ACE Market-listed technology financing (TechFin) and ICT solutions provider ICT Zone Asia Bhd has sealed a purchase order valued at RM28.1 mil for the leasing of ICT hardware over a 36-month contract period.
The purchase order was awarded to ICT Zone Ventures Bhd, a wholly-owned subsidiary of the group by MRA International Sdn Bhd on June 19.
The contract encompasses the leasing of enterprise hardware – including desktops, laptops, printers and scanners – to MRA International for onward delivery and deployment to a government agency.
The 36-month contract period will commence on a date mutually agreed upon by both parties. The group noted that the scope of this order is strictly limited to hardware leasing and excludes the provision of ICT services.
The purchase order is expected to contribute positively to the ICT Zone’s earnings per share (EPS) and net assets per share (NAPS) throughout the contract duration.
Following this award, the group’s unbilled order book has risen to RM321.1 mil. The award contributes meaningfully to ICT Zone’s revenue in the TechFin segment by providing earnings visibility over a 36-month period.
Moreover, it reflects strong order book replenishment and continued earnings growth momentum.
“This is the kind of business that we wish to target more – recurring, contract-backed and running for several years rather than a single sale,” enthused ICT Zone’s managing director and CEO Tommy Lim Kok Kwang.
‘Fortifying TechFin biz’
“Public-sector and corporate organisations alike are increasingly choosing to subscribe to technology rather than own it outright with that shift sits at the centre of what we do.”
Added Lim: “Our task is to make that transition straightforward for the end-user and to keep drawing value from every device across its full life.”
This latest order fortifies ICT Zone’s recurring TechFin business, the core pillar of the group’s long-term strategy.
As of end-January 2026, the group maintained a robust unbilled order book of RM293.0 mil which is heavily anchored by its Technology Financing segment. This order book is slated to be recognised over a multi-year horizon subject to client deployment schedules.
The TechFin model enables public and private sector entities to access critical enterprise technology through operating expenditure (OPEX) structures rather than large capital expenditure (CAPEX) allocations, thus optimising cash flow and accelerating asset refresh cycles.
Concurrently, ICT Zone is advancing its circular economy strategy by re-marketing and re-leasing refurbished ICT assets after their initial financing lifecycle thereby extending asset utility and improving capital efficiency across a broader customer base.
“Our role extends beyond hardware provisioning given we assist clients in managing technology efficiently across the entire asset lifecycle,” envisages Lim.
“From deployment and financing to recovery, refurbishment and redeployment, our objective is to extract and create long-term value from every device under our management.”
At the close of today’s (June 22) market trading, ICT Zone was unchanged at 17.5 sen with 1.99 million shares traded, thus valuing the company at RM139 mil. – June 22, 2026
