Infomina's FY25 earnings fall nearly 36pct, revenue drops nearly 13pct
This was primarily due to lower revenue contribution from its design and delivery of technology infrastructure solutions segment, as well as a RM10 million provision for doubtful debts, Infomina said.
The company's net profit for the financial year ended May 31, 2025 fell 36 per cent to RM21 million from RM33 million a year ago.
Revenue of the technology solutions provider dropped 12.6 per cent to RM196.7 million from RM225 million previously.
For the fourth quarter, Infomina reported RM53.4 million revenue and a net loss of RM3.1 million.
Its chief executive officer cum managing director Yee Chee Meng said the headline profitability in FY25 was affected by a non-cash provision and foreign exchange losses.
Yee said the company recorded improved margins, with revenue just under RM200 million and normalised pre-tax profit of RM40.4 million.
Infomina paid its maiden dividend of 1.2 sen per share, reflecting its strong operating cash flow and sound fundamentals.
"We are encouraged by the positive progress in Japan, where our local team continues to gain traction with key clients.
"We believe Japan has the potential to become Infomina's largest overseas market in the coming years," he said in a statement.
Yee added that contracts across Hong Kong, Thailand and Taiwan continue to support its recurring income base and enhance earnings visibility.
Beyond core mainframe software business, he said the company is making steady progress in developing artificial intelligence capabilities through Infomina AI Sdn Bhd.
The company secured two collaborations recently, which represent important pillars for expansion into fintech, proptech and data services.
He said the traction seen in both API and AI-driven solutions reinforces its confidence in the long-term scalability of this segment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
18 hours ago
- New Straits Times
Bursa opens 0.36pct easier after two-day rally, tracking mixed global cues
KUALA LUMPUR: Bursa Malaysia opened on a low note on Friday after recording gains over two consecutive sessions, tracking the mixed performance of global markets. At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) erased 4.59 points to 1,535.73, after closing at an intra-day high of 1,540.32 yesterday. The index had opened 1.60 points lower at 1,538.66. Turnover stood at 214.97 million shares valued at RM113.71 million. Rakuten Trade Sdn Bhd Head of research Kenny Yee said Wall Street closed mixed as the Dow Jones Industrial Average ended lower due to the sell-off on IBM. "Over in Hong Kong, the Hang Seng Index continued its winning streak to stay within the 25,700 mark as sentiment remains buoyant with the United States (US) looking more forthcoming in negotiations amid the ongoing trade tension, and many are hoping a deal may be agreed between the US and the EU soon. "On the home front, the FBM KLCI displayed another decent performance as it ended at the 1,540 level, possibly from institutional support in view of the upcoming results season," he told Bernama. Yee said that the index is expected to maintain its positive course and trend in the 1,535-1,550 range today. Among the heavyweights, Maybank lost two sen to RM9.61, Tenaga Nasional reduced 18 sen to RM13.76 and CIMB was one sen easier at RM6.69, while IHH Healthcare earned three sen to RM6.68 and Public Bank was flat at RM4.31. As for the active counters, NexG advanced one sen to 52.5 sen, Green Packet added half-a-sen to five sen and Lotte Chemicals was one sen lower at 69.5 sen, while TWL, Pharmaniaga and SFP Tech were unchanged at 2.5 sen, 22 sen and 20 sen, respectively. On the broader index board, the FBM Emas Index erased 30.76 points to 11,520.41, the FBMT 100 Index slid 31.96 points to 11,282.60, and the FBM Emas Shariah Index shed 39.34 points to 11,541.62. The FBM 70 Index was 39.42 points lower at 16,619.45, while the FBM ACE Index added 0.88 of a point to 4,643.39. Sector-wise, the Financial Services Index reduced 10.21 points to 17,495.37 and the Industrial Products and Services Index slipped 0.41 of a point to 157.75, while the Energy Index rose 1.17 points to 739.85 and the Plantation Index inched up 1.02 points to 7,470.98.
