquisition of Software Risk’s assets enhances technology portfolio. 5. Anticipates strong year-over-year growth in the second half.

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Why Bullish?

CIGL's increased revenue and gross profit indicate a positive growth trajectory, similar to recovery narratives seen in other small-cap tech-enabled firms that turned around during economic uptrends post-COVID.

How important is it?

The significant growth in both gross profit and expansion plans underscores a sound business strategy, enhancing investor confidence.

Why Long Term?

International expansion and technology integration signify longer-term growth potential, reminiscent of companies successfully scaling post-innovation investments.

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Gross profit increased 30% year-over-year to $1.9 million for H1 2025, compared to $1.5 million for the same period last year Gross margin increased 450 basis points to 31.5% for H1 2025, compared to 27.0% for the same period last year SINGAPORE, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Concorde International Group Ltd. (NASDAQ: CIGL) (“Concorde” or the “Company”), an integrated security services provider that combines physical manpower and innovative technology to deliver effective security solutions, today announced financial results and provided a business update for the first half of 2025 (H1 2025) ended June 30, 2025. H1 2025 Financial Highlights Revenue increased by approximately 11%, to approximately $6.0 million for H1 2025, compared to approximately $5.4 million for H1 2024Gross profit increased by approximately 30% to $1.9 million for H1 2025, compared to approximately $1.5 million for H1 2024Gross margin increased 450 basis points to 31.5% for H1 2025, compared to 27.0% for the same period last year Swee Kheng (Alan) Chua, Chairman and Chief Executive Officer of Concorde, commented, “Our first half 2025 results demonstrate the continued strength of our business. Revenue increased approximately 11% year-over-year to $6.0 million, while gross profit grew 30% to $1.9 million. Importantly, gross margin increased by 450 basis points to 31.5%, compared to 27.0% in the prior year period. We anticipate strong year-over-year growth in the second half of the year, driven by our strategy of scaling high-margin recurring revenue through the continued deployment of our i-Guarding services.” “Looking ahead, we plan to expand internationally into Malaysia, Australia, and North America through partnerships with established local providers to address rising labor costs and the growing demand for smart, tech-enabled solutions. Our recent acquisition of Software Risk’s assets further strengthens our technology portfolio with a ready-to-deploy, cloud-based platform that enhances productivity, reduces costs, and streamlines operations for customers. By integrating these capabilities with our core security services, we are confident in our ability to scale recurring revenue, drive operational efficiencies, and deliver long-term value for our business and our shareholders.” Financial Overview Revenue increased approximately 11% to $6.0 million for H1 2025, compared to $5.4 million for H1 2024. Gross profit increased by approximately 30% to $1.9 million for H1 2025, compared to approximately $1.5 million for H1 2024. Operating loss was approximately $2.5 million in H1 2025, compared to operating loss of approximately $83.3 million in H1 2025. Operating loss in H1 2024 was impacted by a one-time, non-cash share-based compensation expense of $83.2 million. As of June 30, 2025, and December 31, 2024, the Company had cash and cash equivalents of approximately $2.4 million and $1.0 million, respectively. About Concorde International Group Ltd Concorde International Group Limited (Nasdaq: CIGL) is a Singapore-based company specializing in integrated security solutions and facilities management services. Established in 1997, the Company is recognized for its bold and disruptive innovation with its integrated monitoring of properties, assets and building service systems under 24/7 surveillance, ensuring complete security and business efficiency. This is done through a suite of smart security solutions called “I-Guarding Solutions”. The first of these solutions is its patented I-Man Facility Sprinter – a revolutionary mobile vehicular platform providing security and facility maintenance services. For more information, please visit: https://www.concordesecurity.com/ Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the registration statement and annual report filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, contact: Investor Relations Contact:Crescendo Communications, LLCDavid Waldman/Natalya RudmanTel: (212) 671-1020 Email: CIGL@crescendo-ir.com CONCORDE INTERNATIONAL GROUP LTD.UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITIONAS AT JUNE 30, 2025 AND DECEMBER 31, 2024    June 30,  December 31,    2025  2024    USD  USD Assets       Non-current assets:       Property and equipment, net   3,986,155   3,720,807 Right-of-use asset, net   488,547   322,332 Intangible assets, net   9,155   9,325 Other financial assets   737,446   393,019 Deferred offering cost   -   449,110 