Toku (SGX Catalist: TKU), Asia-Pacific’s AI-powered customer experience platform, has posted 13 per cent year-on-year revenue growth for the six months ended 30 June 2026, its first half-year results since listing on the Catalist board of the Singapore Exchange in January.

Revenue rose to US$18.8 million, more than double the 4.7 per cent pace recorded in the first half of 2025. Subscriptions and licensing returned to double-digit growth of 10.4 per cent, against just 0.6 per cent for the whole of FY2025.

Balance sheet turnaround

Toku said positive equity has been restored, the company carries no borrowings, and cash more than doubled to US$4.0 million. Net loss narrowed to US$3.8 million, less than half the level of the second half of 2025.

The order book grew 25 per cent since the company’s IPO offer document to approximately US$29.3 million as at 30 June, with gross margin on new bookings climbing to 89 per cent from 56 per cent in the first half of 2025, and the number of Tier 1 customers more than doubling.

Expansion across markets

Recent developments cited alongside the results include the July 2026 launch of Kawa under the Makimoto initiative, which extends the group’s AI infrastructure for customer experience; continued momentum from its Glovo deployment across four European markets; and a memorandum of understanding signed in June with Middle East-based partner Sestek for Arabic-language AI.

“1H2026 marked an important milestone: our first reporting period as a listed company,” said Thomas Laboulle, Toku’s Founder and Chief Executive Officer. “During the first half of the year, we focused on strengthening the foundations of the business by investing in our commercial capabilities, product platform, AI roadmap and regional presence while completing the capital restructuring outlined in our IPO. We are encouraged that these investments are beginning to translate into stronger commercial momentum.”

Enterprise AI’s ROI gap

The results land against a backdrop of rising AI investment across Asia-Pacific but limited returns conversion: industry research shows four in five regional companies expect AI to remain a top investment priority even in a downturn, yet only 20 per cent have embedded it into operational workflows, and just 5 per cent have established clear, measurable returns. Toku’s growth in subscriptions and bookings suggests one enterprise AI vendor is nonetheless finding commercial traction in that gap.