KUALA LUMPUR: RedPlanet Bhd, an enterprise ICT solutions provider specialising in geospatial solutions and intelligent rail solutions, reported its financial results for the fourth quarter and financial year ended June 30, 2026 (FY26), ahead of its transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Bhd today.
For FY26, the group recorded revenue of RM40.72 million, an increase of 22.3% from RM33.3 million in the financial year ended June 30, 2025 (FY25). Excluding non-recurring listing expenses of RM0.98 million incurred in conjunction with its initial public offering (IPO) and transfer listing exercise, the group’s adjusted profit after tax (PAT) grew 35.1% to RM7.31 million, from an adjusted PAT of RM5.41 million in FY25.
The group’s revenue for FY26 was contributed by RM18.4 million from geospatial solutions, representing 45.1% of total revenue, which remained the group’s largest revenue contributor; RM11.6 million from intelligent rail solutions, representing 28.4% of total revenue; and RM10.8 million from the trading of ICT solutions and ancillary hardware, representing 26.5% of total revenue.
In a statement, the company said Malaysia accounted for 87% of the group’s revenue, with the balance derived from customers across Asia, Oceania, North America, Europe, South America and Africa.
On a reported basis, PAT rose 21.3% to RM6.33 million from RM5.22 million in FY25, while pro forma basic earnings per share (EPS), calculated based on the enlarged issued share capital of 410,650,542 shares upon completion of the IPO, increased to 1.54 sen from 1.26 sen.
For the fourth quarter ended June 30, 2026 (Q4 FY26), the group recorded revenue of RM7.55 million, of which geospatial solutions contributed RM4.7 million and intelligent rail solutions RM2.8 million.
PAT for the quarter stood at RM1.36 million, representing a PAT margin of 18%. Excluding listing expenses incurred during the quarter, the group recorded an adjusted PAT of RM1.57 million.
As this is the group’s first interim financial report announced under the ACE Market Listing Requirements, there are no comparative figures for the preceding year’s corresponding quarter.
The group said its financial position remained healthy as at June 30, 2026, with cash and bank balances and fixed deposits totalling RM13.8 million against total borrowings of RM5.2 million. Net cash generated from operating activities more than doubled to RM9.5 million in FY26 from RM4.7 million in FY25, while net assets per share stood at 5.81 sen.
During the year, the company also declared and paid an interim single-tier dividend of 0.35 sen per share in respect of FY26.
RedPlanet’s IPO comprises a public issue of 70 million new ordinary shares at an issue price of RM0.19 per share, raising gross proceeds of RM13.3 million, and an offer for sale of 10 million existing shares by way of private placement to selected investors. The Malaysian public portion of the IPO was oversubscribed by 85.28 times. Of the gross proceeds, RM8.12 million or 61.1% has been earmarked for business expansion, RM2.38 million or 17.9% for working capital, and the remaining RM2.8 million or 21% to defray listing expenses. Upon listing, the company’s entire enlarged issued share capital of 410,650,542 shares will be quoted on the ACE Market of Bursa Securities, representing a market capitalisation of approximately RM78.02 million based on the issue price.
Non-independent executive director / managing director Lian Wah Seng (pix) remarked, “FY26 has been a milestone year for RedPlanet. We delivered solid top-line growth of 22.3%, supported by our expanding ICT solutions business, while our core geospatial and intelligent rail solutions continued to provide a stable base of recurring project work.”
Excluding listing-related expenses, he added their adjusted PAT grew 35.1% to RM7.31 million, reflecting the underlying strength of their operations and their disciplined approach to project execution.
UOB Kay Hian (M) Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for RedPlanet.