Total non-current assets   5,221,303   4,894,593           Current assets:         Trade and other receivables   6,288,642   3,825,146 Amount due from related parties   517,714   553,184 Cash and cash equivalents   2,361,689   1,000,284 Total current assets   9,168,045   5,378,614 Total assets   14,389,348   10,273,207           Equity and liabilities         Equity         Share capital   222   209 Additional paid in capital   4,473,096   - Merger reserves   2,336,848   2,336,848 Other reserves   83,261,816   83,085,159 (Accumulated Deficit)/Retained Earnings   (86,011,997)  (83,313,648)Equity attributable to equity holders of the parent company   4,059,985   2,108,568 Non-controlling interests   157,012   151,629 Total equity   4,216,997   2,260,197           Liabilities         Non-current liabilities:         Lease liabilities, net of current portion   229,914   170,724 Long-term debt   2,910,059   2,906,113 Deferred tax liabilities   194,157   182,096 Other financial liabilities   -   173,551 Total non-current liabilities   3,334,130   3,432,484           Current liabilities:         Trade and other payables   1,593,071   1,091,188 Amount due to related parties   203,874   216,940 Other financial liabilities   1,786,239   - Tax payable   68,372   60,282 Lease liabilities   101,677   89,438 Current maturities of long-term debt   3,084,988   3,122,678 Total current liabilities   6,838,221   4,580,526 Total liabilities   10,172,351   8,013,010 Total equity and liabilities   14,389,348   10,273,207   COMPREHENSIVE (LOSS)/INCOMEFOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024    2025  2024 Revenue   5,975,909   5,393,844 Cost of revenue (exclusive of depreciation and amortization expenses shown separately below)   (4,091,166)  (3,939,891)    1,884,743   1,453,953           Other income   362,285   206,788 Depreciation and amortization expenses   (133,974)  (153,660)Employee benefit expenses   (1,549,186)  (760,994)Other expenses   (3,072,374)  (605,930)Share-based compensation   -   (83,155,336)Finance costs   (148,956)  (95,085)Loss before tax   (2,657,462)  (83,110,264)Income tax expense   (35,638)  (107,777)Loss for the year   (2,693,100)  (83,218,041)          Other comprehensive loss         Other comprehensive loss that may be reclassified to profit or loss in subsequent periods (net of tax):         Foreign currency translation   176,791   (88,215)Total comprehensive loss for the year, net of tax   (2,516,309)  (83,306,256)          (Loss) /Profit for the year attributable to:         Equity holders of the parent company   (2,698,349)  (83,227,664)Non-controlling interests   5,249   9,623     (2,693,100)  (83,218,041)          Total comprehensive (loss)/income for the year attributable to:         Equity holders of the parent company   (2,521,692)  (83,315,879)Non-controlling interests   5,383   9,623     (2,516,309)  (83,306,256)          Loss per share         Basic   (0.13)  (6.95)Diluted   (0.13)  (6.95)  CONCORDE INTERNATIONAL GROUP LTD.UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024   2025  2024   USD  USD Cash flows from operating activities      Loss before tax  (2,657,462)  (83,110,264)         Adjustments for:        Depreciation of property and equipment  78,851   73,258 Depreciation of right-of-use assets  54,362   34,255 Amortization of intangible assets  762   46,147 Fixed asset written off  5,166   - Interest expense  148,956   95,085 Interest income  (31,220)  (11,027)Share-based compensation  -   83,155,336 Fair value adjustment  1,470,513   - Operating cash flows before movements in working capital  (930,072)  282,790          Change in working capital:        Decrease in trade and other receivables  (2,577,634)  (649,708)Increase in trade and other payables  553,430   50,032 Decrease in amount due to related parties  48,206   (2,943)Cash used in operations  (2,906,070)  (319,829)Income tax paid  (30,823)  - Net cash used in operating activities  (2,936,893)  (319,829)         Cash flows from investing activities        Purchase of property and equipment  (108,013)  (25,397)Proceeds from disposal of property and equipment  -   (85,956)Loan repaid from related parties  -   89,217 Net cash used in investing activities  (108,013)  (22,136)         Cash flows from financing activities        Proceeds from issuance of shares  4,473,109   208 Payment of deferred offering cost  -   (112,257)Proceeds from borrowings  (81,454)  2,435,407 Repayment of borrowings  (132,566)  (331,898)Repayment of lease liabilities  (198,905)  (36,592)Net cash provided by financing activities  4,060,184   1,954,868          Net increase in cash and cash equivalents  1,015,278   1,612,903 Cash and cash equivalents at beginning of year  1,000,284   956,975 Effect of foreign exchange rate changes on cash and cash equivalents  346,127   (299,440)Cash and cash equivalents at end of reporting period  2,361,689   2,270,438          Non-cash investing and financing activities        Fair value measurement of share-based compensation  -   83,155,336 Fair value adjustment for convertible loan and its derivative  1,470,513   - Initial measurement of right-of-use asset and lease liability  201,061   -  

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