KUALA LUMPUR (April 13): Educational materials publisher Sasbadi Holdings Bhd (KL:SASBADI) has secured five contracts from the Ministry of Education to supply textbook packages under the new 2027 school curriculum nationwide, with a total estimated value of RM17.3 million.

Of the total, its wholly-owned unit Sasbadi Sdn Bhd (SSB) secured RM7.47 million to supply Form 1 Geography textbooks and RM3.16 million for Year 1 Mathematics for national-type Chinese schools (SJKC).

Meanwhile, its indirectly wholly-owned subsidiary The Malaya Press Sdn Bhd (TMP) secured RM3.08 million for Year 1 Chinese Language, RM2.23 million for Year 1 Physical Education (both for SJKC) and RM1.28 million for Form 1 Chinese Language.

The contracts are for the period from April 9, 2026, to April 8, 2029, according to its filing with Bursa Malaysia on Monday.

Sasbadi said SSB and TMP are expected to deliver the first tranche of the contracts — valued at approximately RM13.7 million — to schools nationwide starting August 2026.

The contracts are expected to contribute positively to the group’s earnings and net assets for the financial year ending Aug 31, 2026 (FY2026) and throughout the duration of the contracts.

For the first quarter ended Nov 30, 2025 (1QFY2026), Sasbadi’s net profit slipped 1.77% year-on-year to RM5.7 million, as revenue declined 8.07% to RM31.31 million, mainly due to the absence of sales from the Madani Book Voucher programme, which ran from May to December 2024.

Sasbadi’s shares closed half a sen or 3.13% higher at 16.5 sen on Monday, giving it a market capitalisation of RM71.96 million.