KUALA LUMPUR (May 28): ICT Zone Asia Bhd (KL:ICTZONE), which is set to transfer from the LEAP Market to the ACE Market on June 3, has reported a net profit of RM3.33 million for the first quarter ended April 30, 2025 (1QFY2026).
Revenue for the quarter stood at RM41.62 million, mainly driven by the group’s technology financing (RM21.88 million) and trading of ICT hardware and software (RM17.52 million) segments, ICT Zone said in a filing on Thursday.
There are no comparative figures for the previous year's corresponding quarter as this is the first interim financial statement announced by the company, which provides ICT solutions with financial services, ICT product trading, cloud services and device-as-a-service.
The group’s total unbilled order book for its technology financing segment stood at RM253.42 million with RM5.55 million for cloud solutions.
Looking ahead, ICT Zone expects to benefit from the shift towards operating expenditure-based ICT procurement models and is targeting expanded deployment using proceeds from its RM26.6 million initial public offering with RM21 million earmarked for hardware and software acquisitions.
“The group remains cautiously optimistic about its performance for upcoming quarters, supported by continued demand for subscription-based ICT procurement across both public and private sectors,” it said.
ICT Zone is seeking to raise up to RM26.6 million from the issuance of 154 million new shares, representing 16.72% of its enlarged share capital. Upon transfer to the ACE Market, ICT Zone is projected to have a market capitalisation of RM159 million.