This article first appeared in The Edge Malaysia Weekly on August 17, 2026 - August 23, 2026

Digital transformation and human capital management solutions specialist Ramssol Group Bhd (KL:RAMSSOL) makes a strong debut on the winners’ list of The Edge Malaysia Centurion Club Corporate Awards 2026 by taking home two trophies that pay homage to stellar earnings and shareholder returns over three years.

From a net profit of only RM3.8 million in FY2022, Ramssol’s earnings nearly doubled to RM6.3 million in FY2023. From there, net profit more than doubled to RM13.6 million in FY2024 and continued its ascent to reach RM17.7 million in FY2025. The gains worked out to a three-year compound annual growth rate of 33.7% over the awards evaluation period, bagging the company the award for Highest Growth In Profit After Tax Over Three Years in the technology sector.

Ramssol’s share price, which largely skidded from its 45 sen initial public offering price in the year following its debut on the ACE Market in July 2021, began trending higher in July 2022. Ramssol’s adjusted share price rose from 33.5 sen as at March 31, 2023, to 44.5 sen as at March 31, 2024, and 86.5 sen as at March 28, 2025, before easing to 84 sen as at March 31, 2026.

As a result, according to the awards methodology in the evaluation period from March 31, 2023, to March 31, 2026, Ramssol’s three-year adjusted total return was 14.34%, beating peers in its sector to also take home the Highest Return To Shareholders Over Three Years award.

Weighted return on equity (ROE) over three years came to 12.9% as ROE improved from 8.92% in FY2023 to 13.78% in FY2024 and 14% in FY2025, though it fell short of beating peers for a hat-trick this year.

For the first quarter ended March 31, 2026, Ramssol booked a net profit of RM6.5 million, up 11.3% year on year from RM5.84 million in the previous corresponding quarter on the back of a 22.6% y-o-y increase in revenue to RM22.2 million from RM18.1 million, with growth seen in all three core business pillars: PeopleTech, AiTech and AutoTech.

In notes accompanying its quarterly release, Ramssol said it “remains mindful of external risks, including intensified competition from global software-as-a-service providers, foreign exchange volatility, geopolitical uncertainty and varying levels of customer digital maturity across markets”. Ramssol also said “geographical expansion across key Asian markets remains a strategic priority” that allows the group to diversify revenue streams, mitigate concentration risks and deepen its regional footprint.

“Looking ahead, the group will continue to enhance operational efficiency, optimise resource deployment and deliver high-quality, value-driven solutions that support clients on their digital transformation journeys. By maintaining a deliberate balance between innovation and operational discipline, the group is well-positioned to generate sustainable growth and create long-term shareholder value in the evolving Southeast Asian digital economy,” it said.

On June 3, Ramssol announced the proposed acquisition of 60% of INNIO Holdings Sdn Bhd — the holding company of INNIO Group Sdn Bhd and CariJob Holding Sdn Bhd — and 40% of Agensi Pekerjaan INNIO Sdn Bhd (API) for RM14.4 million, satisfied with RM3.6 million cash and 15.428 million new Ramssol shares issued at 70 sen each. The deal comes with a RM3 million profit guarantee for FY2026 and RM5 million for FY2027, which the company said is “underpinned by a healthy RM39.3 million outstanding order book”.

“The acquisitions mark a milestone in Ramssol’s evolution as we accelerate beyond our PeopleTech roots into a fully integrated, technology-driven human capital ecosystem. Over the years, we have built strong capabilities in digital HR solutions, automation, human capital management (HCM), workforce digitalisation and AI-powered technologies. With the addition of INNIO and API into our group, we are now expanding our reach across the entire workforce value chain to include talent sourcing and recruitment to manpower outsourcing using AI-powered workforce analytics,” Ramssol managing director Datuk Wira Cllement Tan said in a statement, also noting the potential of unlocking meaningful cross-selling and monetisation opportunities across the acquirees’ sizeable workforce base.

On July 28, Ramssol’s indirect wholly-owned subsidiary, Rams Fintech Sdn Bhd, signed a two-year agreement with credit reporting agency CTOS Digital Bhd’s (KL:CTOS) wholly-owned unit CTOS Data Systems Sdn Bhd, where the latter will introduce, refer and promote Rams Fintech’s “Pay Day Now” Earned Wage Access programme to employers and clients within its network for a commission. “The parties will also explore complementary strategic and data collaboration opportunities for their mutual benefit,” Ramssol said in its announcement to the stock exchange. No immediate material impact is expected on the net assets, earnings and gearing of the group.

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