IC Group (ICGH) Q2 2025 earnings summary

Executive summary

• Revenue grew 47% year-over-year to $6.5 million in Q2 2025, with strong enterprise momentum and increased annual recurring revenue share.

• Gross profit reached $3.0 million, representing 45% of revenue and a 28% year-over-year increase.

• Annual recurring revenue accounted for 70% of total revenue, enhancing predictability and sustainability.

• Two new agreements valued at up to US$7.8 million were signed for 2025 and 2026, plus a five-year contract extension with a major global technology client.

• All AGM matters were approved, including board elections, auditor reappointment, and amendments to stock option plan and by-laws.

Financial highlights

• Q2 2025 adjusted EBITDA was $0.2 million, remaining steady year-over-year.

• Mobile messaging revenue grew to $3.2 million, up 107% year-over-year.

• Gross margin for Q2 2025 was 45%; segment gross margins ranged from 22% to 70%.

• Net loss narrowed to ($0.6 million) from ($0.9 million) in Q2 2024.

• Annual recurring revenue mix reached 69% of total revenue for the first half of 2025.

Outlook and guidance

• Strategic focus on expanding reach to live audiences and driving recurring revenue through product and capability expansion.

• Emphasis on commercial innovation, including AI and RCS messaging, to support future growth.