AS Malaysian businesses, government-linked companies (GLCs) and large enterprises continue to digitalise, the need for secure and reliable IT infrastructure is becoming more important than ever.
This is the space where MM Computer Systems Bhd (MMCS) which is en route to an ACE Market listing on June 11 has built its business around.
An enterprise IT solutions provider operating through its wholly-owned subsidiaries Micro Technology Solution Sdn Bhd (MTS) and SMIND Sdn Bhd, the group provides IT infrastructure and networking solutions, cybersecurity solutions, IT outsourcing as well as maintenance and technical support services to customers across Malaysia.
For its managing director and CEO Macken Young, the group’s role goes beyond supplying IT products.
“Our business is not only about selling hardware or software. We design, implement, secure and support IT systems that our customers depend on every day,” he told FocusM ahead of MMCS’ ACE Market debut.
“Many of our customers operate in mission-critical environments. They need their systems to be stable, secure and available. This is where service quality and technical support become very important.”
Dominant GLC clientele
A key part of MMCS’s positioning is that it is not a pure hardware re-seller. The group combines project-based IT implementation with recurring income from maintenance, technical support and IT outsourcing services.
Its design, implementation and configuration segment includes enterprise IT infrastructure, networking, cybersecurity and cloud-related solutions. These may involve servers, storage, firewalls, end-point protection, back-up systems and network architecture.
After implementation, MMCS can continue supporting customers through maintenance contracts, resident engineers, helpdesk support and technical services.
MMCS posted revenue of RM98.68 mil for its FYE2025 ended Dec 31, 2025 or a 33.88% year-on-year (yoy) spike (FYE204: RM73.71 mil) while its bet earnings firmed 16.46% yoy to RM10.12 mil and its gross profit stood at RM21.00 mil.
In FYE2025, the design, implementation and configuration segment contributed RM49.19 mil or 49.85% of revenue followed by IT outsourcing which contributed RM30.78 mil or 31.19%.
Together, these two core segments accounted for more than 80% of MMCS’ revenue, thus enabling the group to build a business base around solutions and services.
The beauty of MMCS’ business is that it serves GLCs, enterprises, corporations and resellers with GLCs having contributed 49.76% of the group’s revenue in FYE2025, thus reflecting MMCS’s strong position within Malaysia’s enterprise and GLC ecosystem.
As of end-December 2025, the has served 15 GLCs with seven being repeat customers during the financial years under review.
Ample credentials
According to Young, large customers inevitably have more complex IT needs.
“GLCs and large enterprises have strict requirements. They look at track record, technical capability, certifications, financial strength and service quality. On our part, we’ve built our relationships by meeting these requirements over time,” he asserted.
Herein, MMCS holds several important registrations and certifications, including the MOF supplier registration, CIDB Grade 7 registration, ISO 9001:2015 accreditation and a Cyber Security Service Provider Licence from NACSA for managed security operation centre monitoring services.
These credentials support the group’s ability to participate in larger and more regulated IT opportunities.
As of April 13 which is the latest practicable date stated in its prospectus, MMCS had 105 on-going projects and multi-year support contracts with total unrecognised revenue of RM80.83 million.
The group had also submitted seven tenders with an aggregate estimated tender sum of RM127.13 mil which remained under evaluation.
For investors, this provides visibility into the group’s on-going delivery pipeline although tender outcomes remain subject to customer evaluation and market competition.
MMCS’ initial public offering exercise (IPO) is expected to raise RM26.18 mil from the public issue based on the IPO price of 22 sen/share.
Meeting broad-based IT needs
Of this, RM16.93 mil will be used for procurement of IT hardware and software, mainly to support project execution while another RM3.10 mil will be used for workforce expansion and capability development, including recruitment and training.
The balance will be used for partial repayment of bank borrowing and listing expenses.
As Young puts it, MMCS’ entire IPO proceeds are closely tied to the group’s operating needs.
“In our business, larger projects require upfront procurement and strong technical resources,” he justified. “The IPO will help strengthen our working capital, expand our technical team and improve our ability to take on larger projects.”
According to the Independent Market Research report in MMCS’ prospectus, Malaysia’s IT infrastructure and networking solutions industry is forecast to grow at a compound annual growth rate (CAGR) of 18.5% between 2026 and 2028.
Cloud services are expected to grow at a CAGR of 20.0% while cybersecurity solutions are forecast to grow at 15.9% over the same period.
In this regard, Young believes digitalisation, cloud adoption and cybersecurity requirements will continue to support demand.
“Customers are modernising their IT environments. Some are moving into cloud. Some are strengthening cybersecurity. Some are preparing their infrastructure for AI-related workloads. We want MMCS to be a trusted partner in this process,” he insisted.
Upon listing, MMCS will have an enlarged issued share capital of 567.00 million shares and a market capitalisation of approximately RM124.74 mil based on its IPO price.
Based on the group’s FYE2025 net earnings, the IPO price implies a price-to-earnings multiple of approximately 12.29 times.
As MMCS moves towards its Bursa debut, Young contended that the key focus remains centred n execution.
“Listing is a new chapter for us. We’ll continue to serve our customers well, strengthen our capabilities and build MMCS for the long term,” he envisages.
Applications for MMCS’s IPO close at 5pm today (May 25) while its eventual ACE Market listing is slated for June 11. – May 25, 2026
Main image credit: trendtitan.analysis/Threads
