Skkynet Reports Record-Breaking Q1 2025 Financial Results

31% Revenue Surge and 970% Net Income Increase Highlight Robust Performance.

Mississauga, Ontario, March 18, 2025 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY), a global leader in real-time data communications technology for industrial systems, is pleased to announce its financial results for the first quarter ending January 31, 2025. The company achieved 31% year-over-year revenue growth, with quarterly revenues of $828,052, up from $630,536 for the same period in 2024. Net income experienced a large increase, up by 970% to $229,063, compared to $21,384 in the previous year’s first quarter, resulting in a 28% net margin on sales. This performance has bolstered Skkynet’s cash reserves, resulting in a robust cash position of $1.31 million.

Paul Thomas, President of Skkynet, expressed his enthusiasm, stating, “Our Q1 2025 results are a testament to the dedication of our team and the escalating demand for secure, real-time data communication solutions in the industrial sector. The substantial revenue and net income growth show us that the market is recognizing the value we bring to modern industrial operations.  We expect earnings to grow faster than costs for the foreseeable future.”

Aarif Nakhooda, Senior Advisor for Artificial Intelligence at Skkynet, commented on the Company’s strategic direction, “The integration of artificial intelligence into industrial systems is no longer a future prospect but a present reality. Skkynet’s strong financial performance will enable further investment in AI-driven solutions, positioning it at the forefront of industrial innovation and ensuring that clients are equipped to benefit from cutting-edge technologies.”

Skkynet’s Q1 2025 performance reflects its strategic focus on innovation, customer-centric solutions, and operational excellence.  As sector demand continues to ramp up, the company’s robust sales and integration platform set a strong foundation for accelerating growth and leadership in industrial data communications.