New Straits Times
2 days ago
- New Straits Times
Postponing SST expansion would jeopardise fiscal stability, says Anwar
KUALA LUMPUR: Any proposal to defer the expansion of the Sales and Service Tax (SST) would result in the government falling short of its revenue targets, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also Finance Minister, said such a move would negatively impact the government's fiscal position and its ability to meet its responsibilities to the people. "The revision of the sales tax rate and the expansion of the SST scope, which took effect on July 1, is expected to generate additional revenue of RM5 billion over the six months of 2025 and RM10 billion for the full year of 2026," he said in a written parliamentary reply. He was responding to Lim Guan Eng (PH–Bagan), who had asked whether the SST expansion could be postponed until issues related to tariffs and the current economic slowdown are addressed. Lim also requested a breakdown of the additional tax revenue expected, specifically the share borne by citizens versus non-citizens. In reply, Anwar said it was not possible to accurately determine such a breakdown, as the national revenue collection system does not categorise contributions based on the taxpayer's citizenship. He said that the government was acutely aware of public concern over the rising cost of living. "Nonetheless, the government must also ensure that Malaysia's fiscal space remains sustainable, in order to finance its social and development obligations so that the benefits can continue to be channelled to the rakyat. "It is widely acknowledged that taxation is the most crucial source of revenue for any country. However, Malaysia currently has one of the lowest tax-to-GDP ratios in the region, at around 12 per cent, compared to the 15 per cent recommended by the World Bank to ensure the long-term sustainability of economic development," he said. The revised SST rates under Budget 2025 took effect on July 1. According to the Finance Ministry, the measure aims to bolster the country's fiscal position by increasing revenue and broadening the tax base. Under the updated structure, selected non-essential and luxury goods are taxed at rates between five and 10 per cent. Staple items such as sardines, tuna and mackerel (kembung) remain exempt, while premium imported seafood such as salmon, cod and king crab are subject to a five per cent SST. Local fruits are also exempt from the sales tax, whereas imported fruits incur a five per cent rate.
Daily Express
2 days ago
- Daily Express
Bridal shop ordered to refund RM2,850 to customer
Published on: Thursday, July 24, 2025 Published on: Thu, Jul 24, 2025 By: Crystal E Hermenegildus Text Size: Kota Kinabalu: The Consumer Claims Tribunal has ordered a bridal shop to refund RM2,850 to a customer after ruling that the service provider failed to perform any part of its contractual obligations. Tribunal President Salmi Zalinah Abdul Rahim issued the decision following a hearing involving the claimant, Nicole Ooi Wei Shan, and the respondent, Delove Bridal Selection East Malaysia. According to the case facts, on December 31, 2023, the claimant entered into a contract with the respondent for a pre-wedding photography package and paid a deposit of RM3,000. The package was stated to be valid for three years. However, on May 5, 2025, the claimant informed the respondent via WhatsApp that due to personal issues, she and her partner would no longer be proceeding with the wedding photos and requested a refund of the deposit. The same message was also sent in English the following day. Despite the request, the respondent insisted that the deposit was non-refundable, even though none of the agreed services had been provided. The claimant proceeded to file a claim for the full refund amount of RM3,000. In response, the respondent argued that the deposit was part of a binding agreement and that the cancellation was made for personal reasons, not due to any fault on their part. The respondent also filed a counterclaim for RM10,000, citing inconvenience, disruption, and administrative burden caused by the claim. During the hearing, the respondent's staff member, Ivylyana Edin, confirmed that no wedding photographs were taken but said reminders were sent to the claimant via WhatsApp. Salmi, in her ruling, cited Section 17(5) and (6) of the Consumer Protection Act 1999, which allows consumers to cancel a future services contract at the point the cancellation is communicated to the supplier — in this case, via WhatsApp. Under Section 17(2) of the same Act, the Tribunal found the claimant was entitled to a refund after deducting 5 per cent of the full contract price, amounting to RM2,850. The Tribunal rejected the respondent's RM10,000 counterclaim and ordered that the awarded sum be paid to the claimant within 14 days. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
