OGX Group Berhad Announces Robust Growth in Q4 2026: Key Investor Insights

Financial Performance Highlights

• Strong Revenue Growth: OGX Group Berhad reported revenue of RM58.31 million for the fourth quarter ended 31 May 2026, bringing the full-year revenue to RM284.67 million, up 61.46% from RM176.31 million the previous year. This significant increase was primarily driven by higher contributions from the provision of IT infrastructure solutions.
• Profitability Surge: Gross profit (GP) for the year was RM57.45 million, up 48.87% year-on-year from RM38.59 million. Profit before tax (PBT) rose to RM32.82 million from RM22.02 million, with profit after tax (PAT) at RM23.04 million versus RM15.46 million previously.
• Earnings Per Share (EPS): EPS for the year was 3.09 sen per share, compared to 2.04 sen a year ago. The calculation is based on 750 million shares post-listing, with no equity-dilutive instruments in issue.
• Net Assets Per Share: The company’s net assets per share rose to RM0.14 from RM0.05, reflecting strengthened shareholder equity.
• Dividend Declaration: A single-tier dividend of RM0.005 per share was declared and paid in June 2026, amounting to RM3.75 million.

Balance Sheet & Cash Flow

• Healthy Cash Position: Cash and cash equivalents at year-end stood at RM68.49 million, up sharply from RM21.46 million, largely due to IPO proceeds and strong operating cash flows.
• IPO Proceeds: OGX raised RM52.5 million from its IPO, listing 750 million shares on the ACE Market of Bursa Malaysia on 12 March 2026. The proceeds will be used for business expansion, including acquisition and renovation of a new facility (RM30 million), expansion of IT infrastructure brands (RM2.5 million), geographical expansion (RM2 million), repayment of bank borrowings (RM4.5 million), working capital (RM8.55 million), and listing expenses (RM5 million).
• Borrowings: Total borrowings decreased to RM29.68 million from RM32.60 million, with significant repayments made post-IPO.

Segmental Performance & Growth Drivers

• Business Segments:
  • IT Infrastructure Solutions: RM220.07 million (up 56% YoY)
  • Distribution of IT Infrastructure Products: RM44.97 million
  • Product Warranties and Support Services: RM19.63 million
• Geographical Expansion: Peninsular Malaysia contributed RM260.85 million, East Malaysia RM23.59 million, and maiden overseas revenue RM223,000 from Vietnam – marking a significant milestone in the company’s regional strategy.

Corporate & Strategic Developments

• Major Contract Award: On 10 June 2026, OGX Networks Sdn Bhd received a letter of award from Customer E for the supply of fibre optic cables and related materials for data centre applications, valued at RM96.64 million. This contract could materially impact future earnings and is highly price-sensitive.
• Property Acquisition: On 21 July 2026, OGX Sdn Bhd entered into a conditional sale and purchase agreement for a new headquarters in Petaling, Selangor, for RM19 million. The acquisition is targeted for completion by the end of 2026 and will provide additional office and warehouse space, supporting workforce expansion and operational growth.
• Security Operations Centre (SOC): The company is progressing towards launching its SOC, which will boost cybersecurity capabilities and enhance the IT solutions portfolio.
• IPO Milestone: OGX successfully listed on the ACE Market, expanding its shareholder base and enhancing capital access for future growth initiatives.

Tax & Other Notes

• Higher Effective Tax Rate: The effective tax rate for FY2026 was 29.82%, above the statutory 24%, mainly due to non-deductible expenses and unrecognised deferred tax assets relating to impairment allowances and deferred revenue.
• No Material Litigation: There are no pending or threatened material legal proceedings that could affect the Group’s financial position.
• No Extraordinary Items or Changes in Composition: Business operations were not affected by seasonal or exceptional items. No related party transactions or contingent liabilities were noted.
• Business Outlook: Management remains optimistic due to continued digitalisation trends, increased demand for cybersecurity, and supportive government initiatives. The IPO proceeds will be instrumental in executing the company’s expansion strategy, including regional growth and new business lines.

Conclusion & Potential Price-Sensitive Items

1. RM96.64 Million Contract Award: This sizeable contract can materially boost OGX’s revenue and profit in upcoming quarters.
2. New Headquarters Acquisition: The strategic property move will support long-term growth and operational scalability.
3. Maiden Overseas Revenue: Entry into Vietnam signals the start of international expansion, opening up new market potential.
4. SOC Launch: This will strengthen OGX’s cybersecurity offerings and competitiveness.
5. Robust Financial Performance & Cash Position: Investors should note the improved profitability, cash flow, and reduced borrowings, which enhance the company’s financial resilience.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell shares in OGX Group Berhad. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The information is based on unaudited financial statements and may be subject to change. OGX Group Berhad and its management accept no liability for any losses arising from reliance on this information.

