ICT Zone Asia Bhd, Malaysia’s pioneer technology financing (TechFin) outfit, has posted a commendable net profit of RM11.57 mil on the back of RM134.12 mil in revenue for its 9M FY1/2026 ended Oct 31, 2025, both of which have already surpassed the group’s full-year FY1/2025 results.
Underpinned by the sustained growth of its recurring income streams, the group’s adjusted after-tax profit rose to RM12.18 mil after having excluded its one-off listing expenses of RM1.04 mil which was recognised in FY1/2026, highlighting the continued expansion of the group’s recurring TechFin business.
Meanwhile, ICT Zone’s EBITDA (earnings before interest, taxes, depreciation and amortisation) reached RM67.05 mil for the nine-month period, supported by the group’s established subscription-based income model and higher-margin TechFin operations.
Techfin remained the group’s primary earnings driver by having contributed approximately RM68.3 mil in revenue over the nine-month period.
For the individual 3Q FY2026, ICT Zone recorded revenue of RM41.23 mil and a net profit of RM4.4 million or a 14.6% quarter-on-quarter (qoq) increase (2Q FY1/2026: RM3.84 mil) underpinned by stronger contributions from TechFin and lower tax expenses.
As of end-October 2025, the group’s total unbilled order book expanded to RM267.16 mil, largely made up of long-term TechFin contracts.
Of this amount, RM104.75 mil is expected to be recognised in FY1/2027 with the balance to be recognised after FY1/2027, thus supporting the group’s long-term growth trajectory.
“While trading revenue may fluctuate from quarter to quarter, our TechFin continues to deliver more predictable income and healthier margins,” commented ICT Zone’s managing director and CEO Tommy Lim Kok Kwang.
“As organisations prepare for AI (artificial intelligence) 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.”
Added Lim: “Our focus remains on scaling responsibly by deploying capital into long-term contracts, strengthening lifecycle management and positioning the group to benefit from the next phase of AI-driven digital transformation.”
Looking ahead, the group remains cautiously optimistic, supported by the on-going structural shift from CAPEX to OPEX-driven subscription models in both the public and private sectors.
On this note, ICT Zone’s Everything-as-a-Service (XaaS) framework is well-positioned to capture this demand.
Growth momentum is further 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.
At 11.40am, ICT Zone was down 0.5 sen or 2.94% to 16.5 sen with 140,400 shares traded, thus valuing the company at RM131 mil. – Dec 19, 2025
