RedPlanet Berhad (“RedPlanet” or the “Company”, and together with its subsidiaries, the “Group”), an enterprise ICT solutions provider specialising in geospatial solutions and intelligent rail solutions, is pleased to announce its financial results for the fourth quarter and financial year ended 30 June 2026 (“FYE 2026”), ahead of its transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 22 October 2026.
For FYE 2026, the Group recorded revenue of RM40.72 million, an increase of 22.3% from RM33.30 million in the financial year ended 30 June 2025 (“FYE 2025”). 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 FYE 2025.
The Group’s revenue for FYE 2026 was contributed by the following segments:
• 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.
• RM10.8 million from the trading of ICT solutions and ancillary hardware, representing 26.5% of total revenue.
Malaysia accounted for 87.0% 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 FYE 2025, 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 30 June 2026 (“Q4 FY2026”), 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 18.0%. 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’s financial position remained healthy as at 30 June 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 FYE 2026 from RM4.7 million in FYE 2025, 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 FYE 2026.
RedPlanet’s IPO comprises a public issue of 70,000,000 new ordinary shares at an issue price of RM0.19 per share, raising gross proceeds of RM13.30 million, and an offer for sale of 10,000,000 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 RM2.80 million or 21.0% 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.
Mr. Lian Wah Seng, Non-Independent Executive Director/ Managing Director of RedPlanet Berhad remarked, “FYE 2026 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, our adjusted PAT grew 35.1% to RM7.31 million, reflecting the underlying strength of our operations and our disciplined approach to project execution.”
Looking ahead, the Group remains well positioned to benefit from the growth of its key industries. According to industry data disclosed in the Prospectus, the geospatial solutions industry in Malaysia grew from RM6.7 billion in 2021 to an estimated RM11.3 billion in 2025, at a compound annual growth rate (“CAGR”) of 14.0%, while the intelligent rail solutions industry expanded from RM389.2 million to RM494.3 million over the same period, at a CAGR of 6.2%.
UOB Kay Hian (M) Sdn Bhd (“UOBKH”) is the Principal Adviser, Sponsor, Underwriter and Placement Agent for RedPlanet.
