iCents targets 10%-15% revenue growth over next two years, unveils data centre products and new facility plans

Wednesday 07 Oct 2026

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KUALA LUMPUR (July 17): iCents Group Holdings Bhd (KL:ICENTS), which debuted on the ACE Market on Thursday, is aiming for 10%-15% revenue growth over the next two years, driven by recurring income from retrofit, maintenance, and upgrade services. The company is also developing new products for data centres and plans to open a new facility in Negeri Sembilan in early 2026.

“We are working on new offerings for data centres, and we expect to secure more contracts this year, but most of the recognised revenue will come in 2027,” said managing director Vincent Ong Mum Fei at a press conference following the company’s listing at Bursa Malaysia.

While details on the new products were not disclosed, Ong said the group is focused on aligning its solutions with current market trends and customer needs, especially in high-demand sectors such as data centres, semiconductors and electronics.

The group posted a net profit of RM1.84 million for the third quarter ended March 31, 2025 (3QFY2025). For the nine-month period, its net profit came in at RM6.88 million on the back of revenue of RM62.78 million with large contributions from facility services followed by cleanroom services.

Meanwhile, on capital returns, Ong signalled confidence in its earnings visibility and said the company aims to deliver annual dividend yields of 20% to 25% to its shareholders.

In response to recent export controls on high-performance artificial intelligence chips announced by the Ministry of Investment, Trade and Industry under the Strategic Trade Act 2010, Ong said the group does not foresee any immediate impact on its business, despite serving clients in the semiconductor and electronics industries.

Regarding foreign exchange risks from its expansion into Indonesia, Singapore and eventually Vietnam, iCents said it does not expect major currency fluctuations. Ong noted that while transactions in Vietnam are conducted in US dollars, currency risk remains minimal due to structured pricing rates.

Moving forward, Ong noted that the group remained focused on its core business and niche cleanroom solutions for the next six to 12 months, while continuing to explore opportunities aligned with long-term sector growth trends.

“We are still focused on our core business, which is more on solutions and modern niche offerings to cater to the high demand in the market. We also want to ensure that our products are up to regulations and standards, and up-to-date with new trends in the market,” said Ong.

Edited ByPresenna Nambiar

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