How InFocus’s $3.25M iGaming Deal Could Transform Its Growth Trajectory
InFocus Group Holdings has secured a major $3.25 million contract to develop an advanced iGaming platform, while expanding its footprint with Chubb Life Assurance Thailand and other Southeast Asian clients.
- USD 3.25 million iGaming platform development contract
- Expanded engagement with Chubb Life Assurance Pcl Thailand
- Integrated operational leadership with Chakrit Wichian overseeing Onify and Prodigy9
- AUD 1.17 million cash receipts in Q4 FY2025
- Ongoing R&D investment of AUD 0.948 million in frontier technologies
InFocus Accelerates Growth with Strategic Contracts
InFocus Group Holdings Limited (ASX, IFG) has reported a strong finish to FY2025, highlighted by a significant USD 3.25 million contract to develop a cutting-edge iGaming platform. This deal positions InFocus at the forefront of frontier technologies, integrating artificial intelligence, blockchain, and cryptocurrency payments into a comprehensive gaming ecosystem.
The platform will feature tokenised loyalty systems, AI-driven player analytics, and blockchain-verified fair play mechanisms, reflecting the company's commitment to innovation in digital assets and fintech. This contract marks a pivotal expansion into the lucrative iGaming sector, with potential for scalable white-label distribution.
Strengthening Regional Presence and Client Base
Alongside the iGaming project, InFocus has deepened its relationship with Chubb Life Assurance Pcl Thailand, part of the global insurer Chubb Limited. The company also secured multiple contracts with Southeast Asian corporates, delivering AI chatbots and automation solutions tailored to enterprise needs.
This growth is underpinned by a collaborative operational model uniting InFocus’s business units; Onify, Prodigy9, and InFocus Analytics; allowing seamless delivery of software engineering, data analytics, and platform development services. The consolidation of leadership under Chakrit Wichian, who now leads both Onify and Prodigy9, is expected to accelerate expansion efforts in the region.
Financial Performance and Investment in Innovation
Financially, InFocus reported AUD 1.17 million in cash receipts for Q4 FY2025, contributing to AUD 3.69 million for the full year. Despite an operating cash outflow of AUD 0.49 million, the company continues to invest strategically in research and development, with nearly AUD 0.95 million spent on projects enhancing data processing, algorithmic intelligence, and cloud-based solutions.
Cash reserves stood at AUD 0.582 million at quarter-end, supplemented by available financing facilities including convertible notes and director loans. Management changes included CEO Ken Tovich becoming an Executive Director, while former Managing Director Kenny Woo stepped down, signaling a new leadership phase.
Looking Ahead
With revenues from recent contract wins expected to materialize through the remainder of 2025, InFocus is laying a robust foundation for sustained growth in frontier technologies and enterprise consulting. The company’s strategic focus on Southeast Asia, combined with its integrated service delivery model, positions it well to capitalize on emerging digital transformation trends.
Bottom Line?
InFocus’s latest contracts and leadership consolidation set the stage for growth, but cash runway and revenue recognition remain key watchpoints.
Questions in the middle?
- When will revenues from the USD 3.25 million iGaming contract begin to impact the financials?
- How will the integration of Onify and Prodigy9 under Chakrit Wichian influence operational efficiency and client acquisition?
- What are the implications of the convertible note facility amendments on InFocus’s capital structure?