MM Computer Systems Bhd (MMCS), an established Malaysian enterprise IT solutions provider en route to list on the ACE Market of Bursa Malaysia on June 11 has raked in revenue of RM29.82 mil for its 1Q FY2026 ended March 31, 2026.
The group generated a gross profit of RM6.08 mil during the period under review which translated into a gross profit margin of 20.38%. Its pre-tax profit came in at RM3.93 mil while its net profit stood at RM3.03 mil.
“Our 1Q results reflect the strength of our core enterprise IT solutions business which is driven by project-based IT infrastructure, networking and cybersecurity solutions,” commented MMCS’ managing director and CEO Macken Young Yoong Chang.
“They’re complemented by recurring maintenance, technical support and IT outsourcing services.”
The group is encouraged that its two core segments accounted for more than 90% of revenue during the quarter, thus underscoring the resilience of its business model as well as sustained demand for its services.
“The IPO (initial public offering) proceeds will strengthen our project execution capacity, support the expansion of our technical workforce and enhance our ability to serve GLCs (government-linked companies) and enterprises with increasingly complex IT infrastructure and cybersecurity requirements.
“As we approach our listing, our focus remains on disciplined execution, service quality and building MMCS as a resilient enterprise IT solutions provider over long term,” added Young.
‘Sustainable GLC-powered revenue’
MMCS’ 1Q FY2026 performance was mainly driven by the design, implementation and configuration of IT solutions segment which contributed RM18.13 mil or 60.80% of the group’s total revenue.
This was supported by existing projects in relation to the provision of IT infrastructure, networking and cybersecurity solutions for GLCs IT infrastructure as well as new and/or existing cybersecurity projects secured through reseller channels.
The provision of IT outsourcing services contributed RM8.90 mil or 29.85% of the group’s total revenue which were derived mainly from the provision of maintenance services to a GLC in respect of servers and data backup systems.
The sales of IT hardware and software generated a revenue of RM2.36 mil while the leasing of IT hardware and software contributed RM0.43 mil to the group’s revenue. These segments accounted for 7.91% and 1.44%, respectively of the group’s total revenue.
Additionally, the group also generated a healthy cash inflow from operating activities of RM3.73 mil during the quarter.
MMCS’ public issue is expected to raise gross proceeds of RM26.18 mil. The IPO proceeds will primarily support the expansion of the group’s project execution capabilities, including procurement of IT hardware and software, workforce expansion, capability development and partial repayment of bank borrowings.
The group believes its business continues to be supported by rapid technological advancements, increasing enterprise digitalisation initiatives, growing adoption of cloud computing, data-driven AI applications as well as heightened cybersecurity requirements across GLCs, enterprises and corporations.
Both Malaysia’s IT infrastructure and networking solutions industry as well as the cybersecurity solutions industry are forecast to grow at a compound annual growth rate (CAGR) of 18.5% and 15.9% respectively between 2026 and 2028. – June 9, 2026
