KUALA LUMPUR (June 22): ICT Zone Asia Bhd (KL:ICTZONE) has secured a RM28.1 million deal to lease information and communications technology (ICT) hardware under a 36-month contract, boosting the company's order book to RM321.1 million.

The contract involves the leasing of enterprise hardware, including desktops, laptops, printers and scanners, to MRA International Sdn Bhd for onward delivery and deployment to a government agency, ICT Zone said in a statement on Monday.

Following the award, the company’s unbilled order book rose from RM293 million as at Jan 31, 2026, to RM321.1 million.

Managing director and chief executive officer Tommy Lim Kok Kwang said the contract reinforces the company’s focus on recurring, contract-backed revenue streams through its technology financing business.

“This is the kind of business we want more of — recurring, contract-backed, and running for several years rather than a single sale. Public-sector and corporate organisations alike are increasingly choosing to subscribe to technology rather than own it outright, and that shift sits at the centre of what we do,” he said.

ICT Zone said its TechFin model allows public and private sector organisations to access enterprise technology through operating expenditure structures instead of large upfront capital expenditure, while supporting asset lifecycle management through refurbishment and redeployment of devices.

The group added that the latest order reflects growing adoption of subscription-based, asset-light procurement models among public and institutional users, while providing earnings visibility over the next three years.

Shares in ICT Zone closed unchanged at 17.5 sen, valuing the company at RM139.2 million. Over the past one year, the stock has gained 6.1%.