KUALA LUMPUR: Main Market-listed financial management software developer AutoCount Dotcom Bhd recorded revenue of RM11.74 million and profit before tax (PBT) of RM3.74 million for Q2 ended June 30, 2026 (FY26).
For 1H FY26, the group posted revenue of RM26.21 million, with PBT of RM10.00 million and PAT of RM7.69 million.
Compared with Q2 FY25, revenue decreased by 41.8% in Q2 FY26, while PBT and PAT moderated by 68.7% and 67.2%, respectively.
For 1H FY26, revenue decreased by 42.7%, with PBT and PAT declining by 66.7% and 65.5%, respectively.
This year-on-year variance was mainly attributable to an exceptionally high demand base in the corresponding period of FY25, when software upgrades and e-Invoicing module adoption surged ahead of regulatory implementation deadlines.
Demand for these modules has since normalised.
Concurrently, because the group’s operating cost base—particularly employee and development expenses—is predominantly fixed, top-line normalisation led to a proportionately larger short-term moderation in profitability.
Beneath the headline normalisation, AutoCount’s core transition strategy is advancing rapidly.
Recurring income, comprising Software-as-a-Service (SaaS) subscriptions and technical support, rose 34.4% year-on-year to RM4.60 million in Q2 FY26, bringing recurring income for 1H FY26 to RM8.99 million, representing 34.2% of total revenue.
Cloud revenue grew 45.4% to RM3.60 million during the quarter, representing 31.7% of total revenue, with cumulative cloud revenue for 1H FY26 amounting to RM6.88 million, representing 26.3% of total revenue.
The results highlight a deliberate and accelerating structural transition toward a high-quality, subscription-based recurring revenue model.
Managing director YT Choo said the year-on-year comparison reflects the exceptional level of e-Invoicing demand recorded in the preceding year.
“That implementation-driven demand was concentrated within a specific period and has since normalised.
“Our focus is now on driving digital adoption, expanding our cloud and subscription offerings, and converting our broader customer base into long-term, sustainable relationships,” he said.
The group’s cloud adoption continues to gain traction across its accounting, payroll, and point-of-sale solutions.
AutoCount Cloud Payroll, which transitioned to a 100% cloud subscription model in FY23, delivered a 35.6% year-on-year revenue increase to RM2.23 million in Q2 FY26, serving as a successful template for the group’s broader product transition.
To support this structural transition, AutoCount maintains a robust, unleveraged capital position.
As at June 30, 2026, the group operates with zero bank borrowings and holds RM46.09 million in cash, bank balances, and short-term investments.
Contract liabilities, representing revenue billed for services to be recognised over future periods, grew 9.9% to RM11.35 million compared to Dec 31, 2025.
“With our clean balance sheet, we can fund this transition entirely from our own resources.
“We will continue to expand our SaaS offerings, strengthen our recurring income, and invest in customer acquisition to ensure businesses can manage their financial requirements efficiently within the AutoCount ecosystem,” Choo said.
