AUTOCOUNT Dotcom Bhd, a developer/distributor of accounting and business software, has unveiled its maiden reporting quarter following its transfer to Bursa Malaysia’s Main Market with a record recurring income which validates its strategic transition towards a subscription-driven SaaS (software as a service) business model
The group’s recurring income for 1Q FY2026 ended March 31, 2026 spiked 35.6% year-on-year (yoy) to RM4.4 mil or 30.4% of total revenue compared to just 12.7% a year ago.
This structural improvement in earnings quality was anchored by a 44.6% yoy jump in SaaS revenue to RM3.4 mil, a reflection of accelerating enterprise adoption of AutoCount’s cloud-native solutions.
Consequently, subscription revenue now accounts for 26.3% of the group’s distribution revenue, up from 9.8% in 1Q FY2025.
At the group level, AutoCount recorded revenue of RM14.47 mil (1Q FY2025: RM25.55 mil); pre-tax profit of RM6.26 mil (1Q FY2025: RM18.03 mil) and net earnings of RM4.86 mil (1Q FY2025: RM13.65 mil).
The yoy moderation was anticipated as the corresponding quarter in FY2025 featured an exceptional RM8.2 mil revenue surge driven by early e-Invoicing adoption.
With e-Invoicing modules now normalising to approximately RM1.3 mil following substantial prior-year adoption, the group’s quarter-on-quarter performance serves as the accurate barometer for its underlying momentum.
Robust balance sheet
Against the immediate preceding quarter (4Q FY2025), AutoCount’s 1Q FY2026 revenue grew 3.7%, while pre-tax profit expanded 22.2% from RM5.1 mil to RM6.26 mil, thus driving pre-tax profit margins up to 43.3% from 36.7%.
“The statutory yoy comparison reflects our on-going efforts to broaden our revenue mix through the development of more SaaS subscription-based offerings,” commented AutoCount’s managing director Y.T. Choo.
“The fact that our recurring revenue surged 35.6% and our deferred revenue expanded to RM12.3 mil proves this transition is accelerating. We ‘ve moved past the initial e-Invoicing surge and established a much stronger, more resilient baseline.”
Added Choo: “Moving forward, we will continue to enhance our SaaS offerings and strengthen recurring revenue contribution over time, while exploring regional expansion opportunities, strategic collaborations and new product development to support long-term growth.”
The group’s balance sheet remains exceptionally robust. AutoCount generated RM7.3 mil in net operating cash flow during the quarter, a reflection of highly efficient cash conversion cycle of 1.5 times net earnings.
Total liquid resources comprising cash, bank balances, short-term deposits and short-term investments expanded to RM56.0 mil while the group remains entirely debt-free.
Operationally, AutoCount continues to broaden its product ecosystem which is supported by higher subscriptions for AutoCount Cloud HRMS.
The growth was mainly driven by increasing SME adoption of cloud-based HR and payroll solutions as businesses shift their focus back to workforce administration digitalisation after prioritising e-Invoicing compliance in the preceding period.
Furthermore, the group continues to execute its regional expansion strategy. Its Singapore operations recorded a 16.3% yoy revenue increase while the Philippines market also registered strong growth, contributing to the higher revenue from other regional markets.
At the close of today’s (May 22) market trading, AutoCount was unchanged at 66 sen with 158,900 shares traded, thus valuing the group at RM363 mil. – May 22, 2026
