Highlights

  • Half-year revenue to 30 June 2025 fell 21.5% to A$378,627, but the loss before tax narrowed to A$57,703.
  • Cash rose to A$890,191 from A$39,644 at 31 December 2024, and shares on issue passed 1.5 billion.
  • A sale and purchase agreement with Treasure Global on 13 August 2025 covers computing hardware and AI software.
  • The net liability position improved to A$1,094,472 from A$2,484,648 at 31 December 2024, according to the half-year report.

I Synergy Group Limited (ASX:IS3) narrowed its loss and rebuilt its cash in the first half of 2025, while its share count quadrupled. The Malaysia-based digital marketing and technology company reported half-year revenue of A$378,627 for the six months to 30 June 2025 and then signed an AI hardware agreement.

Company Snapshot

I Synergy says it offers affiliate marketing solutions to advertisers and affiliates in the digital marketplace, with activities in e-commerce, blockchain and AI research and development and software development. It operates in Malaysia, Indonesia and Australia, has its principal place of business in Kuala Lumpur and a registered office in West Perth, and reports all half-year revenue from Malaysia.

In 2022, it launched WYDE, a digital marketplace for gig workers, shoppers and merchants. Revenue is mainly from software platform licences of three to ten years, recognised over time. The financial year ends on 31 December.

Half-Year Results

Revenue was A$378,627, down 21.5% from A$482,557. The loss before tax was A$57,703, and operating cash outflow was A$294,551. Cash was A$890,191 against A$39,644 at the end of 2024. Net liabilities improved to A$1,094,472 from A$2,484,648. Deferred revenue was A$779,014.

Shares on issue rose to 1,502,190,324 from 376,217,781 at 31 December 2024. Borrowings at 30 June 2025 included A$400,000 of convertible notes maturing on 22 April 2026 and A$634,813 owed to a director.

Corporate Developments

In February 2025, a director loan of A$395,397 was assigned to non-executive director Dato Hoo Voon Him, and the company referred to a wider board restructuring and corporate review. Two A$100,000 convertible notes converted into shares in July 2025.

On 24 July 2025, the company announced a non-binding memorandum with Treasure Global, a Nasdaq-listed company, followed by a sale and purchase agreement on 13 August 2025 for high-performance computing hardware and AI software. Separately, Beyond Affluence asked to transfer its 30% stake in I Synergy Universal to the group for MYR1.

Outlook and Risks to Watch

Management says its strategy is to focus on maintaining stability rather than aggressive expansion during a tough period. It says it is optimistic about the coming financial year and expects better results in the second half, and it is pursuing further capital raises.

The half-year report discloses a material uncertainty about going concern. Other risks include net liabilities, reliance on director funding, falling and geographically concentrated revenue, competition, fast-changing technology, uncertain research and development outcomes and regulatory, tax and currency risks across three countries. The latest documents reviewed cover the period to 30 June 2025.

Stock Price Information

I Synergy Group shares were unchanged at A$0.14 on 27 October 2026, giving the company a market capitalisation of about A$9.76 million. The stock is down 53.33% over the past year.