IPS Securex Holdings Secures S\$5.8 Million Contract Variation for Integrated Security Solutions

Overview and Key Developments

IPS Securex Holdings Limited (“IPS Securex” or the “Company”) has announced a significant development regarding its ongoing relationship with a government agency in Southeast Asia. The Company’s wholly-owned subsidiary, IPS Securex Pte. Ltd. (“IPSS”), has officially acknowledged the receipt of a variation agreement (“VA”) to an existing letter of acceptance (“LOA”) originally referenced in previous company announcements dated January 2019 and January 2020.

Under the terms of this variation agreement, the government agency has exercised an option for IPSS to undertake the following:

• Enhancement of integrated security solutions — This involves upgrading and improving the current security systems provided by IPS Securex to the agency.
• Maintenance support services for five years — After the full implementation of the enhanced system, IPSS will provide comprehensive maintenance support for a period of five years.
• Additional system support and professional services — This includes any other necessary technical or professional services related to the security solutions.

The total value of this variation agreement is approximately S\$5.8 million. The Company acknowledged receipt of the agreement on 19 November 2025.

Implications for Shareholders

This announcement is highly relevant to shareholders and investors for several reasons:

• Revenue Boost: The S\$5.8 million contract will directly contribute to the Group’s top line, potentially improving overall financial performance and profitability in the coming years.
• Long-Term Income Visibility: With the five-year maintenance support commitment, the agreement provides recurring revenue and strengthens the Company’s cash flow profile.
• Strengthened Relationship with Government Client: The exercise of the option by the Southeast Asian government agency is a strong endorsement of IPS Securex’s expertise and reliability in delivering integrated security solutions, enhancing its reputation in the region.
• Potential Share Price Impact: Securing a multi-million dollar, multi-year government contract is a material development and may have a positive effect on the Company’s share price, given the increased revenue certainty and long-term client engagement.
• No Conflicts of Interest: The Company has clarified that none of the Directors or major shareholders has any personal interest in the deal, other than their shareholding in IPS Securex.

Regulatory and Compliance Notes

The announcement was prepared in compliance with the Singapore Exchange Securities Trading Limited (SGX-ST) Catalist rules and reviewed by the Company’s sponsor, United Overseas Bank Limited (UOB). However, it has not been independently examined or approved by the SGX-ST, which assumes no responsibility for the announcement’s contents.

For further queries, investors may contact the sponsor’s representative, Mr. Lim Hoon Khiat, Senior Director, Equity Capital Markets, at UOB Plaza 1, Singapore.

Conclusion

In summary, this development represents a substantial win for IPS Securex Holdings Limited, reinforcing its position in the Southeast Asian security solutions market and providing certainty of revenue over the next five years. Investors should closely monitor the Company’s subsequent financial announcements for the impact of this contract on future earnings and growth prospects.

Disclaimer: This article is for information purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should perform their own due diligence and consult their professional advisors before making investment decisions.

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