Technology financing solutions provider ICT Zone Asia Bhd recorded a full-year revenue growth of 11.7% or RM13.3 million to RM127.8 million for the financial year ended Jan 31, 2025 (FY25), compared to RM114.4 million in FY24.
The company achieved a record profit after tax (PAT) of RM9.1 million for FY25, driven by growth in technology financing revenue and higher margins. This resulted in an increase in PAT margin from 6.5% to 7.2%, fuelled by the extension of expired rental contracts, and new contracts secured under the technology financing segment.
The company is also experiencing an impressive 53.4% growth in EBITDA, rising from RM48.2 million to RM73.9 million compared to the previous year, with the EBITDA margin increasing to 57.8% compared to 42.1% in the previous year.
“As of Jan 31, 2025, our unbilled order book in technology financing and cloud solutions reached RM261.2 million, set to be deployed over five years.
“We’re targeting RM500 million in unbilled orders within three years of transferring to the ACE Market,” ICT Zone Asia Managing Director and Chief Executive Officer Tommy Lim Kok Kwang said in a statement.
For the half year ended Jan 31, 2025 (2H25), the company reported an increase in revenue of 25% to RM70.1 million compared to RM56.1 million in 2H24.
The increase in the company’s revenue was mainly attributable to the increase in the technology financing segment and trading segments, driven by the extension of expired rental contracts and additional contracts secured during the current financial period.
Despite the higher revenue recorded, the company posted a lower PAT of RM4.6 million compared to RM5.7 million in 2H24.
The decrease in the company’s PAT was mainly attributed to an increase in finance cost and staff costs with additional headcount to support the company’s business expansion and one-off expenses relating to the proposals and tax expenses.
