KUALA LUMPUR (July 14): iCents Group Holdings Bhd, which is set to be listed on the ACE Market of Bursa Malaysia on July 17, said its net profit for the third quarter ended March 31, 2025 (3QFY2025) came in at RM1.84 million.
Quarterly revenue was RM18.85 million, the cleanroom and facility services firm’s bourse filing showed on Monday. Of which, the other facility services contributed the bulk of RM13.13 million (69.68%) to its revenue, followed by cleanroom services at RM5.72 million (30.32%).
There are no comparative figures as this is iCents’ first interim financial report ahead of its listing.
For the nine-month period, its net profit came in at RM6.88 million on the back of revenue of RM62.78 million.
On prospects, the company said the growth of Malaysia’s electrical and electronics and pharmaceutical industries is expected to continue to drive the demand for new or expanded cleanroom facilities, creating opportunities for cleanroom operators.
iCents is mainly involved in providing cleanroom services, including engineering, procurement, construction, and testing and commissioning of cleanrooms catering to semiconductor and electronics manufacturing, data centres, pharmaceutical, and life sciences sectors.
Beyond cleanroom services, the company also provides a range of facility services, including machinery and equipment hook-up, supply and installation of heavy-duty ceiling systems, construction works, and maintenance services for various facilities.
The company’s IPO will comprise a public issue of 112.5 million new shares, along with an offer for sale of 30 million existing shares by group managing director Vincent Ong Mum Fei, as well as executive directors Foo Siang Leng and Tan Wei Ying, who are husband and wife.
Based on its initial public offering price (IPO) of 24 sen apiece, the company is expected to raise up to RM34.2 million from the ACE Market.
Funds raised from the IPO will go towards the purchase of new machinery and equipment, as well as for business expansion, which includes establishing a new facility in Negeri Sembilan and opening new offices in Indonesia, Singapore and Sarawak.
The remainder of the funds will be used for product development and for new offerings, along with marketing activities, working capital and listing-related expenses.