NEWLY re-branded OpenMove AI Bhd (formerly Rexit Bhd) has posted an 8.88% year-on-year (yoy) rise in its FY2025 ended Dec 31, 2025 revenue to RM33.37 mil from RM30.65 mil in the previous financial year.
Improvement in the top-line performance of the Software-as-a-Service (SaaS) outfit for the insurance, financial services and enterprise sectors was primarily driven by continued demand for the group’s software customisation and recurring digital solutions services.
Reinforcing the resilience of its technology-driven business model, gross profit for the ACE Market-listed counter came in at RM22.06 mil from RM21.80 mil recorded in FY2024.
Nevertheless, both the group’s pre-tax and net profits for the entire financial under review came in lower from FY2024 at RM8.76 mil (FY2024; RM12.16 mil) and RM5.53 mil (FY2024; RM9.79 mil).
The variance in bottom-line performance was mainly attributable to higher administrative expenses, including increased staff costs, marketing investments and impairment losses on trade receivables during the year.
For its individual 4Q FY2025, the group raked in revenue of RM9.05 mil which is 6% higher from RM8.57 mil a year ago while its quarterly net earnings stood at RM648,000 (4Q FY2024: RM1.66 mil).
As of end-December 2025, OpenMove AI maintained a healthy financial position with total assets of RM66.53 mil with shareholders’ equity of RM52.55 mil.
The group’s cash and bank balances, including fixed deposits, stood at RM39.13 mil, thus providing OpenMove AI with strong liquidity to support future growth initiatives.
“FY2025 marked a pivotal transition for the group. While we recorded steady revenue growth, we made deliberate investments in talent, product enhancement and market positioning to strengthen our long-term competitiveness,” commented OpenMove AI’s CEO Gallen Lee Choon Teng.
“These strategic initiatives impacted short-term profitability but are critical in building scalable digital capabilities for the future.”
Lee further described OpenMove AI’s re-branding to in January 2026 as “representing a strategic evolution of our identity and growth ambition”.
“We’re sharpening our focus on AI-enabled digital platforms, automation and intelligent enterprise solutions,” he enthused.
“Supported by a strong balance sheet and recurring revenue base, we’re well-positioned to pursue sustainable, innovation-led expansion.
Looking ahead, the group remains cautious amid on-going geopolitical and macro-economic uncertainties affecting the domestic operating landscape.
Nevertheless, its management remains confident in the long-term growth prospects of digital transformation and artificial intelligence adoption across industries.
At the close of today’s (Marvh 2) mid-day trading, OpenMove AI was down 0.5 sen or 0.76% to 65 sen with 80,000 shares traded, this valuing the company at RM123 mil, – March 2, 2026
