MM Computer Systems Bhd (MMCS) recorded a profit after tax (PAT) of RM3.03 million for the first quarter ended March 31, 2026 (1QFY26), as the enterprise IT solutions provider prepares for its ACE Market listing on June 11, 2026.
The group posted revenue of RM29.82 million for the quarter, supported by strong contributions from its core IT infrastructure, networking and cybersecurity solutions segments, alongside recurring maintenance and outsourcing services.
Gross profit came in at RM6.08 million, representing a margin of 20.38%, while PAT margin stood at 10.16%. The group also generated RM3.73 million in operating cash flow during the period.
Managing Director and CEO Young Yoong Chang said the performance reflected the resilience of MMCS’ project-based enterprise IT business, which remains anchored by demand from government-linked corporations and enterprises.
“The IPO proceeds will strengthen our project execution capacity, support the expansion of our technical workforce and enhance our ability to serve increasingly complex IT infrastructure and cybersecurity requirements,” he said.
The design, implementation and configuration of IT solutions segment remained the largest revenue driver at RM18.13 million, or 60.80% of total revenue, supported by ongoing GLC-related infrastructure and cybersecurity projects.
IT outsourcing services contributed RM8.90 million, or 29.85%, largely from maintenance work for servers and data backup systems. Hardware and software sales generated RM2.36 million, while leasing activities added RM0.43 million.
MMCS is set to raise RM26.18 million from its IPO, with proceeds earmarked for project expansion, procurement of IT equipment, workforce growth, capability development and partial debt repayment.
The company noted that demand for enterprise IT infrastructure and cybersecurity solutions remains robust, underpinned by accelerating digitalisation, cloud adoption and rising security requirements, with industry growth projected at up to 18.5% annually through 2028.
