ACE Market-listed technology financing (TechFin) and ICT solutions provider ICT Zone Asia Bhd has rolled out stellar financial results for the six-month ended July 31, 2027 period driven by sustained demand across its enterprise and government portfolios.
For its 1H 1/FY2207, the group’s revenue spiked 85.4% year-on-year (yoy) to RM172.25 mil (1H FY1/2026: RM92.9 mil) with its topline growth translated into an 18.9% yoy surge in pre-tax profit to RM11.31 mil (1H FY1/2026: RM9.51 mil) while the group’s net profit edged up 21.9% yoy to RM8.74 mil (1H FY1/2026: RM7.17 mil).
The revenue growth was primarily fuelled by a 154.6% yoy spiral in ICT hardware and software trading revenue to RM115.17 mil.
Meanwhile, the group’s core TechFin segment grew 24.0% yoy to RM54.82 mil while its cloud solutions and services division recorded RM2.13 mil in revenue.
While the higher contribution from the lower-margin trading segment temporarily compressed the blended 1H gross profit margin to 11.55% (from 19.73% in 1H 1/FY2026), TechFin continued to deliver higher profitability and remained the group’s main earnings driver.
Supporting the group’s long-term earnings visibility, ICT Zone’s unbilled order book crossed a major threshold to reach RM313.45 mil as of end-July 2026.
This was 11.7% higher from RM280.66 mil of end-April 2026, indicating that new contract wins are outpacing on-going billings. TechFin contracts comprised RM302.80 mil or 96.6% of the total.
Based on current deployment schedules, the group expects to bill RM62.11 mil during the remainder of its FY1/2027, RM110.13 mil in FY1/2028, RM77.20 mil in FY1/2029 and RM64.01 mil thereafter.
“Our TechFin business which has continued to grow during the quarter has translated into a larger contracted base for the group,” observed ICT Zone Asia’s managing director and CEO Tommy Lim Kok Kwang.
“The surge in our unbilled order book from RM280.7 mil to RM313.5 mil over the past three months gives us greater visibility of increased revenue to be recognised in the coming years.”
Added Lim: “We’ll remain focused on securing quality contracts, maintaining sufficient funding capacity and steadily expanding our recurring TechFin business across both the public and private sectors.”
Elsewhere, the group also continues to execute its circular-economy strategy by re-marketing and leasing refurbished ICT assets once they complete their initial financing lifecycles.
This extends the useful life of the assets and broadens market access to cost-effective technology solutions.
Moving forward, the management maintains a cautiously optimistic outlook for the remainder of its FY1/2027 financial year.
Growth is expected to be supported by the on-going corporate shift from CAPEX to OPEX-based technology procurement, the integration of AI (artificial intelligence)-capable enterprise devices, scheduled hardware refresh cycles and strategic collaborations such as the MDEC Business Digitalisation Initiative.
The ICT Zone’s board has declared an interim single-tier dividend of 0.22 sen/share in respect of the financial year ending Jan 31, 2027.
The dividend will be paid on Nov 3 to shareholders registered in the Record of Depositors at the close of business on Oct 6.
At the close of today’s (Sept 24) market trading, ICT Zone was unchanged at 26.5 sen with 1.12 million shares traded, thus valuing the company at RM211 mil. – Sept 24, 2026