Versi Bahasa Malaysia

OGX Group Berhad Umum Prestasi Kewangan Kukuh Suku Keempat 2026: Sorotan Terperinci untuk Pelabur

Prestasi Kewangan Utama

• Pertumbuhan Pendapatan Kukuh: OGX Group Berhad melaporkan pendapatan RM58.31 juta bagi suku keempat berakhir 31 Mei 2026, dengan jumlah setahun sebanyak RM284.67 juta, meningkat 61.46% berbanding RM176.31 juta tahun sebelumnya. Peningkatan ini dipacu oleh sumbangan tinggi daripada segmen penyelesaian infrastruktur IT.
• Peningkatan Keuntungan: Keuntungan kasar (GP) tahun ini ialah RM57.45 juta, naik 48.87% tahun ke tahun. Keuntungan sebelum cukai (PBT) meningkat ke RM32.82 juta dari RM22.02 juta, manakala keuntungan selepas cukai (PAT) ialah RM23.04 juta berbanding RM15.46 juta sebelumnya.
• Pendapatan Sesaham (EPS): EPS tahun ini ialah 3.09 sen sesaham berbanding 2.04 sen tahun lalu, berdasarkan 750 juta saham selepas penyenaraian.
• Aset Bersih Sesaham: Aset bersih sesaham naik ke RM0.14 dari RM0.05, menunjukkan kedudukan ekuiti pemegang saham yang lebih kukuh.
• Pengumuman Dividen: Dividen tunggal RM0.005 sesaham telah diumumkan dan dibayar pada Jun 2026, berjumlah RM3.75 juta.

Kedudukan Kewangan & Aliran Tunai

• Posisi Tunai Kukuh: Tunai dan setara tunai pada akhir tahun ialah RM68.49 juta, meningkat dari RM21.46 juta, hasil dari hasil IPO dan aliran tunai operasi yang kukuh.
• Hasil IPO: OGX mengumpul RM52.5 juta dari IPO, dengan 750 juta saham disenaraikan di Pasaran ACE Bursa Malaysia pada 12 Mac 2026. Dana digunakan untuk pengembangan perniagaan termasuk pemerolehan dan pengubahsuaian fasiliti baru, pengembangan jenama IT, ekspansi geografi, pembayaran balik pinjaman bank, modal kerja, dan kos penyenaraian.
• Pinjaman: Jumlah pinjaman berkurang ke RM29.68 juta dari RM32.60 juta selepas pembayaran balik yang signifikan.

Prestasi Segmen & Pemacu Pertumbuhan

• Segmen Perniagaan:
  • Penyelesaian Infrastruktur IT: RM220.07 juta (naik 56% YoY)
  • Pengedaran Produk Infrastruktur IT: RM44.97 juta
  • Jaminan Produk dan Perkhidmatan Sokongan: RM19.63 juta
• Pengembangan Geografi: Malaysia Semenanjung menyumbang RM260.85 juta, Malaysia Timur RM23.59 juta, dan pendapatan luar negara pertama RM223,000 dari Vietnam – menandakan permulaan strategi pengembangan serantau.

Perkembangan Korporat & Strategik

• Kontrak Utama: Pada 10 Jun 2026, OGX Networks Sdn Bhd menerima surat anugerah dari Customer E untuk membekal kabel fiber optik dan bahan berkaitan aplikasi pusat data bernilai RM96.64 juta. Kontrak ini berpotensi memberi impak besar pada pendapatan dan sangat sensitif kepada harga saham.
• Pemerolehan Hartanah: Pada 21 Julai 2026, OGX Sdn Bhd menandatangani perjanjian jual beli bersyarat untuk ibu pejabat baru di Petaling, Selangor, bernilai RM19 juta. Pemerolehan dijangka siap akhir 2026 dan akan menyokong pertumbuhan operasi jangka panjang.
• Pelancaran SOC: Syarikat sedang bersedia melancarkan Security Operations Centre (SOC) untuk memperkuat tawaran keselamatan siber.
• Pencapaian IPO: OGX berjaya disenaraikan di Pasaran ACE, memperluas asas pemegang saham dan meningkatkan akses modal untuk pengembangan masa depan.

Cukai & Nota Lain

• Kadar Cukai Berkesan Tinggi: Kadar cukai berkesan FY2026 ialah 29.82%, lebih tinggi daripada kadar statutori 24% kerana perbelanjaan tidak boleh ditolak dan aset cukai tertunda tidak diiktiraf.
• Tiada Litigasi Material: Tiada prosiding undang-undang material yang boleh menjejaskan kedudukan kewangan kumpulan.
• Tiada Perkara Luar Biasa atau Perubahan Komposisi: Operasi tidak terjejas oleh musim atau item luar biasa. Tiada transaksi pihak berkaitan atau liabiliti kontingen.
• Prospek Perniagaan: Pengurusan optimis dengan trend digitalisasi, permintaan tinggi untuk keselamatan siber, dan inisiatif kerajaan. Dana IPO akan memacu strategi pengembangan syarikat.

Kesimpulan & Perkara Sensitif Harga

1. Kontrak RM96.64 juta: Kontrak ini boleh meningkatkan pendapatan dan keuntungan OGX dalam suku akan datang.
2. Pemerolehan Ibu Pejabat Baru: Langkah strategik ini menyokong pertumbuhan operasi dan skalabiliti OGX.
3. Pendapatan Luar Negara Pertama: Penerokaan pasaran Vietnam membuka potensi pasaran baru.
4. Pelancaran SOC: Menguatkan tawaran keselamatan siber dan daya saing syarikat.
5. Prestasi Kewangan Kukuh: Pelabur perlu maklum tentang peningkatan keuntungan, aliran tunai, dan pengurangan pinjaman, menambah ketahanan kewangan syarikat.

Penafian

Artikel ini adalah untuk tujuan maklumat sahaja dan tidak merupakan nasihat pelaburan atau cadangan membeli atau menjual saham OGX Group Berhad. Pelabur harus membuat penyelidikan sendiri dan berunding dengan penasihat profesional sebelum membuat keputusan pelaburan. Maklumat berdasarkan penyata kewangan tidak diaudit dan tertakluk kepada perubahan. OGX Group Berhad dan pengurusan tidak bertanggungjawab atas sebarang kerugian akibat maklumat ini.

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