Concorde International Group reports stable revenues and successful IPO in 2024.

From GlobeNewswire: 2025-05-16 08:00:00

Concorde International Group Ltd reported stable revenues of $10.5 million for the year ended December 31, 2024, with a gross profit increase of 20.8% to $3.6 million. The company completed an IPO on April 22, 2025, raising gross proceeds of $5.75 million and commenced trading on the Nasdaq Capital Market.

Chairman Swee (Alan) Kheng Chua highlighted the successful IPO as a transformative milestone, providing capital for growth. Concorde’s integrated security services combine skilled manpower with patented technologies, including I-Guarding Services. The company aims for strong year-over-year growth, focusing on high-margin recurring revenue and international expansion to Malaysia, Australia, and North America.

In 2024, Concorde’s revenue remained stable at $10.5 million, while operating loss was $83.6 million due to a one-time share-based compensation expense. The company had cash and cash equivalents of approximately $1.0 million as of December 31, 2024. The IPO in April 2025 raised gross proceeds of $5.75 million.

Concorde International Group Ltd, a Singapore-based company, specializes in integrated security solutions and facilities management services. Established in 1997, the company has transitioned to a technology-driven approach, deploying systems like CCTV and mobile command vehicles for operational efficiency.

Financial statements show a loss of $83.6 million in 2024, compared to a profit in 2023. Cash flow operations indicate a net decrease in cash and cash equivalents of $72,658, with cash and cash equivalents at $1.0 million as of December 31, 2024. The IPO proceeds and financial strategies position the company for growth and innovation.



Read more at GlobeNewswire:: Concorde International Group Reports Full-Year 2024