KUALA LUMPUR: ICT Zone Asia Bhd, an ACE Market-listed technology financing (TechFin) and ICT solutions provider, recorded a 46.4% jump in revenue to RM187.0 million for the financial year ended January 31, 2026 (FY26), up from RM127.8 million in the previous year.
This marks the group’s first full financial year since its successful transfer to the ACE Market in June 2025.
This growth was primarily anchored by the core TechFin segment, which grew 24.3% to RM94.8 million, and the ICT hardware and software trading segment, which more than doubled its contribution to RM85.3 million, up 111.0% year-on-year.
Revenue from cloud solutions moderated to RM6.6 million due to project timing.
The group’s PATAMI surged 83.1% to RM16.1 million, compared with RM8.8 million in FY25.
While gross profit increased 28.2% to RM35.9 million, the overall gross profit margin eased to 19.2%.
This compression was entirely driven by a change in the revenue mix, as the fast-growing hardware trading segment carries structurally lower margins than the core TechFin business, which continues to command robust, high-yielding profitability.
Reflecting the scale-up of its recurring revenue platform, the group’s EBITDA rose 25.8% year-on-year to RM93.0 million.
ICT Zone managing director and CEO Tommy Lim said the group’s first full year on the ACE Market has been transformative.
“We successfully deployed our IPO proceeds and invested heavily—over RM100 million in capital expenditure—to acquire new ICT assets. In our TechFin model, this capex is our revenue engine; these assets are immediately deployed into long-term lease contracts that generate sticky, recurring cash flows.
“Looking ahead, the IT hardware market is entering a period of meaningful cost inflation, with memory and component shortages expected to push PC prices higher through 2026.
“For many organisations—particularly government agencies and SMEs managing large device fleets—the economics of outright purchase are becoming harder to justify.
“This creates a massive opportunity for our TechFin business, which directly benefits clients by providing a cheaper, flexible alternative. By converting what would be a heavy upfront capital commitment into a managed, subscription-based solution, we help our clients maintain access to modern, AI-ready computing infrastructure without bearing the full weight of rising procurement costs,” he said.
As of January 31, 2026, ICT Zone’s unbilled order book stood at a robust RM293.0 million, up from RM267.2 million just three months prior.
Of this unbilled amount, RM109.8 million is expected to be recognised in FY27, RM86.2 million in FY28, and RM55.5 million in FY29.
Furthermore, combining the RM109.8 million TechFin order book recognition with approximately RM41.6 million in recently secured hardware trading contracts, ICT Zone enters FY27 with roughly RM151.6 million in locked-in revenue.
This effectively secures nearly 80% of the group’s entire FY26 full-year revenue right at the start of the year, providing exceptional earnings visibility.
Rewarding shareholders for the record year, the board has declared a first interim single-tier dividend of 0.20 sen per ordinary share for the financial year ending January 31, 2027, payable on May 4, 2026.