KUALA LUMPUR (March 28): Kronologi Asia Bhd's (KL:KRONO) net profit rose to RM11.47 million in the financial year ended Jan 31, 2025 (FY2025), versus RM8.63 million a year ago. 

In a filing with Bursa Malaysia on Friday, the group said the higher net profit for FY2025 was due to supply chain optimisation and a cost reduction programme, including a reversal of deferred tax liabilities. 

Revenue for the full year increased slightly to RM301.60 million, from RM301.39 million in FY2024. 

"Basic earnings per share (EPS) improved by 32.5% to 1.55 sen, from 1.17 sen previously," it said.

Kronologi Asia said the majority of the revenue continued to be contributed from Singapore, China, and the Philippines, which amounted to RM249.14 million or 82.6% of the total. 

For the fourth quarter ended Jan 31, 2025 (4QFY2025), the company posted a net profit of RM6.34 million, more than tripled the RM2.02 million recorded in 4QFY2024, while revenue slipped to RM89.88 million from RM91.01 million previously.

Meanwhile, in a separate statement, Kronologi Asia said the group maintained a strong balance sheet with a healthy debt ratio of less than 0.3 times, and a comparable adjusted working capital of RM22.46 million as compared to the preceding financial year.

Group executive director and chief executive officer Edmond Tay said the strength of the company’s business model yielded better profitability and EPS improvement due to the retooled operating capital structure and effective execution of various programmes. 

"We experienced a broader-base of customer demand across artificial intelligence data storage and other data-driven workloads with our as-a-service, pay per use and subscription based models that drive adoption rates and give customers the power to leverage their technology infrastructure," he added. 

Tay said these factors fuelled the group's ability and momentum to achieve long-term financial goals and deliver shareholder values, which together will contribute to higher growth and earnings.

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