MAIN Market-listed financial management software developer AutoCount Dotcom Bhd has posted a dip in its 2Q FY2026 revenue and net profit by 41.8% year-on-year (yoy) and 67.2% yoy respectively to RM11.74 mil (2Q FY2025: RM20.17 mil) and RM2.82 mil (1Q FY2025: RM8.61 mil).
For the 1H FY2026 period, the group’s revenue shrunk 42.7% yoy and 65.5% yoy respectively to RM26.21 mil (1H FY2025: RM45.73 mil) and RM7.69 mil (1H FY2025: RM22.27 mil).
This yoy variance was mainly attributable to an exceptionally high demand base in the corresponding period of FY2025 when software upgrades and e-invoicing module adoption surged ahead of regulatory implementation deadlines. Demand for these modules has since normalised.
Concurrently, given the group’s operating cost base – particularly, employee and development expenses – is predominantly fixed, the top-line normalisation resulted in a proportionately larger short-term moderation in profitability.
Beneath the headline normalisation, AutoCount’s core transition strategy is advancing rapidly.
Recurring income comprising Software-as-a-Service (SaaS) subscriptions and technical support rose 34.4% yoy to RM4.60 mil in 2QFY2026, thus bringing recurring income for its 1H FY2026 to RM8.99 mil or 34.2% of total revenue.
Elsewhere, the group’s cloud revenue grew 45.4% to RM3.60 mil during the quarter or 31.7% of total revenue with cumulative cloud revenue for 1H FY2026 amounted to RM6.88 mil or 26.3% of total revenue.
Zero bank borrowings
The results highlight a deliberate and accelerating structural transition toward a high-quality, subscription-based recurring revenue model.
“The yoy comparison reflects the exceptional level of e-invoicing demand recorded in the preceding year,” commented AutoCount’s managing director Y.T. Choo.
“That implementation-driven demand was concentrated within a specific period and has since normalised.”
As it is, the group now focuses on driving digital adoption, expanding its cloud and subscription offerings and converting its broader customer base into long-term, sustainable relationships.
AutoCount’s cloud adoption continues to gain traction across its accounting, payroll and point-of-sale (POS) solutions.
The AutoCount Cloud Payroll which transitioned to a 100% cloud subscription model in FY2023 delivered a 35.6% yoy revenue increase to RM2.23 mil in 2Q FY2026, thus serving as a successful template for the group’s broader product transition.
To support this structural transition, AutoCount maintains a highly robust and unleveraged capital position.
As of end-June 2026, the group operates with zero bank borrowings and holds RM46.09 mil in cash, bank balances and short-term investments.
Contract liabilities which represent revenue billed for services to be recognised over future periods grew 9.9% to RM11.35 mil from end-December 2025.
“With our clean balance sheet, we can fund this transition entirely from our own resources,” enthused Choo.
“We’ll continue to expand our SaaS offerings, strengthen our recurring income and invest in customer acquisition to ensure businesses can manage their financial requirements efficiently within the AutoCount ecosystem.”
At the close of today’s (Aug 24) market trading, AutoCount was down 0.5 sen or 0.85% to 58 sen with 392,700 shares traded, thus valuing the company at RM319 mil. – Aug 24, 2026
