iOThree Ltd
io3.sgWhat Do They Do?
Provides maritime satellite connections, shipboard equipment and digital and information technology services to ship managers, shipping companies and maritime fleet operators.
20-F for FY2026, filed Jul 7, 2026We have two operating segments: (i) satellite connectivity solution, and (ii) digitalization and other solutions. In the satellite…View ↗
We provide shipboard infrastructure to our customers by designing and installing the necessary satellite connectivity solution, IT…View ↗
We offer integrated satellite connectivity solution through the provision of satellite connectivity services and the sales and/or lease of…View ↗
We offer JARVISS to our customers as our key digital platform in line with our vision to drive the maritime industry towards…View ↗
Our CustomersView ↗
How Do They Make Money?
Customers pay monthly for satellite connection, JARVISS access and ongoing information technology support; satellite equipment may be bought for an upfront charge or leased monthly, while installation and additional hardware, software and labor are charged separately.
20-F for FY2026, filed Jul 7, 2026In order to provide the satellite connectivity services, we sell and/or lease the necessary satellite network equipment and devices…View ↗
We generate revenue by charging our customers a monthly subscription fee for the JARVISS solution and its peripheral applications.…View ↗
In relation to IT support, coordination and maintenance services, we charge our customers a monthly recurring fee depending on the type of…View ↗
Based on the level of IT support provided, we then charge our customers a monthly recurring fee. In addition, we provide IT services and…View ↗
SubscriptionView ↗
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20-F for FY2026, filed Jul 7, 2026
FY2026 revenue by product or service ↗
$14.7M
-
20-F for FY2026, filed Jul 7, 2026
$14.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription income from satellite connection service
Recurring
20-F for FY2026, filed Jul 7, 2026 |
35%
FY2023: 48%
|
Subscription income from satellite connection service, FY2026
$5.1M Sources
|
Recurring |
|
Sales and lease of satellite network equipment and device
Mix
20-F for FY2026, filed Jul 7, 2026 |
11%
FY2023: 18%
|
Sales and lease of satellite network equipment and device, FY2026
$1.5M Sources
|
Mix |
|
Subscription income from Jarviss
Recurring
20-F for FY2026, filed Jul 7, 2026 |
9.6%
FY2023: 1.1%
|
Subscription income from Jarviss, FY2026
$1.4M Sources
|
Recurring |
|
Revenue from IT support services
Recurring
20-F for FY2026, filed Jul 7, 2026 |
45%
FY2023: 29%
|
Revenue from IT support services, FY2026
$6.6M Sources
|
Recurring |
|
Revenue from shipboard support services
|
0.3%
FY2023: 3.8%
|
Revenue from shipboard support services, FY2026
$36.3K Sources
|
Who Are Their Customers?
Ship managers, offshore and marine transport businesses, shipping companies and maritime fleet providers use its solutions. Sales go mainly to end customers, with a smaller portion of revenue through regional distributors.
Do Revenues Turn Into Profits?
No. It lost $1.2M in FY2026.
20-F for FY2026, filed Jul 7, 2026
−$1.1MView ↗
20-F for FY2026, filed Jul 7, 2026
−$1.2MView ↗
20-F for FY2026, filed Jul 7, 2026
−$2.8MView ↗
How Are They Changing?
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