PETALING JAYA: Technology financing solutions provider ICT Zone Asia Bhd
recorded a profit after tax of RM9.1mil for the financial year ended Jan 31, 2025, driven by growth in technology financing revenue and higher margins.
This resulted in an increase in profit after tax margin from 6.5% to 7.2%, fueled by the extension of expired rental contracts, and new contracts secured under the technology financing segment.
In a statement, the ACE Market-bound company said full-year revenue grew 11.7% or RM13.3mil during the year, increasing from RM114.4mil to RM127.8mil.
“As of Jan 31, 2025, our unbilled order book in technology financing and cloud solutions reached RM261.2mil, set to be deployed over five years. “We're targeting RM500 million in unbilled orders within three years of transferring to the Ace Market,” said ICT Zone Asia managing director and chief executive officer Tommy Lim Kok Kwang.
In a bourse filing, ICT Zone Asia highlighted a one-off expense related to its proposed transfer from the LEAP Market to the ACE Market of Bursa Malaysia.
Excluding this expense, the company recorded an adjusted profit after tax of RM10.6mil for the full year, resulting in a significant improvement in return-on-equity to 16.3%, up from 14.3% last year.
