Infomina Berhad (Infomina) announced its fourth quarter financial results for the three months ended 31 May 2023 (“4QFY2023”).
During the quarter under review, the regional technology solutions provider recorded revenue of RM57.5 million and a profit before tax (PBT) of RM10.4 million.
Revenue for the quarter was mainly contributed by the Infomina’s technology infrastructure operations, maintenance, and support services segment which made up RM42.1 million or 73.3% of total revenue.
This segment mainly consists of revenue recognised from contracts for the provision of technology infrastructure solutions for financial services institutions in the Philippines and Thailand, the group said in a note today (July 31).
During the current financial year ended 31 May 2023 (FY2023), the Group recorded revenue of RM251.3 million and a PBT of RM49.4 million.
Revenue for FY2023 was mainly attributed to the Group’s technology infrastructure operations, maintenance, and support services segment which contributed RM186.7 million or 74.3% of total revenue. This segment mainly consists of revenue recognised from contracts for the provision of technology infrastructure solutions for financial services institutions in the Group’s key markets (Thailand and Philippines) and the region.
As at 31 May 2023, the Group’s balance sheet remained robust, sporting a net cash position of RM79.8 million whilst the current ratio stood at an impressive 1.6x. Total debt amounted to a minimal RM3.3 million against shareholders’ funds of RM114.3 million.
Infomina Managing Director Yee Chee Meng said, “This is a record performance for both revenue and profitability for Infomina. Revenue for the FY2023 came in at above RM250 million whilst we delivered a PBT of close to RM50 million. More astoundingly, this translates into a growth of more than 100% from FY2022.”
“The significant growth was possible due to an increasingly strong performance from our technology infrastructure operations, maintenance, and support services segment as we carried out key contracts in the Philippines and Thailand.”
“FY2023 has truly been an eventful year for the Group, we completed our IPO on the ACE Market of Bursa Malaysia, our overseas markets such as Philippines and Thailand flourished, we won our maiden contract in Indonesia, we continued to grow our orderbook and also delivered record earnings.”
“Looking ahead, our performance will be driven by an outstanding orderbook of approximately RM450 million comprising of a well-diversified portfolio of over 60 active clients across multiple industries and geographical locations including Malaysia, Singapore, Thailand, Philippines, Indonesia, Hong Kong, China and Taiwan.”
He added, “Not resting on our laurels, we will continue to execute our strategy of pursuing contracts in Malaysia and our key overseas markets as we target to grow our orderbook further.”
