ITSEC Asia posts sharp profit surge on cybersecurity growth

ITSEC Asia reported full-year 2025 revenue of IDR 527.1 billion and net profit of IDR 65.4 billion, marking a sharp improvement for the Indonesian cybersecurity group.

Revenue rose 62.1% from IDR 325.1 billion in 2024, while gross profit climbed 141.6% to IDR 284.6 billion. Gross margin widened to 54.0% from 36.2%, and operating profit reached IDR 92.5 billion, compared with an operating loss of IDR 435 million a year earlier.

Net profit increased from IDR 0.8 billion in 2024, while basic earnings per share rose to IDR 9.72 from IDR 0.12. Total equity more than doubled to IDR 256.2 billion, and the gearing ratio improved to 0.20x from 1.13x, pointing to a stronger balance sheet.

The figures underline a turnaround in profitability for a business expanding across enterprise, small business and consumer cybersecurity services in Indonesia. Higher-margin service segments also contributed to the improvement.

AI push

Alongside the financial results, ITSEC Asia highlighted progress in its artificial intelligence-related product and training strategy. It established a new subsidiary, PT ITSEC Cyber Academy, focused on cyber and AI training for government and enterprise clients.

It also launched IntelliBron Aman, a consumer cybersecurity application developed in Indonesia. Through a pre-installation arrangement with Infinix Smartphone, the app passed 100,000 downloads in its first month, according to the company.

For smaller businesses, the IntelliBron Orion platform continued to serve SMEs with threat intelligence and incident response tools. ITSEC Asia is building products across consumer and commercial markets as cyber risk rises and more organisations in Indonesia move online.

Capital expenditure for the year totalled IDR 27.0 billion, directed toward technology infrastructure, intangible asset development and a broader office footprint.

National role

ITSEC Asia also said it had co-initiated the National Cybersecurity Movement, known as Gerakan Keamanan Siber Nasional, with ADIGSI and BSSN. The initiative spans all 38 Indonesian provinces and focuses on issues including critical infrastructure protection, talent development and cyber awareness for SMEs.

The group said this work had strengthened its institutional role in Indonesia and supported its pipeline of government and enterprise engagements. Indonesia has about 65 million SMEs, making the segment a large potential market for cyber services and training.

Outside its home market, Singapore operations made a significant contribution to earnings, generating IDR 182.7 billion in revenue and IDR 76.2 billion in operating income.

Professional Security Services and Managed Security Services also continued to expand, supported by multi-year client relationships in financial services, energy and telecommunications. Those sectors remain among the most exposed to cyber threats and among the largest buyers of outsourced security monitoring and response.

Patrick Rudolf Dannacher, President Director and Chief Executive Officer of ITSEC Asia, set out the company's view of the year in a statement accompanying the results.

"2025 was the year ITSEC Asia proved what it was built to be, Indonesia's cybersecurity company, in the fullest sense. Our profitability soared, we strengthened the balance sheet, launched a consumer product that Indonesians are adopting at scale, co-founded a national cybersecurity movement with the government, and advanced our AI-driven platform capabilities. Our commitment to protecting Indonesia's digital future, and to delivering sustainable value for our shareholders, is unwavering," Dannacher said.

The results suggest the company is moving from a phase of investment and expansion into one of stronger returns. They also show how cybersecurity providers in Southeast Asia are tying growth plans to AI-related products, training and public-sector partnerships as governments and businesses seek local providers.

Dannacher also indicated that management sees more work ahead as the company builds on the latest financial year.

"Our journey is far from over. We are confident in our direction, focused on innovation and collaboration, and committed to making a real impact, both for our business and for the country," he said.