KUALA LUMPUR: ICT Zone Asia Bhd, Malaysia’s pioneer in technology financing (techfin) solutions, posted a net profit of RM4.40 million for the third quarter (Q3) ended October 31, 2025 (FY26), underpinned by the sustained growth of its recurring income streams.
Group revenue stood at RM41.23 million. Stronger contributions from techfin and lower tax expenses underpinned the performance.
As of October 31, 2025, the group’s total unbilled order book stood at RM267.16 million, essentially comprising long-term techfin contracts.
Of this amount, RM104.75 million is expected to be recognised in FY27, with the balance recognised after FY27, thereby supporting the group’s long-term growth trajectory.
For the nine-month (9M) period of FY26, ICT Zone recorded revenue of RM134.12 million and net profit of RM11.14 million, both of which have already surpassed the group’s full-year FY25 results.
Excluding one-off listing expenses of RM1.04 million recognised in FY26, adjusted net profit increased to RM12.18 million, highlighting the continued expansion of the group’s recurring techfin business.
EBITDA reached RM67.05 million for 9M, supported by the group’s established subscription-based income model and higher-margin techfin operations.
Techfin remained the group’s primary earnings driver, contributing approximately RM68.3 million in revenue over the 9M period.
ICT Zone managing director and CEO Tommy Lim Kok Kwang said the company’s Q3 performance reflects the strength of its recurring techfin model.
“While trading revenue may fluctuate from quarter to quarter, our techfin continues to deliver more predictable income and healthier margins.
“As organisations prepare for AI adoption and infrastructure refresh cycles, we are seeing growing demand for AI-capable, subscription-based ICT solutions.
“This is clearly reflected in our expanding order book, which provides strong multi-year earnings visibility and supports the sustainability of our growth trajectory.
“Our focus remains on scaling responsibly—deploying capital into long-term contracts, strengthening lifecycle management, and positioning the Group to benefit from the next phase of AI-driven digital transformation,” he said in a statement.
Looking ahead, the group remains cautiously optimistic, supported by the ongoing structural shift from capital expenditure to operational expenditure-driven subscription models in both the public and private sectors.
ICT Zone’s ‘Everything-as-a-Service’ (XaaS) framework is well-positioned to capture this demand.
Growth momentum is expected to accelerate following the end-of-support for Windows 10 in October 2025 and the rise of AI-capable devices, both of which are driving urgent infrastructure refresh cycles.
